Friday, July 28, 2023

Chipmaker Bounces Back

Trade of the Day Wake-Up Watchlist

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Good morning Wake-up Watchlisters! While you're sipping coffee you'll see stock futures climbed on Friday. Investors are anticipating Friday's update on the PCE price index, a key inflation indicator for the Fed as it tries to cool inflation. If there's a dip in prices, it could give the central bank reason to halt interest rate increases and encourage hopes that no more hikes will come this year.

The markets are on track to close July with another strong month, and we've been taking advantage of these recent rallies in The War Room.

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

Intel Corporation (Nasdaq: INTC)

Intel Corporation is up 6.86% premarket after reporting better-than-expected second quarter results. The chipmaker also posted third quarter earnings guidance that was better than anticipated. Due to a slump in PC sales, Wedbush Securities SVP Matt Bryson told Yahoo Finance that the results suggest that the first quarter "was the low." Overall, this could be a sign that the bottom is over for now.

Chipmaking companies like Intel are undergoing a major shift to help the U.S. prevent China's sinister plan to force America to its knees.

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Enphase Energy (Nasdaq: ENPH)

Enphase Energy is down 16.49% premarket after the solar inverter maker's third-quarter revenue target fell well short of analyst estimates. Weak demand was a major factor, as lower prices for electricity in states like Texas and Arizona are one example of why demand for solar isn't as high.

As the country seeks to transition to renewable energies, it's important to consider another opportunity in the sector. Our friend Marc Lichtenfeld's No. 1 pick for 2023 is an alternative investment that could hand you monthly income over and over again… for life.

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First Solar (Nasdaq: FSLR)

First Solar is up 11.67% premarket after coming out with quarterly earnings of $1.85 per share, beating the Zacks Consensus Estimate of $0.95 per share. The report represents an earnings surprise of 94.74%.

 

Roku, Inc. (Nasdaq: ROKU)

Roku is up 9.85% in premarket after its second-quarter earnings report. The company beat top and bottom lines while also besting its own guidance by a large margin. The stock has been strong overall 2023, as it's currently up 60% this year.

 

Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team

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