Too Many Squishmallows...

Five Below sees a 15% drop in premarket trading after overstock hurts revenue. [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 Thursday after rallying to record highs on Wednesday. Chipmaker Nvidia pushed the S&P and the Nasdaq to new heights after it became the third company to receive a $3 trillion or more market valuation. Investors also priced in more rate cuts for the sixth day in a row. While Nvidia continues to dominate the headlines, most people are missing out on an even bigger story. The public doesn’t know about this – but Nvidia has a [secret partner]( that’s just a fraction of the chipmaker's size. Yet - its new technology solves one of the biggest problems the tech group is facing. [Click here to see why this AI startup is poised to dominate the potential $25.6 trillion per year AI market.]( Here’s a look at the top-moving stocks this morning. Five Below (Nasdaq: FIVE) Five Below is down 15.76% in premarket trading due to an overstock of Squishmallows, which hurt revenue numbers. The company came out with quarterly earnings of $0.60 per share, missing the Zacks Conensus Estimate of $0.62 per sahre. The quarterly report represented an earnings surprise of -3.23%. Semtech Corporation (Nasdaq: SMTC) Semtech Corporation is up 8.82% in premarket trading after reporting $206.11 million in revenue for the quarter. The semiconductor company said it expects second-quarter earnings per share of 9 cents, and sales of $212 million, which were ahead of Wall Street estimates of $210.2 million. Yesterday Our Head Trading Tactician Bryan Bottarelli got positioned on SMTC in [The War Room](. [Click here to join our War Room Open House and unlock that trade for FREE.]( [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.]( Smartsheet Inc. (NYSE: SMAR) Smartsheet is up 14.74% in premarket trading after coming out with quarterly earnings of $0.32 per share, which beat the Zacks Consensus Estimate of $0.27 per share. The SaaS company also reported revenue of $262.98 million. Major software companies like Google, Microsoft and Apple have outperformed the markets 46 to 1 over the past 20 years. Now, Oxford Club’s Chief Investment Strategist Alexander Green is releasing a new breakdown of what he’s calling [“The Next Magnificent Seven.”]( These are seven stocks he believes could be the new outperformers going forward. [Click here to unlock these “Magnificent Seven” stocks.]( Lululemon Athletica (Nasdaq: LULU) Lululemon Athletics is up 7.96% in premarket trading after the yoga pants maker announced it's raising its share buyback authorization by $1 billion. This was the second time in six months the company has boosted returns for shareholders. Novavax (Nasdaq: NVAX) Novavax is up 12.30% in premarket trading after the vaccine maker said it would be able to deliver a regular-reccomended vaccine against a strain of Covid-19 by early fall. The U.S. Food and Drug Administration’s Vaccines and Related Biological Products Advistory Committee voted to recommend that Covid-19 vaccines be upated for the upcoming season. Those are the biggest stock movers for today. Happy trading! The Wake-Up Watchlist Research Team [The Chance Meeting That Made Alex a Fortune]( Sometimes, the best investment advice comes from where you least expect it. For Alexander Green, it was from a casual chat during a basketball game 30 years ago. Uncover how this unexpected advice led to the biggest wins of Alex's career. [Click here to learn this secret.]( [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. 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