Yikes Plug Power…

Good morning Wake-up Watchlisters! While you’re sipping coffee you’ll see stock futures fell on Friday after Federal Reserve Chairman Jerome Powell’s latest warning. Powell said officials would move carefully but won’t hesitate to tighten policy further if needed to contain inflation. For more information on how interest rates are affecting the markets, check out our Head Fundamental Tactician Karim Rahemtulla’s latest article here.

Our Lead Technical Tactician Nate Bear has been following the major indexes all week. And yesterday he used his chart analysis strategy to close a 70% winner on SPY in 1 trading day. Click here to learn more about Nate’s latest trade.

And if you’re ready to level up your chart analysis skills, click here to look over Nate’s shoulder as he seeks to turn a $37,000 account into $1 million in verified trading profits.

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

Unity Software (NYSE: U)

Unity Software is down 14.78% premarket after missing analyst’s expectations in Q3. Revenue was up 68.5% on the year to $544.2 million. Turning to EPS, Unity made a GAAP loss of $0.32 per share, improving from its loss of $0.84 per share in the same quarter last year. Also, Unity opted this quarter to stop giving financial guidance.

Our Lead Trading Tactician Bryan Bottarelli got positioned on U yesterday in The War Room.

Click here to see how Bryan’s overnight trades could double your money overnight.

Plug Power Inc. (Nasdaq: PLUG)

Plug Power is down 31.53% premarket after warning investors that it may not be able to survive its current cash squeeze. The hydrogen fuel cell provider saw its stock crash due to supply chain disruptions and a severe cash burn rate. It also posted weaker-than-expected third quarter sales of $199 million last night, due to what it described as “unprecendented hydrogen supply challenges.”

The Trade Desk, Inc. (Nasdaq: TTD)

The Trade Desk is down 26.45% premarket after the digital advertising platform gave a weak revenue forecast for the current quarter, sending up a warning flare about the health of the ad market. Major social media companies like Meta, Snap and Pinterest also fell on the news of Trade Desk’s outlook. Revenue for the quarter ending in December will be at least $580 million. Analysts projected $610 million.

Illumina (Nasdaq: ILMN)

Illumina is down 11.22% premarket after it reported revenue of $1.12 billion, up 0.4% over the same period last year. EPS came in at $0.33, compared to $0.34 in the year-ago quarter. However, overall revenue came up short compared to estimates, with overall product revenue coming in at $941 million versus the four-analyst average estimate of $945.31 million.

Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team