Good Morning Wake-Up Watchlisters! While you're sipping coffee you'll see stock futures were down on Thursday after Meta shares sank (see more below). The miss from the major tech group dampened hopes that the "Magnificent Seven" would lead a comeback charge in stocks. Tomorrow the Personal Consumption Expenditures Index report will drop, which should clue investor's in on the Federal Reserve's sentiment on potential upcoming rate cuts. While the PCE report comes out tomorrow, there's another major catalyst that we're looking to trade in Catalyst Cash-Outs next week. It's called the JOLTS report, and it's one of Head Trading Tactician Bryan Bottarelli's favorite government loop holes for potential gains. Click here to learn more about the JOLTS report could lead to gains as high as 383% overnight. Here's a look at the top-moving stocks this morning. Meta Platforms (Nasdaq: META) Meta is down 13.62% in premarket trading after revenue topped expectations but guidance missed forecasts. Meta said it sees second-quarter revenue of between $36.5 billion and $39 billion, just shy of the consensus $38.2 billion. CEO Mark Zuckerberg cited increased spending on artificial intelligence and raised expectations after strong recent quarters for the miss. International Business Machines (NYSE: IBM) IBM is down 8.77% in premarket after reaching a deal to buy the cloud company HashiCorp for $35 a share in cash, or about $6.4 billion. It also reported first-quarter revenue of $14.47 billion, which came in below the $14.55 billion expectations. |
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