Good Morning Wake-Up Watchlisters! While you're sipping coffee you'll see stock futures got a big boost on Friday following Apple's earnings (more on that below). The three major stock indexes ended Thursday higher, and now investors will be looking at the upcoming April jobs report due Friday morning. Jobs reports can lead to big market moves, which is why Bryan and Karim are now focusing on catalysts like these every Tuesday in Catalyst Cash-Outs. This week they closed a 7.34% gain on the JOLTS report in 1 trading day. Click here to get access to next week's pick. Here's a look at the top-moving stocks this morning. Apple (Nasdaq: AAPL) Apple is up 6.08% in premarket trading after it posted revenue of $90.8 billion. While revenue was down 4% from a year ago, the number was still slightly above Wall Street's expectations of $90.5 billion. Apple also announced a $110 billion buyback plan, which is the biggest US buyback ever. Earnings season is in full swing, and our Lead Technical Tactician Nate Bear will be following his "post-earnings surge" pattern in Profit Surge Trader for multiple trading opportunities. This strategy allows Nate to capitalize on earnings plays while also avoiding risk. So far in 2024, he has an 87.5% win rate with this strategy. Click here to see how he's playing the latest earnings reports from big companies. Fortinet (Nasdaq: FTNT) Fortinet is down 9.33% in premarket after the cybersecurity firm saw a decline in revenue. Product revenue fell 18.3% year over year to $1.35 billion, beating the analyst consensus estimate of $1.338 billion. Total billings were $1.41 billion for the first quarter, a decrease of 6.4% compared to $1.50 billion for the same quarter. Yesterday our Head Trading Tactician Bryan Bottarelli got positioned on FTNT in The War Room. Click here to unlock that trade. |
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