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Tech Earnings in Full Swing...

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mtatradeoftheday.com

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TradeoftheDay@mb.mtatradeoftheday.com

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Tue, Apr 23, 2024 12:13 PM

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Spotify gets 7% premarket boost with more companies set to report. Good Morning Wake-Up Watchlisters

Spotify gets 7% premarket boost with more companies set to report. [Trade of the Day Wake-Up Watchlist] Good Morning Wake-Up Watchlisters! While you’re sipping coffee you’ll see stock futures were up as earnings season takes full flight. Investors are looking for tech stocks to pull the markets out of their recent rut, and Spotify got things started on a strong note (more on that below). Upcoming data including Friday’s March PCE report should also clue investors in on the state of inflation. It’s Tuesday and our Head Trading Tactician Bryan Bottarelli is announcing his latest [Catalyst Cash-Outs]( pick. [Click here to learn more about how we’re trading major market catalysts for potential overnight gains as high as 383%.]( Here’s a look at the top-moving stocks this morning. Nucor Corporation (NYSE: NUE) Nucor is down 6.33% in premarket trading after posting first-quarter earnings that were down from a year earlier. The steel company posted revenue of $8.14 billion which was weaker than the expected $8.26 billion. It also said it expects second-quarter profit to dip because of lower revenue from its steel mills segment, mainly due to lower average selling prices. Yesterday our Head Trading Tactician Bryan Bottarelli got positioned on NUE in [The War Room](. [Click here to see why a stock going down in premarket trading could lead to profit thanks to Bryan’s overnight strategy.]( General Motors Company (NYSE: GM) General Motors is up 4.90% in premarket after topping estimates for the first quarter. It cited stable demand for its gas-engine vehicles, with net income rising 24.4% to $3 billion with a 7.6% total rise in revenue to $43 billion. GM has not broken out financial results for its EV business, but early reports from Chief Financial Officer Paul Jacobson indicates a profit from that sector as well. [It's Called "the Singularity"]( A new indicator shows "the Singularity" could launch as soon as three months from now. This is the moment we've all feared, when artificial intelligence officially surpasses human intelligence. And when the Singularity hits, the entire world will be thrown into chaos. [Click here to learn how to prepare yourself for what's to come.]( Spotify Technology (NYSE: SPOT) Spotify is up 7.67% in premarket trading on Tuesday after reporting strong earnings. The streaming music leader tallied 615 million monthly users. Its monthly active users rose 19% year over year. It also earned $3.95 billion in sales, which was ahead of analyst’s estimates of $3.85 billion. United Parcel Service (NYSE: UPS) UPS is up 1.51% premarket despite struggling demand. It reported earnings per share of $1.43 and an operating profit of $1.6 billion from sales of $21.7 billion. This was slightly behind Wall Street’s expectations of $21.8 billion. Those are the biggest stock movers for today. Happy trading! The Wake-Up Watchlist Research Team [We Could Be Less Than 3 Months Away From an AI Super-Event]( According to one of the world's top AI scientists, there's a major event coming in as little as three months that could cause expensive tech stocks like Microsoft, Google and Nvidia to double or triple in price in the following months. But whatever you do, don't go all-in on Big Tech before you have all the details. [Click here.]( [Monument Traders Alliance] Monument Traders Alliance You are receiving this email because you subscribed to Trade of the Day Wake-Up Watchlist. To unsubscribe from Trade of the Day Wake-Up Watchlist, [click here](. Questions? Check out our [FAQs](. Trying to reach us? [Contact us here.]( Please do not reply to this email as it goes to an unmonitored inbox. To cancel by mail or for any other subscription issues, write us at: Trade of the Day | 14 West Mount Vernon Place | Baltimore, MD 21201 North America: 1.800.507.1399 | International: +1.443.353.4977 [Website]( | [Privacy Policy]( Keep the emails you value from falling into your spam folder. [Whitelist Trade of the Day](. © 2024 Monument Traders Alliance, LLC | All Rights Reserved Nothing published by Monument Traders Alliance should be considered personalized investment advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed personalized investment advice. We allow the editors of our publications to recommend securities that they own themselves. However, our policy prohibits editors from exiting a personal trade while the recommendation to subscribers is open. In no circumstance may an editor sell a security before subscribers have a fair opportunity to exit. The length of time an editor must wait after subscribers have been advised to exit a play depends on the type of publication. All other employees and agents must wait 24 hours after publication before trading on a recommendation. Any investments recommended by Monument Traders Alliance should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company. Protected by copyright laws of the United States and international treaties. The information found on this website may only be used pursuant to the membership or subscription agreement and any reproduction, copying or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited without the express written permission of Monument Traders Alliance, LLC, 14 West Mount Vernon Place, Baltimore, MD 21201.

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