Sports Betting Company Pops 8%

Good morning Wake-Up Watchlisters! While you’re sipping coffee you’ll see stock futures fell on Friday. The latest dip came after hawkish comments from Federal Reserve officials that ramped up investors’ expectations of higher interest rates. Investors now predict the federal funds rate will climb past 5.2% in July, according to trading in the US money markets.

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

Draftkings Inc. (Nasdaq: DKNG)

Draftkings is up 8.31% premarket after posting revenue of $855.1 million for the fourth quarter. This was higher than the average analyst estimate of $798.6 million. The online sports betting company also raised its 2023 revenue guidance range. It now expects full-year revenues to come between $2.85-$3.05 billion versus a projected $2.8-$3 billion.

War Room members were delighted to see this move as we’re currently positioned on Draftkings.

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DoorDash, Inc. (NYSE: DASH)

DoorDash is up 6.43% premarket after giving investors some positive news. Revenue came in at $1.82 billion versus the estimate of $1.77 billion. The company also reauthorized a $750 million stock buyback. Lastly, it announced new President, Prabir Adarkar, will be starting his new role in March.

Hubspot (Nasdaq: HUBS)

Hubspot is up 13% premarket after the software company reported an adjusted per-share profit well above Wall Street expectations for its fourth quarter. It said it “stepped up to the challenging macroeconomic conditions that emerged in 2022.” Revenue rose 27% to $469.7 million, including subscription revenue of $458.2 million.

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Deere & Company (NYSE: DE)

Deere is up 3.48% premarket. The construction and forestry equipment company reported fiscal first-quarter profit and revenue that beat expectations by wide margins, with all segments seeing both higher shipment volumes and higher pricing.

Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team

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