Good Morning Wake-Up Watchlisters! While you’re sipping coffee you’ll see stock futures were down on Thursday after Meta shares sank (see more below). The miss from the major tech group dampened hopes that the “Magnificent Seven” would lead a comeback charge in stocks. Tomorrow the Personal Consumption Expenditures Index report will drop tomorrow, which is the Federal Reserve’s preferred report on inflation.

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While the PCE report comes out tomorrow, there’s another major catalyst that we’re looking to trade in Catalyst Cash-Outs next week. It’s called the JOLTS report, and it’s one of Head Trading Tactician Bryan Bottarelli’s favorite government loop holes for potential gains.

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

Meta Platforms (Nasdaq: META)

Meta is down 13.62% in premarket trading after revenue topped expectations but guidance missed forecasts. Meta said it sees second-quarter revenue of between $36.5 billion and $39 billion, and the average range was just shy of the consensus $38.2 billion. CEO Mark Zuckerberg cited increased spending on artificial intelligence and raised expectations after strong recent quarters for the miss.

International Business Machines (NYSE: IBM)

IBM is down 8.77% in premarket after reaching a deal to buy the cloud company HashiCorp for $35 a share in cash, or about $6.4 billion. It also reported first-quarter revenue of $14.47 billion, which came in below the $14.55 billion expectations.

TransUnion (NYSE: TRU)

TransUnion is up 9.20% in premarket trading after revenue hit $1.021 billion, which was a 9% increase year-over-year and surpassed the estimated $978.09 million. The company also raised 2024 growth projections to 5-6.5%, showing confidence in sustained operational performance.

Earnings day can create big moves in a stock, but there’s a lot more potential gains to be had AFTER earnings. Our Lead Technical Tactician Nate Bear knows how to take advantage of post-earnings movement by tracking what he calls the “post-earnings surge.” Nate has a 87.5% win rate on all his trades using this strategy in 2024.

Click here to learn how his One Ticker Payouts system works.

Ford Motor (NYSE: F)

Ford Motor is up 1.54% premarket after reporting an operating profit of $2.8 billion with $42.8 billion in sales. The boost came despite a $1.3 billion loss in the first quarter from its electric vehicle business.

Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team