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%. |
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