Cybersecurity Sector Armors Up

Good morning Wake-Up Watchlisters! While you’re sipping that first cup of Vietnamese ice coffee you’ll see U.S. equity futures pushed higher Friday after China lowered five-year loan primes to bolster its economy.

Despite the optimism, U.S. traders will be bracing for more volatility due to monthly expiration of options tied to exchange and equity funds. This is a process known for stirring up markets.

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

Palo Alto Networks (Nasdaq: PANW)

Palo Alto Networks is up 11.26% premarket after the company reported strong earnings for the third quarter. Palo Alto came in at $1.79 per share, beating the Zacks Consensus Estimate of $1.67 per share. This represents an earnings surprise of 7.19%. Keep an eye on Palo Alto going forward.

Crowdstrike Holdings (Nasdaq: CRWD)

Crowdstrike Holdings is up 5.72% premarket. The cybersecurity company continues to post strong numbers despite the current markets. Its last quarter revenue growth grew by 62.7%. The company does have some long-term debt of about $739.5 million, but it also has cash + short term investments of $2 billion. Crowdstrike is looking strong.

Ross Stores (Nasdaq: ROST)

Ross Stores is down 25.94% premarket after the company’s earnings, revenue, and same-store sales fell short of Wall Street’s expectations. The company earned 97 cents a share with a revenue of $4.33 billion, while analysts were looking for EPS of $1 with revenue of $4.53 billion. The retail sector overall has taken a hit this week, with major stores like Walmart (NYSE: WMT) and Target (TGT) seeing drops as well. Ross stores is volatile right now.

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Burlington Stores (NYSE: BURL)

Burlington is down 8.34% premarket as the company expects to report an earnings decline for the first quarter. The report is expected to be released on May 26. The price target was lowered by analysts at UBS Group AG from $218 to $209. Deutsche Bank also lowered expectations from $235 to $223. Burlington is looking uncertain.

These sectors are screaming ‘buy me’

Despite certain sectors reeling, there are some companies begging to be bought. Our Head Trading Fundamental Tactician writes about a sector that’s on fire right now. Click here to read more.

Those are the top market movers today.

Happy trading!

The Wake-Up Watchlist Research Team

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