4 Hot Stocks to Watch Today 🔥

US benchmarks took steep losses early in the session, but recovered substantially before the closing bell. The Dow and S&P 500 both moved less than 0.1%, and the Nasdaq lost 0.1%. The small-cap Russell 2K added 0.2%.

This morning, futures are on the rise in early-morning trading. S&P 500 contracts are currently showing a 0.2% decline.

💰 Juul Seeking Deal with Tobacco Giants: According to an exclusive Wall Street Journal report, e-cigarette maker Juul is in pursuing a potential sale, investment, or alliance with Philip Morris [PM], Japan Tobacco [JAPAY], and Altria [MO].

A strong earnings report is boosting shares of Seagate Technology.

This morning, the digital storage company reported its fiscal Q2 results, and the results were better than expected.

Seagate reported EPS of $0.16 on revenues of $1.89 billion, beating the Street's estimate of $0.09 EPS on $1.83 billion in revenues.

The company's Q3 revenue guidance came in at $2 billion, which also surpassed the consensus of $1.83 billion.

Seagat also declared a quarterly dividend of $0.70 payable to shareholders of record on March 22nd, 2003.

STX is leading the S&P 500 with an 8.7% gain on active trading volume.

My Take: STX has been trending upward since the start of this month, and it's trading at a great valuation. This stock could be headed higher in the weeks ahead if it can keep this momentum rolling.

Qualtrics International is moving higher after a strong earnings report.

The software company swung to a profit in Q4 and reported an increase in revenue from the year-earlier quarter.

Qualtrics' adjusted net income of $0.03 per share topped the consensus estimate of $0.02.

Revenues of $389.1 million also topped analysts' $381.1 million target, and its Q1 2023 earnings guidance also surpassed expectations.

XM is up 30.6% in the wake of its strong Q4 report.

My Take: Like many stocks, XM got killed in 2022, but it's been creeping higher in recent weeks. The company's 2023 guidance was much better than expected, and there could be more gains in this stock's future if it can deliver.

Cryptyde is heating up after an upbeat business update.

Early this morning, the bitcoin mining company announced its full-year revenue guidance for 2023 is $60 million.

Cryptyde says the estimate is based on strong performance from its subsidiaries Forever 8 Fund and Ferguson Containers.

CEO Brian McFadden said, "We are very excited about the potential for growth in the coming year."

TYDE is up 26.5% on active premarket trading volume in the wake of its announcement.

My Take: TYDE's revenue guidance is just an estimate, so there's no guarantee it will generate those earnings. However, this very-tiny-float stock is making a substantial move on the news. This could be a pump & dump.

Buzz Feed just landed a huge deal.

The tiny media company just landed a content production deal with Mark Zuckerburg's Meta [META] that's valued at close to $10 million.

Under the terms, BuzzFeed agreed to help generate creator content for Meta's platforms and train creators to grow their online presence.

News of the deal sent shares of BuzzFeed soaring. It's currently up 39.9% in the premarket.

My Take: BZFD has been showing signs of life in January, and it's P/E is currently reading at 6.05.

Mastercard Incorporated [MA] ... AM
Comcast Corporation [CMCSA] ... AM
Blackstone Inc.[BX] ... AM
Marsh & Mclennan Companies, Inc. [MMC] ... Am
Northrop Grumman Corporation [NOC] ... AM
Sherwin-Williams Company (The) [SHW] ... AM
Valero Energy Corporation [VLO] ... AM
Visa Inc. [V] ... PM
Intel Corporation [INTC] ... PM
Kla Corporation [KLAC] ... PM