Good morning Wake-Up Watchlisters! While you’re sipping coffee you’ll see stock futures were little changed as traders awaited more data on the outlook for rate hikes. Although inflation remains too high, investors have been encouraged by strong retail sales in January and homebuilder sentiment is also rising in February.

Urgent: Trade tensions between the United States and China are being felt across the tech sector. Yesterday Taiwan Semiconductors (TSMC) saw its stock drop after it was revealed Warren Buffett (who’s known for holding onto stocks) sold his 60 million shares. And today the China commerce ministry put new sanctions on Lockheed Martin and Raytheon Technologies over arms deal with Taiwan.

Click here to see why this chipmaker could increase its revenue by over $800 million due to ongoing tensions with China.

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

Shopify, Inc. (NYSE: SHOP)

Shopify is down 10.47% premarket after reporting revenue that topped expectations but its 2023 guidance fell short. Revenue in the fourth quarter rose 26% to $1.7 billion, the company said. For the full-year 2023, the company predicted “high teens” revenue growth. Analysts had projects more than 20% revenue growth.

Roku, Inc. (Nasdaq: ROKU)

Roku is up 12.62% premarket after net revenue forecast of $700 million came in above analyst expectations of $687.1 million. Net revenue of $867.1 million came in above expectations of $804.5 million. The company added $4.6 million during its latest quarter.

Cisco Systems (Nasdaq: CSCO)

Cisco Systems is up 3.14% premarket after third quarter revenue guidance came in above Wall Street expectations. It predicts revenue up 11% to 13% year-over-year. Its second-quarter earnings per share of 88 cents beat estimates of 85 cents while $13.6 billion ins ales came in line with expectations of $13.6 billion.

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QuantumScape Corporation (NYSE: QS)

QuantumScape is down 10.98% premarket. The stock’s 7-week rise came to an end despite a small fourth quarter loss. The developer of advanced batteries reported it lost $109 million, or 25 cents a share, in the fourth quarter. The stock had been on the rise, rising from an all-time low of $5.11 to $11.84 on Wednesday, its highest level since mid-September. To be fair, there had been little news to support the recent jump besides a late December announcement that the company shipped some prototype battery cells to automotive companies for testing.

With auto companies contiuing to develop their electric vehicles, our friend Andy Snyder wants you to know about an up-and-coming EV company. Its car goes from zero-to-60 in 2.5 seconds and features a 1,080 horsepower engine – yet it’s 100% electric.

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Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team