Friday, April 28, 2023

Ouch Cloudfare...

Trade of the Day Wake-Up Watchlist

Good morning Wake-up Watchlisters! While you're sipping coffee you'll see stock futures dipped on Friday. The drop came after retail giant Amazon slipped 1.1% in premarket trading and social media companies also came in with downbeat forecasts (more on those below). Overall, analysts expect first-quarter earnings for S&P 500 companies to fall 2.4% year-over-year. Lastly, the Federal Reserve is expected to raise interest rates by 25 basis points at its upcoming May 2-3 meeting, which could be the last hike in what's been the fastest tightening cycle since the 1980's.

With the Federal Reserve likely to stop raising interest rates, it could mean a key opportunity is going away. Right now the current market climate is giving traders a potential chance at earning capital gains as well as income. Our Head Fundamental Tactician Karim Rahemtulla is aware of this and recently created his "Super Income System," He's going "all-in" on this opportunity because he believes he'll make $1 million with this system within five years.

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Here's a look at the top-moving stocks this morning.

Cloudfare, Inc. (NYSE: NET)

Cloudfare is down 24.99% premarket after its earnings topped estimates but its June-quarter and full-year 2023 revenue outlook fell short. For the current June quarter, Cloudfare projected revenue of $305.5 million at the midpoint of its outlook. Analysts projected revenue of $319.8 million. The company also reported a net loss of $38 million for the quarter.

Cloudfare is a company with ties to artificial intelligence, and it's crucial to be aware of companies at the forefront of breakthroug technologies. Right now our friend Andy Snyder is telling readers about a company that's expected to be worth $13 trillion by 2030, transforming industries like health, retail and real estate in the process. Apple CEO Tim Cook even said its one of those "very few profound technologies that we will look back on one day and say, 'How did we live our lives without it?"

Click here to discover why this tech group is gaining so much attention.

 

Snap, Inc. (NYSE: SNAP)

Snap is down 19.52% premarket after its parent company reported first quarter revenue of $988.6 million, coming in short of Wall Street's $1.01 billion expectations. The social media company reported daily active users of 383 million for the quarter, versus estimates of 383.2 million.

 

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Pinterest (NYSE: PINS)

Pinterest is down 13.86% premarket after the social media company announced an advertising partnership with e-commerce giant Amazon. Average revenue per user came in at $1.32, just short of the $1.33 expected by Wall Street analysts. Pinterest also said it expects second quarter operating expenses to grow in the low teens on a percentage basis, quarter over quarter.

 

Intel Corporation (Nasdaq: INTC)

Intel Corporation is up 5.22% premarket after barely beating analysts' expectations on revenue. Right now the company is seeing a decline in PC and datacenter sales, as consumers and businesses pull back on spending. PC revenue was down a massive 38% in the quarter.

Despite the slow sales numbers for Intel, its CEO Pat Gelsinger is looking to turn the company around by building new fabrication facilities in the U.S., including a massive $20 billion chip plant in Ohio. Intel also announced a mult-generation collaboration with chip designer Arm.

Click here to learn more on how U.S. chip companies could help the United States avoid disaster overseas.

 

Do you know how to identify the perfect stock?

Many think finding the perfect stock involves finding a leader in cutting-edge technolgogy that changes the way we live. And that's true. But the most important factor of a life-changing stock is it has to be undiscovered. Our friend Alexander Green has a track record for identifying life-changing companies before anyone else.

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Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team

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