Wednesday, May 29, 2024

Sporting Goods Retailer Pops 7%

Trade of the Day Wake-Up Watchlist

Attention Traders: Our tacticians Bryan and Karim have an exciting announcement. Next week they're opening up The War Room for FREE for 5 straight trading days. It's part of their War Room Open House event, and with more than 347 companies reporting earnings, there will be ample opportunity for profit-inducing trades.

Click here to sign up for free today.

Good Morning Wake-Up Watchlisters! While you're sipping coffee you'll see stock futures were down on Wednesday as interest rate worries persist. Traders entered 2024 expecting a rate reduction by at least March, but stubborn inflation and hawkish comments from central bankers now has them confident in a 25 point rate cut by November or December.

When markets fluctuate, it's important to consider where insiders are putting their money. Yesterday Bryan and Karim opened a trade in Catalyst Cash-Outs based on one of Karim's favorite catalysts - insider buying. So far they have a 80% win rate with all their catalyst trades in 2024.

Click here to get that trade and start joining Bryan and Karim live every week.

 

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

Dick's Sporting Goods (NYSE: DKS)

Dick's Sporting Goods is up 7.51% in premarket trading after its latest earnings report. The sporting goods company raised guidance for 2024 for comparable sales growth to a range of 2.0% to 3.0%, which was up from 1.0% to 2.0% previously. It also delivered 5.3% comparable sales growth, driven by growth in transactions and average ticket.

Earnings season presents many trade opportunities, but that's truth is it's just the beginning. Our Lead Technical Tactician Nate Bear focuses on the post-earnings surge where he trades ONE TICKER over and over again AFTER earnings for maximum potential gains. Nate has 79% win rate with this service in 2024 and last week he closed a 47.83% winner on NTAP in 2 trading days.

Click here to see how the post-earnings surge pattern could lead to gains as high as 2,614% in under 11 days.

 

Marathon Oil Corporation (NYSE: MRO)

Marathon Oil is up 4.69% in premarket trading amid advanced talks that ConocoPhillips is in talks to acquire the energy company. Marathon is almost entirely focused in the US and Concoco's acquisition would increase its footprint in domestic fields from Texas to North Dakota.

 

FREE War Room Open House!

Open House
 

Have you ever wondered how members had the chance to make 188% gains on FedEx overnight?

Or 121% gains on Walmart in just over an hour?

Now you can find out for yourself...

Click here to see how to join us for our one-week FREE PREVIEW. (No Credit Card... No B.S.)

American Airlines Group (Nasdaq: AAL)

American Airlines is down 8.41% in premarket trading after the company lowered its forecast for second-quarter earnings per share to between $1.00 to $1.15 a share. Total revenue per available seat mile is also now expected to fall by 5% to 6%. The firm also announced the departure of Chief Commercial Officer Vasu Raja, who will officially depart in June.

CAVA Group (NYSE: CAVA)

CAVA group is down 4.34% in premarket trading after the company announced it expects to report lower 1Q year-over-year traffic as shoppers become more cautious about spending.

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

Click here to unlock that trade.

Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team

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.

No comments:

Post a Comment

Let's pick up where we left off

There is an issue with your MarketBeat account I wanted to help you address. Let's get it fixed. ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ...