Travel Sector Stocks Sizzle
Good morning Wake-Up Watchlisters! While you’re sipping that green tea you’ll see stock futures are in the green as major companies like Tesla and IBM restore faith in earnings season following Netflix’s debacle.
Here’s a look at the top-moving stocks this morning.
United Airlines (Nasdaq: UAL)
United Airlines is up 7.29% premarket despite the airline company missing earnings in the first quarter. Investors are optimistic about United Airlines in the near future, as more people start traveling again and COVID-19 mask mandates are lifted. American Airlines (Nasdaq: AAL) and JetBlue Airlines (Nasdaq: JBLU) were also up premarket. Keep an eye on the travel sector going forward.
We’re also high on another company in this sector. We’re calling it the ‘Last Great Value Stock’ and right now it’s trading for under $2. However, there’s an upcoming announcement on May 12 that could send it soaring. Click here to unlock this stock.
Tesla Inc. (Nasdaq: TSLA)
Tesla is up 6.64% premarket after recording a record $3.3 billion profit in the first quarter of 2022. These numbers came despite supply issues and the shutdown of its Shanghai factory. Tesla also ramped up its efficiency – delivering over 310,000 cars in the first quarter – and that’s not counting the estimated 90,000 lost due to the Shanghai shutdown. Tesla is looking strong going forward.
Equifax (NYSE: EFX)
Equifax is down 9.78% premarket despite posting record first-quarter revenue of $1.36 billion. The company cut its full-year 2022 guidance principally to reflect mortgage rate increases, which now sit at a 10-year high. Equifax could be volatile going forward.
Alcoa Corp. (NYSE: AA)
Alcoa Corp. is down 6.45% premarket as aluminum sales continue to drop due to lengthy supply chain disruptions. Aluminum prices are also down about 20% since hitting an all-time high at the beginning of March. Alcoa is looking volatile right now.
Those are the top market movers today.
Happy trading!
The Wake-Up Watchlist Research Team