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Good morning Wake-up Watchlisters! While you’re sipping coffee you’ll see stock futures began August in the red. The dip comes off the S&P 500 and Nasdaq finishing their best seven months of a year in decades. The S&P 500 is now up almost 20% so far this year – recording its best January-to-June period since 1997. Several big companies are due to report earnings this week – including Apple on Friday and the latest jobs report could also shed light on the current economic outlook.

With big companies like Apple scheduled to post earnings, our Lead Technical Tactician Nate Bear is already getting positioned in Daily Profits Live. Last week Nate finished the week closed a triple-digit winner on ADBE on 23 trading days.

Click here to unlock Nate’s latest trades in the big tech sector.

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

Arista Networks, Inc. (NYSE: ANET)

Arista Networks is up 14.45% premarket after reporting second-quarter results that topped analyst estimates. A year earlier, Arista earnings were $1.08 per share on revenue of $1.05 billion. For the September quarter, Arista predicted revenue in a range of $1.45 billion to $1.5 billion.

Nikola Corporation (Nasdaq: NKLA)

Nikola Corporation is up 6.36% premarket after the hydrogen-fuel company received 13 battery-electric cell trucks from Nikola. The purchase boosts the startup’s prospects in a critical week for the company. The 10 battery electric trucks help Nikola reduce inventory, and the hydrogen-powered fuel cell truck order allows Nikola to grow its order book for the zero-emission trucks.

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Uber Technologies (NYSE: UBER)

Uber Technologies is up 5.36% premarket after forecasting third-quarter operating profit above Wall Street expectations as it sees growing demand for ride hailing due to strong leisure travel trends and gradual return to in-office work. Overall, the number of rides after the pandemic is growing.

Our Head Trading Tactician Bryan Bottarelli noticed Uber had a history of upside earnings moves, and yesterday made a winning trade on the rideshare company.

Click here to unlock more trades like these in The War Room.

Caterpillar, Inc. (NYSE: CAT)

Caterpillar is up 0.68% in premarket after its sales surged. Revenue increased 22% in the second quarter amid higher demand for construction products. Its total revenue increased to $17.32 billion, lifted by higher sales across all three of its major segments.

Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team