Cybersecurity group replaces DISH
Attention Traders: It’s Monday Morning and our Lead Trading Tactician Nate Bear is giving out his weekly stocks to watch. Click the image below to see his potential weekly trades.
Nate has been crushing the AI market lately. Last week he took a 139% winner in AI and a massive 312% winner on NVDA!
Here’s a look at the top-moving stocks this morning.
Palo Alto Networks (Nasdaq: PANW)
Palo Alto Networks is up 4.93% premarket following an announcement by S&P Dow Jones Indices. The cybersecurity company is set to replace DISH Network (DISH) in the S&P 500, which has generated positive market response. Palo Alto Networks also met the necessary criteria for S&P 500 inclusion earlier this year after achieving four straight profitable quarters. The transition will take place on June 20, coinciding with DISH’s move to the S&P SmallCap 600, replacing Cutera Inc, a manufacturer of aesthetic devices.
We’ve been cashing in on PANW’s strong performance in The War Room. Last week we got positioned on the stock for a 14.57% overnight winner.
Click here to start seeing these overnight trades in real time.
EPAM Systems, Inc. (NYSE: EPAM)
EPAM Systems is down 14.87% premarket after revising its financial outlook for the second quarter and full year of 2023. The company, known for its digital transformation services and product engineering, cited a further decline in near-term demand as the reason for the adjustment. EPAM observed that clients have become more cautious in their spending, particularly in the ‘build’ segment of the global IT services market. Slower pipeline conversions and a reduction in the total pipeline were identified as contributing factors.
Those are the biggest stock movers for today.
Happy trading!
The Wake-Up Watchlist Research Team
