Next Day Prep: Tech Heavyweights Drive Market Surge
A quick analysis of today’s market outlook and key trading opportunities to start your day.
Intro & Market Mood
Welcome to Next Day Prep – What We Are Watching Tomorrow! Market sentiment is cautiously bullish with a slight air of uncertainty.
Overnight Headlines
- TSLA (Tesla): Up over 4.5%, back above its 50-day moving average.
- AMZN (Amazon): Hit its best level since late February.
- SOXX (PHLX Semiconductor Index): Up 2%, with standout performers like QCOM (Qualcomm) up over 4%.
Economic Announcements
China’s deflationary CPI and PPI readings, and a drop of over a third in exports to the U.S., signal economic challenges.
Earnings Highlights
- AON: Reaffirmed full-year 2025 outlook.
- ARCB: Reported a 6% increase in daily shipments year-over-year for Q2 in asset-based segment.
- MCK: Increased fiscal year 2026 adjusted EPS guidance.
Top Movers
Upgrades: SCHW (Charles Schwab), OKLO; Downgrades: LULU (Lululemon), TSLA (Tesla). Warner Bros. Discovery to split into two companies.
Quick Trade Ideas
- Continuation Breakouts: NVTS (Navitas Semiconductor), KORU (Karora Resources).
- Anticipation Setups: MSFT (Microsoft), NET (Cloudflare), RIOT (Riot Platforms).
Key Takeaway
Stay cautious with market volatility rising. Focus on stock selection, maintain discipline with stops, and watch key levels closely for trading opportunities.
Thank you for tuning in to Next Day Prep for insights and strategies to navigate the markets effectively!