Good Morning Wake-Up Watchlisters! While you're sipping coffee you'll see stock futures were up on Wednesday after the latest labor data improved expectations of an interest rate cut by the Federal Reserve. The data showed slower economic growth, which was congruent with Monday's data showing US manufacturing activity had slowed. While trading the markets is our bread and butter at Monument Traders Alliance, we also believe it's important to consider other investment options outside traditional stocks. Our friend and Chief Income Strategist at Oxford Club Marc Lichtenfeld has an alternative investment that could hand you big monthly income – and it's not a stock, bond or private company. Click here to receive Marc's No. 1 pick for 2024. Here's a look at the top-moving stocks this morning. Hewlett Packard Enterprise (Nasdaq: HPE) Hewlett Packard is up 13.47% in premarket trading after raising its 2024 outlook following a second-quarter earnings beat due to high demand for its AI servers. The company said it's benefiting from less supply restrictions from Nvidia's chips. Its earnings came in at $0.42 per share, which beat the Zacks Consensus Estimate of $0.38 per share. The quarterly report represents an earnings surprise of 10.53%. Tech companies have been focusing on AI to build infrastructure, and there's a little-known AI startup that has the potential to dominate the $25.6 trillion per year AI market. Click here to discover "Nvidia's Secret Partner" and how you can get in today. Crowdstrike Holdings (Nasdaq: CRWD) Crowdstrike Holdings is up 10.15% in premarket trading after the cybersecurity company reported second-quarter revenue that was above market estimates on Tuesday. The company cited strong demand for its cybersecruity services in the midst of growing online challenges. |
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