Another Software Premarket Winner
Good Morning Wake-Up Watchlisters! While you’re sipping coffee you’ll see stock futures slid on Tuesday. The dip came ahead of crucial inflation data that could alter the timeline for rate cuts. A lower number could renew optimism for earlier interest rate cuts. Also, company reports continue to roll in during a better-than-expected earnings season, with Coca-Cola (KO) and Shopify (SHOP) expected to post today.
Our Lead Technical Tactician Nate Bear is currently looking to play earnings winners in Daily Profits Live for more potential gains.
Here’s a look at the top-moving stocks this morning.
ZoomInfo Technologies Inc. (ZI)
ZoomInfo is up 22.47% in premarket. The spike comes after its latest earnings report. The company posted revenue of $316.4 million, a 5% increase year-over-year. It also introduced a new AI-powered solution, ZoomInfo Copilot, aimed at enhancing sales processes by making them smarter and more efficient.
Our Head Trading Tactician Bryan Bottarelli got positioned on ZI yesterday in The War Room.
Click here to unlock that trade.
TripAdvisor (Nasdaq: TRIP)
TripAdvisor’s stock is up 11.58% in premarket trading after reports the company is considering a potential sale. They have formed a committee of independent directors to evaluate proposals for a potential transaction and have hired “Centerview Partners” as an advisor.