Good Morning Wake-Up Watchlisters! While you're sipping coffee you'll see stock futures were mixed on Friday after big-name tech stocks declined yesterday. Today is shaping up to be a big one for some of the largest U.S. banks as several will report earnings before the opening bell (more on that below). With earnings season underway, we have winning strategies no matter which direction stocks go in The War Room. Our Head Trading Tactician Bryan Bottarelli uses "overnight trades" for potential profits if a stock goes up or down. Click here to see how you could double your money overnight with this strategy. Here's a look at the top-moving stocks this morning. Wells Fargo (NYSE: WFC) Wells Fargo is down 5.92% in premarket trading after its second-quarter profit declined. The bank had to give out more money to keep deposits amid intense competition for customers' money. Overall, the bank's net interest income (NII) slid 9% to $11.92 billion in the second quarter. Tesla, Inc. (Nasdaq: TSLA) Tesla is down 2.07% in premarket trading after Bloomberg reported that the electric vehicle (EV) giant is postponing the unveiling of its Robotaxi by two months. The robotaxi launch has been rescheduled to October after it was originally scheduled for August. UBS also downgraded TSLA stock to sell with a 197 price target, citing the surging premium for non-auto operations or bets. |
No comments:
Post a Comment