Morning Dose: Trade War Tensions Rise Market Fear Spikes!
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 Friday, May 30th, 2025! Futures are indicating a modestly lower open today amid ongoing concerns about tariffs and geopolitical uncertainties.
Overnight Headlines
- Asian markets closed lower while European markets show some positivity.
- Key data points include Tokyo Core CPI beating expectations but mixed results from Germany.
Economic Announcements
Key economic data releases today include the Personal Income and Outlays report with the PCE Price Index, followed by the Chicago PMI and University of Michigan Consumer Sentiment.
Earnings Highlights
- COST (Costco): Beat Q3 EPS expectations.
- DELL (Dell): Missed Q1 EPS but issued optimistic guidance for Q2 and beyond.
- AEO (American Eagle): Missed Q1 EPS and provided below-consensus guidance for Q2.
- GAP (Gap): Beat Q1 expectations but experiencing a significant decline.
- ZS (Zscaler): Beat Q3 expectations with mixed guidance for Q4.
- ULTA (Ulta Beauty): Reported strong performance, beating expectations and raising full-year guidance.
Top Movers
Notable gainers include SMMT, SCVL, PATH, ULTA, AEO, AMBA, and DELL. Decliners include ESTC, NMAX, AEO, RGTI, PD, and NTAP.
Quick Trade Ideas
Market sentiment is cautious with consolidation seen. Key levels to watch for SPY and QQQ while considering potential sector rotations and tech momentum.
Key Takeaway
Stay focused on economic data, tariff developments, and market levels. Be prepared for potential sentiment shifts and volatility amid ongoing uncertainties.