Good Morning Wake-Up Watchlisters! While you’re sipping coffee you’ll see stock futures were down on Friday after concerns that recent jobs data will show a resilient labor market. More jobs could delay interest rate cuts by the Federal Reserve, and the latest US nonfarm payroll report is expected to show that employers added 175,000 positions last month.

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

Medical Properties Trust (NYSE: MPW)

Medical Properties Trust is down 15.80% in premarket trading after deferring rent and extending an additional loan to its largest tenant. As disclosed in the company’s third quarter 2023 Form 10-Q, Steward delayed paying a portion of its September and October rent to MPT. Steward also recently informed MPT that its liquidity has been negatively impacted by significant changes to vendors’ payment terms.

Peloton Interactive (Nasdaq: PTON)

Peloton Interactive is up 4.73% premarket after the fitness platform specialist announced an exclusive new content partnership with the social media platform TikTok. The two companies plan to launch a dedicated, co-branded fitness hub on the China-based social media platform dubbed #TikTokFitness Powered by Peloton.”

Exxon Mobil (NYSE: XOM)

Exxon Mobil is up 0.28% premarket after the oil giant announced that it expects up to $2.6 billion in upstream impairments in the fourth quarter for its business. Most of these payments are related to idled assets in California.

Apple, Inc. (Nasdaq: AAPL)

Apple is down 0.58% premarket after getting hit with its second downgrade so far in 2024. Piper Sandler analysts downgraded Apple stock from “Overweight” to “Neutral” amid concerns about the tech giant’s iPhone inventory levels and lower demand in China. Taiwan’s Foxconn, the world’s largest iPhone assembler said on Friday it expects first quarter revenue to drop after slower market demand hit the previous quarter.

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Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team