No News Is Good News…

Good Morning Wake-Up Watchlisters! While you’re sipping coffee you’ll see stock futures moved up on Thursday. The three major averages closed at new records following the Fed’s latest policy meeting, with the S&P 500, Russell 2000 and Dow all gaining after the Fed called for three rate cuts this year.

With no earth shattering news from the Fed, we carried on in The War Room with another winning trade. Yesterday our Head Trading Tactician Bryan Bottarelli closed GIS for a 24% gain in less than 24 hours.

Click here to start following along with Bryan and Karim in The War Room today.

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

Guess?, Inc. (NYSE: GES)

Guess Inc. is up 11.56% premarket after the contemporary clothing reported strong earnings for the third quarter. Revenue went up 9% year on year to $891.1 million. It also improved its profit of $1.74 per share in the same quarter last year.

Yesterday our Head Trading Tactician Bryan Bottarelli noticed a short % of float around 27% on GES and got positioned on the stock in The War Room.

Click here to unlock that trade.

Micron Technology (Nasdaq: MU)

Micron Technology is up 17.69% in premarket after giving a strong revenue forecast, boosted by demand for its artificial intelligence hardware. It currently projects third-quarter revenue will be $6.4 billion to $6.8 billion, the company said in a statement Wednesday. That compares with an average analyst estimate of $5.99 billion.

Several semiconductor stocks have seen a boost in recent days due to AI demand, and yesterday our Lead Technical Tactician Nate Bear got positioned on Nvidia and AMD in Daily Profits Live.

Click here to start seeing Nate’s tech plays in real time in Daily Profits Live.

Five Below (Nasdaq: FIVE)

Five Below is down 12.19% premarket after the teen-centric retailer announced it would be further limiting self-checkout and take measures to combat theft. CEO Joel Anderson mentioned that the benefits of this action will take some time to realize and didn’t include any associated improvement in their outlook this year.

More from Wake-up Watchlist