Ouch Upstart…
Good morning Wake-Up Watchlisters! While you’re pulling into Exxon for that morning joe you’ll see stock futures slid as investors deal with the latest employment data. Initial jobless claims came in at 235,000 yesterday, which were the highest since January.
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Upstart Holdings (Nasdaq: UPST)
Upstart Holdings is down 19.27% premarket as the company disappointed investors with its guidance in May. The company came up well short of the mark, with executives showing a forecast that led to shares being cut by more than half in a single session. Upstart is looking volatile.
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Twitter (NYSE: TWTR)
Twitter is down 4.02% premarket after the Washington Post reported Tesla CEO Elon Musk’s bid to take over the company is in ‘serious jeopardy.’ The shareholder vote on the offer – mooted to happen in the next few weeks – could prompt Musk to either put up or shut up. Twitter could be volatile going forward.
Royal Caribbean Group (NYSE: RCL)
Royal Caribbean is down 3.41% premarket after a rough month for cruise line operators. Shares of Carnival (CCL), Royal Caribbean, and Norwegian Cruise Lines (NCLH) fell by 37.7%, 39.9% and 30.5% respectively, according to S&P Global Intelligence. The markets have been down, and economically sensitive stocks like consumer discretionary names took the biggest hits. Royal Caribbean and the cruiseliner sector are looking volatile.
Western Union (NYSE: WU)
Western Union is up 2.99% premarket after recently entering into a agreement with MercadoLibre. The collaboration will help families living abroad send digital remittances to Mexico and also enable people to collect payment through MercadoLibre’s Mercado Pago. This will also allow people in Mexico to collect cash digitally without having to go to a physical location. Keep an eye on Western Union going forward.
Do Your Stocks Meet These 5 Success Factors?
As the fed stops printing unlimited money and interest rates rise, there will be a new set of criteria for successful stocks going forward. Our Head Trading Fundamental Karim Rahemtulla breaks down the 5 most important factors for success in the markets going forward.
Those are the top market movers today.
Happy trading!
The Wake-Up Watchlist Research Team