We're upgrading Palo Alto as shares tumble 10% despite strong earnings
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
TL;DR
- Dell shares rose significantly, indicating strength in the AI server market and benefiting partner Nvidia.
- Palo Alto Networks stock fell over 10% despite strong earnings, prompting an upgrade from sell-into-strength to hold-equivalent.
- GE Vernova is expected to play a key role in rebuilding Venezuela's energy infrastructure.
- Broadcom, Snowflake, Hewlett Packard Enterprise, NetApp, Five Below, and PVH are scheduled to report earnings.
- Economic data including jobless claims and services PMI reports are also due.