Thursday, July 13, 2023

$12 billion in revenue

Trade of the Day Wake-Up Watchlist

Good morning Wake-up Watchlisters! While you're sipping coffee you'll see stock futures were still rallying on Thursday. The optimism came after yesterday's inflation data showed a tapering off, with headline consumer inflation dropping to a two-year low. Plus, earnings season is about to kick off and upbeat reports got the ball rolling (more on that below). We'll have a better overall forecast when several big banks report tomorrow.

Bryan and Karim have been making several trades off the recent rally in The War Room.

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Here's a look at the top-moving stocks this morning.

Viasat, Inc. (Nasdaq: VSAT)

Viasat is down 23.17% premarket after an anomaly during deployment of its ViaSat-3 Americas satellite in space. The company said this may affect the performance of the satellite. It currently has 19 satellites in space.

 

Delta Airlines (NYSE: DAL)

Delta Airlines is up 3.21% premarket after the airliner reported record revenue and profitability in the second quarter. It also increased its full-year guidance due to strong travel demand and lower fuel costs. The company reported $14.6 billion in revenue and beat its own guidance of between $2.25 and $2.50 per share.

 

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Microsoft (Nasdaq: MSFT)

Microsoft is up 0.74% premarket after signing a landmark $2 billion agreement with KPMG to expand its AI deal. The goal for KPMG is to accelerate AI to provide a better experience for their employees and customers. It believes it will generate $12 billion in revenue over the next few years, with revenue coming from cybersecurity and integration into the cloud.

Our Lead Technical Tactician Nate Bear recently got positioned on MSFT in Daily Profits Live.

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Recursion Pharmaceuticals (Nasdaq: RXRX)

Recursion Pharmaceuticals is up 2.65% premarket and was up as high as 78% in after-hours trading. The spike came after the pharma company snagged a $50 million investment from AI darling Nvidia on Wednesday to work on drug development using AI. It's a sign that AI might finally be ready to move into the biotech sector.

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Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team

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