Biden: Here’s $8.5 Billion…

Good Morning Wake-Up Watchlisters! While you’re sipping coffee you’ll see stock futures moved lower on Wednesday after a positive day for the averages. Investors will be waiting today for a potential announcement of interest rate cuts in June from the Federal Reserve, though some are worried recent hotter-than-expected inflation numbers could result in fewer cuts overall.

While investors are worrying, we’re still making trades in The War Room. Yesterday our Head Trading Tactician Bryan Bottarelli closed a 31% winner on CAR in less than 1 trading day.

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

General Mills (Nasdaq: GIS)

General Mills is up 3.70% in premarket after reporting its latest third quarter results. Operating profit was up 25% to $911 million. Diluted earnings per share was up 27%. The company also reaffirmed its full-year fiscal 2024 outlook.

Our Head Trading Tactician Bryan Bottarelli got positioned on GIS yesterday in The War Room.

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Chipotle Mexican Grill (NYSE: CMG)

Chipotle Mexican Grill is up 6.70% in premarket after announcing a 50-for-1 split on its common stock. The fast food company said the latest split is subject to shareholder approval at its upcoming meeting on June 6. The shares are expected to begin trading on a post-split basis at market open.

Intel Corporation (Nasdaq: INTC)

Intel Corporation is up 3.04% premarket after clinching nearly $20 billion in grants and loans on Wednesday, with $8.5 billion coming from the White House. Intel CEO Pat Gelsinger has been lobbying Washington for chipmaker money for more than 3 years. Overall, the deal is expected to boost the Intel’s domestic semiconductor ship output.

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