Morning Dose: Fed Hangover, China Truce, Earnings Surge
A quick analysis of today’s market outlook and key trading opportunities to start your day.
Intro & Market Mood
Futures are looking flat this morning after yesterday’s post-Fed indecision. The market seems cautious amid a one-year trade truce between the U.S. and China.
Overnight Headlines
- Alphabet (GOOGL) soars over 8% on strong earnings and Google Cloud growth.
- Eli Lilly (LLY) jumps 4% after crushing earnings estimates and raising guidance.
- Meta Platforms (META) tumbles nearly 9% on in-line guidance disappointment.
- Microsoft (MSFT) slips 1.7% despite a solid beat and strong Azure growth.
Economic Announcements
Watch for third-quarter GDP and Initial Jobless Claims numbers at 8:30 AM Eastern. These figures could set the day’s tone.
Earnings Highlights
- Google (GOOGL) and Eli Lilly (LLY) excel, while Meta Platforms (META) stumbles.
- Stocks like FMC Corp (FMC) face significant losses post-earnings announcements.
Top Movers
- Align Technology (ALGN) surges 15% on impressive results, while FMC Corp (FMC) plummets 30%.
Quick Trade Ideas
Focus on tech and healthcare sectors with relative strength. Use tight stops and be nimble in today’s market conditions.
Key Takeaway
Be cautious but alert for trading opportunities in a volatile market. Tech and healthcare stocks are showing strength, while cyclical sectors remain weak.