Woah Novavax…

Good Morning Wake-Up Watchlisters! While you’re sipping coffee you’ll see stock futures were up on Friday. The rally came after strong data pointed to support for the Fed cutting interest rates at some point during this year. A bigger-than-expected increase in weekly unemployment claims showed indications of a cooling labor market. It was the seventh straight day of gains for major indexes, the best streak since December.

Yesterday we mentioned how our Lead Trading Tactician Bryan Bottarelli closed a 206% winner on TRIP in 1 trading day. Well, he didn’t stop there. Bryan just closed another winner in The War Room, this time an 82.39% overnight gain on RBLX.

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

Novavax, Inc. (Nasdaq: NVAX)

Novavax is up 149.22% in premarket trading after signing a licensing agreement with French drugmaker Sanofi for its Covid vaccine starting in 2025. The deal involves treatments combining Novavax’s COVID vaccine with Sanofi’s flu vaccines. The big pharma company is expected to receive about $1.2 billion under the deal. Sanfori also agreed to pay $500 million up front.

Akamai Technologies (Nasdaq: AKAM)

Akami Technologies is down 10.50% in premarket trading despite beating analysts’ expectations on its earnings report. CEO Ton Leighton noted in an interview with Barron’s that the company is seeing slower growth than expected. Now the social media company is in cost saving mode as it hopes to make up for slow sales with its consistent growth in security and cloud computing.

SoundHound Ai (Nasdaq: SOUN)

SoundHound Ai is up 14.32% in premarket trading after reporting revenue of $11.6 million, an increase of 73% year-over-year. The result was higher than analysts’ forecasts of $11.6 million, and the Ai company updated its full-year revenue of $65 million to $77 million.

Tech and Ai stocks have been a major focus of our Lead Technical Tactician Nate Bear in Daily Profits Live. Earlier this week, Nate closed a 38.40% winner on GOOGL in 4 trading days.

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