Shares of Palo Alto Networks are in focus this morning after beating earnings and offering stable steerage. The Day by day Breakdown digs in.
Earlier than we dive in, let’s be sure to’re set to obtain The Day by day Breakdown every morning. To maintain getting our each day insights, all you might want to do is log in to your eToro account.
What’s Taking place?
Crypto is maintaining its cool. That’s as Bitcoin, Ether and different massive alts proceed to slowly drift decrease over the previous few days. After charging larger final week — with BTC hitting new document highs — Stellar, Ripple, Solana and others coughed up their good points and commenced to retreat.
Pullbacks are a lifestyle in terms of actively traded belongings — and that’s significantly true with belongings that commerce 24/7.
For now, crypto leaders proceed to digest the large rally we noticed in July and are holding above key assist areas and breakout ranges. So long as this commentary stays true, it’s wholesome worth motion.
That stated, some smaller cryptos are on the transfer this morning, together with: API3, Pudgy Penguins, Morpho, Biconomy, and Berachain.
On the earnings entrance, Dwelling Depot kicks off earnings for retailers this morning. Goal, Lowe’s, and TJX Firms will report tomorrow morning.
Need to obtain these insights straight to your inbox?
Enroll right here
The Setup — Palo Alto Networks
Final evening, Palo Alto Networks reported its fiscal This fall outcomes, incomes 95 cents a share on income of $2.54 billion. Each metrics topped expectations, however buyers had been extra centered on steerage — administration expects fiscal 2026 income of $10.47 billion to $10.52 billion, above consensus estimates of $10.42 billion — and the agency’s lately introduced $25 billion acquisition of CyberArk.
They will need to have appreciated what they heard, with shares rising greater than 5% in pre-market buying and selling.
For the previous 12 months, PANW inventory has been rangebound between ~$170 and ~$205. Bulls are hoping that this week’s earnings report is sufficient to reassure buyers and assist drive shares again up towards the prime quality. Finally, they’d wish to see a breakout. Nonetheless, if shares fade decrease within the coming days or perhaps weeks, potential assist within the $165 to $170 zone might be on shut watch.
Choices
Buyers who imagine shares will transfer larger over time might contemplate taking part with calls or name spreads. If speculating on a long-term rise, buyers may think about using sufficient time till expiration.
For buyers who would somewhat speculate on the inventory decline or want to hedge a protracted place, they might use places or put spreads.
To study extra about choices, contemplate visiting the eToro Academy.
If you wish to improve your investing information this summer time, ensure to hitch our eToro Academy Be taught & Earn Problem, the place you may take programs, cross quizzes, and earn as much as $20 in rewards. Phrases and situations apply.
What Wall Avenue’s Watching
HD
Shares of Dwelling Depot are in focus this morning after the corporate barely missed on earnings and income expectations. Nonetheless, administration reiterated its full-year outlook, giving buyers some consolation that enterprise would rebound within the second half of the 12 months. Try the chart for HD inventory.
INTC
Intel shares fell almost 4% following reviews that the Trump administration might convert $10.9 billion in CHIPS Act grants into a ten% fairness stake. Nonetheless, the inventory rebounded after SoftBank introduced a $2 billion funding, buying roughly 2% of Intel’s shares. Bear in mind, INTC jumped greater than 20% final week. Dig into the basics for Intel.
DAY
Shares of Dayforce led the S&P 500 on Monday with a acquire of almost 26% on reviews that non-public fairness agency Thoma Bravo is in talks to accumulate the corporate. Regardless of the massive one-day acquire, DAY inventory solely hit its highest stage since mid-February, because the inventory has struggled to regain its post-Covid momentum.
Disclaimer:
Please be aware that resulting from market volatility, among the costs might have already been reached and situations performed out.
