Tech Company Spikes Again…
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Good Morning Wake-Up Watchlisters! While you’re sipping coffee you’ll see stock futures were down ahead of earnings. The latest dip comes after Monday’s winning session lead to a new all-time high. Overall, the results from magnificent seven stocks like Google, Apple, Amazon and Meta are expected to pace the S&P 500 this week.
Here’s a look at the top-moving stocks this morning.
F5, Inc. (Nasdaq: FFIV)
F5 Inc. is up 10.21% in premarket trading after its latest first-quarter earnings report for the fiscal year 2024. F5 reported significant growth in both GAAP and non-GAAP earnings per share compared to the previous year, exceeding their guidance ranges. It reported a total revenue of $692.6 million for the first quarter of the fiscal year 2024, compared to $700.4 million in the first quarter of the fiscal year 2023.
While earnings day has the potential to push a stock up or down, the truth is there are more opportunities for potential gains AFTER earnings. Our Lead Technical Tactician Nate Bear follows what he calls the “post-earnings surge.” Last week he closed two winners using this method, including a 49.45% gain on AAP in 5 trading days and a massive 163.89% winner on SMCI in 2 trading days.
Click here to get Nate’s next Profit Surge pick today.
General Motors (NYSE: GM)
General Motors is up 8.22% in premarket trading due to positive investor anticipation surrounding its upcoming Q4 results. Despite the impact of a six-week UAW strike, GM has managed to maintain a strong vehicle portfolio and reinstated its full-year profit outlook. Additionally, the company’s $10 billion accelerated share repurchase program and a 33% dividend increase starting in January have contributed to the positive sentiment.
Whirlpool (NYSE: WHR)
Whirlpool is down 4.64% in premarket as it anticipates its sales for the quarter to be around $16.9 billion, lower than the estimated $17.68 billion. The forecasted annual adjusted profit is between $13 and $15 per share, compared to the average analyst estimate of $15.48 per share. The decline is due to pricing pressures from competitors and increased expenses.
Super Micro Computer, Inc. (Nasdaq: SMCI)
Super Micro Computer is up 12.98% in premarket trading after the artificial intelligence company delivered stellar quarterly results. It lifted its fiscal 2024 revenue forecast range to $14.3 billion to $14.7 billion from $10 billion to $11 billion.
Our Lead Technical Tactician Nate Bear recently closed multiple winning trades on SMCI in Daily Profits Live. He closed one SMCI trade for a 50% gain in 1 trading day and another SMCI trade for a 20% gain in 1 trading day.
Click here to see how Nate is playing earnings this week in Daily Profits Live.
Those are the biggest stock movers for today.
Happy trading!
The Wake-Up Watchlist Research Team