Friday, July 12, 2024

Bank Income Slide...

Trade of the Day Wake-Up Watchlist

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.

 

Set Your Alarm for 4:01 P.M.

4:01
 

When the closing bell rings... most traders end their day...

But ONE group makes one simple trade AFTER 4 p.m...

For a chance at overnight gains as high as 157%.

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AT&T Inc. (NYSE: T)

AT&T is down 2.76% in premarket trading after reports that 109 million customer accounts containing records of calls and texts from 2022 were illegally downloaded in April.

The U.S. telecom company said the FBI is currently investigating and at least one person has been arrested after AT&T call logs were copied from its workspace on a third-party cloud platform.

Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team

JOLTS OVERNIGHT TRADE DEMONSTRATION

115% Average Gain
 

Every Time the Government Releases Jobs Data... Make This Trade the Night Before!

(Target up to 253%... 327%... Even 383% gains... OVERNIGHT!)

Next JOLTS Trade Tuesday, July 16 at 2 pm!

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