Good morning Wake-up Watchlisters! While you’re savoring the caramel sweetness of your oat-milk Macchiato (more on that below) you’ll see stock futures wavered on Wednesday. Federal Reserve Chairman Jerome Powell is expected to go live and investors will be watching for any sign of hawkishness that could be a cue to sell. Also, a spat between US President Joe Biden and China President Xi Jingping caused some volatility after Biden called Jingping a “dictator.” The action was seen as undermining a relationship between the US and the world’s second-biggest economy.

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Here’s a look at the top-moving stocks this morning.

Oatly Group AB (Nasdaq: OTLY)

Oatly is up 7.30% premarket after TH International Limited, which operates Tim Hortons coffee shops and Popeyes restaurants in China, has formed a partnership with the prominent oat drink company. They have introduced a new range of dairy-free ready-to-drink (RTD) oatmilk lattes, expanding Tims China’s collection of convenient and tasty RTD beverages. The initial offerings include an osmanthus latte with a sweet and delicate flavor popular among Chinese consumers, as well as a cold brew latte. These lattes are made with premium arabica beans and were developed based on thorough consumer research. They are free from dairy, cholesterol, trans-fat, and have low sugar content. The co-branded products can be purchased from Tims China’s and Oatly’s China e-commerce platforms, as well as various online and physical stores.

Opendoor Technologies (Nasdaq: OPEN)

Opendoor Technologies is up 4.56% premarket after some encouraging statistics from the U.S. housing market lifted the stock. Government data recently showed housing starts rose to a 1.63 million annual rate in May, which was a 22% leap and well above most estimates by economists. Housing starts are a measure of how many homes would be build over a 12-month period. This data was enough to propel the real estate company forward.

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Exact Sciences Corporation (Nasdaq: EXAS)

Exact Sciences is up 7.45% premarket after announcing that their next-generation Cologuard, a stool-based test for colon cancer, outperformed the original screening test in a study involving 20,000 individuals. The study revealed that Cologuard demonstrated 94% sensitivity (ability to detect positive cases). This was an improvement on the 92% result from 2014.

FedEx Corporation (NYSE: FDX)

FedEx Corporation is down 2.84% premarket after the company’s earnings missed estimates. The shipping group’s net income of $1.25 billion was down from $1.8 billion in the year-earlier period. Also, Vice President and CFO Michael Lenz will retire on July 31 and a search is underway for his successor.

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Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team