Despite record revenue, delta down 7% in premarket trading after coming up short of expectations.

By George Banko

July 11, 2024

Good Morning Wake-Up Watchlisters! While you’re sipping café au lait on your Paris vacation you’ll see stock futures were steady on Thursday. Yesterday the S&P 500 broke above 5,600 for the first time, and now the focus will shift to the CPI report today. We also have the PPI report and bank earnings coming tomorrow.

Earnings season is upon us, but the truth is it’s just the start of many, many profit opportunities. In fact, our Lead Technical Tactician Nate Bear uses a chart pattern that’s so potentially lucrative he calls it the “Earnings Profit Surge.” This pattern allows him to trade one ticker AFTER earnings over and over again for maximum potential gains.

Click here to receive Nate’s next “post-earnings surge” ticker.

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

Delta Airlines (NYSE: DAL)

Delta Airlines is down 7.62% in premarket trading despite reporting record revenue during its June quarter. The stock fell due to earnings that were below Wall Street’s expectations, as the airliner posted adjusted earnings per share of $2.36 vs. $2.38 expected. Revenue also fell short at $15.41 billion vs. $15.44 billion expected.

Yesterday our Head Trading Tactician Bryan Bottarelli got positioned on DAL in The War Room and the stock is already on the move in premarket trading.

Click here to unlock Bryan’s latest DAL trade in The War Room.

QuantumScape Corp. (NYSE: QS)

QuantumScape is up 14.79% in premarket trading after agreeing to a groundbreaking agreement with PowerCo to industrialize its next-generation solid-state lithium-metal battery technology. As part of the deal, QuantumScape will grant PowerCo the license to mass produce battery cells based on QuantumScape’s technology platform.

Our Lead Technical Tactician Nate Bear noticed several stacked A+ bullish squeezes on QS by using his S.A.M. tool in Daily Profits Live, and yesterday he closed a winning trade on the company.

Don’t miss Nate’s next S.A.M. trade, click here to join him in Daily Profits Live.

SoundHound AI (Nasdaq: SOUN)

SoundHound AI is up 11.64% in premarket trading after the voice artificial intelligence leader announced its voice assistant with ChatGPT is now live in production in Peugeot, Opel and Vauxhall vehicle brands across 11 European markets. Access to the technology will be included in vehicles from these brands beginning July 2024.