Meal Delivery Service Dips
Good morning Wake-Up Watchlisters! While you’re slurping your instant coffee you’ll see stock futures drifted sideways as equities struggled for direction. Investors are still worried about a possible recession and the Federal Reserve’s tightening cycle possibly curbing growth.
Here’s a look at the top-moving stocks this morning.
APA Corp. (Nasdaq: APA)
APA is up 2.99% premarket as the company shows promising returns on capital employed. APA currently has a ROCE of 34%. In absolute terms that’s a great return and it’s even better than the Oil and Gas industry average of 12%. The business is also profitable and has plenty of reinvestment opportunities. Keep an eye on APA going forward.
Despite markets being largely red right now, the energy sector has seen big winners in these volatile markets. We’ve been positioning ourselves on recession-proof companies in The War Room and right now we’re guaranteeing members receive 322 winning trades in their first 12 months.
Click here to learn more about The War Room.
Prudential Financial (NYSE: PRU)
Prudential Financial is up 2.99% premarket after the company signed a lease for 22,272 square-foot space in Midtown Tampa. The move will bring approximately 150 new jobs to Tampa.
Door Dash (NYSE: DASH)
Door Dash is down 5.49% premarket after it was revealed Amazon (Nasdaq: AMZN) has a stake in Grubhub. The deal allows Just Eat Takeaway (TKAYF), which purchased Grubhub last year, to sell another 13% stake to Amazon if their latest promotion attracts enough customers for the online retailer. Door Dash is looking volatile.
Uber Technologies (NYSE: UBER)
Uber is down 3.29% premarket after the news of Amazon having a stake in Grubhub, as investors pared bets on market share gains for the meal delivery market leader Uber Eats. The news comes off Uber Eats seeing revenue rise 4% over the three months ending in March to $2.5 billion.
The automobile industry is set to undergo a major facelift, and there’s a company Wall Street is dubbing ‘The Next Tesla.’ Our friend Andy Snyder at Manward Press has all the details about this $25 startup. You’ll want to hear about this company.
Click here to unlock this $25 stock.
The Most Important Investing Concept for This Market
We’re in a bear market, and our Head Fundamental Tactitican Karim Rahemtulla shows you how to invest in the market without losing your money. This is critical as bear markets offer the highest potential return on investments.
Click here to watch the video.
Those are the top market movers today.
Happy trading!
The Wake-Up Watchlist Research Team