Bank Shatters Income Record

But despite higher profits from giants like JPMorgan and Wells Fargo, new headwinds in 2024 dampen outlook. [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 Friday after a volatile week. Expectations the Federal Reserve will loosen its stance on interest rate hikes in 2024 are still in place after faster-than-expected inflation data on Thursday. Also, oil saw a 4% surge following the launch of joint military strikes by the US and its allies against Houthi rebels in Yemen. Our Lead Technical Tactician Nate Bear made an oil play on Marathon Petroleum Corporation yesterday in [Daily Profits Live](. [Click here to unlock that trade.]( Here’s a look at the top-moving stocks this morning. UnitedHealth Group Incorporated (NYSE: UNH) UnitedHealth Group Incorporated (UNH) is down 4.58% premarket after its latest earnings report. The healthcare company's earnings per share (EPS) for the quarter ending December 31, 2023, was $5.98, representing an 11.99% increase from the same quarter last year. JP Morgan Chase & Co. (NYSE: JPM) JP Morgan is up 1.76% in premarket trading. The banking giant reported $49.6 billion in annual net income, which was the most ever in American history for a bank. It blew away all rivals, including Bank of America ([BAC]( by $23 billion and Wells Fargo ([WFC]( by $30 billion. However, analysts don’t expect the bank to earn as much in 2024 as it did in 2023, dropping estimated profits to $45 billion. Earnings season provides major catalysts for stocks, which also provides major opportunities for potential gains. The problem is it’s tough to know if a stock will go higher or lower on earnings. However, our Lead Technical Tactician Nate Bear has a strategy that involves making multiple trades on [ONE TICKER]( immediately AFTER earnings for maximum potential profits. [Click here to get access to Nate’s next ONE TICKER trade on Wednesday, January 17.]( [CHATGPT PREDICTS...]( - Speculative bankruptcy rate of large tech companies: 75% - Speculative bankruptcy rate of large healthcare companies: 59% - Speculative bankruptcy rate of large financial companies: 69% 3 MONTHS UNTIL THE SINGULARITY [Buy This "AI Safety Stock"]( Bank of America (NYSE: BAC) Bank of America is down 0.72% premarket after showing its revenue fell 10% to $21.99 billion according to its latest earnings report. Analysts expected $23.7 billion. Overall, the nation’s second-largest bank earned $3.14 billion, down 56% from $7.13 billion a year earlier. Wells Fargo (NYSE: WFC) Wells Fargo is down 1.51% premarket despite seeing a 9% rise in profits. Its revenue was dragged down by a historic settlement with the Consumer Financial Protection Bureau over allegations that Wells Fargo’s loan and deposit products harmed millions of customers. Wells Fargo paid a total of $1 billion for the settlement back in May 2023. Those are the biggest stock movers for today. Happy trading! The Wake-Up Watchlist Research Team [The AI Singularity Clock Is Ticking]( We've seen the dot-com crash... the housing bubble... and the COVID crash... but we've never seen anything like what's coming for artificial intelligence in as little as three months. It's called "the Singularity," and it refers to the exact millisecond when AI breaks free from its shackles to grow BILLIONS of times more powerful than humans. [Click here to ensure you'll be on the right side of this historic event.]( [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.