Resilient Customers Propel This Stock

Good morning Wake-Up Watchlisters! While you’re sipping coffee you’ll see stock futures rose on Friday but headed towards weekly losses overall. Mixed retail earnings and the never-ending chorus of hawkish Fedspeak played a role in the volatility. As inflation remains high and people begin to spend money for the holidays, that drumbeat should continue.

As the markets shake out weakness, it’s important to consider alternative investments at this time. That’s why our Head Fundamental Tactician Karim Rahemtulla is helping investors protect their assets and thrive in these rough financial times. Right now he’s showing how a $3 alternative investment could help those who’ve lost money in 2022.

Click here to discover that unique $3 strategy.

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

PaxMedica, Inc. (Nasdaq: PXMD)

Paxmedica is up 45.16% premarket after the company entered into a equity investment agreement for up to $20 million with Lincoln Park Capital. The clinical stage biopharmaceutical company has the right to sell its shares for up to $20 million to Lincoln Park over a 30-month period.

StoneCo Ltd. (Nasdaq: STNE)

StoneCo Ltd is up 20.16% premarket after coming up with quarterly earnings of $0.10 per share, beating the Zacks Consensus Estimate of $0.06 per share. This quarterly report represents and earnings surprise of 66.67%. Overall, the financial technology company posted revenues of $478.88 million, which is almost double compared to year-ago revenues of $281.2 million.

Ross Stores (Nasdaq: ROST)

Ross Stores is up 17.23% premarket after the retailer raised guidance for the fourth-quarter. Despite inflationary pressures, Ross also reported third-quarter earnings that topped analyst estimates. It came out with earnings of $1 per share, beating the Zacks Consensus Estimate of $0.81 per share, and represented an earnings surprise of 23.46%.

Knowing when to get in and out of a stock is what we help members do in The War Room. One of our top strategies is this ‘Perfect Timing Pattern’ that helps investors improve their accuracy when getting in and out of a trade. We have a 76% win rate in 2022 and right now we’re guaranteeing members receive 252 winning trades in their first 12 months of membership.

Click here to unlock the War Room.

Foot Locker (NYSE: FL)

Foot Locker is up 17.27% premarket after the athletic footwear company beat earnings expectations. It was a surprise increase in same-store sales that caused the boost. The company also boosted its full-year outlook, citing ‘strong’ demand from ‘resilient’ customers. The stock has gained 3.2% over the past three months through Thursday.

Do you know how to follow the money to profits?

In today’s tough markets, getting an edge is even more important. Our Head Fundamental Tactician Karim Rahemtulla uses strategy proven to help investors make gains of up to 2,250% in just over two weeks.

Click here to check out the Insider Matrix.

Those are the top market movers today.

Happy trading!

The Wake-Up Watchlist Research Team