00:09All right, futures, flattish, but to the downside a little bit here today. S&P futures down 0.1%,
00:16Dow futures down 0.12%, and the NASDAQ futures down 0.13%. Again, all technically in the red,
00:23but basically unchanged, down just about a tenth of a percent at most. Let's take a look at some cues
00:30from last session. On Thursday, utilities led the gains with 1.13% increase as investors sought
00:37defensive assets, while financials suffered the steepest decline, dropping 0.86%.
00:45Wall Street is waiting for the fourth quarter GDP data scheduled for release later today,
00:51along with the Federal Reserve's preferred inflation gauge, I beg your pardon,
00:59the Personal Consumption Expenditures Price Index, or PCE. Meanwhile, President Trump on Thursday
01:05warned Iran it must strike a deal on its nuclear program within 10 to 15 days or face, quote,
01:12really bad things, end quote. The USS Gerald Ford, I guess, is on its way over there. It'll take about
01:18a week to get over there. This is prompting Tehran to threaten retaliation against U.S. bases across
01:23the Middle East if it is attacked. This is the trepidation that we're seeing reflected through
01:28some of the markets, most notably oil and defense. The 10-year Treasury bond yielded 4.07%,
01:34and the two-year bond was at 3.47%. The CME Group's Fed watch tool shows projections that the market
01:41is
01:41pricing in a 94% likelihood that we hold rates unchanged at the next meeting. This is exactly
01:48what we anticipate and don't anticipate much change from that value. We have several stocks in focus
01:54here for you today, and the first one's going to be Dropbox. The ticker on this is DBX. It fell
02:004.16%
02:02in the pre-market on Friday despite posting better than expected fourth quarter earnings.
02:05The company also said it sees full-year 26 sales of $2.485 billion to $2.5 billion versus a
02:12market
02:13estimate of $2.494 billion. The next stock on our list is going to be Copart, and the ticker on
02:19this
02:19one is CPRT. It dropped 6.64% after posting downbeat earnings for the second quarter, and it reported
02:27quarterly earnings of $0.36 per share, which missed the consensus estimate of $0.40 per share.
02:33Next stock on our list here is going to be Comfort Systems. Ticker on this one is FIX,
02:38F-I-X, and it rose 4.57% after reporting better than expected fourth quarter financial results
02:44and raising its quarterly dividend. The next stock on our list is going to be Grail, and yeah,
02:51not a typo here. Grail plunged 47.04% following its fourth quarter in full-year earnings with revenue
03:00of $41.3 million and a net loss of $99.2 million, which includes amortization of Illumina acquisition
03:07related intangible items of $34.6 million. We also, I have another follow-up here. They also had some
03:15data that didn't meet its primary endpoint, so a big-time, big-time haircut for Grail there. We'll
03:21take a look at that today. The last stock on our list here is going to be Candle Therapeutics. The
03:25ticker on this one is CADL, and it declined 12.27% after announcing the pricing of $100 million public
03:33stock offering.
Comments