Warren Buffett Reveals $4.1 Billion Stake in This Company
Good morning Wake-Up Watchlisters! While you’re sipping coffee you’ll see stock futures got a boost on Tuesday. Bulls were putting money back into global markets due to easing Sino-US tensions and growing confidence the Federal Reserve will slow rate hikes. Chinese technology stocks were also among the top contributors to gains (more on that below).
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Here’s a look at the top moving stocks this morning.
Taiwan Semiconductor Company (NYSE: TSM)
Taiwan Semiconductor Company is up 9.89% premarket after it was revealed Warren Buffett has a $4.1 billion Berkshire Hathaway Stake. The world’s biggest chipmaker posted its strongest quarterly profits in two years last month, with net profits of $280.9 billion on revenues of $20.23 billion.
Walmart (NYSE: WMT)
Walmart is up 6.75% after crushing earnings. Total third-quarter revenue rose 8.7% to $152.81 billion, beating analysts’ estimates of $147.75 billion, according to Refinitiv IBES data. Walmart enters the holiday quarter with inventories valued at nearly $65 billion, which is up from $60 billion three months ago.
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Azenta, Inc. (Nasdaq: AZTA)
Azenta is up 33.73% premarket after reporting financial results for the fourth quarter. The company delivered strong revenue of $138 million, plus revealed a plan to repurchase at least $1 billion of common stock over the coming year. Including a $500 million accelerated share repurchase program.
Shoals Technologies Group, Inc. (Nasdaq: SHLS)
Shoals Technologies Group is up 17.31% premarket after its latest earnings report. The solar energy equipment supplier posted revenues of $90.82 million for the quarter ending in September 2022, surpassing the Zacks Consensus Estimate of 9.53%. This quarterly report represents an earnings surprise of 25%.
More and more countries are going to seek new forms of energy – especially due to Russia President Vladimir Putin’s latest blunder with Europe.
Exela Technologies (Nasdaq: XELA)
Exela Technologies is down 22.36% premarket after coming out with a quarterly loss of $0.46 per share. This compares to a loss of $4.60 per share a year ago. This quarterly report represents an earnings surprise of -119.57%. Overall, the automation company has not been able to beat consensus revenue estimates over the last four quarters.
Those are the top market movers today.
Happy trading!
The Wake-Up Watchlist Research Team
