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– Ryan Fitzwater, Associate Publisher
Good morning Wake-Up Watchlisters! While you’re dumping domino sugar packets into your black coffee you’ll see stock futures rose Wednesday. Some anxiety over US-China ties eased as US House Speaker Nancy Pelosi completed a trip to Taiwan. Still, investors face a host of worries including inflation and how the central banks response could further hobble global growth.
It’s no secret we’re in a bear market right now, which is why we want you to know about this. Our friend Marc Lichtenfeld’s is hosting a special FREE training that shows investors how they can actually make more money in a bear market than a bull market. The event is called ‘Project 9’ and it will show you how to play powerful ‘micro-bounces’ in falling stocks that could 6x your money in just one month.
Here’s a look at the top-moving stocks this morning.
Paypal (Nasdaq: PYPL)
Paypal is up 11.59% premarket after activist investor Elliott Investment Management became one of its largest shareholders. Plus, recent cost cutting measures will result in savings of $900 million this year and $1.3 billion next year. Paypal also announced its board authorized a new $15 billion share-repurchase program.
We recently positioned ourselves on PayPal in The War Room. This is the power of playing earnings reports, which we show members how to do in real-time.
Match Group (Nasdaq: MTCH)
Match Group is down 22.27% premarket after Tinder chief executive Renate Nyborg left the dating app less than a year after taking over as boss of the platform. The departure also comes after Match reported quarterly financial results that were below expectations.
Alteryx Inc. (NYSE: AYX)
Alteryx is up 11.33% premarket after the data analytics company reported strong sales growth for the second quarter. The company’s stock closed Tuesday’s session up 4.2% at $50.57. Its second quarter revenue was $180.6 million, an increase of 50% compared to a year ago.
Every Wednesday, we look to take advantage of a market phenomenon that has helped our members make gains of 340% in just one day. This simple strategy works if you have a big or small account and you can repeat it easily.
Cognex (Nasdaq: CGNX)
Cognex is down 12.57% premarket after the electronics-testing company lagged in earnings. It came in at $0.41 per share, missing the Zacks Consensus Estimate of $0.42 per share. The quarterly report represents an earnings surprise of -2.38%. Last quarter, it was expected that this company would post earnings of $0.39 per share when it actually produced earnings of $0.42.
Innovative electronics and technology often present some of the best investing opportunities. Our friend Alexander Green wants readers to know about this breakthrough medical technology that’s being dubbed ‘humanity’s next big leap.’
Those are the top market movers today.
The Wake-Up Watchlist Research Team