Palo Alto Networks Glows Up

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Good morning Wake-up Watchlisters! While you’re sipping coffee you’ll see stock futures rebounded after a 2-week slump. Palo Alto Networks rallied (more on that below) and the next clues on the policy outlook will come from this week’s annual gathering at Jackson Hole, Wyoming as Federal Reserve Jerome Powell speaks on Friday.

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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 posting stronger-than-expected fourth quarter earnings late Friday while boosting its full-year sales forecast. Group revenues were up 26% at $1.953 billion, matching analysts’ estimates. The current forecast is 2024 billings tally of between $10.9 billion and $11 billion, with revenues in range of $8.15 to $8.2 billion.

NVIDIA Corporation (Nasdaq: NVDA)

Nvidia is up 2.46% premarket after the chipmaker published blowout quarterly earnings in late May the effectively kick-started the rally in AI-related stocks around the world. The AI ringleader will publish its second quarter close of trading on Wednesday.

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Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team

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