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Starbucks stock falls in premarket trading after lower-than-expected sales in latest earnings report

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 you’re drinking home-brewed coffee over pricey lattes, you’ll 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 Reserve’s latest policy decision today. With earnings season chugging along, our Lead Technical Tactician Nate Bear just kicked off what he’s calling a [“100-day AI trading sprint.”]( This year the artificial intelligence market is projected to reach over $350 billion. But Nate isn’t concerned about the future, he’s focusing on what’s happening right now in Ai. [Click here to see how Nate’s deep dive into the current Ai market could score you gains of 295% overnight.]( Here’s 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 isn’t 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 [“post-earnings surge”]( 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 company’s target range of $1.02 billion to $1.07 billion. But CEO Liam Griffin said the company in its second quarter saw “below normal trends” in its mobile phone business “with lower-than-expected end market demand.” 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. 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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