Good morning Wake-Up Watchlisters! While you’re sipping coffee you’ll see stock futures fell on Wednesday. The markets were shaky after the predicted Republican sweep of the midterm elections failed to materialize. While the final results aren’t in yet, the Republican aim of controlling both houses is hanging by a thread.

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

Upstart Holdings, Inc. (UPST)

Upstart Holdings is down 25.63% premarket after the AI lending platform missed earnings. The company posted revenues of $157.23 million, which missed the Zacks Consensus Earnings Estimate by 8.41%. Upstart shares have lost about 87.7% since the beginning of the year versus the S&P 500’S decline of -20.1%.

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Kala Pharmaceuticals (Nasdaq: KALA)

Kala Pharmaceuticals is up 22.22% premarket after the company recently announced it’s planning to submit a new drug application with the U.S. Food and Drug Administration during the fourth quarter of 2022 for KPI-012 for the treatment of Persistent Corneal Epithelial Defect. Topline data for the drug is expected in the first quarter of 2024.

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Array Technologies (Nasdaq: ARRY)

Array Technologies is up 21.20% premarket after an earnings surprise of 50%. Last quarter, it was expected the company would post earnings of $0.04 per share when it actually produced earnings of $0.09, delivering a surprise of 125%. Overall, Array has added shares of about 1.6% since the beginning of the year.

Outset Medical (Nasdaq: OM)

Outset Medical is up 16.04% premarket after the company posted revenues of $27.76 million for the quarter ending September 2022, surpassing the Zacks Consensus Estimate by 9.51%. Overall, the stock has lost about 73.1% since the beginning of the year versus the S&P 500’s decline of -20.1%.

Those are the top market movers today.

Happy trading!

The Wake-Up Watchlist Research Team