Good morning Wake-up Watchlisters! While you're sipping coffee you'll see stock futures dipped on Tuesday following a significant debt ceiling meeting between President Joe Biden and House Speaker Kevin McCarthy. The meeting, held at the White House on Monday evening, was described by McCarthy as "productive" and "professional." With just 10 days remaining until June 1, which marks the earliest possible date for a U.S. default, these discussions exhibited a more positive tone following an hour-long conversation. The markets will remain volatile until the debt ceiling crisis is resolved, but there are still trading opportunities. Right now our Head Trading Tactician Bryan Bottarelli is telling readers about "The Next Major American Index." It's been hidden from investors since 1993, and a fed report recently uncovered it. Click here to learn more about this "Secret Profit Window" and how it generated 17x returns in 30 years. Here's a look at the top-moving stocks this morning. PacWest Bancorp (Nasdaq: PACW) PacWest (PACW) is up 15.33% in premarket trading as the troubled regional bank divested its real estate loans. The bank is selling a portfolio of 74 real estate construction loans worth $2.7 billion to Kennedy Wilson Holdings at a $300 million discount, as stated in the filing. Pending approvals, the deal will also include an additional six loans totaling $363 million. DICK'S Sporting Goods (NYSE: DKS) Dick's Sporting Goods is up 4.11% premarket following its latest earnings report. The company reported non-GAAP earnings per share (EPS) of $3.40, surpassing expectations by $0.19. Additionally, its revenue stood at $2.84 billion, showing a year-over-year growth of 5.2% and beating estimates by $40 million. Dick's Sporting Goods achieved a 3.4% increase in comparable store sales during the first quarter, primarily driven by a 2.7% rise in transactions and higher average ticket prices. Yesterday we got positioned on an overnight trade in DKS in The War Room. Click here to unlock that trade. |
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