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🔥 Good Morning from Top Tickers
🔥 This Car Auction Stock Just Jumped 7% Premarket
Deals and clean beats are getting paid this morning. A car auction company is leading the tape after announcing a $1.9 billion acquisition, while a tech giant's cloud surge, a home furnishings beat, and a CEO's big insider buy round out the gainers.
On the other side, investors are punishing anyone who gave them nothing new or a reason to worry. A sparkling water maker is sliding hardest on rising costs and cautious consumers, while an in-line software outlook and a grocery chain's mixed quarter are dragging two more names lower.
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MNGU is now trading
Step into the center of the AI economy with the MicroSectors™ MANGOS+ 3X Long ex Private Companies ETNs (MNGU). Designed to deliver +3X the daily performance of the NYSE® MaNGoS+ Index — a rules-based, equal-weighted index of 10 U.S.-listed companies central to the artificial intelligence economy — MNGU is the first and only ETP with +3X exposure to MANGOS stocks..
From chips to cloud to the infrastructure powering it all, the MaNGoS+ Index captures the companies building the AI economy — and MNGU lets you go long all 10 at +3X, reset daily.
MNGU comes from MicroSectors by REX Shares, the team behind some of the most actively traded leveraged ETNs on the market. Built for sophisticated traders who take an active, short-term view and monitor their positions daily.
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🚀 Pre-Market Movers
The Biggest Gainers, Ranked
Copart (CPRT): +7%
The car auction company topped fourth-quarter revenue expectations, but the bigger headline is M&A: Copart agreed to acquire ACV (ACVA), a digital automotive marketplace, in a roughly $1.9 billion deal. The deal adds a digital marketplace to Copart's auction business, and the early read from investors is positive.
Oracle (ORCL): +6%
Oracle beat Wall Street's expectations on both earnings and revenue in its fiscal first quarter. The standout was cloud infrastructure, where revenue more than doubled and still topped estimates.
RH (RH): +5%
The home furnishings retailer topped second-quarter revenue estimates, and its full-year growth outlook brackets what analysts were expecting, with upside at the high end. A top-line beat with no guidance scare attached is a clean setup, and investors are treating it as one.
GameStop (GME): +4%
CEO Ryan Cohen disclosed that he bought 1 million more shares of the meme stock, lifting his total stake to roughly $800 million as of Thursday's close. When the person running the company puts this much of his own money on the line, retail holders tend to read it as a vote of confidence.
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📉 Pre-Market Movers
The Biggest Losers, Ranked
National Beverage (FIZZ): -7%
The LaCroix parent is sliding after its fiscal first-quarter report, with management citing pressure from tariffs, weakening consumer sentiment, and higher packaging and ingredient costs. When costs climb just as consumers turn cautious, there's very little room left to protect margins.
Adobe (ADBE): -3%
The Creative Cloud maker issued current-quarter guidance that landed roughly in line with Wall Street's estimates, and shares are sliding. There was no miss here, but there was no upside surprise either, and that left investors without a fresh reason to pay up.
Kroger (KR): -2%
The grocery chain posted a mixed second quarter, beating on earnings while revenue landed just below consensus. In a thin-margin business like grocery, the top line is the cleaner read on demand, which puts even a narrow sales miss front and center.
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Go long the AI economy at 3X
Step into the center of the AI economy with the MicroSectors™ MANGOS+ 3X Long ex Private Companies ETNs (MNGU). Designed to deliver +3X the daily performance of the NYSE® MaNGoS+ Index — a rules-based, equal-weighted index of 10 U.S.-listed companies central to the artificial intelligence economy — MNGU is the first and only ETP with +3X exposure to MANGOS stocks..
From chips to cloud to the infrastructure powering it all, the MaNGoS+ Index captures the companies building the AI economy — and MNGU lets you go long all 10 at +3X, reset daily.
MNGU comes from MicroSectors by REX Shares, the team behind some of the most actively traded leveraged ETNs on the market. Built for sophisticated traders who take an active, short-term view and monitor their positions daily.
Ready to amplify the AI trade?
👀 What We’re Watching
Here’s One Ticker That’s Trending Today
Novo Nordisk (NVO)
Novo Nordisk is one of the most-talked-about tickers on StockTwits this morning after Morgan Stanley downgraded the Wegovy and Ozempic maker to Underweight, arguing that semaglutide, the ingredient behind both drugs, faces a large patent cliff in the early 2030s. Retail sentiment on the platform has shifted from bearish to neutral on high message volume, with traders split between calling it a value entry and bracing for another leg lower.
Novo shares are already down about 15% this year, and the company hosts a capital markets day on September 21. That event could be where management either answers the patent-cliff question or hands the bears more ammunition.
✌️That’s it for today.
How are you feeling today?
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