Morning Dose: Tech Shock ASML’s Guidance Shake-Up
A quick analysis of today’s market outlook and key trading opportunities to start your day.
Intro & Market Mood
Good morning traders! Welcome to The Morning Dose, your pre-market briefing. Today, we’re seeing a mixed start with cautious optimism in the air. The market is facing uncertainty fueled by inflation concerns and tariff talk.
Overnight Headlines
- President Trump: Mentioned potential tariffs on pharmaceuticals and semiconductor products.
Economic Announcements
- Producer Price Index (PPI): Keep an eye on the PPI report at 8:30 AM, a key indicator directly impacting inflation expectations and market sentiment.
Earnings Highlights
- ASML Holding (ASML): Beat earnings and revenue but lowered future revenue guidance, impacting the stock price.
- Banks: Goldman Sachs, Bank of America, and Johnson & Johnson reported strong earnings, while Morgan Stanley faced challenges in investment banking.
Top Movers
- Brighthouse Financial (BHF): Soaring pre-market on reports of a potential acquisition by Aquarian, highlighting M&A activity.
Quick Trade Ideas
Consider playing strength in banks like Goldman Sachs or Johnson & Johnson on positive guidance. Stay nimble ahead of market-moving events like the PPI announcement at 8:30 AM.
Key Takeaway
Market sentiment remains cautiously optimistic, with key resistance levels at 623 for S&P 500 (SPY) and 557.5 for Nasdaq (QQQ). Watch for the PPI report impact on interest rates and tech sector performance before making significant trading decisions.