EV Maker Sets the Tone

Attention Traders: We mentioned earlier this week about a special announcement coming from Bryan and Karim. Well, today is that day. Bryan and Karim want you to mark your calendar for January 30 and 31. That’s when they’re opening the doors to their first ever War Room Fast Pass. This event will give members FREE access to The War Room for two days, and with over 400 earnings announcements expected, Bryan and Karim will be looking at several Overnight Trade opportunities.

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Good Morning Wake-Up Watchlisters! While you’re sipping coffee you’ll see stock futures were flat after disappointing results from a major car company (more on that below). The pause follows a recent run for stocks, as investors have grown confident interest rates will fall this year and that economic growth is likely to stay resilient.

While indexes are flat today, oil continues to rise due to tensions in the Middle East and winter storms affecting production. Our friend Marc Lichtenfeld and Oxford Club Chief Income Strategist has an energy play he believes investor should consider. It’s not a stock or bond, and it could hand you monthly income over and over again… for life.

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

Tesla (Nasdaq: TSLA)

Tesla is down 7.67% in premarket trading after Q4 non-GAAP earnings dropped more than forecasted, causing sales to lag expectations. Shares were also impacted Elon Musk’s recent announcement about the company’s sales growth. Musk warned that Tesla’s sales growth in 2024 would be “notably lower” than in 2023, when deliveries rose by 38%. This statement, along with concerns about increasing competition from Chinese electric vehicle makers, has led to a drop.

Humana (Nasdaq: HUM)

Humana is down 13.27% in premarket trading after it reported a quarterly loss of $0.11 per share, which was more than the expected loss of $0.07 per share according to the Zacks Consensus Estimate. This compares to earnings of $1.62 per share a year ago. While the company topped revenue estimates, posting revenues of $25.73 billion for the quarter ending December 2023.

IBM (NYSE: IBM)

IBM is up 7.49% in premarket trading due to a positive outlook for 2024, with expectations of strong sales and free cash flow. The company forecasts a free cash flow of about $12 billion for the year, surpassing analysts’ average estimate of $10.9 billion. Additionally, IBM anticipates revenue growth in the mid-single digits, higher than analysts’ projection of about 3%.

Earnings winners can often lead to a stock surging in the short-term. However, there’s another pattern called the “post-earnings surge” that could lead to multiple winning trade opportunities. Our Lead Technical Tactician Nate Bear has been trading the “post-earnings” since August, and he’s posted an 85.37% win rate on all his trades using this strategy.

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ResMed (NYSE: RMD)

ResMed is up 8.80% in premarket trading because the company reported quarterly earnings of $1.88 per share, exceeding the Zacks Consensus Estimate of $1.81 per share. This represents an increase from last year’s earnings of $1.66 per share. Additionally, ResMed’s revenues for the quarter ending December 2023 were $1.16 billion, which also surpassed the Zacks Consensus Estimate. The company has consistently beaten consensus revenue estimates over the last four quarters.

Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team

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