Analytics Company Jumps 18%

Good morning Wake-Up Watchlisters! While you’re sipping coffee you’ll see stock futures crept up on Tuesday. A major inflation report comes out today, and it could redirect the markets and signal the Federal Reserve’s next step on interest rate hikes. If Wall Streets estimates are realized, it would mark an acceleration on inflation for January.

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

Palantir Technologies (NYSE: PLTR)

Palantir Technologies is up 18.13% premarket after announcing it was profitable for the first time after looking at earnings from the last quarter. The data analysis company expects 2023 to be its first-ever profitable year. Its stock was helped along by higher-than-anticipated revenue, fueled by growth in sales to governments, and lower costs related to stock compensation.

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ContextLogic Inc. (Nasdaq: WISH)

ContextLogic is up 8.18% premarket after a well-regarded investor known for shorting companies called the e-commerce stock the “most asymmetrical opportunity” on his radar. Shares jumped as high as 67.2% after the comments were released.

Mattel, Inc. (Nasdaq: MAT)

Mattel is up 7.43% premarket after the company announced its relaunching the popular cartoon dinosaur Barney for a reboot. The reimagined Barney will appear in film, television and other content, including a new animated series to come out in 2024.

Zillow Group (Nasdaq: ZG)

Zillow Group is up 4.12% premarket after a bullish note from Evercore analysts with tentative signs of a rapid housing recovery. There are some analysts that believe the first quarter could still be tough, but see brighter days ahead. Zillow is up 30% since January 1st, and the housing market could be turning around earlier than expected.

Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team

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