Wednesday, May 8, 2024

First Timer Over Here...

Trade of the Day Wake-Up Watchlist

Good Morning Wake-Up Watchlisters! While you're sipping coffee you'll see stock futures climbed on Wednesday. It was the fourth straight winning day for the Dow, as investors keep hopes alive for rate cuts by summer time. Also, Hamas announced on Monday that it accepted an Egyptian-Qatari cease-fire proposal to end the war with Israel, which also gave stocks a boost.

While the markets rebound, we've been taking winners in The War Room. Yesterday our Head Trading Tactician Bryan Bottarelli closed a 36% winner on DIS in less than 1 trading day. Plus, our Lead Fundamental Tactician Karim Rahemtulla closed a 21% winner on WOLF in 90 days earlier this week.

Click here to follow along with Bryan and Karim's trading in real-time in The War Room.

 

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

DoubleVerify Holdings (NYSE: DV)

DoubleVerify Holdings is down 38.99% in premarket trading after the data software company cut its full-year outlook. It now expects between $663 million and $675 million, down from previous guidance of $688 million and $704 million. The company said it reduced guidance "due to uneven spending patterns among select large advertisers."

Just because a stock goes down after earnings doesn't mean you have to lose money. Earlier this week, our Lead Technical Tactician Nate Bear got positioned on an earnings loser in Profit Surge Trader.

Click here to learn how Nate plays post-earnings patterns for consistent winning trades.

 

Reddit (NYSE: RDDT)

Reddit is up 15.32% in premarket. The stock surged after the newly-public social media company reported quarterly results for the first time. Revenue came in above expectations due to booming advertising and content deals. It made $243 million, which was far above Wall Street expectations of $212.8 million. Its loss of $8.19 per share was also lower than analysts' expectations of $8.75 per share.

 

How a 3-Minute Chat with a Costco Manager Led to Incredible Gains

What if a brief chat at a basketball game could lead to unimaginable wealth?

That's what happened to Alexander Green... A short conversation led to 100-fold gains over his career.

Dive into the story of the mysterious Costco manager who changed everything.

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Lyft, Inc. (Nasdaq: LYFT)

Lyft is up 3.07% in premarket after first-quarter revenue topped forecasts. The ride-hailing company posted revenue of $1.3 billion, a 28% jump. It also logged 188 million rides during the quarter, a 23% increase from a year earlier. Gross bookings in the quarter also rose 21%.

ZoomInfo Technologies (Nasdaq: ZI)

ZoomInfo is down 24% in premarket trading after poor guidance. The database company saw second-quarter revenue of $306 million to $309 million, which was below analysts' estimates of $313.2 million.

Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team

The Chance Meeting That Made Alex a Fortune

Sometimes, the best investment advice comes from where you least expect it.

For Alexander Green, it was from a casual chat during a basketball game 30 years ago.

Uncover how this unexpected advice led to the biggest wins of Alex's career.

Click here to learn this secret.

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