Good Morning Wake-Up Watchlisters! While you’re sipping coffee you’ll see stock futures were lower on Thursday. Investors are looking ahead to the U.S. core personal consumption expenditure gauge data due later today. The data will likely show a rough path to reach the Fed’s 2% inflation target. A hotter-than-expected reading could erase any hope of a rate cut in March.

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

Okta, Inc. (Nasdaq: OKTA)

Okta is up 23.33% in premarket after reporting a 19% year-over-year increase in Q4 revenue, reaching $605 million. Subscription revenue also grew by 20% year-over-year to $591 million in Q4. The San Francisco-based company continues to deliver robust financial performance in 2024, citing strong demand from large customers.

Snowflake (NYSE: SNOW)

Snowflake is down 22.32% in premarket after the cloud-based warehouse company offered disappointing guidance for its January 2025 fiscal year. The company also announced that CEO Frank Slootman is retiring immediately, and will be replaced by Sridhar Ramaswamy, who has been senior VP of AI at Snowflake.