Thursday, June 27, 2024

Paper Premarket Move Maker

Trade of the Day Wake-Up Watchlist

Good Morning Wake-Up Watchlisters! Spoiler alert: Today's top moving premarket stock is a paper company (and no, it's not Dunder Mifflin). Below you'll see the indexes fell on Thursday after several mixed quarterly results weakened sentiment. Bank stocks got some attention after the Federal Reserve said the top firms could handle a recession. Now, focus will shift to new inflation data tomorrow that should clue investors in on interest rate cuts later this year.

No matter what the Fed or inflation data says, we know how to make winning trades in The War Room. Yesterday our Head Trading Tactician Bryan Bottarelli closed an 83% overnight winner on GIS, a stock that went actually went DOWN in premarket trading.

Click here to see how Bryan's overnight strategy works even if a stock goes down.

 

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

International Paper Company (NYSE: IP)

International Paper Company is down 15.04% in premarket trading after the Brazilian company Suzano said it terminated a deal to acquire the Memphis paper maker. Meanwhile, IP said earlier this week its has a pending acqusition of U.K. Packaging company DS Smith for more than $7 billion.

 

Levi Strauss (NYSE: LEVI)

Levi Strauss is down 14% in premarket trading after posting less-than-stellar second quarter revenue. While its revenue rose 8% to $1.44 billion, it slightly missed estimates of $1.45 billion. Revenue in the Americas surged 17% to $712.2 million and the company confirmed it expects fiscal-year revenue growth of 1% to 3%.

Our Head Trading Tactician Bryan Bottarelli is on a hot streak. Yesterday he got positioned on LEVI in The War Room.

Don't miss Bryan's next overnight winner. Click here to join The War Room today.

 

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Micron Technology (Nasdaq: MU)

Micron Technology is down 5.6% in premarket trading. The dip came after the chipmaker reported revenue guidance for the fourth quarter that only matched expectations. Micron earned 62 cents per share on an adjusted basis in the quarter, which was better than forecasts of 48 cents. Nvidia and Advanced Micro Devices also declined.

Blackberry (NYSE: BB)

Blackberry is up 9.05% in premarket trading after the cybersecurity company reported a loss of 3 cents per share. The loss was down from the company's previous loss of 6 cents per share a year earlier. Right now the company is on track to be profitable by the fourth quarter.

While earnings winners can often lead to winning trades, the truth is it's hard to predict which direction a stock will go after earnings. That's why our Lead Technical Tactician Nate Bear doesn't take the risk. Instead, he focuses on a "post-earnings surge" pattern that allows him to trade one stock over and over again for maximum potential gain.

Click here to see why Nate has an 80% win rate using this strategy and start getting his post-earnings surge picks today.

Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team

See How to Claim a Free Year
 

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