Good Morning Wake-Up Watchlisters! While you're sipping coffee you'll see stock futures advanced on Thursday as more corporate earnings pour in and Fed news eases markets. Yesterday Federal Reserve Chairman Jerome Powell ruled out any interest rate hikes for the forseeable future despite stubborn inflation rates. Yesterday our Head Trading Tactician Bryan Bottarelli took advantage of the "JPow pop" in The War Room. He closed two winning trades, including a 13.94% gain on FSLY in less than 1 trading day and a 9.63% gain on UPWK in 1 trading day. Click here to see how Bryan closes trades for gains in less than 24 hours in The War Room. Here's a look at the top-moving stocks this morning. Carvana (NYSE: CVNA) Carvana is up 37.38% in premarket trading after the online car retailer slayed its earnings. It sold 91,878 vehicles retail, or 16% more year on year. Shares came in 32% higher at $114.70 and revenue was at $3.06 billion, up 17% from a year ago. The stock had been consolidating since March, but now it's set to shoot higher. Qualcomm Incorporated (Nasdaq: QCOM) Qualcomm is up 5.11% in premarket after posting strong earnings due to diversification efforts paying off. The San Diego-based company recorded additional QCT Automotive revenues for the third consecutive quarter. It also earned an adjusted $2.44 a share on sales of $9.39 billion in the quarter ending March 24. |
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