Good morning Wake-up Watchlisters! While you’re sipping coffee you’ll see stock futures ticked up on Thursday as investors anticipated that the US Federal Reserve may pause interest-rate hikes due to lower inflation data. S&P 500 and Nasdaq 100 contracts advanced by approximately 0.3%. Additionally, investors are also expected to react to the Bank of England’s policy decision to hike its key rate by 25 basis points to the highest level since 2008.

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

Disney (NYSE: DIS)

Disney is down 5.56% premarket after it showed a narrower streaming loss of $659 million and operating income of $2.17 billion from theme parks in the second quarter, while earnings per share missed estimates by a penny. This comes after Disney announced its new business reorganization, which will have three segments: Disney Entertainment, ESPN, and Disney Parks, Experiences and Products. Despite missing expectations for Disney+ subscribers, the streaming losses were better than expected and lower than the previous two quarters.

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Unity Software Inc. (NYSE: U)

Unity Software is up 9.60% premarket after reporting quarterly earnings of $0.06 per share, beating the Zacks Consensus Estimate of a loss of $0.05 per share and adjusted for non-recurring items. The company’s revenue of $500.36 million for the quarter ended March 2023 surpassed the Zacks Consensus Estimate by 4.81%, and the stock has topped consensus revenue estimates three times over the last four quarters. This positive quarterly report represents an earnings surprise of 220%, and the sustainability of the stock’s price movement will depend on management’s commentary on the earnings call.

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Robinhood Markets, Inc. (Nasdaq: HOOD)

Robinhood is up 5.84% premarket after exceeding Wall Street estimates for its Q1 revenue as its interest income surged due to the U.S. Federal Reserve’s rapid rate hikes, according to reports on May 10. The company also announcement that they would launch 24-hour trading for five days a week.

Allegro MicroSystems (Nasdaq: ALGM)

Allegro Microsystems is up 9.67% premarket after it reported Q1 earnings of $0.37 per share, exceeding the Zacks Consensus Estimate of $0.36 per share and representing an earnings surprise of 2.78%. The semiconductor company has surpassed consensus EPS estimates four times over the last four quarters. The revenue for the quarter ended March 2023 was $240.53 million, missing the Zacks Consensus Estimate by 9.23%, but still higher than last year’s revenue. The stock has gained 22.5% since the start of the year, outpacing the S&P 500’s gain of 7.3%.

There’s been some disturbing developments overseas in regards to China’s plans for semiconductors.

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Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team