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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