Retailer Smashes Earnings

Good morning Wake-Up Watchlisters! While you’re sipping coffee you’ll see stock futures were flat on Tuesday. Investors continued to exercise caution that November’s rally could be overdone. As the month draws to a close, traders are now weighing a potential pullback, and Wednesday’s GDP data and Thursday’s PCE inflation reading should provide more clarity.

When it comes to trading pullbacks, our Lead Technical Tactician Nate Bear has his own strategy. Nate follows the “post-earnings surge” pattern to make multiple trades on ONE STOCK throughout the month. Since he launched Profit Surge Trader service back in August, he’s produced a 86% win rate and outperformed the market by 6,700%!

Click here to get Nate’s latest one ticker payout play.

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

PDD Holdings (Nasdaq: PDD)

PDD Holdings is up 14.89% premarket after the online retailer reported quarterly results that were far ahead of Wall Street’s expectations. PDD reported third-quarter earnings of $1.64 per share with revenue of $68.8 billion, smashing analysts estimates. The rival to Amazon and Alibaba nearly doubled its quarterly revenue.

With several online retailers seeing more sales as the holiday season continues, our Head Trading Tactician Bryan Bottarelli is taking advantage in The War Room. Yesterday he closed a 19% winner on WME in less than 24 hours.

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

Zscaler, Inc. (Nasdaq: ZS)

Zscaler is down 4.89% premarket after the billings outlook dampened its first quarter earnings beat. The stock is up 74% this year, but the company said it sees earnings in the region of $2.45 to $2.48 per share on revenues of between $2.09 billion and $2.1 billion. Overall, full-year billings were noted at between $2.52 billion and $2.56 billion, which triggered selling of the stock.


The Boeing Company (NYSE: BA)

The Boeing Company is up 1.61% premarket after RBC Capital analyst Kenneth Herbert upgraded the stock to a Buy from a Hold and raised its price target to $275 from the earlier $200. The analyst believes Boeing could soar in 2024 due to a favorable outlook and the possiblility of improved execution on the company’s MAX and 787 airplanes.

Affirm Holdings (Nasdaq: AFRM)

Affirm is up 2.62% premarket after the “buy now, pay later” company benefited from a favorable report on BNPL trends early in the 2023 shopping season. According to the report released Monday by Adobe Analytics, BNPL purchases accounted for around $7.3 billion in online spending from Nov. 1 through Nov. 26, up 14% year over year.

Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team

More from Wake-up Watchlist