Catalent Rises 11% After Acquisition
Attention Traders: It’s Monday and our Lead Technical Tactician Nate Bear is giving you his weekly stocks to watch. Click the image below to get his picks.
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Good Morning Wake-Up Watchlisters! While you’re sipping coffee you’ll see U.S. stock futures dipped on Monday, reacting to Fed Chair Jerome Powell’s cautious stance on early rate cuts, emphasizing the need to fully address inflation. This cautious sentiment hints at a subdued start for the markets after a volatile week marked by strong job data and robust earnings, yet challenged by Powell’s remarks on the timing of rate adjustments.
Last week Bryan and Karim held a special 2-day fast pass event in The War Room and closed 12-of-16 trades as winners for a 75% win rate. One of those wins came from a 105.13% premium capture from Karim in 287 trading days.
Here’s a look at the top-moving stocks this morning.
Estee Lauder (NYSE: EL)
Estee Lauder is up 17.80% in premarket trading after the company reported its fiscal second-quarter earnings, which notably exceeded Wall Street’s expectations. The reported profit was $313 million, with an earnings per share of 88 cents after adjustments for non-recurring costs, surpassing the predicted 55 cents per share. Moreover, the company’s revenue of $4.28 billion for the quarter also exceeded forecasts, with analysts expecting $4.19 billion. These results, reflecting the company’s strong financial performance, have positively influenced investor sentiment and driven the premarket stock uplift.