Robot Company Marches Upward

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Good morning Wake-Up Watchlisters! While you’re sipping that $0.99 gas station coffee with a stale cinnabun you’ll see stock futures turned around Monday following a drop that erased nearly $2 trillion from the S&P 500 last week. The latest boost comes off the heels of a statement from US President Joe Biden, saying a recession ‘isn’t inevitable’ despite a rough outlook.

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

Stryker Corp. (NYSE: SYK)

Stryker is up 7.47% premarket as the medical technology company continues to see strong demand for its medical robots. In 2022, the company’s order book remains solid and is in sync with its continued aim of share gains in both robotic hips and knees. Keep an eye on Stryker going forward.

Xerox Holdings Corporation (Nasdaq: XRX)

Xerox Holdings is up 6.14% premarket after the company affirmed its dividend of $0.25. The company will pay the dividend on Aug. 1, 2022 and the yield will be 6.3%. Even though Xerox Holdings isn’t generating a profit as of now, it’s currently generating healthy free cash flows that easily cover the dividend. Xerox is looking strong.

TuSimple Holdings (Nasdaq: TSP)

TuSimple Holdings is up 6.63% premarket after the company showed solid progress across its technology development. The self-driving technology company is expected to post revenues of $4.04 million, up 173% from the year-ago quarter. Keep an eye on TuSimple Holdings going forward.

Kellogg Co. (NYSE: K)

Kellogg Co. is up 6.88% premarket after the company announced plans to separate its North American cereal and plant-based foods business via tax-free spinoffs. The three companies will include ‘Global Snacking Co.,’ ‘North America Cereal Co.,’ and ‘Plant Co.’ Kellogg’s CEO Steve Cahillane said the businesses all have significant standalone potential. Keep an eye on Kellogg going forward.

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Those are the top market movers today.

Happy trading!

The Wake-Up Watchlist Research Team