Morning Dose: Bullish Momentum Signals Green Opening
A quick analysis of today’s market outlook and key trading opportunities to start your day.
Intro & Market Mood
Good morning traders, and welcome to The Morning Dose – Everything You Need to Know Before the Market Opens! It’s Friday, May 16th, 2025, and we’re seeing some green arrows this morning.
Overnight Headlines
Asia-Pacific markets ended mostly lower, but Europe is upbeat. Japan’s GDP showed a slight contraction. In trade news, tariffs are still in focus.
Economic Announcements
- 8:30 AM: April Housing Starts, Building Permits, Import and Export Prices
- 10:00 AM: Preliminary May University of Michigan Consumer Sentiment survey
Earnings Highlights
- AMAT (Applied Materials): Beat EPS, in-line revenue, steady guidance
- TTWO (Take-Two Interactive): Beat net bookings, in-line guidance
- GLOB (Globant): Missed on earnings and revenue, lowered guidance, stock down
Top Movers
Pre-market movers include EVLV and EBS on the upside, GLOB and DOCS on the downside.
Quick Trade Ideas
Watch SPY 590-594 and QQQ 518-522 levels. Tech and Consumer Discretionary sectors strong, Energy and Utilities weak. Consider trimming overbought positions.
Key Takeaway
Market sentiment cautious bullish, focus on tech and healthcare sectors. Monitor economic data releases closely for market impact.