Steel Steps Up Premarket
Good morning Wake-Up Watchlisters! While you’re sipping apple cider kombucha you’ll see US stock futures gained Friday. The boost comes after major central banks closed liquidity taps amid fear of an economic downturn. Friday also brings the quarterly event known as triple witching, which could bring temporary relief to the markets.
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Here’s a look at the top-moving stocks this morning.
United States Steel Corp. (NYSE: X)
United States Steel is up 7.20% premarket after receiving a strong second quarter outlook. The company’s balance sheet remains solid with an overfunded pension plan and no significant debt maturities until 2029. The company also expects adjusted net earnings per diluted share of $3.83 to $3.88, versus a consensus of $3.20. Keep an eye on United States Steel Corp going forward.
STORE Capital Corporation (NYSE: STOR)
STORE Capital Corp. is up 5.86% premarket after the company recently declared a quarterly dividend. The dividend is for $0.385 per share for the second quarter ending June 30, 2022. The dividend will be paid on July 15, 2022 to STORE Capital stockholders of record on June 30. Keep an eye on STORE Capital going forward.
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Roku, Inc. (Nasdaq: ROKU)
Roku is up 4.86% premarket after announcing its first partnership to make TV streaming the next e-commerce shopping destination. The company is partnering with Walmart to become the first retailer to enable streamers to purchase featured products fulfilled by Walmart directly from Roku, America’s No. 1 streaming service. Roku is looking strong.
Adobe, Inc. (Nasdaq: ADBE)
Adobe is down 3.93% premarket after the company slashed guidance and missed earnings. Revenue and profit came in at above expectations, but its full-year guidance missed what Wall Street was expecting. The company cited its decision to cease all sales in Russia due to the Russia/Ukraine conflict as a major reason for its guidance. Adobe is looking volatile.
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Those are the top market movers today.
The Wake-Up Watchlist Research Team