Friday, June 28, 2024

Shoe Company Falls

Trade of the Day Wake-Up Watchlist

Good Morning Wake-Up Watchlisters! Lace up your Jordan's, because there's a shoe company among the top moving stocks this morning. Below you'll see indexes were up after the Biden-Trump debate on Thursday. With Trump viewed as the winner, investors are anticipating a Trump presidency would mean lower corporate taxes and tougher trade relations.

While the news like presidential debates can sway the markets, our Lead Technical Tactician Nate Bear is only focused one thing – chart patterns. Earlier this week Nate did a behind-the-scenes demo of his top secret trading tool – SAM – to show members how he finds A+ chart setups to trade on.

Click here to watch the full replay and see how Nate's secret trading weapon works.

 

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

Nike (NYSE: NKE)

Nike is down 14.65% in premarket trading after the shoe company forecasted a surprise drop in annual sales. It expects a mid-single-digit percentage fall in 2025 fiscal revenue, which was lower than analysts' estimates of a near 1% rise.

Yesterday our Head Trading Tactician Bryan Bottarelli made a trade on NKE in The War Room. Brian has been on fire with his overnight trading this week. Over the last 2 days, he's closed an 83% winner on GIS and a 33% winner on LEVI, all in less than 24 hours.

What are you waiting for? Click here to get Bryan's next overnight trade in The War Room.

 

Trump Media & Technology Group Corp. (Nasdaq: DJT)

Trump Media & Technology Group is up 10.62% in premarket trading after polls showed two-thirds of voters thought Trump 'won' the debate. DJT has been down overall in recent weeks as the presidential race plays out and the company filed for a resale of the stock.

 

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Infinera Corporation (Nasdaq: INFN)

Infinera is up 18.82% in premarket trading. The boost came after Finland's Nokia company reached an agreement to buy the optical telecom equipment maker for $6.65 a share, or $2.3 billion.

Accolade Inc. (Nasdaq: ACCD)

Accolade is down 25% in premarket trading after the company's guidance for its fiscal second quarter missed analysts' expectations. The health technology company said it expects an adjusted loss of $8 million to $10 million, which is below forecasts calling for a loss of $5.9 million.

Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team

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