Health Company Jumps After Strong Earnings
Good morning Wake-Up Watchlisters! While you’re sipping that first cup of red eye coffee you’ll see the stock futures fell early Monday as investors absorb the shock of a wild week of trading. Last week, the Dow had its best day since 2020 on Wednesday, but then lost all those gains and a lot more on Thursday.
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Here’s a look at the top-moving stocks this morning.
Healthpeak Properties, Inc. (NYSE: PEAK)
Healthpeak Properties is up 5.35% premarket after reporting first-quarter 2022 funds as adjusted per share of 43 cents, surpassing the Zacks Consensus Estimate of 42 cents. The reported figure was up 7.5% from the year-ago quarter’s 40 cents. The company also generated revenues of $498.4 million, outpacing the Zacks Consensus Estimate of $489 million. Keep an eye on Healthpeak going forward.
H&R Block (NYSE: HRB)
H&R Block is up 2.96% premarket ahead of its third-quarter fiscal 2022 earnings report. The Zacks Consensus Estimate is pegging revenues at $1.93 billion, indicating a sequential increase of more than 100%. H&R Block is also expected to benefit across multiple areas of its business, with Wave and Emerald Card also performing strongly. H&R Block is a stock to watch.
Five Below (Nasdaq: FIVE)
Five Below is up 2.35% premarket as the retail company recently announced a new loyalty program it expects to implement by 2025. The company also plans to have 3,500 by 2030, roughly triple the current count. This retail stock is also up 230% over the last five years, and if they can install a rewards program, there’s good chance they can increase revenue even more. Five Below is looking strong.
AES Corporation (NYSE: AES)
AES Corporation is down 7.59% premarket after the company reported adjusted earnings of 21 cents per share, missing the Zacks Consensus Estimate of 23 cents by 8.7%. The downside can be attributed to the impact of realized gains on de-designated interest rate swaps and lower contribution from the Mexico, Central American and the Caribeean Strategic Business Unit. AES is looking volatile going forward.
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Those are the top market movers today.
The Wake-Up Watchlist Research Team