Next Day Prep: S&P Breaks 50-Day Moving Avg Bullish Momentum Continues!
A quick analysis of today’s market outlook and key trading opportunities to start your day.
Market Briefing: Next Day Prep – What We Are Watching Tomorrow
Intro & Market Mood
Markets closed strong, with the S&P 500 securing its ninth straight gain and rising by 1.5%. The Nasdaq and Dow also posted positive results, showing significant underlying strength.
Overnight Headlines
- China trade talk optimism is adding to market momentum.
- Nonfarm payrolls report: 177,000 new jobs created with unemployment steady at 4.2%, beating expectations.
Economic Announcements
- Factory orders showed a mixed performance with a 4.3% headline number but weaker results excluding transportation.
Earnings Highlights
- Instacart (CART): Despite an EPS miss, strong order growth and EBITDA improvements paint a positive future outlook.
- Apple (AAPL): Beat on earnings and revenue, announced a significant $100 billion stock buyback program.
- Amazon (AMZN): In line with revenue, beat on earnings, but Q2 guidance met expectations.
Top Movers
- Five9 (FIVN): Beat on earnings and revenue, raised guidance for Q2 and FY25.
- Airbnb (ABNB): Expects growth moderation in Q2 despite beating on earnings.
Quick Trade Ideas
- Keep an eye on Roku (ROKU) with a strong performance but soft Q2 revenue guidance.
- Consider Take-Two (TTWO) for its reiteration of expectations for record Net Bookings in ’26 and ’27.
Key Takeaway
Despite mixed results in earnings, there are opportunities for savvy traders. Stay informed, watch key levels, and be prepared for potential market shifts.
**Note:** This is a formatted and summarized version of the podcast transcript for WordPress.