Good Morning Wake-Up Watchlisters! While you’re sipping coffee you’ll see stock futures were down on Friday after contracts on the S&P 500 and Nasdaq 100 closed at record highs on Thursday. New York City Bancorp fell more than 35% (more on that below) and Thursday’s inflation reading was more encouraging than expected, showing a 0.4% increase, up 2.8% increase from year ago.

With contracts going to record highs yesterday, our Head Trading Tactician Bryan Bottarelli got positioned in AI in The War Room for a 41.8% gain in 1 trading day.

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

New York City Bancorp (NYSE: NYCB)

New York City Bancorp is down 28.18% in premarket after a series of negative announcements. The bank disclosed a massive fourth-quarter loss of $2.7 billion. CEO Thomas Cangemi departed the company. It also showed weaknesses in its internal controls. This follows a rapid expansion in 2023, including acquisitions that propelled the bank over the $100 billion asset threshold, triggering new regulatory requirements. These developments led to downgrades and concerns over the bank’s ability to integrate its acquisitions and meet regulatory standards.

NetApp (Nasdaq: NTAP)

NetApp is up 17.09% in premarket as the company lifted its annual profit forecast, benefiting from resilient demand for cloud services. This comes amid enterprises investing in high-performance storage to utilize artificial intelligence for enhancing business productivity. The company’s modern approach to unified data storage, spanning all-flash and cloud environments, is resonating well with customers. NetApp now expects its full-year 2024 adjusted profit per share to be between $6.40 and $6.50, an increase from the prior range of $6.05 to $6.25.

With the first 2024 earnings season fading into the rearview, our Lead Technical Tactician Nate Bear recently announced his next Profit Surge Trader pick. Nate focuses on following the “post-earning surge” chart pattern, which allows him to trade ONE TICKER over and over again for maximum potential gains.

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