Tuesday, July 18, 2023

More Strength From a Big Bank

Trade of the Day Wake-Up Watchlist

Good morning Wake-up Watchlisters! While you're sipping coffee you'll see stock futures held steady on Tuesday as the second-quarter earnings season continues. There were positive signs from another big bank (see more on that below) and investors are still weighing how much inflation has cooled. Plus, Treasury Secretary Janet Yellen said a cooler (but still resilient) labor economy is playing a leading role in helping to slow inflation.

We've been pounding the table on getting back into the bank sector in The War Room.

Click here to see how we're playing the recent bank rally.

 

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

Masimo Corporation (Nasdaq: MASI)

Masimo Corporation is down 27.64% premarket after the hospital equipment maker said it expects second-quarter sales of $453 million to $457 million, which was well below analyst's forecasts of $553 million. Masimo also pointed to a large amount of pushback orders to the second half of the year as a reason for the dip.

 

FB Financial (NYSE: FBK)

FB Financial is up 15.10% premarket after the FirstBank parent company topped earnings estimates. it reported revenue of 77 cents per share, beating analyst's estimates of 66 cents per share. The report represents an earnings surprise of 16.67%.

 

On July 25, I'm going to invest THOUSANDS of dollars into a little-known $7 stock...
and I want YOU to join me.

Marc - play button
 

Go here now to find out why I'm convinced this stock will double in the coming year.

Sunrun Inc. (Nasdaq: RUN)

SunRun is up 7.51% premarket after Morgan Stanley analyst Andrew Percoco declared the solar company well on pace to hit the midpoint of its target for solar installations in the second quarter. On a big-picture level, Percoco is also optimistic about the increase in solar power use in the U.S. He is estimating the market will increase by 15% this year over 2022.

Our Lead Technical Tactician Nate Bear has been getting positioned on renewable energy stocks in Daily Profits Live.

Click here to unlock those trades and learn more about Nate's mission to turn $37,000 into $1 million in verified trading profits.

 

Bank of America (NYSE: BAC)

Bank of America was up 0.16% premarket after churning out more profits and revenue in the second quarter after solid performances by its consumer and Wall Street businesses. Net income was up 19% to $7.4 billion. Revenue also rose 11%, to $25.2 billion.

 

Download our award-winning app!

To get our live trade updates as they happen, download our Trade of the Day mobile app, which was a recent winner of the Award of Excellence at the 2023 Communicator Awards.

Click here to download it now.

Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team

The Ultimate Passive Income Play

isometric happy businessman and money working
 

The #1 income play for 2023 is NOT a stock, bond or private company...

Rather, it's a little-known alternative investment that could hand you big monthly income from oil and gas.

Find Out What It Is Right Here

No comments:

Post a Comment

Private investors pour $50 billion into booming sector… investment opportunity

Unstoppable megatrend driven by hundreds of billions in government spending ...