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The Morning Dose EP66 Neutral

Morning Dose: Market Alert House Vote Imminent, Tech Pause, Tariff Thre… – Wednesday 7/02/2025

July 2, 2025 5:42
Tickers Mentioned
CNCGBXSTZVRNTTSLANFLXSPY
Episode Summary
Markets await reconciliation bill vote with futures flat. Centene crashes 30% on guidance withdrawal while banks surge post-stress tests. ADP employment data and individual stock moves to drive trading.
Key Takeaways
  • Futures flat awaiting reconciliation bill vote and clarity
  • Centene drops 30% on guidance withdrawal, sector-wide impact expected
  • Banks surge post-Fed stress tests with buyback announcements
  • ADP employment data at 8:15 ET influences sentiment
  • Individual stock actions may drive today's trading session
0:00 / 5:42

Morning Dose: Market Alert House Vote Imminent, Tech Pause, Tariff Thre…

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. Futures are flat as the market awaits developments on the reconciliation bill. Expect sideways movement until clarity emerges.

Overnight Headlines

  • Japan‘s Nikkei down on President Trump‘s tariff talk.

Economic Announcements

The ADP Employment Change report key at 8:15 Eastern with expectations of 97,000 jobs, influencing market sentiment ahead of the main jobs report.

Earnings Highlights

  • Centene (CNC) drops 30% post-guidance withdrawal.
  • Greenbrier (GBX) soars 13% on beat and raise.
  • Constellation Brands (STZ) misses on Q1 but reaffirms guidance.

Top Movers

  • Verint Systems (VRNT) up 12% on Thoma Bravo acquisition talks.

Quick Trade Ideas

  • Banks surge post-passing Fed stress tests with hikes and buyback announcements.
  • Tesla shows mixed sales data; watch for market reaction.

Key Takeaway

Watch for sector-wide impacts from Centene’s drop and the financial sector’s response to capital return news. Individual stock actions may drive today’s trading.

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