Website Maker Surges 7% in Premarket

By George Banko

May 20, 2024

Attention Traders: It’s Monday and our Lead Technical Tactician Nate Bear is giving you his weekly stocks to watch. Click the image below to see the stocks on his radar this week.

Nate has been crushing his post-earnings surge picks in Profit Surge Trader. Last week he closed a 47.30% winner on NTAP in 2 trading days.

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Good Morning Wake-Up Watchlisters! While you’re sipping coffee you’ll see stock futures were up on Monday. The market rally should continue, at least in the short term, as big artificial intelligence names are due to report this week.

One of those artificial intelligence names. Nvidia (NVDA), is reporting earnings in two days, and the stock was already up 1.4% in premarket trading this morning. Tomorrow our Head Trading Tactician Bryan Bottarelli is going LIVE to reveal his Nvidia trading strategy during his “Nvidia Super Trade Event.” It’s completely free, but you’ll have to sign up below soon.

Click here to access Bryan’s Super Trade event for free today.

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

Wix.com (Nasdaq: WIX)

Wix is up 7.60% in premarket trading after lifting its fill-year bookings and revenue outlooks following first quarter results. The website maker provided guidance for the second quarter of 2024 with revenue projections ranging from $431 million to $435 million. For the full year, it anticipates revenues to be between $1.73 billion and $1.761 billion. Overall, the quarterly report represented an earnings surprise of 25%.

Li Auto (Nasdaq: LI)

Li Auto is down 4.26% in premarket trading after the Chinese electric-vehicle maker reported a significant decline in revenue. Net profit in the first quarter declined 37% and missed analysts’ estimates. It delivered 80,400 vehicles in the first quarter, exceeding the upper end of its lowered guidance range of 76,000 to 78,000 units. That was down 39% from the fourth quarter of last year.