Good Morning Wake-Up Watchlisters! While you’re favoring home-brewed coffee over expensive lavendar lattes (more on that below) you’ll see stock futures fell on renewed worry over interest rates Wednesday. The Federal Reserve’s policy decision is due later today, and the last time Fed Chair Jerome Powell spoke, he showed a lack of progress in bringing down inflation. Earnings from tech companies were mixed but megacap Amazon rose 1.7% after earnings with revenue jumping 13%.

With earnings season chugging along, our Lead Technical Tactician Nate Bear just kicked off what he’s calling a “100-day AI trading sprint.” This year the artificial intelligence market is projected to reach over $350 billion. But Nate isn’t concerned about the future, he’s focusing on what’s happening right now in Ai.

Click here to see how Nate’s deep dive into the current Ai market could score you gains of 203% in 2.5 hours… 50% in 18 minutes and 295% overnight.

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

Pinterest (NYSE: PINS)

Pinterest is up 16.65% in premarket trading after skyrocketing past its earnings forecast. The commerce-driven social media site posted revenue of $740 million, which was up 23% from the year earlier period. Management had forecast $690 million to $705 million. It ended the quarter with 518 million monthly active users, up 12% from a year earlier.

Starbucks (Nasdaq: SBUX)

Starbucks is down 13.27% in premarket after seeing sales fall for the first time since 2020 as half-off deals and new lavender lattes weren’t enough to entire increasingly budget-conscious consumers. The coffee company cut its full-year revenue growth forecast to low single-digits and CEO Rachel Ruggeri cited colder-than-usual weather in January and a more cautious consumer as reasons for the dip.

The truth is a stock going down isn’t necessarily a bad thing if you know this one simple trick. Our Head Trading Tactician Bryan Bottarelli has a timing pattern that works during bull and bear markets.

Click here to see how Bryan made 246% total gains during the COVID crash with this strategy today.

CVS Health (Nasdaq: CVS)

CVS is down 12.13% in premarket trading after rising medical costs over the past few quarters due to higher demand hurt U.S. health insurers. The Medicare Advantage challenges let to net income dropping to $1.11 billion from $2.14 billion. It also cut its earnings forecast for 2024 to at least $7 from at least $8.30.

Earnings are the common time to get in on a stock. However, there are plenty opportunities AFTER earnings to make profits as well. Our Lead Technical Tactician Nate Bear follows what he calls the “post-earnings surge” pattern which provides him ample opportunities to trade multiple winners on just one stock. Nate has a 87.5% win rate with this strategy in 2024.

Click here to see how Nate trades these gap ups after an earnings surprise.

Skyworks Solutions (Nasdaq: SWKS)

Skyworks is down 15.09% in premarket trading after reporting second-quarter revenue of $1.05 billion, which was within the company’s target range of $1.02 billion to $1.07 billion. But CEO Liam Griffin said the company in its second quarter saw “below normal trends” in its mobile phone business “with lower-than-expected end market demand.” Now it sees revenue of $900 million, below consensus of $1.02 billion.