Harley CFO Departs…

Good morning Wake-up Watchlisters! While you’re sipping coffee you’ll see stock futures ticked up on Thursday. After March’s selloff due to the banking crisis, Wall Street has traded in tight ranges as investors await the path for interest rates after strong jobs data and signs of cooling inflation.

With inflation going down, it’s possible the Federal Reserve could slow down its interest rate hikes. If this happens, you’ll want to hear about our Head Fundamental Tactician Karim Rahemtulla’s “Super Income” System. Right now he’s telling readers how they could grow their money as interest rates fall. But you’ll want to get in on this fast since the opportunity only lasts as long as inflation and interest rates remain at their current levels.

Click here to discover Karim’s Super Income system.

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

American Airlines (Nasdaq: AAL)

American Airlines is up 3.08% premarket but the stock tumbled in after hours trading. The airline reported in a regulatory filing that it anticipates first quarter earnings per share of between $0.01 and $0.05. That was above the previous outlook of approximately breakeven; however, it was below the $0.06 average estimate by analysts.

Delta Airlines (Nasdaq: DAL)

Delta Airlines is up 4.46% premarket ahead of the carrier’s first quarter after the closing bell. Analysts expect Delta to post an adjusted bottom line of 30 cents per share, a big profit swing from the $1.23 loss posted last year and largely within the carrier’s own forecast of between 15 and 20 cents a share. Group revenues are likely to rise 28% from last year to just under $12 billion.

When it comes to playing earnings, we have a special strategy we use in The War Room called overnight trading. This strategy allows members to make simple, 5-minute trades at the end of the day. It’s the closest thing we can think of for making money while you sleep.

Click here to learn how you could see gains as high as 178% from overnight trading.

Harley Davidson (NYSE: HOG)

Harley Davidson is down 3.64% premarket after the motorcycle maker said CFO Gina Goetter will leave the group to take a similar role at Hasbro. Goetter joined Harley Davidson in 2020. CEO Jochen Zeitz said the group would launch a formal search for her replacement, adding that treasurer David Viney would act as interim CFO during that process.

Merck & Co. (NYSE: MRK)

Merck & Co., Inc. is up 1.60% premarket after the FDA accepted for review a new supplemental Biologics License Application for KEYTRUDA, Merck’s anti-PD-1 therapy, for the first-line treatment of patients with locally advanced unresectable or metastatic gastric or gastroesophageal junction adenocarincoma. The acceptance was based on results from the Phase 3 KEYNOTE-859 trial, which showed significant overall survival benefit in these patients with HER2-negative disease, regardless of PD-L1 expression.

Alibaba Group Holding Limited (NYSE: BABA)

Alibaba Group Holding is up 1.29% premarket but shares moved firmly lower in after hours trading following a report that Japan’s SoftBank is preparing to sell most of its stake in the China-based e-commerce giant. According to The Financial Times of London, Softbank is looking to reduce its stake from 15% to around 3.8%. Softbank also slashed its stake in Alibaba last year, as well, as it raised cash to cover a $60 billion loss in its tech-focused vision fund.

China tech companies are looking to takeover a crucial area of the tech sector. The Atlantic reports that if they succeed, it would “significantly reduce American technological, economic and military advantages.”

Click here to learn about the U.S. semiconductor companies that are fighting back against China and how you could profit in the process.

Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team

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