AI Enhanced Gains

Good morning Wake-Up Watchlisters! Grab a hot cup of joe, have a seat, and enjoy the 7 minutes of quiet you have before the kids wake up. The markets are a sea of green today and the rally continues after a slight hiccup yesterday. Bitcoin is back in a major way, and we are still basking in the afterglow of the best November in the markets since 2020. We’ve got the trade deficit update this morning and the jobs report will be coming out tomorrow.

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Here are the top-moving stocks this morning

GitLab Inc. (Nasdaq: GTLB)

Gitlab Inc. is up 11.45% premarket. Yesterday the software company saw shares jump over 10% from $53 a share up to $59 on an excellent earnings report and it looks like that momentum is continuing into today’s trading. Like many, company leadership credits AI with this success. In the case of GitLab, its AI enhanced troubleshooting chatbot DUO has exploded in popularity over the last year.

Robinhood Markets Inc. (Nasdaq: HOOD)

Robinhood Markets Inc is up 10.26% premarket. Leadership announced last week that Robinhood would launch in the UK in early 2024 and there are rumors of the company getting into the futures markets next year as well. However, this morning’s jump in share price is due to the crypto rally. The trading platform saw crypto trading explode up 75% in November. Earlier this year Robinhood was also revealed to be the third largest holder of Bitcoin, which is up almost 25% in the last month alone.

 

Asana Inc (NYSE: ASAN)

Asana Inc. CI A is down 14.67% in the premarket after posting a better-than-expected earnings report Monday night. Despite beating expectations on revenue, earnings per share, and guidance investors are not satisfied. Analysts point to macroeconomic trends as the deterring factor for many, which has impacted Asana’s renewal base over the last few years.

GameStop Corp. (NYSE: GME)

GameStop Corp. is down 14.91% premarket. The video game retailer and Meme stock reports earnings after market close today. Shares, which popped up over 15% in the beginning of the week, have since given up those gains and more ahead of the report this evening.

Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team

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