It's time for the big three. We've got three stocks, three charts, and three trades. Rick Dat will take us through the charts as always. Here to take us through the trades today is Scott Bower. Scott, great to have you with us today.Thanks for being with us on this Monday morning. If we could start with a big picture thought on on market performance recently. I'd love to get your take on this choppiness that we've been seeing.>> Yeah, choppiness, obviously, a little bit of nervousness. You know, I was looki ...

Core Viewpoint - Palo Alto Networks' stock price has recently declined from a year-to-date high of $223 in October to the current price of $205, indicating a notable pullback in the stock's performance [1] Group 1 - The stock price movement highlights a decrease of approximately 8.06% from the peak [1] - Palo Alto Networks is expected to be in the spotlight this week due to upcoming events or announcements that may impact its stock performance [1]

Group 1: Zscaler, Inc. - Zscaler is expected to report quarterly earnings of 86 cents per share, an increase from 77 cents per share in the same period last year [1] - The company anticipates quarterly earnings of $773.86 million, up from $627.96 million a year ago [1] - Analysts at Wedbush have raised their price target for Zscaler to $350, highlighting its position as a major beneficiary of the AI security boom [2] Group 2: Raymond James Financial, Inc. - Raymond James Financial reported better-than-expected earnings for the fourth quarter, with earnings of $3.11 per share, surpassing the analyst consensus estimate of $2.82 per share [3] - The company also reported quarterly sales of $3.727 billion, exceeding the analyst consensus estimate of $3.625 billion [3] - Raymond James Financial shares fell 1.5% to close at $158.73 [6] Group 3: Palo Alto Networks, Inc. - Analysts, including Evercore ISI Group, Morgan Stanley, UBS, and TD Cowen, have raised their price targets on Palo Alto Networks [4] - Palo Alto Networks shares rose 0.2% to settle at $205.25 [6]

Earnings Reports - This week features earnings reports from major companies including Nvidia (NVDA), Home Depot (HD), Walmart (WMT), Target (TGT), Lowes (LOW), Palo Alto Networks (PANW), Medtronic (MDT), and PDD Holdings (PDD) [1] Implied Volatility - Implied volatility tends to be high before earnings announcements due to market uncertainty, leading to increased demand for options [2] - After earnings announcements, implied volatility typically decreases back to normal levels [3] Expected Price Movements - The expected price range for stocks can be estimated by summing the prices of at-the-money put and call options, using the first expiry date after the earnings date [3] - Specific expected price movements for the week include: - TCOM – 6.2% - HD – 4.4% - PDD – 6.7% - MDT – 3.8% - BIDU – 7.8% - NVDA – 7.7% - PANW – 7.6% - LOW – 5.1% - TGT – 9.9% - WMT – 5.1% [4] Trading Strategies - Option traders can utilize expected moves to structure trades, with bearish traders selling bear call spreads and bullish traders selling bull put spreads or looking at naked puts [5] - Neutral traders may consider iron condors, ensuring short strikes remain outside the expected range [5] - It is advisable to use risk-defined strategies and maintain small position sizes when trading options over earnings [6] High Implied Volatility Stocks - A stock screener can identify stocks with high implied volatility, using filters such as total call volume greater than 5,000, market cap greater than 40 billion, and IV rank greater than 50% [7]

Core Viewpoint - Palo Alto Networks is set to report its first fiscal quarter results on November 19, with analysts expecting revenue of $2.46 billion, a 15.1% increase year-over-year, and earnings per share of $0.89, a 14.1% increase from the previous year [1] Group 1: Financial Performance - In the previous quarter, Palo Alto Networks reported a revenue of $2.54 billion, a 16% year-over-year increase, exceeding market expectations of $2.5 billion [1] - Product revenue reached $573.9 million, a 19% increase year-over-year, while subscription and support services revenue was $1.96 billion, up 15% [1] - The annual recurring revenue (ARR) for next-generation security solutions reached $5.6 billion, surpassing analyst expectations of $5.55 billion [1] Group 2: Analyst Ratings and Expectations - Analyst Dan Ives from Wedbush Securities praised the company's performance, affirming that CEO Nikesh Arora's platform strategy has gained customer recognition, giving Palo Alto a "outperform" rating with a target price of $225 [1] - The average market expectation for the first fiscal quarter's earnings per share has remained unchanged over the past 30 days [1] - Analysts predict product revenue could reach $423.19 million, a 19.6% increase year-over-year, and subscription and support services revenue is expected to be $2.04 billion, a 14.2% increase [1] Group 3: Profit Margins - Analysts expect the Non-GAAP product gross profit to be $333.92 million, up from $282 million in the same period last year [2] - The Non-GAAP subscription and support services gross profit is anticipated to reach $1.56 billion, compared to $1.37 billion in the previous year [2] - The GAAP subscription and support services gross profit is projected at $1.51 billion, up from $1.31 billion last year, while GAAP product gross profit is expected to be $333.26 million, an increase from $278.8 million [2]

智通财经APP获悉，美国网络安全巨头Palo Alto Networks(PANW.US)将在美东时间11月19日盘后公布第 一财季报告，华尔街分析师预计营收达到24.6亿美元，较去年同期增长15.1%，预计每股收益达0.89美 元，同比增长14.1%。 韦德布什证券分析师Dan Ives指出，这份成绩单印证了首席执行官Nikesh Arora主导的平台化战略已获得 客户认可。他给予Palo Alto"跑赢大盘"评级及225美元目标价。 过去30天，针对第一财季的市场平均每股收益预期未发生变化。华尔街分析师普遍关注和预测的Palo Alto Networks具体指标的平均预期如下： 分析师的综合评估显示，"产品营收"或达到4.2319亿美元，较去年同期增长19.6%，预计"订阅及支持服 务营收"将达到20.4亿美元，同比增长14.2%，预计"订阅及支持服务-支持服务营收"将达到6.5171亿美 元，较去年同期增长9.9%。分析师评估指出，"订阅及支持服务-订阅服务营收"将达到13.9亿美元，同 比增长16.6%。"剩余履约义务(RPO)"应达到154.7亿美元，而去年同期该数值为126亿美元。 分析师预计"非 ...

We got to do final trades. I turn to Brian Bellski. >> Scott, we're going >> humble humilous.>> Yes. >> Capital management. >> Thank you. Thank you.We're going with Raymond James Financial. One of the last standalone brokerage firms. It's a wonderful shop with both a broker dealer and an asset management business.>> I'm going Zcaler. It's been falling this week, but earnings are in a couple of weeks. I expect them to be strong.Link sir. >> Paloalto. ...

Group 1 - The discussion highlights the final trades being made by analysts, indicating a focus on timely investment decisions [1] - Raymond James Financial is noted as a prominent standalone brokerage firm with both broker-dealer and asset management services, suggesting its strong market position [1] - Zscaler is mentioned as a company experiencing a decline in stock price, but analysts anticipate strong earnings in the upcoming report [1] - Palo Alto Networks is also referenced, indicating interest in its performance within the cybersecurity sector [1]

Core Viewpoint - The article discusses a bearish options strategy involving Palo Alto Networks (PANW) stock, suggesting that the stock is unlikely to rise above $225 in the near term, making a bear call spread a potentially profitable trade [1][2]. Summary by Sections Bear Call Spread Strategy - A bear call spread is proposed for Palo Alto Networks, assuming the stock will not exceed $225 in the coming week, with a 52-week high of $223.61 [2]. - The strategy involves selling an out-of-the-money call and buying a further out-of-the-money call, allowing for profit if the stock trades lower, sideways, or slightly higher, as long as it remains below the short call at expiration [2]. Financial Details of the Trade - The bear call spread with a November 21 expiration uses strike prices of $225 to $230, sold for approximately $0.50 per share, yielding a maximum gain of $50 on a 100-share contract, with a maximum loss of $450 [3][4]. - The maximum profit occurs if PANW closes below $225 on November 21, allowing the trader to keep the $50 option premium [4]. Risk Management - This bear call spread is defined as a risk-defined trade, with known worst-case scenarios. A stop loss can be set if PANW trades above $217 or if the spread value increases from $0.50 to $1 [5]. - The trade is seen as a way to generate income while the stock remains in a downtrend [5]. Company Overview - Palo Alto Networks is a global leader in cybersecurity, providing advanced firewall, cloud security, and AI-driven threat detection solutions to over 70,000 organizations worldwide [7]. - The company serves various industries, including finance, healthcare, energy, and government, and supports digital transformation through platforms like Prisma Cloud and Cortex XDR [7]. Ratings and Earnings - Investor's Business Daily rates Palo Alto Networks with a Composite Rating of 96 out of 99, an Earnings Per Share Rating of 98, and a Relative Strength Rating of 72, ranking 47th in its group [6]. - The company is scheduled to report earnings on November 19, which introduces earnings risk if the options trade is held until expiration [6].

Core Insights - Analysts project Palo Alto Networks (PANW) will report quarterly earnings of $0.89 per share, reflecting a 14.1% year-over-year increase, with revenues expected to reach $2.46 billion, a 15.1% increase from the same quarter last year [1] Earnings Projections - The consensus EPS estimate for the quarter has remained unchanged over the past 30 days, indicating a reassessment of initial projections by covering analysts [1][2] - Changes in earnings projections are crucial for predicting investor reactions to the stock, with empirical studies showing a strong correlation between earnings estimate trends and short-term stock price movements [2] Revenue Estimates - Analysts estimate 'Revenue- Product' will reach $423.19 million, a 19.6% increase year-over-year [4] - 'Revenue- Subscription and support' is projected at $2.04 billion, indicating a 14.2% year-over-year increase [4] - 'Revenue- Subscription and support- Support' is expected to be $651.71 million, reflecting a 9.9% increase from the previous year [4] - 'Revenue- Subscription and support- Subscription' is estimated at $1.39 billion, a 16.6% year-over-year increase [5] Profit Estimates - 'RPO (Remaining Performance Obligation)' is projected at $15.47 billion, up from $12.60 billion year-over-year [5] - 'Product gross profit Non-GAAP' is expected to be $333.92 million, compared to $282.00 million in the same quarter last year [5] - 'Subscription and support gross profit Non-GAAP' is anticipated to reach $1.56 billion, up from $1.37 billion year-over-year [6] - 'Subscription and support gross profit GAAP' is projected at $1.51 billion, compared to $1.31 billion last year [6] - 'Product gross profit GAAP' is estimated at $333.26 million, compared to $278.80 million in the previous year [7] Stock Performance - Palo Alto shares have experienced a -0.4% change over the past month, contrasting with the Zacks S&P 500 composite's +1.4% movement [7] - The company holds a Zacks Rank 3 (Hold), suggesting it is expected to closely follow overall market performance in the near term [7]