Airliner Dips due to Rising Fuel Costs
Good morning Wake-up Watchlisters! While you’re sipping coffee you’ll see stock futures were down on Wednesday while oil spiked. Investors were cautious as Israel and Palestinian authorities traded blame for an explosion at a hospital in Gaza that killed hundreds of people. Oil prices jumped 3% with gains stacking up after Iran’s foreign minister called for an embargo against Israel.
While the Israel-Hamas conflict continues to weigh on markets, it’s important to consider alternative investments outside of stocks. Right now our friend Marc Lichtenfeld is telling readers about his No. 1 oil investment. It’s not a stock, bond or private company, and it could hand you monthly income over and over again… for life.
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Here’s a look at the top-moving stocks this morning.
United Airlines (Nasdaq: UAL)
United Airlines is down 5.16% premarket despite posting better-than-expected earnings. The airliner cited rising fuel costs and capacity limits that would hurt profits over the last three months of the year. Fuel costs are expected to jump by around 11% until the end of the December.
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Sage Therapeutics (Nasdaq: SAGE)
Sage Therapeutics is up 6.87% premarket after it announced the U.S. Food and Drug Administration granted Orphan Drug Designation to SAGE-718 for the treatment of Huntington’s disease. SAGE-718 is in development as a potential oral therapy for cognitive disorders associated with NMDA receptor function.
NVIDIA Corporation (Nasdaq: NVDA)
Nvidia is down 1.27% premarket and fell nearly 5% yesterday. The dip came after the chipmaker disclosed a filing with the U.S. Securities and Exchange Commission that imposes more restrictions on sales of its advanced semiconductors to China and certain other countries. This restriction will affect a significant portion of the company’s products within its data-center platform.
Tech stocks like Nvidia have been a favorite of our Lead Technical Tactician Nate Bear. Earlier this week he dropped his latest tech pick for his “One Ticker Payouts” service.
The Procter & Gamble (NYSE: PG)
The Procter & Gamble Company is up 1.50% premarket after better-than-expected fiscal first quarter results. The company saw organic sales growth in all product categories, led by a 10% increase in the healthcare business on the back for demand for Crest toothpaste and whiteners.
Those are the biggest stock movers for today.
Happy trading!
The Wake-Up Watchlist Research Te
