Good morning Wake-Up Watchlisters! While you’re sipping your coffee you’ll see stock futures moved lower Thursday after markets rallied in the previous session following the Federal Reserve’s latest rate hike. Investors are looking ahead to results from Apple, Amazon, Intel and Comcast today.
With so many S&P 500 companies reporting earnings this week, it’s important to play market rallies to your advantage. We’ve seen our readers make simple five-minute trades that led to gains of 101%, 121% and even 178% in less than 18 hours!
Here’s a look at the top-moving stocks this morning.
Teladoc Health (NYSE: TDOC)
Teladoc Health is down 24.82% premarket after the remote healthcare company posted wider-than-expected quarterly losses after a $3 billion impairment charge. The company had a $3.1 billion second-quarter loss, which included the charge. Last year, Teladoc reported a loss of 86 cents a share.
Sun Run (Nasdaq: RUN)
Sun Run is up 11.81% premarket after Sen. Joe Manchin said he supported a spending package that includes funding for energy and climate programs. Other solar companies such as Plug Power, First Solar, ChargePoint Holdings Inc., and Enphase Energy also saw stock increases after the news.
When it comes to trading in innovative sectors, all it takes is one or two winners to change your entire portfolio. Our friend Alexander Green talks about what he’s calling the ‘Single-Stock Retirement Play’ in his latest presentation.
Royal Gold (Nasdaq: RGLD)
Royal Gold is up 6.84% premarket. The market expects the company to deliver a year-over-year decline in earnings when it reports results for the quarter ending June 2022. However, the stock might continue to move higher if these key numbers top expectations. The earnings report is expected to be released on August 3rd.
There’s another upcoming announcement on August 4th that could send a $2 value stock soaring. We’ve been following this company since the beginning of 2022 and it has a foothold in many sectors we like. We’re calling it ‘The Last Great Value Stock’ and right now you can get in on it for cheap.
Etsy (Nasdaq: ETSY)
Etsy is up 7.12% premarket after the company reported second-quarter earnings that beat on the top and bottom lines. The company recorded EPS of $0.51 on revenue of $585 million. CEO Josh Silverman credited the ‘marketplace transaction fee increase and the strength our Etsy Ad product’ as the reason for revenue growth.
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When it comes to trading in a bear market, you need to be aggressive but also disciplined. Our Head Fundamental Tactician Karim Rahemtulla shares his very specific formula for trading that he calls ‘The Perfect Bear Market Strategy.’ You won’t want to miss this article.
Those are the top market movers today.
The Wake-Up Watchlist Research Team