Friday, April 19, 2024

Media Company Surges Amid Takeover Talks

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 were lower on Friday. Investors were spooked after initial reports Israel had attacked an Iranian city. With little detail about the actual strike, the prices of oil and gold jumped as stocks sank. The markets were already under pressure as uncertainty over interest-rate cuts further dampened spirits.

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

Paramount Global (NYSE: PARA)

Paramount Global is up 10.76% in premarket trading after The New York Times said that Sony's sub division is in talks with Apollo Global Management about joining a bid for Paramount. The deal involves Sony offering cash for all outstanding Paramount Global shares and take the company private.

 

Netflix, Inc. (Nasdaq: NFLX)

Netflix is down 6.31% in premarket despite a stellar earnings report. The streaming video service said it would stop providing Wall Street's favorite data point for tracking business, which led to the stock falling. The company also provided full-year guidance that came as a slight disappointment to investors.

 

American Express (NYSE: AXP)

American Express is up 1.15% premarket after reporting net income of $2.4 billion, or $3.33 per share. First-quarter consolidated revenues were $15.8 billion, up 11 percent from $14.3 billion a year ago. The reason for the increase was primarily due to increased card member spending and high net interest income.

 

Intuitive Surgical (Nasdaq: ISRG)

Intutiive Surgical is up 2.82% in premarket trading after beating earnings expectations. The company posted first quarter earnings per share of $1.50, beating expectations of $1.42 as revenue rose 11% to $1.89 billion and also topped forecasts. It also mentioned shares with its da Vinci robotic systems rose 16% worldwide from the year-earlier quarter.

 

Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team

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American Express (NYSE: AXP)

American Express is up 1.15% premarket after reporting net income of $2.4 billion, or $3.33 per share. First-quarter consolidated revenues were $15.8 billion, up 11 percent from $14.3 billion a year ago. The reason for the increase was primarily due to increased card member spending and high net interest income.

Intuitive Surgical (Nasdaq: ISRG)

Intutiive Surgical is up 2.82% in premarket trading after beating earnings expectations. The company posted first quarter earnings per share of $1.50, beating expectations of $1.42 as revenue rose 11% to $1.89 billion and also topped forecasts. It also mentioned shares with its da Vinci robotic systems rose 16% worldwide from the year-earlier quarter.

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