Tuesday, July 16, 2024

Matchmakers...

Trade of the Day Wake-Up Watchlist

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Good Morning Wake-Up Watchlisters! While you're sipping iced coffee with extra ice you'll see stock futures were mixed on Tuesday ahead of the opening bell. Investors will be looking at retail sales data for new insights into inflation and a possible upcoming interest rate cut. Fed Chair Jerome Powell said Monday that inflation is approaching the central bank's 2% goal based on second-quarter economic data.

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

Match Group (Nasdaq: MTCH)

Match Group is up 7.71% in premarket trading after reports that Starboard Value has become the latest activist investor in the online dating firm. Starboard amassed a 6.5% stake, and there are at least two other activist investors in Match, including Elliott Investment Management and Anson.

 

10x Genomics (Nasdaq: TXG)

10x Genomics is up 3.46% in premarket trading due to recent high trading volume. Also, there was a recent announcement that its Xenium In Situ platform was used in a study published in the Journal of Dental Research. The study offered new insights into cellular mechanisms regulating the formation of the secondary palate.

Artificial intelligence and game-changing tech stocks like 10x Genomics and Nvidia are becoming more prevalent in the news over the last few years.

Click here to discover Oxford Club's Chief Investment Strategist Alexander Green's "Next Magnificent Seven" AI stocks.

 

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Bank of America Corporation (NYSE: BAC)

Bank of America Corporation is up 2.05% in premarket trading despite its profit falling in the second quarter. However, a better-than-expected forecast for fourth-quarter net interest income (NII) was the reason for its premarket boost.

Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team

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