00:07All right, futures green ahead of Wednesday's open here today. It looks like we're going to
00:12continue the bounce that we started yesterday. How long will that continue? That is yet to be
00:17seen. S&P futures up 0.37% as we sit here ahead of the open. Dow futures up 0
00:23.2% and then NASDAQ
00:25futures up 0.46%. Now let's take a look at some cues from last session. Real estate and financial
00:32stocks bucked the overall market trend on Tuesday, closing higher despite consumer staples,
00:38energy and material stocks recording the biggest losses. Wednesday's publication of the Federal
00:45Reserve's January meeting minutes will be closely watched by investors seeking further clarity on
00:51the perspectives of policymakers. However, the week's primary macroeconomic focus shifts to
00:58Friday when the Personal Consumption Expenditures Index, or PCE, is scheduled for release. And
01:05indeed, this is the first thing that I wanted to cover here today. While we are expecting minutes
01:09here today, my guess, my gut feeling, if you will, is that that's probably not going to be hugely
01:16market-moving. We've taken a look at the FedWatch tool, which we're going to cover here in a sec.
01:20Not a whole lot of change in there. We kind of all are expecting the same thing in Powell's last
01:26two
01:26meetings here. So I would agree. I think that the PCE print is probably going to be our biggest
01:33macro data point or biggest data point here this week. And we got to wait till Friday until we get
01:38that. The 10-year Treasury bond yielded 4.07% and the two-year bond was at 3.45%. The
01:45CME Group's FedWatch
01:46tool is pricing in a 92.1% likelihood that we hold interest rates at the next meeting, which is
01:53in
01:54March. Now, we have several stocks in focus here for you today. The first one here is
02:00Stellanese. Ticker on this one is CE. And it soared 5.94% despite posting downbeat earnings for the fourth
02:09quarter. However, the outlook was positive as the company said it sees first quarter adjusted
02:16earnings of 70 to 85 cents per share versus the estimate of 89 cents per share. So it was actually
02:23under and the stock was still up really quickly. Q4 adjusted EPS of 67 cents missed the 91 cent estimate
02:31and sales of 2.204 billion missed the 2.256 billion estimate. The next stock on our list is
02:43Ovintiv. The ticker here is OVV. That rose 4.17% after it announced a definitive agreement to sell its
02:52Anadarko assets in Oklahoma for $3 billion in cash. The next stock on our list is Tactile Systems
03:01Technology. The ticker on this one is TCMD and it surged 23.53% after reporting fourth quarter
03:09earnings and forecasting revenue between $357 million and $365 million for 2026. That reflects
03:17an anticipated growth of 8 to 11% despite potential challenges from Medicare's new prior authorization
03:24agreements. Tactile Systems Tech. Q4 EPS was a 46 cents. That beat the estimate of 44 cents. And sales
03:33were 103.595 million. That beat the estimate of 93.804 million. The next stock on our list here is
03:44Palo Alto. And this was the big report of the night yesterday. The ticker on Palo Alto is PANW.
03:50It tumbled 7.34% after the cybersecurity firm lowered its fiscal 2026 full-year profit guidance
03:59to a range of 365 to 370 per share, overshadowing a quarterly earnings beat and an upward revision
04:05of its annual revenue outlook. So Palo Alto Q2 adjusted EPS of 103 beat the 94-cent estimate and
04:13sales of 2.594 billion beat the estimate of 2.582 billion. Palo Alto sees adjusted Q3 EPS of 78
04:22cents to
04:2380 cents. That was versus the 92-cent estimate. And they see sales of 2.941 billion to 2.945
04:29billion.
04:30That was versus the estimate of 2.603 billion. It lowered its full-year 26 adjusted EPS guidance from
04:373.80 to 3.90 to 3.65 to 3.70, as we outlined. That was versus the 3.86
04:42estimate. And it raises
04:43its full-year 26 sales guidance from 10.5 billion to 10.54 billion to 11.28 to 11.31
04:51billion versus
04:52the estimate. Now, the reason for that is because of the increased cost of memory. They cited this
04:58in their earnings report. The last stock that we have on our list here is going to be DoorDash.
05:04The ticker here is Dash, D-A-S-H. It was up three-tenths of a percent as analysts expect
05:11it to post
05:12quarterly earnings of 59 cents per share on revenue of 3.99 billion. And that report comes after the
05:19closing bell today.
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