| Good morning Wake-up Watchlisters! While you're sipping coffee you'll see markets were volatile this morning as Apple Inc. faced potential further losses. Apple was down 0.4% in premarket trading due to concerns about the high price of its anticipated mixed-reality headset affecting shipments. The overall sentiment across global equity markets was cautious, with traders expressing concerns about markets rising too quickly on artificial intelligence hype. While traders are sitting on the sidelines waiting for the next AI stock to pop, it can be tempting do just the same. However, right now the insiders are filing their pockets with quality companies at discounted prices for other sectors that will soon catch up with the tech boom. Our Lead Fundamental Tactician Karim Rahemtulla is currently tracking massive insider buying in non-tech sectors, which could set the table for massive spikes. Click here to learn more about how insiders think and why "following the money" could lead to gains as high as 2,250%. Here's a look at the top-moving stocks this morning. Unity Software (U) Unity Software is up 21.71% premarket after Apple's (AAPL) Worldwide Developers Conference. Apple revealed Unity's gaming software will be utilized in their new mixed reality headset, the Apple Vision Pro. The announcement highlighted Apple's collaboration with Unity to bring a range of impressive 3D apps to Vision Pro, allowing Unity-based games and apps to utilize features like pass-through, high-resolution renderings, and native gestures. The trading volume for Unity stock skyrocketed, exceeding triple the 20-day moving average, marking its most impressive intraday performance since November 10. While there's debate over how long the AI tech boom will last, it's undeniable how effective its been in keeping the markets afloat. In the first quarter, just seven tech stocks dominated the entire market. Our Lead Technical Tactician Nate Bear got positioned on one of those stocks last week in Daily Profits Live for a 177% gain in 1 trading day. Click here to start trading alongside Nate as he seeks to turn a $37,000 account into $1 million in verified trading profits. GitLab (Nasdaq: GTLB) GitLab is up 26.55% premarket after its latest earnings report. The open core company reported a quarterly loss of $0.06 per share, surpassing the Zacks Consensus Estimate of a loss of $0.14. This marks an improvement from the loss of $0.18 per share reported a year ago. The earnings surprise stands at 57.14%, following a previous quarter where the company outperformed expectations with a surprise of 80%. GitLab has consistently exceeded consensus EPS estimates over the past four quarters. In terms of revenue, the company generated $126.88 million, surpassing the Zacks Consensus Estimate by 7.85%. | 
Post a Comment
Post a Comment