Good morning Wake-up Watchlisters! While you’re sipping coffee you’ll see stock futures went up on Friday. The news came on optimism surrounding a potential debt ceiling agreement in Washington led to a widespread stock market rally across Europe and Japan. President Joe Biden expressed confidence in Congress’s ability to act in time to prevent a default during a call from Japan, as House Speaker Kevin McCarthy and Senate Majority Leader Chuck Schumer made preparations for upcoming votes on a bipartisan deal.

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

Deere & Co. (NYSE: DE)

Deere is up 5.35% premarket after investors anticipated the release of the industrial equipment maker’s second-quarter earnings. Analysts predict that Deere will report a per-share profit of $8.59, reflecting a 26% increase compared to the previous year, along with a 23.3% rise in revenues to $14.83 billion. The company’s outlook for the current fiscal year, ending in October, includes a net income forecast ranging from $8.75 billion to $9.25 billion, attributed to improved pricing power for agricultural equipment and growing global demand.

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Foot Locker (NYSE: FL)

Foot Locker is down 19.08% premarket after announcing its latest earnings report. During the first quarter, there was a 9.1% decrease in comparable-store sales, mainly due to macroeconomic challenges such as lower income tax refunds in the United States and changes in vendor mix, along with the repositioning of Champs Sports. Total sales also saw a decline of 11.4% to $1,927 million compared to the same period last year, or a decrease of 10% when excluding the impact of foreign exchange rate fluctuations.

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Flowers Foods (NYSE: FLO)

Flowers Foods is down 3.12% premarket after the company reported quarterly earnings of $0.38 per share, surpassing the Zacks Consensus Estimate of $0.36 per share, indicating an earnings surprise of 5.56%. This compares to earnings of $0.44 per share in the same period last year. The reported figures are adjusted for non-recurring items. In the previous quarter, the company met the earnings expectations, posting earnings of $0.23 per share as anticipated. Flowers Foods has exceeded consensus EPS estimates in three of the last four quarters.

Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team