Optical Networking Company Spikes 13%
Attention traders: It’s Monday and that means our Lead Trading Tactician Nate Bear is releasing his “Monday Morning Watchlist.” Last week he was looking at the SPX to land at 3930, and it finished at 3928! He also has his eye on a play in the AI sector. Click the image below to check out his picks.
Good morning Wake-Up Watchlisters! While you’re sipping coffee you’ll see stocks fell mostly flat on Monday. Wall Street is kicking off a week that includes the U.S jobs report for February and Federal Reserve Chairman Jerome Powell’s testimony before congress.
With the stock market in flux, it’s crucial to consider value stocks that actually have a chance of going up over time. Right now our Head Fundamental Tactician Karim Rahemtulla is high on this $1 stock. It recently spiked 22% and analysts are projecting it still has a lot of room to grow.
Click here to unlock this under $1 company.
Here’s a look at the top-moving stocks this morning.
Ciena Corporation (NYSE: CIEN)
Ciena Corporation is up 13.28% premarket after a major earnings beat. The optical networking company reported first-quarter results that beat expectations by wide margins. Revenue grew 25.1% to $1.06 billion, above the consensus estimates of $959.4 million. Overall, net income rose to $76.2 million.
One of our favorite strategies we use in the War Room to play major news for a company is called “overnight trading.” This strategy allows traders to make a simple trade late in the day and then wait until the next morning for a potential big move.
Click here to learn more about overnight trading.
Signature Bank (Nasdaq: SBNY)
Signature Bank is down 4.12% premarket as shares are being dragged down amid a financial crisis at Silvergate Capital. Analysts are growing a bit more cautious on Signature stock. Despite the drop, SBNY’s dip is nothing compared to Silvergate (SI), a stock that plunged almost 58% to an all-time low in the previous session.
Keeping up with solid business fundamentals and avoiding shady companies is key to picking winning stocks on a consistent basis. One of the major fundamental strategies our Head Fundamental Tactician Karim Rahemtulla uses is tracking insider buying (the legal kind).
Click here to see how “following the money” could lead to gains of 2,250%.
Those are the biggest stock movers for today.
The Wake-Up Watchlist Research Team