Thursday, August 31, 2023

Amazon, Shopify Strike Deal

Trade of the Day Wake-Up Watchlist

Attention Readers: We hit a triple-digit winner. Yesterday our Head Trading Tactician Bryan Bottarelli got positioned on AMBA for a 124.47% overnight gain. Here's what one War Room member said after the trade…

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Good morning Wake-up Watchlisters! While you're sipping coffee you'll see stock futures were up on Thursday. Recent economic data showed the Federal Reserve could be on the verge of halting rate hikes. Investors will have a clearer picture after more indications from the central bank's preferred inflation gauge, the Personal Consumption Expenditures Index.

 

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

Shopify Inc. (NYSE: SHOP)

Shopify is up 5.50% premarket after striking a deal with Amazon to open Amazon logistics to sellers. The two e-commerce software and services companies say Amazon's "Buy with Prime" will soon be among the tools available to Shopify's merchants in the U.S. This could lead to more sales for Shopify in the future.

Our Lead Technical Tactician Nate Bear has been featuring a major tech stock as part of his newest service, Profit Surge Trader.

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Okta, Inc. (Nasdaq: OKTA)

Okta is up 10.77% premarket after the cybersecurity company crushed its earnings estimates. It posted second-quarter adjusted earnings of 31 cents per share on revenue of $556 million. Analysts polled by Refinitiv were expecting earnings at 22 cents per share on revenue of $535 million.

 

Look at What Biden Is Up to Now!

I Did That Inflation Rate
 

You have every right to be upset at the politicians who got us into this mess.

Money printing always ends in disaster.

That's why the senior-most Dealmaker for the U.K.'s Department of International Trade flew to the U.S. to deliver a critical message.

To see what he said, click here.

Salesforce (NYSE: CRM)

Salesforce is up 5.41% premarket after the software company posted quarterly earnings of $2.12 pre share, which was greater than the $1.90 per share forecast by analysts polled by Refinitiv. It also posted revenue of $8.60 billion, more than expected $8.53 billion.

 

Five Below, Inc. (Nasdaq: FIVE)

Five Below is down 7.07% in premarket after posting a weak outlook. The discount retailer is projecting third-quarter earnings of 17 cents to 25 cents per share, lower than the 40 cents per share forecast by analysts polled by Refinitiv. The company also anticipates third-quarter revenue of $715 million to $730 million, weaker than the $738 million estimated by analysts.

 

Metal buying on the rise

Inflation has been eating away at the dollar for over a year now, and 100,000+ investors are buying up gold at a price not seen in years. Gold has outpaced some of the world's best assets like stocks, bonds and real estate.

Click here to start investing in metals today.

Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team

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