FTC Investigation Hits Software Stock

Adobe falls in premarket trading after FTC discloses regulatory scrutiny of Adobe's subscription models. [Trade of the Day Wake-Up Watchlist] Good Morning Wake-Up Watchlisters! While you’re sipping coffee you’ll see stocks are ending on a high note Friday. European stocks are also on track for their eighth consecutive week of gains – the longest win streak since 2018. The latest US inflation data lessened the case for imminent Federal Reserve rate cuts, which contributed to the futures boost. Indexes are surging in 2024 so far, and our Lead Technical Tactician Nate Bear has been taking advantage in [Profit Surge Trader](. He currently has a 100% win rate on the year, and he recently closed 2 winning trades, a 58.54% gain on PLTR in 2 trading days, and another 79.76% gain on PLTR in 5 trading days. [Click here to see how Nate trades ONE TICKER over and over again for maximum potential gains.]( Here’s a look at the top-moving stocks this morning. Adobe (Nasdaq: ADBE) Adobe is down 11.41% in premarket due to its fourth-quarter earnings report and future guidance falling short of market expectations. Adding to the concerns was the disclosure of regulatory scrutiny by the Federal Trade Commission (FTC). Since June 2022, its been investigating Adobe's subscription models, particularly its disclosure and subscription cancellation practices. This investigation could lead to significant monetary costs or penalties, impacting Adobe's financial results and operations. Smartsheet Inc. (NYSE: SMAR) Smartsheet is down 11.27% premarket after its latest earnings report. Revenue was up 21% year-on-year to $256.9 million. However, the guidance for next quarter’s revenue was below analyst estimates, and the full-year revenue projection also missed expectations, indicating a slowdown in growth. [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.]( Coinbase Global (Nasdaq: COIN) Coinbase is down by 6.32% in premarket trading after Bitcoin’s price fell by 5%. Concerns over rising inflation and potential selling pressure from Grayscale (the world’s largest crypto asset manager) played a role in the drop. The selling pressure stems from investors redeeming their holdings in its Bitcoin Trust ETF, which has led to increased supply of Bitcoin and downward pressure on the price. Ulta Beauty (Nasdaq: ULTA) Ulta Beauty is down 6.29% in premarket trading after revising its future comparable sales and operating margins forecast downwards. The dip came despite raising its fiscal year 2024 outlook. Earlier this week our Lead Technical Tactician Nate Bear closed a winner 22.13% winner in 5 trading days on ULTA in [Daily Profits Live](. [Click here to learn more about Nate’s mission to turn $37,000 into $1 million in verified trading profits.]( Those are the biggest stock movers for today. Happy trading! The Wake-Up Watchlist Research Team [It's Called "the Singularity"]( A new indicator shows "the Singularity" could launch as soon as three months from now. This is the moment we've all feared, when artificial intelligence officially surpasses human intelligence. And when the Singularity hits, the entire world will be thrown into chaos. [Click here to learn how to prepare yourself for what's to come.]( [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](. 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