Good morning Wake-up Watchlisters! While you're sipping coffee you'll see stock futures rose on Wednesday. Traders remained hopeful about resolving the deadlock on raising the debt ceiling through talks in Washington. The looming June deadline for a potential historic default is causing anxiety among investors, leading to increased yields across the US curve, including a 30-year note rate of approximately 3.9%, the highest since the regional bank turmoil in early March. It's no secret the markets have been choppy as of late, but there are always unforseen opportunities for potential profit. Right now our Head Trading Tactician Bryan Bottarelli is telling readers about "The Next Major American Index." This index has been kept hidden by Wall Street for more than 30 years, and a recent Fed report showed it generated +1,700% returns in that timespan. Click here to discover what Bryan is calling the "Secret Profit Window." Here's a look at the top-moving stocks this morning. Wix.com Ltd. (Nasdaq: WIX) Wix.com is up 6.56% premarket following a significant turnaround in its first-quarter financial results, reporting a net profit due to substantial growth in subscription revenue. Excluding one-time items, the Israeli company earned 91 cents per share, a notable improvement compared to the loss of 72 cents per share in the previous year. The company's revenue also saw a 10% increase, reaching $374.1 million, surpassing analysts' expectations. Wix projects its second-quarter revenue to be between $380 million and $385 million, demonstrating a potential annual growth of up to 12%. Yesterday we closed a winning trade on an overnight strangle on WIX in The War Room. Click here to unlock that trade and start using this overnight strategy for potential gains while you sleep. Western Alliance Bancorp. (NYSE: WAL) Western Alliance Bancorp is up 9.05% premarket after it announced that its deposits had grown by over $2 billion since the end of the previous quarter. This news alleviated concerns regarding the well-being of regional lenders in the US. Western Alliance's stock rose by 8.5% in premarket trading, while PacWest Bancorp, another regional lending peer, gained 9%, and Zions Bancorp increased by 1.9%. |
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