Buffett’s Stake Sends This Stock Higher
Good morning Wake-Up Watchlisters! While you’re sipping that nitro cold brew you’ll see stock futures inched higher following the largest single-session decline in more than two years. Investors are looking ahead to the Federal Reserve’s interest rate decision on Wednesday. We’ll see how far and how fast its willing to go on rate hikes.
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Here’s a look at the top-moving stocks this morning.
Global Payments (NYSE: GPN)
Global Payments is up 5.22% premarket after it was revealed that insiders placed bullish bets worth $1 million in the last 12 months. Global Payments will also reveal first-quarter earnings this morning before the opening bell. Last quarter the leading payment technology company reported fourth-quarter earnings per share of $2.13, beating the Zacks Consensus Estimate of $2.11. Global Payments is looking strong.
Lumen Technologies (NYSE: LUMN)
Lumen Technologies is up 3.38% premarket after the technology company was recently selected by the state of New Jersey to help it transition to a new 911 platform. The move will use the company’s software defined IP network, applications and call routing services to increase the speed of their 911 system. Lumen is a stock to keep an eye on.
Activision Blizzard (Nasdaq: ATVI)
Activision is up 3.04% premarket after Warren Buffett told investors his Berkshire Hathaway company has a 9.5% stake in the video-game maker. This is also coming off the heels of a planned $69 billion takeover by Microsoft (Nasdaq: MSFT). Buffett’s stake suggest he thinks the deal will receive regulatory and anti-trust approval. Keep an eye on Activision going forward.
DISH Network (Nasdaq: DISH)
DISH is down 6.77% premarket as cable companies continue to struggle in the streaming era. Advertisers are hesitant to dip their toes in a new market due to cable being so much safer. However, with so many streaming companies like YouTube TV and Hulu, cable companies like DISH are still figuring out how to get a seat at the table. DISH is looking volatile right now.
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Those are the top market movers today.
Happy trading!
The Wake-Up Watchlist Research Team