You Want Donuts With That?
Good Morning Wake-Up Watchlisters! While you’re back at the McDonald’s Drive-Thru asking when they’ll start serving Krispy Kreme’s (more on that below) you’ll see stock futures were up on Wednesday after three straight days of decline. The rebound came as we move closer to the PCE price index reveal, which is expected to have risen 0.4% in February and 2.5% on an annual basis. Despite the projections, Traders still see a 70% chance the Fed will begin its easing cycle in June.
No matter what the PCE says, we’ll be ready in The War Room with winning strategies for any market. Last week Bryan and Karim closed 10-of-10 trades for winners, including a 35.87% gain on VRT in 3 trading days.
Click here to learn more about one of their favorite trade patterns for volatile markets.
Here’s a look at the top-moving stocks this morning.
nCino, Inc. (Nasdaq: NCNO)
Trump Media & Technology Group Corp. (Nasdaq: DJT)
GameStop Corp. (NYSE: GME)
GameStop is down 18.19% in premarket after the video game retailer said it had to cut a unspecified number of jobs to cut costs. Rising competition and weak consumer demand played a role in lower fourth quarter revenue. Increased digital downloads also contributed to the lower demand for in-store visits.
Krispy Kreme Inc. (Nasdaq: DNUT)
Krispy Kreme is up 4.38% premarket after the donut company announced an expanded partnership with McDonald’s. The partnership will introduce Krispy Kreme donuts to the fast food giant nationwide by the end of 2026.