Good morning Wake-up Watchlisters! While you're sipping coffee you'll see US stock futures saw a broad decline on Tuesday. The drop was triggered by Swedish landlord SBB halting dividends, and weaker-than-expected economic data from China. European stocks and US futures also traded lower, along with oil. Investors will be closely watching efforts in Washington to resolve the US debt ceiling impasse, as President Biden meets with House Speaker Kevin McCarthy for the first time in three months. Yesterday in the War Room we mentioned how the debt ceiling drama was largely political theater and likely nothing to worry about. It's crucial to stick to sound trading fundamentals and avoid distracting narratives, which is exactly what we'll be doing this week. Click here to learn more about how we use the "Perfect Timing Pattern" to make consistent winning trades in both bull and bear markets. Palantir Technologies (NYSE: PLTR) Palantir Technologies Inc., a data analysis company, is up 17.70% in premarket trading after the firm delivered a strong earnings forecast and reported unprecedented demand for its new artificial intelligence tool. The company achieved a surprise profit in Q1 and anticipates remaining profitable throughout 2023, marking its first profitable year. Palantir's CEO, Alex Karp, emphasized the firm's focus on AI, stating that it is "running hard" at AI technology and intends to take the entire market. Artificial intelligence has been the hot topic in 2023, and there's another potentially game-changing tech company our friend Andy Snyder wants you to know about. It's not 5G or crypto, and there's reason to believe it could be worth up to $13 trillion by 2030. Click here to unlock this tech stock. Paypal (Nasdaq: PYPL) Paypal is down 4.99% premarket despite reporting better-than-expected earnings and increasing its full-year profit forecast. The company's adjusted earnings for Q1 2021 rose by 44.4% from the previous year, with revenues rising by 8.6% to $7.04 billion and payments volumes increasing by 12% to $354.5 billion. Although PayPal reduced costs, including a 7% reduction of its workforce, it expects its margins to weaken over the coming months. PayPal predicted Q2 earnings of between $1.15 and $1.17 per share, slightly below Refinitiv forecasts, indicating that austerity measures would have limited impact on margins during H2 2021. Yesterday we positioned ourselves on an overnight strange in PYPL in The War Room. Click here to learn more about how overnight trading could double your money while you sleep. |
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