Good morning Wake-up Watchlisters! While you're sipping coffee you'll see stock futures fell on Thursday. The markets are still recovering from Fitch's downgrade of U.S. long-term credit on Wednesday, a move that put extra pressure on investors and caused a selloff on Wall Street. Traders will be monitoring jobless claims data today to better understand the strength of the labor market. When a big news item like Fitch's downgrade derails the markets, it's crucial to know how to avoid landmine trades. Our Tacticians Bryan Bottarelli and Karim Rahemtulla have been through rough markets before, and they use several strategies to manage risk in The War Room. Click here to see the buying opportunities they've spotted after the recent Fitch downgrade. Here's a look at the top-moving stocks this morning. PayPal (Nasdaq: PYPL) PayPal is down 7.99% premarket after the payments giant said a key measure of profits shrank in the second quarter. PayPal's underwhelming margins has been worrying analysts in recent quarters, with its growth in branded products slipping due to competition from big tech companies like Apple. Wix.com (Nasdaq: WIX) Wix.com is up 11.57% premarket after the website maker outproduced in the second quarter. Revenue numbers totaled $390 million, which was a 13% increase. Also, its creative subscriptions and business solutions revenue growth accelerated for the third consecutive quarter. |
No comments:
Post a Comment