Morning Dose: Overachieving Amer Sports Surges 10%!
A quick analysis of today’s market outlook and key trading opportunities to start your day.
Intro & Market Mood
Welcome to The Morning Dose – Everything You Need to Know Before the Market Opens. It’s Tuesday, May 20th, 2025, and we’re looking at a bit of a subdued start this morning.
Overnight Headlines
Futures on the S&P 500 are trading about nine points below fair value following a rebound yesterday despite initial credit rating concerns.
Economic Announcements
Global markets seemed calm after China’s expected rate cut while Japan showed limited liquidity with high bond yields.
Earnings Highlights
- Home Depot (HD) up 2.1% post-reports, reaffirming guidance.
- Amer Sports (AS) soaring over 10% on Q1 beat and raised outlook.
- Cigna (CI) stabilizing EPS guidance, HP Enterprise (HPE) upgraded, AES downgraded.
Top Movers
Asia-Pacific markets mostly up with central bank actions; Europe trading green amid varied economic data perceptions.
Quick Trade Ideas
Futures soft and commodities fluctuating. Focus on tech and healthcare sectors for bullish momentum.
Key Takeaway
Overall market sentiment is cautiously bullish, with key levels at $590 support for SPY and $595.50 resistance. Stay nimble, focus on quality names.