Good Morning Wake-Up Watchlisters! While you're sipping coffee you'll see stock futures were flat after a strong start to the week. Rate cut expectations are dropping, with markets pricing in one rate cut in 2024, down from the anticipated six or seven expected. Now the focus shifts to more earnings calls from major tech companies including Amazon today and Apple on Thursday. In addition to earnings, there's another market catalyst we want you to know about. The next JOLTS report is set to be released soon and our Head Trading Tactician Bryan Bottarelli is going live today at 2 p.m. to talk more about what it means for the markets. Click here to see why Bryan is so hyped about the JOLTS report. Here's a look at the top-moving stocks this morning. PayPal Holdings (Nasdaq: PYPL) PayPal is up 6.21% in premarket after raising its full-year adjusted profit forecast. Consumer spending has shown resilience, and the company expects its 2024 adjusted profit to increase by "mid-to-high single digit percentage", which is higher than the earlier forecast of it staying flat. Its operating margins also improved 84 basis points as it plans to cut 2,500 jobs this year. Our Head Trading Tactician Bryan Bottarelli got positioned on PYPL yesterday in The War Room and it's already humming along in premarket trading. Click here to see how Bryan's overnight strategy could double your money while you sleep. Sensata Technologies (NYSE: ST) Sensata is up 19.69% in premarket trading after announcing increased earnings of $1.007 billion in revenue. Its earnings per share came in at 89 cents, which was higher than the analyst estimate of 85 cents. The company also announced its CEO, Jeff Cole, will be retiring effective today. The Board of Directors has appointed Martha Sullivan as the new CEO. |
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