Travel Increase Spikes This Stock…
Good morning Wake-Up Watchlisters! While you’re warming up your stovetop coffee maker you’ll see US futures are on the rise as stocks try to sustain momentum from last week’s rally. The latest move follows a sharp rebound from Friday that saw a 3% surge in the S&P 500, which was its second-best week this year.
While there’s still a lot of uncertainty surrounding the market, one of the best ways to play these wild waves in through short-term, overnight trades. Short-term hedges are what allow us to profit in a bear market while also protecting ourselves. We currently have a 90% win rate on these trades in 2022.
Here’s a look at the top-moving stocks this morning.
Hyatt Hotels (NYSE: H)
Hyatt Hotels is up 14.89% premarket as travel continues to be high despite inflation. According to Yahoo Finance Contributor Vera Gibbons, people are not cancelling their summer travels plans, and many prepaid for their vacations at the end of 2021 and many of those plans are nonrefundable. Keep an eye on Hyatt Hotels going forward.
World Wrestling Entertainment (NYSE: WWE)
World Wrestling Entertainment is up 3.84% premarket after the company announced a partnership with Xfinity titled ‘Arena,’ a monthly show where pro athletes and WWE Superstars partake in various challenges. The company also announced retired superstar The Undertaker will begin his ‘1 deadMAN SHOW’ on Friday, July 29 in Nashville. With new potential streams of revenue, WWE is looking strong.
Nutanix (Nasdaq: NTNX)
Nutanix is down 9.50% premarket after reporting a third-quarter fiscal loss of 5 cents per share. It also reported revenues of $403.7 million, missing the Zacks Consensus Estimate of $438.5 million. The company continues to suffer from supply chain delays of its hardware partners. Plus, Nutanix ran into higher-than-expected attrition in its sales force last quarter, which further impacted the company’s outlook. Nutanix is looking volatile.
NVR, Inc. (NYSE: NVR)
NVR is down 7.07% premarket as the rental housing shortage continues to impact the construction company’s bottom line. Overall, there’s less housing production due to lack of workers combined with high demand. Also, The State of Alaska Department of Revenue trimmed its stake in NVR by 3.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. NVR is looking volatile.
The Most Important Investing Concept for This Market
We’re in a bear market, and new investing strategies are vital going forward. 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.
Those are the top market movers today.
The Wake-Up Watchlist Research Team