Good morning Wake-up Watchlisters! While you’re sipping coffee you’ll see stock futures rose on Tuesday as Chinese data signaled an economic rebound. Chinese shares were up after data showing consumer spending helped China’s economy grow at a faster pace than expected last quarter. There’s also hope that the current rate-rise cycle is winding down.

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

Chegg, Inc. (NYSE: CHGG)

Chegg is up 5.57% premarket after announcing the launch of CheggMate, an AI companion for studying built with Chat GPT-4. With CheggMate, students can ask new questions, get clarifications in different formats and drill down into concepts they don’t understand. Chat GPT-4 is current OpenAI’s most advanced model.

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Johnson & Johnson (NYSE: JNJ)

Johnson & Johnson is up 2.20% premarket after raising its annual profit forecast on cancer drug strength. It’s betting on its newer cancer treatments and multiple myeloma drug Darzalex to hopefully help declining sales on other drugs. Its goal is to generate $60 billion in drug sales by 2025.

Bed, Bath & Beyond (Nasdaq: BBBY)

Bed, Bath & Beyond is up 12.82% premarket. The stock tumbled 22.6% in three days to Friday, after the company disclosed the sale of more than 100 million shares for about $48.5 million in proceeds. The company could sell up to $300 million worth of stock, under the program. The stock has plummeted 88.8% year to date through Monday.

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Bank of America (NYSE: BAC)

Bank of America is up 2.73% premarket after its profit rose due to rising interest rates. The bank was just another beneficiary of the first quarter profit windfall as it earned more from customers’ interest payments while the Federal Reserve raised borrowing costs. The company’s net income rose to $7.66 billion, or 94 cents per share, for the three months ending March 31.

Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team