Thursday, May 9, 2024

Plant-Based Meat Provider Craters 13%

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 down on Thursday. Earnings season is winding down, and investors are looking at new data for clues on how to gauge potential interest rate cuts. U.S. initial jobless claims will be another focal point for investors seeking more evidence that the labor market is finally softening.

The truth is these fluctuating markets have nothing on us in The War Room. Yesterday our Head Trading Tactician Bryan Bottarelli closed a monster 206.74% overnight winner on TRIP.

Don't miss out on Bryan's next big overnight trade. Click here to join The War Room today.

 

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

Beyond Meat, Inc. (Nasdaq: BYND)

Beyond Meat is down 13.15% in premarket trading after posting a Q1 loss. The alternative meat company reported an earnings surprise of -5.88% and a loss of $0.72 per share versus the Zacks Consensus Estimate of $0.68. It cited weakened demand in the plant-based meat category as the main reason for the drop.

Yesterday our Head Trading Tactician Bryan Bottarelli got positioned on BYND in The War Room.

Click here to see how Bryan's overnight trading strategy could double your money while you sleep.

 

Robinhood Markets (Nasdaq: HOOD)

Robinhood Markets is up 4.37% in premarket after posting its second straight quarterly profit on Wednesday. Cryptocurrency and higher interest rates fueled growth, with crypto revenue surging 232% to $126 million. Net revenue also climbed 40% to $618 million.

Our Lead Fundamental Tactician just announced his latest play in the cryptocurrency sector in Catalyst Cash-Outs - and it's not a meme coin or even bitcoin.

Click here to see how Karim is playing the aftermath from the Bitcoin Halving Event.

 

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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AppLovin (Nasdaq: APP)

AppLovin is up 15.30% in premarket after its latest earnings report. The app-monetization company posted first-quarter revenue of $1.06 billion, which was up 48% from a year earlier and better than estimates of $974 million. It also increased guidance for the second quarter.

Arm Holdings (Nasdaq: ARM)

Arm Holdings is down 8.90% in premarket trading despite topping fourth-quarter earnings estimate. The chip company posted $928 million in reveue and net income of $224 million. However, despite high demand for its AI products, the company's guidance for fiscal 2025 missed analysts' expectations. The company said it anticipates its full-year revenue for fiscal 2025 to be between $3.8 billion and $4.1 billion, which is short of the average $4.03 billion expected.

Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team

We Could Be Less Than 3 Months Away From an AI Super-Event

According to one of the world's top AI scientists, there's a major event coming in as little as three months that could cause expensive tech stocks like Microsoft, Google and Nvidia to double or triple in price in the following months. But whatever you do, don't go all-in on Big Tech before you have all the details. Click here.

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