Ameren Drops Like a Rock

Good morning wakeup watchlisters! Before you do your final decking of the halls lets take a look at the premarket action for today! The indexes were down across the board at the close yesterday but have recovered and are green this morning.

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

Micron Technologies (Nasdaq: MU)

Micron Technologies is up 5.82% in premarket trading. The semiconductor company posted earnings last night and surprised analysts, earnings per share came in at a loss of $0.95 compared to earlier estimates of a $1.00 loss. Revenue of $4.73 billion also topped predictions by $190 million. Micron executives then nailed the hat trick by raising guidance for the next quarter.

Ameren Corp. (NYSE: AEE)

Ameren Corporation is down 56.02% in premarket trading. The St. Louis based energy utility suffered this whopping drop after one of the Missouri’s highest-ranking legislators Senate Majority Leader Cindy O’Laughlin filed to prevent time-of-use pricing coming into effect in the state. This would prevent regulators from forcing utilities to charge more during periods of high demand, which has quadrupled prices for homeowners in some cases.

 

CarMax (NYSE: KMX)

CarMax Inc. is up 6.47% in the premarket. This comes after the used-car retailer beat earnings expectations last night. While the 52 cents handedly surpassed the predicted 38 cents, revenue came in short by $140 million and sales dropped 4.1%. Investors and and analysts are most excited about the return of the company’s share repurchasing program which promises $2.41 billion in stock buybacks

Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team

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