Too Many Squishmallows...

Five Below sees a 15% drop in premarket trading after overstock hurts revenue.‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

Good Morning Wake-Up Watchlisters! While you're sipping coffee you'll see stock futures were mixed on Thursday after rallying to record highs on Wednesday. Chipmaker Nvidia pushed the S&P and the Nasdaq to new heights after it became the third company to receive a $3 trillion or more market valuation. Investors also priced in more rate cuts for the sixth day in a row. While Nvidia continues to dominate the headlines, most people are missing out on an even bigger story. The public doesn't know about this – but Nvidia has a secret partner that's just a fraction of the chipmaker's size. Yet - its new technology solves one of the biggest problems the tech group is facing. Click here to see why this AI startup is poised to dominate the potential $25.6 trillion per year AI market. Here's a look at the top-moving stocks this morning. Five Below (Nasdaq: FIVE) Five Below is down 15.76% in premarket trading due to an overstock of Squishmallows, which hurt revenue numbers. The company came out with quarterly earnings of $0.60 per share, missing the Zacks Conensus Estimate of $0.62 per sahre. The quarterly report represented an earnings surprise of -3.23%. Semtech Corporation (Nasdaq: SMTC) Semtech Corporation is up 8.82% in premarket trading after reporting $206.11 million in revenue for the quarter. The semiconductor company said it expects second-quarter earnings per share of 9 cents, and sales of $212 million, which were ahead of Wall Street estimates of $210.2 million. Yesterday Our Head Trading Tactician Bryan Bottarelli got positioned on SMTC in The War Room. Click here to join our War Room Open House and unlock that trade for FREE. The AI Singularity Clock Is Ticking We've seen the dot-com crash... the housing bubble... and the COVID crash... but we've never seen anything like what's coming for artificial intelligence in as little as three months. It's called "the Singularity," and it refers to the exact millisecond when AI breaks free from its shackles to grow BILLIONS of times more powerful than humans. Click here to ensure you'll be on the right side of this historic event. Smartsheet Inc. (NYSE: SMAR) Smartsheet is up 14.74% in premarket trading after coming out with quarterly earnings of $0.32 per share, which beat the Zacks Consensus Estimate of $0.27 per share. The SaaS company also reported revenue of $262.98 million. Major software companies like Google, Microsoft and Apple have outperformed the markets 46 to 1 over the past 20 years. Now, Oxford Club's Chief Investment Strategist Alexander Green is releasing a new breakdown of what he's calling "The Next Magnificent Seven." These are seven stocks he believes could be the new outperformers going forward. Click here to unlock these "Magnificent Seven" stocks. Lululemon Athletica (Nasdaq: LULU) Lululemon Athletics is up 7.96% in premarket trading after the yoga pants maker announced it's raising its share buyback authorization by $1 billion. This was the second time in six months the company has boosted returns for shareholders. Novavax (Nasdaq: NVAX) Novavax is up 12.30% in premarket trading after the vaccine maker said it would be able to deliver a regular-reccomended vaccine against a strain of Covid-19 by early fall. The U.S. Food and Drug Administration's Vaccines and Related Biological Products Advistory Committee voted to recommend that Covid-19 vaccines be upated for the upcoming season. Those are the biggest stock movers for today. Happy trading! The Wake-Up Watchlist Research Team How a 3-Minute Chat with a Costco Manager Led to Incredible Gains What if a brief chat at a basketball game could lead to unimaginable wealth? That's what happened to Alexander Green... A short conversation led to 100-fold gains over his career. 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