Starbucks stock falls in premarket trading after lower-than-expected sales in latest earnings report. [Trade of the Day Wake-Up Watchlist] Good Morning Wake-Up Watchlisters! While youâre drinking home-brewed coffee over pricey lattes, youâll see stock futures fell on shaky earnings and renewed worry over interest rates Wednesday. Earnings from tech companies were mixed, however megacap Amazon rose 1.7% after earnings with revenue jumping 13%. Now investors will wait on the Federal Reserveâs latest policy decision today. With earnings season chugging along, our Lead Technical Tactician Nate Bear just kicked off what heâs calling a [â100-day AI trading sprint.â]( This year the artificial intelligence market is projected to reach over $350 billion. But Nate isnât concerned about the future, heâs focusing on whatâs happening right now in Ai. [Click here to see how Nateâs deep dive into the current Ai market could score you gains of 295% overnight.]( Hereâs a look at the top-moving stocks this morning. Pinterest (NYSE: PINS) Pinterest is up 16.65% in premarket trading after skyrocketing past its earnings forecast. The commerce-driven social media site posted revenue of $740 million, which was up 23% from the year earlier period. Management forecasted $690 million to $705 million. Overall, it ended the quarter with 518 million monthly active users, up 12% from a year earlier. Starbucks (Nasdaq: SBUX) Starbucks is down 13.27% in premarket after seeing sales fall for the first time since 2020. Budget conscious consumers shook their noses at half-off deals and creative latte offerings, and the coffee company cut its full-year revenue growth forecast to low single-digits. CEO Rachel Ruggeri cited colder-than-usual weather in January and a more cautious consumer as reasons for the dip. The truth is a stock going down isnât necessarily a bad thing if you know this [one simple trick](. Our Head Trading Tactician Bryan Bottarelli has a timing pattern that works during bull and bear markets. [Click here to see how Bryan made 246% total gains during the COVID crash with this strategy today.]( [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.]( CVS Health (Nasdaq: CVS) CVS is down 12.13% in premarket trading after rising medical costs over the past few quarters due to higher demand hurt U.S. health insurers. The Medicare Advantage challenges let to net income dropping to $1.11 billion from $2.14 billion. It also cut its earnings forecast for 2024 to at least $7 from at least $8.30. Earnings are the common time to get in on a stock. However, there are plenty opportunities AFTER earnings to make profits as well. Our Lead Technical Tactician Nate Bear follows what he calls the [âpost-earnings surgeâ]( pattern which provides him ample opportunities to trade multiple winners on just one stock. Nate has a 87.5% win rate with this strategy in 2024. [Click here to see how Nate trades these gap ups after an earnings surprise.]( Skyworks Solutions (Nasdaq: SWKS) Skyworks is down 15.09% in premarket trading after reporting second-quarter revenue of $1.05 billion, which was within the companyâs target range of $1.02 billion to $1.07 billion. But CEO Liam Griffin said the company in its second quarter saw âbelow normal trendsâ in its mobile phone business âwith lower-than-expected end market demand.â Now it sees revenue of $900 million, below consensus of $1.02 billion. [U.S. Government Report Alert Tuesday, May 7]( [Repost and Gains]( Every Time the Government Releases Jobs, Inflation, GDP and Other Economic Reports... Use he JOLTS Loophole to Target Up to 253%... 327%... Even 383% Overnight Profits! [Discover the Secret Loophole]( [Monument Traders Alliance] Monument Traders Alliance You are receiving this email because you subscribed to Trade of the Day Wake-Up Watchlist.
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