Good morning Wake-Up Watchlisters! While you’re sipping coffee you’ll see stock futures fell on Wednesday. Weak earnings guidance from Microsoft created a poor outlook for tech stocks and affected the broader market. Traders continue to plow through a weak earnings season, and Tesla, IBM and AT&T are set to report earnings today.

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

Intuitive Surgical (Nasdaq: ISRG)

Intuitive Surgical is down 8.91% premarket after the maker of surgical robotic systems missed earnings estimates. The company came out with quarterly earnings of $1.23 per share, missing the Zacks Consensus Estimate of $1.26 per share. This is an earnings surprise of -2.38%.

News Corporation (Nasdaq: NWS)

News Corporation is up 4.47% premarket after Media baron Rupert Murdoch announced he’s abandoning plans to merge Fox Corp and News Corp, the two media companies he controls. This came after backlash from T Rowe Price, the second largest shareholder in both companies, opposed the merger.

Canoo Inc. (Nasdaq: GOEV)

Canoo is up 16.54% premarket after the electric vehicle startup signed an exlcusive agreement with GCC Olayan (General Contracting Company) to distribute its electric vehicles in Saudi Arabia. GCC Olayan has been a distributor of premier brands in Saudi Arabia for more than 75 years and is the founding company of the global Olayan Group.

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F5, Inc. (Nasdaq: FFIV)

F5 Inc. is down 5.10% premarket after coming up short on earnings. The company, which belongs to the Zacks Internet – Software industry, posted revenues of $700.38 million for the quarter ending December 2022. Its revenue missed the Zacks Consensus Estimate by 0.03%. The company has surpassed earnings estimates three times over the last four quarters.

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Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team