Medical Group Stock Drops
Good Morning Wake-Up Watchlisters! While you’re sipping coffee you’ll see stock futures were lower on Wednesday as investors showed concern over the volatility of artificial intelligence. Nvidia reports earnings today, and Goldman Sachs Inc’s trading desk is calling it the most important stock on earth. Its earnings could shake up markets as the tech stock has become the heart of the AI revolution.
It’s Wednesday and Our Head Trading Tactician Bryan Bottarelli has a weekly pick for you. Right now he’s guaranteeing an 80% win rate on this trade.
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Here’s a look at the top-moving stocks this morning.
Teledoc Health, Inc. (NYSE: TDOC)
Teledoc Health is down 22.30% in premarket after the company missed its fourth-quarter revenue estimates. The digital medical services platform posted guidance of $637.5 million, which came in at 5.3% below analysts’ estimates. It made a GAAP loss of $0.17 per share, improving from its loss of $15.99 per share in the same quarter last year.
Our Head Trading Tactician Bryan Bottarelli got positioned on TDOC yesterday in The War Room.
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Palo Alto Networks (Nasdaq: PANW)
Palo Alto Netowrks is down 22.70% premarket after posting weak guidance. The cybersecurity group tanked after investors considered slowing sales in computer network “firewall” products versus growth in security services delivered from its cloud computing platform.
With so much volatility in the tech sector right now, our Lead Technical Tactician Nate Bear has been looking at another possible sector to trade.
Click here to get his latest trade setup in the energy sector.