Good Morning Wake-Up Watchlisters! While you're sipping coffee you'll see stock futures were down on Friday. The markets are pulling back after contracts on the S&P 500 and Nasdaq 100 closed at record highs. New York City Bancorp fell more than 25% (see stock list below) and Thursday's inflation reading was more encouraging than expected, showing a 0.4% increase, up 2.8% from a year ago. With upward movement in the markets yesterday, our Head Trading Tactician Bryan Bottarelli got positioned on AI in The War Room. He closed the trade for a 41.8% gain in 1 trading day. Click here to see how Bryan's overnight strategy could double your money while you sleep. Here's a look at the top-moving stocks this morning. New York City Bancorp (NYSE: NYCB) New York City Bancorp is down 28.18% in premarket after a series of negative announcements. The bank disclosed a massive fourth-quarter loss of $2.7 billion. Also, CEO Thomas Cangemi departed the company. This follows a rapid expansion in 2023, including acquisitions that propelled the bank over the $100 billion asset threshold, triggering new regulatory requirements. These developments led to downgrades and concerns over the bank's ability to integrate its acquisitions and meet regulatory standards. NetApp (Nasdaq: NTAP) NetApp is up 17.09% in premarket after the company lifted its annual profit forecast, benefiting from resilient demand for cloud services. This comes amid enterprises investing in high-performance storage to utilize artificial intelligence for enhancing business productivity. The company's modern approach to unified data storage is resonating well with customers. NetApp now expects its full-year 2024 adjusted profit per share to be between $6.40 and $6.50, an increase from the prior range of $6.05 to $6.25. With the first 2024 earnings season fading into the rearview, our Lead Technical Tactician Nate Bear recently announced his next Profit Surge Trader pick. Nate focuses on following the "post-earning surge" chart pattern, which allows him to trade ONE TICKER over and over again for maximum potential gains. Click here to get Nate's next pick. |
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