Shoe Company Dips in Premarket

Nike falls as management posts weaker guidance for rest of the fiscal year. [Trade of the Day Wake-Up Watchlist] Good Morning Wake-Up Watchlisters! Feel the pull of Friday gains. Stock futures were up again this morning after a record-setting week that featured optimism surrounding interest rate hike reversals. Several corporates also reported earnings this morning, so break out the French-pressed coffee, plop down on your favorite chair and let’s look at the top movers. While traders were worrying about the Fed this week, our tacticians were crushing it in [The War Room](. Head Trading Tactician Bryan Bottarelli closed two overnight winners, including a 24% winner on GIS in less than 24 hours. Not to be outdone, our Head Fundamental Tactician Karim Rahemtulla closed a 64% winner on RTX in 143 trading days. [Click here to unlock The War Room and start trading with Bryan and Karim in real time.]( Here’s a look at the top-moving stocks this morning. Nike, Inc. (NYSE: NKE) Nike is down 6.46% in premarket after posting mixed earnings. While it beat expectations, the stock saw its biggest loss in more than a year. Management reiterated sales numbers could drop for the rest of the fiscal year, which ends in May. Our Head Trading Tactician Bryan Bottarelli got positioned on NKE in [The War Room]( yesterday. [Click here to see how Bryan’s overnight trading strategy could lead to profits even if a stock goes down.]( FedEx Corporation (NYSE: FDX) Fed Ex is up 12.59% premarket after posting strong quarterly results. The company reported adjusted earnings of $3.86 per diluated share in its fiscal 2024 third quarter, The company said cost cuts and efficiency improvements offset continued macroeconomic weakness. It also adjusted its guidance in the range to $17.25 to $18.25 from $17 to $18 per share. Earnings reports have the potential to send stocks soaring, falling or somewhere in between. But there are more opportunities to trade a stock AFTER earnings as well. Our Head Trading Tactician Nate Bear follows what he calls the “post-earnings surge” in his latest service, [Profit Surge Trader.]( So far in 2024, Nate has a 100% win rate on 26 trades using this strategy. [Click here to see learn more about Nate’s “One Ticker Payouts.”]( ["I wasn't afraid of AI until I learned this." - Joe Rogan]( See how the AI Singularity Clock could force a $15.7 TRILLION WEALTH SHIFT... starting in just three months. [Click Here.]( Lululemon Athletica (Nasdaq: LULU) Lululemon is down 12.58% in premarket after CEO Calvin McDonald cautioned investors. McDonald said “there has been a shift in the U.S. consumer behavior of late.” Shares fell to $428, which is new for the clothing retailer since it's more accustomed to rising above market headwinds while others in the fashion space struggle. Tesla, Inc. (Nasdaq: TSLA) Tesla is down 3.27% in premarket and the electric car maker’s stock has dropped by 9.81% in the past month. Tesla has reduced production at its plant in China, amid sluggish growth and increased competition in the world’s biggest auto market. Demand for electric cars has been slowing in China, the U.S. and Europe. Those are the biggest stock movers for today. Happy trading! The Wake-Up Watchlist Research Team [The AI Singularity Clock Is Ticking]( We've seen the dot-com crash... the housing bubble... and the COVID crash... but we've never seen anything like what's coming for artificial intelligence in as little as three months. It's called "the Singularity," and it refers to the exact millisecond when AI breaks free from its shackles to grow BILLIONS of times more powerful than humans. 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