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Bank Income Slide...

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mtatradeoftheday.com

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TradeoftheDay@mb.mtatradeoftheday.com

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Fri, Jul 12, 2024 12:10 PM

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Wells Fargo drops in premarket after lending more money due to increased competition. Good Morning W

Wells Fargo drops in premarket after lending more money due to increased competition. [Trade of the Day Wake-Up Watchlist] Good Morning Wake-Up Watchlisters! While you’re sipping coffee you’ll see stock futures were mixed on Friday after big-name tech stocks declined yesterday. Today is shaping up to be a big one for some of the largest U.S. banks as several will report earnings before the opening bell (more on that below). With earnings season underway, we have winning strategies no matter which direction stocks go in [The War Room](. Our Head Trading Tactician Bryan Bottarelli uses “overnight trades” for potential profits if a stock goes up or down. [Click here to see how you could double your money overnight with this strategy.]( Here’s a look at the top-moving stocks this morning. Wells Fargo (NYSE: WFC) Wells Fargo is down 5.92% in premarket trading after its second-quarter profit declined. The bank had to give out more money to keep deposits amid intense competition for customers’ money. Overall, the bank’s net interest income (NII) slid 9% to $11.92 billion in the second quarter. Tesla, Inc. (Nasdaq: TSLA) Tesla is down 2.07% in premarket trading after Bloomberg reported that the electric vehicle (EV) giant is postponing the unveiling of its Robotaxi by two months. The robotaxi launch has been rescheduled to October after it was originally scheduled for August. UBS also downgraded TSLA stock to sell with a 197 price target, citing the surging premium for non-auto operations or bets. [Set Your Alarm for 4:01 P.M.]( [4:01] When the closing bell rings... most traders end their day... But ONE group makes [one simple trade AFTER 4 p.m...]( For a chance at overnight gains as high as 157%. (One just locked in a 157% win!) [Learn The Secret LIVE Wednesday, July 17 at 2 p.m. ET (Mark Your Calendar)]( AT&T Inc. (NYSE: T) AT&T is down 2.76% in premarket trading after reports that 109 million customer accounts containing records of calls and texts from 2022 were illegally downloaded in April. The U.S. telecom company said the FBI is currently investigating and at least one person has been arrested after AT&T call logs were copied from its workspace on a third-party cloud platform. Those are the biggest stock movers for today. Happy trading! The Wake-Up Watchlist Research Team [Better Than Oil Stocks]( [Click Here to Play]( The best way to profit from energy is NOT a stock... Rather, it's [this little-known alternative investment](. [CLICK HERE TO FIND OUT MORE]( [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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