Lovin is in the Air…
Good Morning Wake-Up Watchlisters! While you’re sipping coffee you’ll see stock futures were flat on Thursday. Tuesday’s selloff led to a slight rebound on Wednesday and optimistic outlooks from the Federal Reserve and other key players calmed investors nerves. The next data catalyst will be the January retail sales report to check in on consumer resilience.
No matter which direction stocks go, we have strategies to help you make winning trades in the War Room. Yesterday our Lead Fundamental Tactician Karim Rahemtulla was positioned on LYFT as it became one of the top premarket movers on Wednesday.
Click here to unlock that trade.
Our Lead Technical Tactician Nate Bear also got positioned on LYFT in Daily Profits Live.
For more of Nate’s trades, click here to join Daily Profits Live.
Here’s a look at the top-moving stocks this morning.
Twilio (NYSE: TWLO)
Twilio is down 13.17% in premarket after its Q4 earnings exceeded expectations, with adjusted EPS of $0.86 against a forecast of $0.56, and revenue of $1.08 billion aligning closely with the $1.04 billion estimate. However, the company’s Q1 revenue guidance was slightly below analysts’ expectations, leading to a negative reaction in premarket trading. This report marks a crucial period for Twilio, following significant executive changes and amidst investor concerns over its growth trajectory post-pandemic.
PENN Entertainment (Nasdaq: PENN)
PENN is down 5.73% in premarket trading. The down move came after its latest earnings report, with revenues of $1.37 billion, which were down from $1.5 billion in 2022. The company reported a total liquidity of $2.1 billion inclusive of $1.1 billion in cash.
Our Head Trading Tactician Bryan Bottarelli got positioned on PENN in The War Room yesterday.