Good Morning Wake-Up Watchlisters! While you're sipping coffee you'll see stock futures were down on Friday. It's been a wild week for traders, with recent inflation reports dampening optimism surrounding interest rate cuts in 2024. Now attention shifts to earnings season with big guns JPMorgan and Citigroup reporting today (more on that below). As earnings season kicks off, our Head Trading Tactician Bryan Bottarelli is already closing winners in The War Room. Yesterday he closed a trade on KMX for a 27% overnight gain. Click here to learn how Bryan's overnight trading strategy could lead to you doubling your money overnight. Here's a look at the top-moving stocks this morning. Globe Life Inc. (NYSE: GL) Globe Life is up 6.91% in premarket after dropping by a record 53% on Thursday. It fell to its lowest level in almost a decade due to a major sell-off that brought several volatility halts. A critical report from Fuzzy Panda Research also said it had a short position on the insurance company. JPMorgan Chase and Co. (NYSE: JPM) JPMorgan is down 3.52% premarket after the banking giant reported first-quarter earnings of $4.44 a share. The move was higher than analysts' expectations of $4.17. But despite the earnings beat, its outlook for full-year net interest missed expectations. JPMorgan CEO Jamie Dimon said "persistent inflationary pressures" stemming from wars and geopolitical tensions are leading to uncertainty in the months ahead. JPMorgan's net interest income was also down 4% from the fourth quarter. |
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