COVID Product Sales Give This Company a Boost
Good morning Wake-Up Watchlisters! While you’re sipping that first cup of hibiscus herbal tea you’ll see stock futures were flat Wednesday as investors await a new path for monetary policy. A key indicator will be The Labor Department’s April Consumer Price Index (CPI), which is set to release today.
Here’s a look at the top-moving stocks this morning.
Quidel Corp. (Nasdaq: QDEL)
Quidel Corp. is up 9.67% premarket after robust sales of its Rapid Iummnoassay products. Total revenue came in at $1 billion for the first quarter, which jumped 167% year over year. Also, total revenues from COVID-19 products increased 211% year over year to $836.1 million. Quidel is looking strong.
GoHealth, Inc. (Nasdaq: GOCO)
GoHealth is up 6.19% premarket following net revenue numbers of $270.6 million in its latest earnings report. Cash flow from operations increased 75% to $54.5 million. The digital health company had 300,643 submitted policies, which is a 62% increase. GoHealth is a stock to keep an eye on going forward.
SunRun (Nasdaq: RUN)
SunRun is up 4.89% premarket as the renewable energy sector continues to see more focus from government officials. Low carbon sources such as solar and wind energy are growing exponentially, and global energy transition investments have reached $755 billion in 2021. While SunRun’s share price went down 21% in the last month, the stock is up 330% overall over the last five years. SunRun is worth keeping an eye on.
While the renewable energy sector remains hot, there’s another stock that stands to gain immensely from the current market. We’re calling it the ‘Last Great Value Stock’ and it’s currently trading at under $2. You’ll have to get in fast though – there’s an announcement happening tomorrow that could send it soaring. Click here to view this stock.
Unity Software (NYSE: U)
Unity Software is down 23.56% premarket after missing revenue guidance in its latest earnings report. The company posted revenues of $320.13 million for the quarter ended March 2022, missing the Zacks Consensus Estimate by 0.15%. This compares to year-ago revenues of $234.77 million. Overall, shares have lost about 64.8% since the beginning of the year. Unity is a volatile stock right now.
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Those are the top market movers today.
The Wake-Up Watchlist Research Team