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Apple Juices the Market...

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mtatradeoftheday.com

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TradeoftheDay@mb.mtatradeoftheday.com

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Fri, May 3, 2024 12:25 PM

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Tech giant up 6% in premarket trading as all three indexes close higher. Good Morning Wake-Up Watchl

Tech giant up 6% in premarket trading as all three indexes close higher. [Trade of the Day Wake-Up Watchlist] 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.]( [Alexander Green's 3-Minute Stock Secret]( Join investment titan Alexander Green as he unveils the simple yet powerful technique that helped him find Netflix before it soared 43,000% since 2005. [Find out what it is right here.]( Amgen (Nasdaq: AMGN) Amgen Inc. is up 13.66% in premarket trading after the biotechnology company voiced positive news regarding interim analysis of a Phase 2 study for a injectable weight-loss drug called Maritide. Amgen, however, provided little additional information on the actual data, and said it plans to start a late-stage study later this year. Block (Nasdaq: SQ) Block is up 7.18% in premarket trading after getting a revenue boost in the first quarter from Bitcoin. The Cash App mobile wallet and the Square merchant business said each month it will be investing 10% of its gross profit from Bitcoin products into buying more Bitcoin. Revenue in the period rose 19% to nearly $6 billion. [We Could Be Less Than 3 Months Away From an AI Super-Event]( According to one of the world's top AI scientists, there's a major event coming in as little as three months that could cause expensive tech stocks like Microsoft, Google and Nvidia to double or triple in price in the following months. But whatever you do, don't go all-in on Big Tech before you have all the details. [Click here.]( [Monument Traders Alliance] Monument Traders Alliance You are receiving this email because you subscribed to Trade of the Day Wake-Up Watchlist. To unsubscribe from Trade of the Day Wake-Up Watchlist, [click here](. Questions? Check out our [FAQs](. Trying to reach us? [Contact us here.]( Please do not reply to this email as it goes to an unmonitored inbox. To cancel by mail or for any other subscription issues, write us at: Trade of the Day | 14 West Mount Vernon Place | Baltimore, MD 21201 North America: 1.800.507.1399 | International: +1.443.353.4977 [Website]( | [Privacy Policy]( Keep the emails you value from falling into your spam folder. [Whitelist Trade of the Day](. © 2024 Monument Traders Alliance, LLC | All Rights Reserved Nothing published by Monument Traders Alliance should be considered personalized investment advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed personalized investment advice. We allow the editors of our publications to recommend securities that they own themselves. However, our policy prohibits editors from exiting a personal trade while the recommendation to subscribers is open. In no circumstance may an editor sell a security before subscribers have a fair opportunity to exit. The length of time an editor must wait after subscribers have been advised to exit a play depends on the type of publication. All other employees and agents must wait 24 hours after publication before trading on a recommendation. Any investments recommended by Monument Traders Alliance should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company. Protected by copyright laws of the United States and international treaties. The information found on this website may only be used pursuant to the membership or subscription agreement and any reproduction, copying or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited without the express written permission of Monument Traders Alliance, LLC, 14 West Mount Vernon Place, Baltimore, MD 21201.

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