Good morning Wake-Up Watchlisters! While you’re sipping that Lion’s Mane coffee you’ll see stocks dipped Monday after a fresh batch of weak data from China raised more concerns about the global economy. The country revealed more fallout from its COVID19 lockdowns, with the weakest slump in retail sales since March 2020.

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

Molina Healthcare (NYSE: MOH)

Molina Healthcare is up 10% premarket after the company reported earnings of $4.90 per share, beating the Zacks Consensus Estimate of $4.74. Total revenues of $7,770 million beat the consensus mark of $7,538 million. Though the stock has dropped 13% over the last month, Molina is 331% higher than it was five years ago.This is a stock to keep an eye on.

Carvana Co. (NYSE: CVNA)

Carvana Co. is up 8.33% premarket after the used car company forecast significant core earnings for 2023. They plan to pull back spending on advertising and expand in other areas to offset lower demand due to sky high prices. The company also plans to rapidly reduce its administrative expense per car sold and strike a balance between sales volumes and staffing levels. Keep an eye on Carvana going forward.

StoneCo. Ltd. (Nasdaq: STNE)

StoneCo. Ltd. Is up 4.59% premarket as the small business tech provider is forecasted to grow substantially in 2022. The company currently serves 1.7 million active payment clients in Brazil, but there are an estimated 13.5 million micro, small and medium businesses in Brazil, leaving plenty of room for growth. StoneCo. Is a company to watch going forward.

Wix.com (Nasdaq: Wix)

Wix.com is down 10.73% premarket after the website maker ceased business relations with Russia, which will cost them $3 million in revenue this year according to the company. Its estimated revenue came in at $342-346 million, well below the analysts’ forecast of $356 million. Nir Zohar, Wix’s president, also noted there is a slowdown in internet activity but expects demand to pick back up as more businesses go online. Wix.com is looking volatile.

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Those are the top market movers today.

Happy trading!

The Wake-Up Watchlist Research Team