Wednesday, May 1, 2024

Not Today Oatmilk Latte...

Trade of the Day Wake-Up Watchlist

Good Morning Wake-Up Watchlisters! While you're drinking home-brewed coffee over pricey lattes, you'll see stock futures fell on shaky earnings and renewed worry over interest rates Wednesday. Earnings from tech companies were mixed, however megacap Amazon rose 1.7% after earnings with revenue jumping 13%. Now investors will wait on the Federal Reserve's latest policy decision today.

With earnings season chugging along, our Lead Technical Tactician Nate Bear just kicked off what he's calling a "100-day AI trading sprint." This year the artificial intelligence market is projected to reach over $350 billion. But Nate isn't concerned about the future, he's focusing on what's happening right now in Ai.

Click here to see how Nate's deep dive into the current Ai market could score you gains of 295% overnight.

 

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

Pinterest (NYSE: PINS)

Pinterest is up 16.65% in premarket trading after skyrocketing past its earnings forecast. The commerce-driven social media site posted revenue of $740 million, which was up 23% from the year earlier period. Management forecasted $690 million to $705 million. Overall, it ended the quarter with 518 million monthly active users, up 12% from a year earlier.

 

Starbucks (Nasdaq: SBUX)

Starbucks is down 13.27% in premarket after seeing sales fall for the first time since 2020. Budget conscious consumers shook their noses at half-off deals and creative latte offerings, and the coffee company cut its full-year revenue growth forecast to low single-digits. CEO Rachel Ruggeri cited colder-than-usual weather in January and a more cautious consumer as reasons for the dip.

The truth is a stock going down isn't necessarily a bad thing if you know this one simple trick. Our Head Trading Tactician Bryan Bottarelli has a timing pattern that works during bull and bear markets.

Click here to see how Bryan made 246% total gains during the COVID crash with this strategy today.

 

Alexander Green's 3-Minute Stock Secret

Join investment titan Alexander Green as he unveils the simple yet powerful technique that helped him find Netflix before it soared 43,000% since 2005.

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CVS Health (Nasdaq: CVS)

CVS is down 12.13% in premarket trading after rising medical costs over the past few quarters due to higher demand hurt U.S. health insurers. The Medicare Advantage challenges let to net income dropping to $1.11 billion from $2.14 billion. It also cut its earnings forecast for 2024 to at least $7 from at least $8.30.

Earnings are the common time to get in on a stock. However, there are plenty opportunities AFTER earnings to make profits as well. Our Lead Technical Tactician Nate Bear follows what he calls the "post-earnings surge" pattern which provides him ample opportunities to trade multiple winners on just one stock. Nate has a 87.5% win rate with this strategy in 2024.

Click here to see how Nate trades these gap ups after an earnings surprise.

Skyworks Solutions (Nasdaq: SWKS)

Skyworks is down 15.09% in premarket trading after reporting second-quarter revenue of $1.05 billion, which was within the company's target range of $1.02 billion to $1.07 billion. But CEO Liam Griffin said the company in its second quarter saw "below normal trends" in its mobile phone business "with lower-than-expected end market demand." Now it sees revenue of $900 million, below consensus of $1.02 billion.

Discover the 3-Minute Secret to Wealth

Alexander Green reveals how a 3-minute discussion transformed his investment strategy and wealth... top gains of 227% in 22 days... 754% in 60 days... 439% in 90 days... and even 1,163% in 100 days.

Click to discover what he learned.

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