Finance Group Falls 12%
Good Morning Wake-Up Watchlisters! While you’re sipping coffee you’ll see stock futures were up on Friday as we head into the holiday weekend. The dow is coming off its worst session in more than a year yesterday, as the latest economic data dampened investors’ hopes of a rate cut form the Federal Reserve. Now traders will be looking at April’s durable goods report.
Yesterday was a lesson in being patient and waiting for the right trade setups. That’s exactly what our Lead Technical Tactician Nate Bear did in Daily Profits Live. This week Nate closed 5 winning trades, including a 22.17% gain on CAVA in 4 trading days.
Here’s a look at the top-moving stocks this morning.
Workday, Inc. (Nasdaq: WDAY)
Workday is down 12.02% in premarket trading after posting lower subscription revenue outlook. For the fiscal 2025 year, Workday now anticipates subscription revenue to be between $7.7 billion and $7.725 billion. This is lower than the original $7.25 billion and $7.75 billion estimates.
Intuit, Inc. (Nasdaq: INTU)
Intuit is down 6.02% in premarket trading despite coming out with quarterly earnings ahead of the Zacks Consensus Estimate of $9.34 per share. The maker of TurboTax, QuickBooks and other accounting software fell due to weak guidance for Q4, where they expect adjusted earnings per share of $1.80 to $1.85 to be lower than the $1.92 consensus.
Ross Stores (Nasdaq: ROST)
Ross Stores is up 6.93% in premarket trading after its latest earnings beat. The discount retailer reported earnings of $1.46, beating the analyst consensus of $1.35. Revenue came in at $4.86 billion, a slight beat over the $4.83 billion consensus estimate.
Those are the biggest stock movers for today.
Happy trading!
The Wake-Up Watchlist Research Team
