Video Game Maker Falls 4%
Good morning Wake-Up Watchlisters! While you’re sippin coffee you’ll see stock futures fell on Tuesday. The “goldilocks” scenario where bankers seek early, rapid rate cuts in 2024 is up for debate – again. The latest news is just another one of the many dramatic shifts in market sentiment regarding rate cuts in 2023.
The constant shift in rate cut narratives from the Fed has been a source of confusion for investors in 2023. Will they raise rates? Will they stop raising rates? The story seems to change every day. That’s why our friend Alexander Green is showing readers how to build the “Perfect Fed-Proof Portfolio” on Wednesday, Dec. 6 at 1 p.m. EST. Today is the last day to sign up for FREE though, so make sure you get your free ticket.
Here’s a look at the top-moving stocks this morning.
GitLab Inc. (Nasdaq: GTLB)
Gitlab is up 14.30% premarket as a result of its first ever adjusted operating profit. Its revenue came in at 9 cents per share vs. an expected loss of 1 cent per share. It also posted $149.7 million in revenue vs. $141.5 million expected.
Certain Tech stocks have proven to provide consistent gains in the market, and yesterday our Lead Technical Tactician Nate Bear closed a 60% winner on META in less than 1 trading day in Daily Profits Live.
Take-Two Interactive Software (Nasdaq: TTWO)
Take-Two is down 4.56% premarket after the investors sold stock following the software company’s release of the latest Grand Theft Auto trailer. The company said the game would be released in 2025 on Sony Playstation 5. The video game is likely to impact Take Two’s revenue following its release, as the last iteration went on to become the second best-selling video game in history, trailing only Microsoft’s Minecraft.
The truth about trading the stock market is stocks are more unpredictable at the start of the trading week. However, as the week goes on, our Head Trading Tactician Bryan Bottarelli trims his stock watchlist down to about five tickers, and every Wednesday he makes a trade that he’s guaranteeing an 80% win rate on.