OVER DEZE AFLEVERING
Stock Market Today: Moments before Wednesday's close, a WSJ report suggested U.S. Vice President Vance, on a hunt for peace in the Middle East, reached out to a so-called "hard-liner" Iranian authority to restart talks. S&P 500 futures rallied nearly 40 points following the report - only to have given all the gains back over just the next ten minutes. Harpoon #1.
Google (GOOG) results were first to roll down the earnings track, flat out missing and sending shares lower. Harpoon #2.
Microsoft (MSFT) was next, reporting a good quarter but saving their guidance for the 5:30 p.m. EDT conference call. One of Stock Trader Network's smart Think Tankers, Sam, noted the company's capex was lower than expected, something which may not have been a great sign for the hardware trade.
Two more harpoons incoming, dead ahead!: Fortinet (FTNT) earnings and guidance were viewed unfavorably, bringing the entire cybersecurity sector lower, and ServiceNow (NOW) also seemed to disappoint, pushing down the likes of Salesforce (CRM) and HubSpot (HUBS).
But then maybe the doozy of the night: a Bloomberg report Marvell (MRVL) could be near a "megadeal" to buy optical name Lumentum (LITE).
The guys will recap all of above news items, dig for opportunities and trading ideas and give their unfiltered take on how the market reacted. They'll also welcome...
...our special guest and frequent co-host in STN's Think Tank: Tommy Lackey, of Relativity Capital. We'll check in to see how Tommy has been and how his relative strength movers and nitrous strikes scanners have been serving him and his clients.
Joel, Dennis and Brent welcome you as they host PreMarket Prep's 3,655th episode! Live every trading day since 2013.
Get prepped and ready for each trading day with the industry originators of pre-market preparation. Find all the real news traders need to know about - and none of the news the mainstream media is pretending is moving the markets today. The PMP guys don't just highlight the important news, they dive in, analyze and give the real takes on what matters around Wall Street.
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Join the Stock Trader Network (STN) https://stocktradernetwork.com and trade with Dennis, Joel and others!
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Disclaimer: the views, thoughts, and opinions expressed in this content are not investment advice and are for informational purposes only.
