Palo Alto Networks Set to Reveal Impact of CrowdStrike Outage on Cybersecurity Market

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Palo Alto Networks Set to Reveal Impact of CrowdStrike Outage on Cybersecurity Market. 💻 The company is set to report earnings, and investors are watching closely to see if the recent CrowdStrike software outage has influenced customer behavior. The results could reveal whether Palo Alto is benefiting from CrowdStrike's brand damage and shifting dynamics in the cybersecurity market. MarketWatch reports.

🎯 TickTactics: TikTok disputes US claims on China ties in court appeal. Reuters reports.

🚗 Recallert: Ford recalling about 85,000 Explorer police vehicles because of potential for an engine fire. Yahoo Finance reports.

💰 Revolution: British fintech Revolut valued at $45 billion in secondary share sale. CNBC reports.

🏚️ EverFall: Evergrande onshore unit's administrator seeks details from creditors ahead of meeting. Reuters reports.

📈 NetGains: Walmart posts 4.8% consolidated revenue growth in Q2 FY25. Yahoo Finance reports.

💥 BayerBoom: Bayer wins big US legal victory against Roundup cancer claims; shares surge. Reuters reports.

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time)
Benzinga reports.

1. $APDN: Applied DNA Sciences
Total gain: +179.72%

2. $VRAX: Virax Biolabs Group
Total gain: +52.58%

3. $GOVX: Geovax Labs
Total gain: +46.88%

4. $TNXP: Tonix Pharmaceuticals
Total gain: +41.55%

5. $ALTS: ALT5 Sigma
Total gain: +40.96%

* Bob Iaccino is a chief market strategist and co-founder of Path Trading Partners. He joins us live every Thursday from 11am ET, as our Risk Management educator.

What Moving Averages Do We Use to Form an R-Zone?

We use exponential moving averages (EMAs) instead of simple moving averages (SMAs). EMAs are weighted so that the most recent candlestick has a greater impact on the moving average than past candlesticks.

Our rotation zone is constructed with the 8-period and the 21-period exponential moving averages. The rationale for using EMAs is that recent price action carries more weight than older price action, as markets have short memories and react more aggressively to recent events. In our rotation zone, we use an 8-period and a 21-period EMA, matching the period of the chart being analyzed. Additionally, we include the 50-period EMA and the 200-period SMA.

The closing price of the top three market percent gainers trading near or above $3 on August 16.

*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time

1. $CING: Cingulate
Total gain: +272.22%
The company announced that it has been granted a European patent for its lead asset, CTx-1301, for the treatment of Attention Deficit Hyperactivity Disorder. Benzinga reports.

2. $GOVX: Geovax Labs
Total gain: +111.94%
The company announced that it has been invited to present at the upcoming Emerging Growth Conference, scheduled for August 21-22, 2024. This live, interactive online event will provide existing shareholders and the investment community with the opportunity to engage in real-time with the company's Chairman and CEO, David Dodd. Benzinga reports.

3. $VRAX: Virax Biolabs Group
Total gain: +52.54%
The stock appeared to be moving on no notable news.

*Estimate and Actual numbers represent Earnings Per Share in US Dollars

PANW: Palo Alto Networks
4Q 2024
After Market Close
Estimate: 1.410
Actual: N/A

FN: Fabrinet
4Q 2024
After Market Close
Estimate: 2.240
Actual: N/A

HSAI: Hesai Group
2Q 2024
After Market Close
Estimate: -0.060
Actual: N/A

“The most important thing to remember is that trading is a business. You have to approach it like a professional.”

― Alexander ElderSourced in:
“Trading for a Living”, by Alexander Elder, published in 1993