Good morning Wake-up Watchlisters! While you're sipping coffee you'll see stock futures dropped on Wednesday. Investors remained cautious as they awaited the release of the US inflation report for clues about the Fed's latest interest rate policy. Contracts for the S&P 500 and the Nasdaq 100 also slipped, and Airbnb shares fell 13% in premarket trading while Rivian Automotive's shares rose after reiterating its production plans (more on those below). When the markets are down and fear sets in, it can be helpful to consider alternative investments. For example, oil and gas surged in 2022, and right now our friend Marc Lichtenfeld has an unusual way to potentially bank massive income from its boom in 2023. This ISN'T a stock, bond or private company, and it could hand you passive monthly income over and over again… for life. Click here to learn more about this latest energy play. Here's a look at the top-moving stocks this morning. Upstart Holdings (Nasdaq: UPST) Upstart Holdings was up 33.57% in premarket trading. The first-quarter financial results showed that revenue fell 67% year-over-year to $103 million. However, investors seemed optimistic about the company's long-term potential. Upstart anticipates an improvement in its financials for Q2, with revenue expected to reach $135 million and adjusted net losses to narrow to approximately $7 million. Co-founder and CEO Dave Girouard has announced that the company secured long-term funding agreements, which could deliver over $2 billion in loans to its platform in the next year. When a stock rises more than 30% in a short period of time, it's crucial to know how to position yourself for a potential gain ahead of time. That's why we use an overnight trading method in The War Room that gives traders a chance to profit in less than 24 hours. And this particular tactic could lead to a gain even if a stock goes down. Click here to learn more about how overnight trading could double your money in less than 24 hours. AirBnB (Nasdaq: ABNB) Airbnb is down 13.35% in premarket trading after its latest earnings report revealed a minor beat on revenue, with $1.8 billion actual versus $1.79 billion estimated. However, bookings missed estimates, with nights and experiences booked totaling $121.1 million actual versus $122.4 million estimated, causing the company's shares to decline. The company announced a new $2.5 billion stock buyback and provided Q2 revenue guidance of $2.35-$2.45 billion actual versus $2.42 billion estimated. The company is focusing on increasing host supply and raising awareness around hosting to become just as popular as traveling on Airbnb. The company has spent substantially on marketing leading up to this summer's key travel season. |
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