Kamis, 04 Januari 2024

Pharmacy Giant Cuts Dividend

Trade of the Day Wake-Up Watchlist

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Good Morning Wake-Up Watchlisters! While you're sipping coffee you'll see stock futures held steady on Thursday after yesterday's sell-off. Oil continued its surge as conflict in the middle east continues to aid concerns. Investors will be putting their attention on key US non-farm payrolls data on Friday for signs on the health of the economy.

Despite the volatile markets early in 2024, we're already off to a scorching start in The War Room. This week our Lead Fundamental Tactician Karim Rahemtulla has already closed five double digit winning trades. These include a 71.22% gain on CLF in 246 trading days, a 57.81% gain on SCHW in 293 trading days, a 29.87% gain on ET in 180 trading days, and a 38% gain on TEVA in 493 trading days.

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Here's a look at the top-moving stocks this morning.

Walgreens Boots Alliance (Nasdaq: WBA)

Walgreens Boots Alliance is up 3.44% in premarket trading after its latest earnings report. The company topped earnings and revenue expectations on Thursday, but cut its quarterly dividend in half. The retail pharmacy giant slashed its dividend to 25 center per share. Its dividend yield is now 3.9% based on Wednesday's closing price.

 

RPM International (NYSE: RPM)

RPM International is down 6.66% premarket after reporting higher earnings in its fiscal second quarter as its gross margin improved. But despite its higher earnings, weak demand kept sales flat with year-ago levels. Sales came in at $1.79 billion, which was even with its top line in the year-ago quarter and below analyst projections for $1.84 billion, according to FactSet.

 

We Could Be Less Than 3 Months Away From an AI Super-Event

According to one of the world's top AI scientists, there's a major event coming in as little as three months that could cause expensive tech stocks like Microsoft, Google and Nvidia to double or triple in price in the following months. But whatever you do, don't go all-in on Big Tech before you have all the details. Click here.

Tesla, Inc. (Nasdaq: TSLA)

Tesla is up 0.29% premarket after falling more than 4% in after hours trading despite record deliveries. CEO Elon Musk reported the company delivered 484,507 vehicles in the fourth quarter and 1.81 million in 2023, exceeding its 1.8 million target. Cathie Wood's Ark Invest also bought Tesla shares on Wednesday.

Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team

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