Tech Roars Back…

Good Morning Wake-Up Watchlisters! While you’re sipping coffee you’ll see stock futures were up on Friday after big time earnings from Google and Microsoft. The strong reports were a win for investors after concerns of an overvalued tech sector. While earnings moved the needle upwards this morning, now focus will shift to the PCE report which should clue investors in on US data.

No matter the PCE says, we have winning strategies for huge potential gains at Monument Traders Alliance. Earlier this week in Daily Profits Live, our Lead Technical Tactician Nate Bear noticed a 75% short float on RILY, the stock was up over $30 in premarket trading on Wednesday and Nate closed the trade for a whopping 1,130% gain in 1 trading day.

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

Alphabet, Inc. (Nasdaq: GOOG)

Alphabet is up 11.70% in premarket trading after first-quarter revenue exceeded analysts’ expectations. The boost came from growth in its cloud computing unit. Total revenue came in at $67.8 billion for the three months ended on March 31, surpassing the $66.1 billion expected. The tech giant also said it would pay a dividend of 20 cents per share, its first ever.

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Tech stocks with an AI focus have been a big phenomenon in the markets. And this week we hit our 10% profit target on another tech stock, VRT, in our Trade of the Day Plus portfolio.

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Boyd Gaming Corporation (NYSE: BYD)

Boyd Gaming is down 12.55% in premarket due to significant non-cash impairment charges reported in their latest earnings. The company recorded $103.3 million in such charges, which largely contributed to a reduction in their net income for the quarter. Despite this, Boyd Gaming did report an increase in revenues, supported by strong performance in their Las Vegas Locals and Downtown segments, as well as growth in online operations and management fees from Sky River Casino.

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