Paramount Plummets.

By Ben Dressing

June 17, 2024

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Good Morning Wake-Up Watchlisters! School is out for summer, hopefully you were able to get the coffee made before the monsters got up. Here’s what we got in the premarket.Coming off a week of new highs for the S&P and Nasdaq futures are mixed, as investors toil with two questions. Is there room left in this rally for the Nasdaq and S&P? And is it time for the DOW to catch up?

No matter the questions, we’ll have the answers ready in The War Room. This month alone Bryan and Karim have closed 24 winning trades for a 77%+ win rate and an average 10% gain overall. Thats two wins for every day the market has been open this month. What are you waiting for? Join The War Room NOW!

Paramount Global Cl A (PARAA)

Paramount Global is down 17.26% in premarket trading. The media company, best known for its CBS network, is under fire after merger talks were called off last Tuesday by Paramount’s Shari Redstone. The deal with Skydance Media had been in the works for months and investors are clearly disappointed with the change of heart, especially since they will likely have to come back to the table at a later time anyway. Shares closed on Friday down over 13% for the week.

Freshworks Inc. (FRSH)

Freshworks Inc. is up 7.64% in premarket trading. The self service software company just last week acquired Device 42, a company that provides, “Comprehensive, continuously up-to-date views of assets across an organization’s entire IT infrastructure.” Shareholders are pleased with the move and reaction after shares dropped off a cliff in the beginning of May.