Morning Minute: Fed Hike, Palo Alto Networks Downgrade, Lennar Earnings Miss

Bullish Gator

Pre-market roundup: Fed hikes rates, PANW downgraded by Bernstein, Lennar plunges after double earnings miss — Diane King Hall reports.

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What stands out

The Federal Reserve's first rate increase in three years landed at the same time Bernstein downgraded Palo Alto Networks, a tidy example of how macro moves and analyst notes can rewrite risk appetite before the market opens. That matters because Palo Alto Networks is still growing revenue roughly 18.6% year-over-year while reporting about a 119.1% rise in net income, so fundamentals and sentiment are pulling in different directions. The clip is a useful reminder that even healthy growth names can be repriced quickly when rates climb.