Good morning, Wake-Up Watchlisters! Put on your bunny slippers, pop in a Kuerig cup, feed the cat before she loses her mind, and then let’s check out the premarket action.

The markets are tentatively green this morning. All eyes are on Frankfurt as the European Central Bank prepares to lift interest rates for the second time in a row, despite the troubling signs in the economy.

Combating inflation is at the top of the docket, and rate hikes are the usual treatment. There are even talks of a 75-basis point “Jumbo” hike which could have a major impact on the markets.

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

Asana Inc. (NYSE: ASAN)

Asana Inc. Stock is up 23.21% premarket. After a nice earnings beat, the project management software company is surging. Asana leadership reported $134 million in revenue instead of the expected $127.24 million and reporting a net loss per share of $0.34 vs the expected $0.39. Bigger business deals in the US are credited for the great results with a growing group of customers spending in excess of $100,000 a year on the software.

Bright Green Corp. (NYSE: BGXX)

Bright Green Corp. is up 15.38% premarket. Leadership for the cannabis company announced yesterday that it will be raising $10 million in a private placement deal with institutional investors expected to close Sept 12th. While shares are still under $2, a far cry from their height of $58, the private placement news comes as a welcome move for shareholders. This funding will also help Bright Green in its plan to acquire Alterola Biotech, a deal announced at the end of August.

American Eagle Outfitters Inc. (NYSE: AEO)

American Eagle Outfitters Inc. is down 13.98% premarket. This drop comes after the teen clothing retailer missed earnings with a -69.23% surprise, coming in at $0.16 earnings per share vs the expected $0.24 a share. Leadership is blaming inflation for the poor performance and have already taken steps to freeze hiring, cut non-critical expenses and lower capital spending to reduce damages from rising costs.

Torrid Holdings Inc. (NYSE: CURV)

Torrid Holdings Inc. is down 15.28% premarket after releasing its Q2 earnings report last night. While it slightly surprised on revenue, the apparel company missed its earnings estimates coming in at $0.22 a share vs the expected $0.24. This miss doesn’t come as a total surprise, over the past few weeks company leadership has been pointing to inflation and supply chain issues as pain points for Torrid leading up to the announcement.

Earnings reports continue to be a major driver in today’s markets, often leading to double-digit share price swings in less than 24 hours. If you want to leverage these reports for outlandish gains, we’ve got the best way to do so, straight from America’s #1 Retirement Expert.

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Those are the top market movers today.

Happy trading!

The Wake-Up Watchlist Research Team