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Paycom Craters in Premarket

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mtatradeoftheday.com

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TradeoftheDay@mb.mtatradeoftheday.com

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Wed, Nov 1, 2023 12:21 PM

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Software company on pace to lose a third of its value after weak fourth-quarter results. , our Lead

Software company on pace to lose a third of its value after weak fourth-quarter results. [Trade of the Day Wake-Up Watchlist] Good morning Wake-up Watchlisters! While you’re sipping coffee you’ll see stock futures were down on Wednesday ahead of the Federal Reserve’s latest interest rate decision. It’s expected the Fed will hold rates steady at a 22-year high for a second meeting. It’s also possible it could raise interest rates in December if the economy stays resilient. There’s a real fear a recession is coming, but our trading tacticians know how to help you stay level-headed in these volatile markets. Last week in [Profit Surge Trader]( our Lead Technical Tactician Nate Bear closed all 8 of his trades for winners (100% win rate), including an 80% gain on NFLX in 1 trading day. [Click here to see how Nates follows a unique “post-earnings surge” pattern to trade one stock over and over again.]( Here’s a look at the top-moving stocks this morning. Paycom Software (NYSE: PAYC) Paycom Software is down 37.15% premarket. The payroll processor is projected to wipe more than $5 billion its market capitalization after fourth-quarter revenue lagged estimates. The company projected revenue in the $420-425 million range, but analysts were expecting $452 million. The stock is set to open at its lowest since early 2019, if current levels hold. [Price Is What You Pay, value Is What You Get]( If Warren Buffett Takes His Own Advice - This $3 Stock Just Might Be the Biggest Value in Wall Street History ([See How to Get the Ticker Symbol Here!]( First Solar, Inc. (Nasdaq: FSLR) First Solar is up 4.23% premarket after posting a profit for the latest quarter. It now expects full-year earnings per share of $7.20 to $8.00, raising its outlook to $7.60 from $7.50. The U.S. solar industry expects to add a record 32 gigawatts of production capacity this year, up 53% on new capacity in 2022. Caesars Entertainment (Nasdaq: CZR) Caesars Entertainment is up 5.92% premarket. The entertainment group reported $2.99 billion in revenue for the quarter ending September 2023, representing a year-over-year increase of 3.7%. earnings per share of $0.34 for the same period compares to $0.24 a year ago. The EPS surprise came in at 25.93%. Those are the biggest stock movers for today. Happy trading! The Wake-Up Watchlist Research Team [Claim Your FREE Ultimate Dividend Package]( [Ultimate Dividend Package]( Today, you can claim the Ultimate Dividend Package... For FREE. (No credit card required!) Inside, Marc Lichtenfeld - bestselling author of Get Rich with Dividends and world-renowned income expert - is giving away his [top five dividend picks](. [Click here to get the names and ticker symbols of the top dividend stocks in the market!]( [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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