Earnings winners, plus Tesla competitor cuts costs

What you need to know                                                                                                                                                                                                                                                                                                                                                                                                                 March 08, 2024 | [Read Online]( Earnings winners, plus Tesla competitor cuts costs Good morning, 360! Here are our top investing ideas today. And please take one last moment to consider securing an [Elite trading membership]( with us before this is taken off the shelf for good TONIGHT! FOCUS LIST🔎 GIFI - Up over 25% in pre after beating earnings estimates  PRCH - Up over 20% in pre after 79% YoY revenue growth in Q4  RIVN - Closed up over 13% yesterday on news it's pausing new Georgia factory, offering new R2 and R3 vehicle models YOUR CHANCE TO JOIN ELITE ENDS TONIGHT Can’t decide which service to join? Why not try ‘em all???  ACCESS TO ALL THESE AMAZING TRADING SERVICES FOR ONE LOW PRICE ENDS IN JUST: [Join ELITE before your chance is gone for good!Â](  Contact 1-800-585-4488 / davis@ragingbull.com for questions! HOTLIST🔥 GIFI - Up over 25% in pre after beating earnings estimates Gulf Island Fabrication, Inc. (GIFI) together with its subsidiaries, operates as a fabricator of steel structures and modules in the United States. It operates through Services, Fabrication, and Shipyard divisions. In the after-hours yesterday, [the company reported]( Q4 consolidated revenue of $44.6 million vs $38.1 million a year prior. Net Income for Q4 came in at $7.1million vs $0.5 million year over year. The big earnings beat reported yesterday saw the stock trade up over 25% in the pre-market. The $6.40 area has acted as support so far in the pre-market and will be an important level to watch. Above it, targets to the upside are $6.60, $7 and then the pre-market high at $7.21. Beyond that, $7.50, $8.50, $9.50 and $10.40 come into play. Below $6.40, targets to the downside are $6, $5.80, $5.50 and then a gap to fill at $5.18.  PRCH - Up over 20% in pre after 79% YoY revenue growth in Q4 Porch Group, Inc. (PRCH) operates a software platform in the United States and Canada. The company operates through two segments, Vertical Software and Insurance. In the after-hours yesterday the [company reported]( Q4 revenue of $114.6 million, which increased 79% compared to the prior year. Q4 GAAP net loss was $2.5 million vs $35.5 million GAAP net loss a year prior. The stock traded up over 20% in pre-market in reaction to the earnings report. The $3.65 area has acted as support in the after-hours and pre-market and will be an important level to watch. Above it, targets to the upside are $3.80, $3.90 and then the pre-market high at $4.03. Beyond that, $5, $6 and $7.50 come into play. Below $3.65, targets to the downside are $3.60, $3.40, $3.30 and then a gap to fill at $3.11. RIVN - Closed up over 13% yesterday on news it's pausing new Georgia factory, offering new R2 and R3 vehicle models Rivian Automotive, Inc. (RIVN) together with its subsidiaries, designs, develops, manufactures, and sells electric vehicles and accessories. During yesterday’s trade, [RIVN announced]( that it's pausing plans to build a new factory in Georgia and would be offering new R2 and R3 vehicle models with production of the R2 shifting to its existing facility in Illinois. The decision is aimed cutting costs while the company prepares to launch a cheaper electric vehicle, the R2 as its R1 model is currently sold at a loss. Investors cheered the news, as RIVN closed yesterday up over 13% and is gapping slightly higher so far this morning. $12.74 was yesterday’s intraday high and will be an important level to watch. Above it, the first target for bulls is the pre-market high at $12.98. Beyond that $14 and $15 come into play, then there is a gap to fill at $15.39. Below $12.74, targets to the downside are $12.55, $12.40, $12.20, $12, $11.85, $11.70, $11.40, then $11.05. MARKET NEWS 📰 P.S. Make sure you text “RAGE” to (888) 404-5747 to get all of our latest HOT STOCK ideas! Questions or concerns about our products? 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