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Palo Alto Networks Glows Up

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Trade of the Day Wake-Up Watchlist

Attention Readers: It's Monday and our Lead Technical Tactician Nate Bear is giving you his weekly stocks to watch. This week he has his eyes on a tech company and is looking for the indexes to show support. Click the image below to see what he's looking at.

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Good morning Wake-up Watchlisters! While you're sipping coffee you'll see stock futures broke out of their 2-week slump. Palo Alto Networks rallied (more on that below). Plus, the next clues on the current economic policy outlook will come from this week's annual gathering at Jackson Hole, Wyoming with Federal Reserve Jerome Powell speaking on Friday.

No matter what side of the bed Powell wakes up on, we'll be ready in the War Room. Our Head Trading Tactician Bryan Bottarelli specializes in making simple, two-minute trades that capitalize on a stocks volatility in either direction.

Click here to learn more about how overnight trading could help you double your money in less than 24 hours.

 

Here's a look at the top-moving stocks this morning.

Palo Alto Networks (Nasdaq: PANW)

Palo Alto Networks is up 12.18% in premarket trading after a strong earnings report plus boosting its full-year sales forecast. Group revenues were up 26% at $1.953 billion, matching analysts' estimates. The current forecast is $10.9 billion and $11 billion, with revenues in range of $8.15 to $8.2 billion.

 

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NVIDIA Corporation (Nasdaq: NVDA)

Nvidia is up 2.46% premarket ahead of the AI giant's earnings report on Wednesday. Last May, the chipmaker published massive quarterly earnings that effectively kick-started the rally in AI stocks around the world. Wall Street expects the chip company to guide for a rise of about 110% in third-quarter revenue to $12.50 billion, according to Refinitiv. Nvidia has only forecast revenue below estimates once in the past two years.

The latest numbers for Nvidia could decide the direction of market next week since most of the S&P 500's gains in 2023 have come from the AI-driven rally in Nvidia and Big Tech stocks.. Our Lead Technical Tactician Nate Bear has been focusing on the AI boom all year in Daily Profits Live. Last May, he closed a 139% winner on AI in just six trading days.

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Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team

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