Friday, August 4, 2023

An 88% Revenue Surge...

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 bounced back on Friday after two days in the red. The Labor Department will release July employment data before trading starts this morning, and analysts are currently predicting the slowest rate of job gains since the end of the pandemic.

 

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

DraftKings (Nasdaq: DKNG)

DraftKings is up 12.44% premarket after the daily fantasy sports betting site posted strong earnings for the second quarter and boosted its full-year revenue outlook. Revenue surged 88% to $875 million as it continues to benefit from more states around the country allowing legalized gambling.

We're currently positioned on DraftKings in The War Room.

Click here to unlock that trade.

 

Amazon.com (Nasdaq: AMZN)

Amazon is up 8.89% premarket after the mega cap's latest gains powered S&P 500 futures higher. The company's boost came after reporting quarterly earnings that were nearly double what analysts expected. Operating income more than doubled to $7.68 billion over the three months ending in June, which smashed the Wall Street forecast of $4.42 billion, as margins improved to 5.7% and revenues rose 11% from last year.

 

Legendary Investor Paul Tudor Jones Predicts "Violent Death" for Putin

Putin Stressed
 

Source: Wikimedia Commons

 

Few people know this, but Putin just made the single biggest mistake of his life. It's not invading Ukraine... but it could have a profound effect on world markets. A market expert breaks down the opportunity here.

Atlassian Corporation (Nasdaq: TEAM)

Atlassian is up 22.16% premarket after its cloud revenue forecast jumped. Its expected cloud revenue will grow in the fiscal year ending June 2024 by 25% to 30%, according to the software company. The shares jumped to a high of $213.70 in extended trading after closing at $169.65 in New York.

 

Apple, Inc. (Nasdaq: AAPL)

Apple is down 2.17% in premarket after iPhone sales that missed analysts' expectations fell 1.4% over the last year. About half of the company's overall revenue comes from its iPhone segment. Ipad sales have also flagged, and revenue has slid for multiple quarters at the tech giant.

 

Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team

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