Good morning Wake-up Watchlisters! While you're sipping coffee you'll see stock futures declined on Tuesday. The drop came after Australia's central bank stirred speculation that global policy makers will extend tightening cycles. Euro zone data is also reinforcing these fears, showing banks had curbed lending more than anticipated. Urgent: With the latest rate hike likely coming tomorrow, it's crucial to consider Karim Rahemtulla's latest "Super Income System." This portfolio could allow traders to collect income as well as capital gains, but the opportunity could end as soon as the Fed's latest meeting tomorrow. So you have to lock in your investment soon. Click here to get exclusive access to Karim's Super Income portfolio. Here's a look at the top-moving stocks this morning. Chegg, Inc. (NYSE: CHGG) Chegg is down 44.60% premarket after the online-education company said since March it's seen a "significant spike in student interest in ChatGPT" and the new chatbot is impacting its customer growth rate. Chegg now predicts revenue in the second quarter range of $175 million to $178 million, which is below analysts estimates of about $194 million. NXP Semiconductors (Nasdaq: NXPI) NXP Semiconductors is up 4.81% premarket after topping revenue expectations and the Netherlands-based chip maker also issued a strong second-quarter forecast for profit and revenue. The quarterly report represents an earnings surprise of 5.63%. Our Lead Trading Tactician Nate Bear had his eyes on a semiconductor stock in his watchlist yesterday. He got positioned at 11:24 am on Monday and closed for a 100% winner in 1 trading day on NVDA! Click here to start following along with Nate's trades. |
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