Tech Flexes in Premarket Trading

Good Morning Wake-Up Watchlisters! While you’re sipping coffee you’ll see stock futures climbed on Friday, putting the S&P 500 on pace for a new record high. Another tech stock rallied (more on that below) after Taiwan Semiconductor jumped in yesterday’s premarket trading. The latest tech boosts are countering the uncertainty surrounding interest rate cuts in 2024.

With the indexes approaching all-time highs, our Lead Technical Tactician Nate Bear called for this in his latest video. You can read more about his thought process here. And as a result of the tech rally, Nate closed a 94.40% winner on AMD in 1 trading day.

Click here to learn more about Nate’s TPS trading system and his mission to turn a $37,000 account into $1 million in verified trading profits.

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

Super Micro Computer, Inc. (Nasdaq: SMCI)

Super Micro Computer is up 13.67% in premarket trading after the data specialist raised its sales and earnings guidance significantly for the December quarter. The San Jose, California company now expects sales of $3.6 billion to $3.65 billion, up from its prior guidance of $2.7 billion to $2.9 billion.

Our Lead Technical Tactician Nate Bear recently opened a trade on SMCI in Daily Profits Live.

Click here to unlock that trade.

iRobot Corporation (Nasdaq: IRBT)

iRobot’s stock plummeted 35.8% in premarket trading following news that the European Union’s competition watchdog is likely to veto Amazon.com Inc’s acquisition of iRobot. This significant drop reflects investor uncertainty and regulatory challenges.

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