Streaming Company Surges 10% in premarket
Attention Traders: Bryan and Karim have a big announcement coming tomorrow. Keep an eye out for the email.
Good Morning Wake-Up Watchlisters! While you’re sipping coffee you’ll see stock futures were up on Wednesday. Optimism over the Federal Reserve’s expected interest rate cuts is a big reason why, with cuts hinted to start as early as March 2024. Also, recent earnings from major companies haven’t dampened market sentiment despite mixed results.
With earnings season in full swing, we’re already taking advantage in The War Room. Yesterday our Head Trading Tactician Bryan Bottarelli closed a 90% overnight winner on MMM and a 23% overnight winner on RTX.
Click here to see how Bryan’s overnight strategy could double your money in less than 24 hours.
Here’s a look at the top-moving stocks this morning.
Netflix (Nasdaq: NFLX)
Netflix is up 10.32% in premarket trading due to stronger-than-expected subscriber growth. In the fourth quarter of 2023, Netflix reported a 12.5% increase in revenue to $8.83 billion and an EPS of $2.11. This boost came from a substantial rise in global streaming memberships, with 13,120 thousand paid net memberships added, surpassing the average analyst estimate. The company also acquired the rights to start streaming live events for the WWE’s Raw – their first major move into live streaming.
Earnings day can often serve as a catalyst for a stock’s direction, but there are plenty more opportunities AFTER earnings for potential profit. Our Lead Technical Tactician Nate Bear focuses on what he calls the “post-earnings surge” in his latest service, Profit Surge Trader. Last week he closed a huge 163.89% winner on SMCI in 2 trading days and on Monday he closed a 49.45% winner on AAP in 5 trading days.
Click here to get Nate’s next Profit Surge pick on Monday.
Intuitive Surgical (Nasdaq: ISRG)
Intuitive Surgical is up 6.28% in premarket trading after beating earnings expectations. The increase was helped by strong growth in procedures using its robotic surgery system. The company reported a revenue of $1.93 billion, a 17% increase compared to $1.66 billion in the same quarter of 2022.