Good Morning Wake-Up Watchlisters! While you’re sipping coffee you’ll see stock futures were flat after a strong start to the week. Markets are pricing in one rate cut in 2024, which is down from the anticipated six or seven expected coming into the new year. Upcoming companies reporting include Amazon and Apple, and plenty of economic news is on the docket.

{% unless user.extended_attributes.customer_active_subscriptions contains “TPU” %}

The next JOLTS report is set to be released soon and our Head Trading Tactician Bryan Bottarelli is going live today at 2 p.m. to talk more about what it means for the markets.

Click here to join Bryan in real time as part of Catalyst Cash-Outs today. {% endunless %}

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

PayPal Holdings (Nasdaq: PYPL)

PayPal is up 6.21% in premarket after raising its full-year adjusted profit forecast. Consumer spending has shown resilience, and the company expects its 2024 adjusted profit to increase by “mid-to-high single digit percentage”, which is higher than the earlier forecast of it staying flat. Its operating margins also improved 84 basis points as it plans to cut 2,500 jobs this year.

Our Head Trading Tactician Bryan Bottarelli got positioned on PYPL yesterday in The War Room and it’s already humming along in premarket trading.

Click here to see how Bryan’s overnight strategy could double your money while you sleep.

Sensata Technologies (NYSE: ST)

Sensata is up 19.69% in premarket trading after announcing increased earnings of $1.007 billion in revenue. Its earnings per share came in at 89 cents, which was higher than the analyst estimate of 85 cents. The company also announced its CEO, Jeff Cole, will be retiring effective today. The Board of Directors has appointed Martha Sullivan as the new CEO.

3M Company (Nasdaq: MMM)

3M is up 7.56% in premarket trading after quarterly profit jumped 21%. The boost came after price hikes and cost cuts offset the impact from slow sales. The price hikes came over the past two years and the company said last quarter it will continue to lean on price increases to offset inflation and slow demand for its electronics business.

We’re currently positioned on 3M in our Trade of the Day Plus portfolio.

Click here to unlock our entire portfolio.

Chegg, Inc. (NYSE: CHGG)

Chegg is down 13.25% in premarket trading after announcing CEO and President Dan Rosensweig will be stepping down. The student services provider saw subscribers drop 8% and appointed Nathan Schultz as its next chief executive. It lost a total of $1.4 million in the first quarter.

Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team