Good morning Wake-up Watchlisters! While you’re sipping coffee you’ll see stock futures dipped on Wednesday as traders assessed the latest corporate earnings reports against the backdrop of yet another hot inflation print. The Stoxx Europe 600 Index slipped about 0.3% with the technology sector leading the decline. Amid continuing hawkish talk from policy makers, investors are monitoring earnings reports for signs of how central banks’ attempts to stifle inflation are affecting the economy.

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

Western Alliance Bancorporation (NYSE: WAL)

Western Alliance Bancorporation is up 15.07% premarket after announcing its deposits rose by $2 billion since the end of the first quarter and its percentage deposits insured by the FDIC increased to 73%. Western was one of the banks that came under intense scrutiny following the seizures of Silicon Valley Bank and Signature Bank. The stock was the 40th largest bank in the US at the end of 2022, and is down more than 45% to star the year.

Intuitive Surgical (Nasdaq: ISRG)

Intuitive Surgical is up 7.08% premarket after beating estimates for first-quarter sales on Tuesday as the surgical robot maker recorded a rise in total procedure volumes. The company reported quarterly sales of $1.70 billion, beating analysts’ estimates of $1.60 billion. As pandemic-induced staffing shortages ease, the healthcare industry sees a recovery in medical procedures that could help boost demand of surgical devices in the United States.

Netflix (Nasdaq: NFLX)

Netflix is down 1.34% premarket after its first-quarter earnings weren’t up to par. Revenue and subscriber growth came in lower than expected. The streaming company said earlier this year that it will no longer provide specific guidance on new subscribers adding only that it sees “modest” increase additions. More data is expected to be released regarding its recently-adopted strategy of paid sharing – which allows users to share a single password for an extra monthly fee and if that policy is adding any revenue.

ASML Holding (Nasdaq: ASML)

ASML is down 2.51% premarket due to growing concerns about chip market outlook. Chief Executive Officer Peter Wennink said in the company’s earnings report that, despite mixed signals from the market, the overall demand still exceeds the company’s capacity for this year and it currently has a backlog of over $42.6 billion.

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Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team