00:00all right futures slightly under pressure on this friday ahead of the open for december 12th
00:12s&p futures down 0.14 percent the dow futures are actually up 0.15 percent and the nasdaq futures
00:19leading the way down at 0.56 percent likely on the back of those broadcon earnings that we saw
00:25last night now let's take a look at some cues from the last session industrials materials and
00:31financials led the gain on thursday while communication services and information
00:35technology stocks bucked the trend to close lower thursday experienced a rotation out of expensive
00:42tech names this is something that we've been on for a while and think is going to continue into 2026
00:48that helped u.s stocks settle mostly higher with the dow jones surging over 600 points
00:53overall risk appetite remain resilient following the federal reserve's third consecutive interest
00:58rate cut delivered just a day earlier meanwhile president trump signed a sweeping executive
01:03order aimed at creating a single national framework for artificial intelligence moving to sideline
01:09state-level rules he argued were hindering america's ability to maintain its leadership
01:14in this very important space the 10-year treasury bond yielded 4.17 percent and the two-year bond
01:22yielded 3.53 percent now we have several stocks here in focus the first one here is going to be
01:28costco ticker cost that was 0.52 percent lower in the pre-market on friday despite reporting better
01:35than expected financial results for the first quarter of fiscal 2026 after the bell on thursday we'll take
01:41a look at costco today and see if we can set up a potential ad or a swing trade there broadcom is the
01:46next stock on our list here that dropped 5.18 percent as it delivered disappointing guidance
01:51regarding shrinking gross margins and a sharply higher tax rate for fiscal 2026
01:58lululemon is the third stock on our stocks in focus list here today ticker lulu it jumped 9.49
02:05after posting better than expected results for the third quarter and raising its full year guidance the
02:10company announced the ceo secession plan for calvin mcdonald and also authorized an increase to its
02:16share buyback program the next stock on our list is restoration hardware ticker rh that was 4.26
02:24higher despite posting mixed results for the third quarter after the closing bell on thursday
02:29restoration restoration hardware reported quarterly earnings of 171 per share which missed the analyst
02:35estimate of 21 16 per share by 21 or just about 21 percent quarterly revenue came in at 883.81 million
02:44that beat the street consensus of 883.69 million very very tiny beat there the last stock on our list
02:52is tilray ticker tlry surge 28.11 following the company's announcement of its amped live resin liquid
03:00diamond product line as also mentioned there's a move to reclassify cannabis to schedule three from
03:08schedule one and that is affecting all of the cannabis stocks
Comments