00:05All right, futures green for the most part here today.
00:10S&P futures up 0.23% ahead of Wednesday's open.
00:13Dow futures about...
00:15Although they're down 0.03%, and the NASDAQ leading the way higher...
00:200.85% likely on the back of those ASML earnings here.
00:24This morning.
00:26Let's go ahead and take a look at some cues from last...
00:29While energy, information, technology, and utility...
00:34...stocks recorded the biggest gains on Tuesday.
00:38Healthcare and financials bucked the...
00:39...trend to close lower.
00:42While the monetary policy aspect...
00:44...of Wednesday, or today's Federal Reserve meeting...
00:47...is expected to be routine...
00:49...markets are bracing for a potentially tense press conference from Fed Chair Jerome...
00:54...Powell as subpoenas and presidential pressure overshadow the proceedings.
00:59The CME Group's Fed Watch Tool projections show markets pricing in a 90...
01:04...42.7% likelihood of the Federal Reserve leaving the current rates unchanged.
01:09It's been like this pretty much all week.
01:11All of last week, it was at 95%.
01:13So we're...
01:14We're not anticipating any surprise there.
01:16Really, this is going to come down to Powell's press conference.
01:19After the decision is released, the 10-year Treasury bond yielded 4.24%.
01:24And the two-year bond was at 3.57%.
01:27We have several stocks in...
01:29...focus here for you today.
01:31First one here is going to be Starbucks.
01:33That was 0.76%.
01:34Lower in the pre-market on Wednesday as it was projected to post quarterly earnings...
01:39...of 59 cents.
01:41It actually did...
01:43It looks like I've...
01:44I've got earnings here 57 cents or 56 cents versus the 57 estimate.
01:49It looks like a little bit of a miss there.
01:50Starbucks, however, trading higher here in the pre-market.
01:54Next stock on our list is going to be Microsoft.
01:58And this is one of the big ones that...
01:59...reports after hours here today.
02:00That rose 0.87, basically flat.
02:04...ahead of earnings scheduled to be released after the closing bell.
02:08Analysts expect quarterly earnings...
02:09...of 397 per share on $80.27 billion for Microsoft.
02:14The next stock on our list is going to be Tesla that advanced 0.23% as it is...
02:19...projected to post quarterly earnings of 45 cents per share on revenue of $24.78 billion.
02:24Again, that comes after the closing bell here today.
02:28Seagate Technology...
02:29...ticker STX...
02:31...at jumped 10.02% after...
02:34...reporting better than expected revenue and earnings along with strong guidance.
02:38Now, the interesting...
02:39...ticker STX here, Seagate, this is one of the memory names that's been on...
02:44...huge runs.
02:45We've talked a lot about running into earnings, often spells for a...
02:49...down move post earnings.
02:51Well, when we got the print yesterday in the after hours, the stock...
02:54...did try to move down.
02:55In fact, it was down by about 2% before very quickly...
02:59...reversing and going green.
03:00Here we are 10% higher again here this morning.
03:04Last stock on our list is going to be Packaging Core.
03:06The ticker here is PKG.
03:09And it...
03:09...tumbled 2.07% after posting weaker than expected results for the fourth quarter.
03:14The company...
03:14...also said it sees first quarter gap EPS of 2.20% versus the...
03:19...market estimate of 2.26%.
03:24...ISTS OF 2.20%
03:27EPS OF 2.20%
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