Good morning Wake-up Watchlisters! While you're sipping coffee you'll see stock futures went up on Friday. The news came on optimism surrounding a potential debt ceiling agreement in Washington. President Joe Biden expressed confidence in Congress's ability to act in time to prevent a default during a call from Japan, as House Speaker Kevin McCarthy and Senate Majority Leader Chuck Schumer made preparations for upcoming votes on a bipartisan deal. The markets are up for now, but 2022 was a tough year and many stocks dropped. That's why value stocks that have a chance to go back up are crucial to consider right now. Our Head Fundamental Tactician Karim Rahemtulla has been pounding the table on what he's calling "The Last Great Value Stock." Jefferies analyst Chloe Lemarie recently raised its price target to over 20%, and shares are already 100% above where they were last September. Click here to unlock this under $2 value stock before it's too late. Here's a look at the top-moving stocks this morning. Deere & Co. (NYSE: DE) Deere is up 5.35% premarket after investors anticipated the release of the industrial equipment maker's second-quarter earnings. The company's outlook for the current fiscal year, ending in October, includes a net income forecast ranging from $8.75 billion to $9.25 billion, attributed to improved pricing power for agricultural equipment and growing global demand. It's no secret that higher demand for farm equipment could lead to more energy demand to run the equipment. Our friend Marc Lichtenfeld has been telling readers about an alternative investment strategy outside of the stock market that takes advantage of this recent oil and gas surge. Few people have heard of it, but some of the world's smartest investors like Warren Buffett and billionaire Ken Griffin are already pouring money in. Click here to learn how you could collect monthly income over and over again for life with this strategy. Foot Locker (NYSE: FL) Foot Locker is down 19.08% premarket after announcing its latest earnings report. During the first quarter, there was a 9.1% decrease in comparable-store sales, mainly due to macroeconomic challenges such as lower income tax refunds in the United States and changes in vendor mix, along with the repositioning of Champs Sports. Total sales also saw a decline of 11.4% to $1,927 million compared to the same period last year. Earnings reports can act as a catalyst for a stock moving up or down, and a good way to predict how earnings will turn out is to track insider buying (the legal kind). Our Head Fundamental Tactician Karim Rahemtulla uses state-of-the-art technology to track where insiders are putting their money, and we just positioned ourselves on an insider buying play in The War Room yesterday. Click here to see how following the money could lead to gains as high as 2,250%. |
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