Good morning Wake-up Watchlisters! While you’re sipping coffee you’ll see markets were volatile this morning as Apple Inc. faced potential further losses and declining oil prices impacted energy stocks. Apple was down 0.4% in premarket trading due to concerns about the high price of its anticipated mixed-reality headset affecting shipments. European semiconductor firms also declined as Taiwan Semiconductor Manufacturing Co., the primary chipmaker for Apple, announced lower-than-expected capital spending. The overall sentiment across global equity markets was cautious, with traders expressing concerns about markets rising too quickly on artificial intelligence hype.

With everyone sitting on the headlines or waiting for the next AI tech stock to pop, it can be tempting as a trader to follow the herd. However, the insiders are filing their pockets with quality companies at discounted prices for other sectors that will soon catch up with the tech boom. Right now our Lead Fundamental Karim Rahemtulla is tracking massive insider buying in nontech sectors, which could set the table for massive spikes.

Click here to learn more about how insiders think and why “following the money” could lead to gains as high as 2,250%.

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

Unity Software (U)

Unity Software is up 21.71% premarket after Apple’s (AAPL) Worldwide Developers Conference. Apple revealed Unity’s gaming software will be utilized in their new mixed reality headset, the Apple Vision Pro. The announcement highlighted Apple’s collaboration with Unity to bring a range of impressive 3D apps to Vision Pro, allowing Unity-based games and apps to utilize features like pass-through, high-resolution renderings, and native gestures. The trading volume for Unity stock skyrocketed, exceeding triple the 20-day moving average, marking its most impressive intraday performance since November 10.

While there’s debate over how long the AI tech boom will last, it’s undeniable how effective its been in keeping the markets afloat. In the first quarter, just seven tech stocks dominated the entire market, and our Lead Technical Tactician Nate Bear got positioned on one of those stocks last week in Daily Profits Live for a 177% gain in 1 trading day.

Click here to start trading alongside Nate as he seeks to turn a $37,000 account into $1 million in verified trading profits.

GitLab (Nasdaq: GTLB)

GitLab is up 26.55% premarket after its latest earnings report. The open core company reported a quarterly loss of $0.06 per share, surpassing the Zacks Consensus Estimate of a loss of $0.14. This marks an improvement from the loss of $0.18 per share reported a year ago. The earnings surprise stands at 57.14%, following a previous quarter where the company outperformed expectations with a surprise of 80%. GitLab has consistently exceeded consensus EPS estimates over the past four quarters. In terms of revenue, the company generated $126.88 million, surpassing the Zacks Consensus Estimate by 7.85%.

$mid_ad_zone

Sprinklr (NYSE: CXM)

Sprinklr is up 5.92% premarket. The unified customer experience management platform had a strong start to the year, with focused execution and broad participation across its four product suites. Sprinklr saw a 20% year-over-year increase in total revenue, reaching $173.4 million, compared to $145.0 million in the previous year. Subscription revenue also experienced significant growth, rising by 24% year-over-year to $157.7 million, up from $127.3 million. Ragy Thomas, Founder and CEO of Sprinklr, expressed satisfaction with their performance and emphasized their commitment to delivering value through their unified platform, including innovations such as Sprinklr AI+.

While AI has been hot, there’s actually another development happening that could change how traders trade. Bryan Bottarelli is dubbing this new technology “The Next Great American Index” and it’s designed to automatically buy stocks when they’re proven to go up and reduce your exposure to stocks when they’re proven to go down.

Click here to discover how this “Secret Profit Window” works.

Palantir Technologies, Inc. (NYSE: PLTR)

Palantir Technologies Inc. is up 6.89% premarket after the data analytics company announced the launch of Palantir Foundry for Manufacturing on Amazon Web Services (AWS). The service will enable users to effectively leverage manufacturing data throughout its lifecycle. Yesterday its stock rose after it secured a multi-year contract from the US Special Operations Command (USSOCOM) valued at up to $463 million.

Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team