00:07all right futures in the green here ahead of wednesday's open near unchanged and actually
00:13down from the pre-market highs we had some green arrows uh earlier this morning s&p futures up by
00:190.17 the dow futures up by 0.06 and the nasdaq futures up by 0.33 percent let's take
00:29a look at
00:29some cues from last session we almost almost closed green again down by just about a percent but we had
00:36a nice little bounce again on tuesday materials and industrials led market losses amid concerns
00:42that rising oil prices and borrowing costs could slow the u.s economy major tech names like nvidia
00:48and u.s memory stocks fell uh tracking declines in south korean chip makers
00:55oil prices were up three percent as the u.s israeli war on iran disrupted middle east supplies
01:02however the pace of gains slowed from past sessions after president trump announced the u.s navy would
01:07escort tankers through the strait of hormuz and pledged political risk insurance for maritime trade
01:13transiting the waterway higher oil prices have stoked fears of stickier inflation which could keep the fed
01:21on hold for longer and remove the rate cut cushion markets have been leaning on all year wall street's
01:28fear gauge the cbo volatility index jumped to 23.96 on wednesday that is its highest level since november
01:35investors on wednesday will also be watching the adp private payrolls report for february along with the
01:41quarterly results from broadcom abercrombie and fitch which were out this morning and okta
01:46the 10-year treasury bond yielded 4.08 percent and the two-year bond was at 3.53 percent the
01:53cme group's
01:54fed watch tool projections are still pricing in a 97.3 percent chance that we hold interest rates
02:00steady at the next meeting in march now we've got several uh stocks in focus for you here today
02:08uh broadcom is going to be first ticker avgo uh broadcom shares were up four tenths before the bell
02:14on wednesday the chip maker is due to report fiscal first quarter results after the market closes
02:20analysts expect earnings per share of 188 on revenues of 19.18 billion as is according to data
02:27from benzinga pro okta is going to be the next stock on our list that's ticker okta and it will
02:34report
02:34fourth quarter earnings per share um estimated 62 on revenues of 749.58 million after the market closes
02:43on wednesday we'll see if it's able to meet those abercrombie and fitch shares they were up two percent
02:48in pre-market trading wall street expected the company to report quarterly earnings of 357 per
02:53share on revenue of 1.6 billion before the market opens now we have that print here abercrombie and
03:00fitch q4 adjusted eps of 368 beats the 357 estimate and sales were in line at 1.669 billion
03:08abercrombie sees q1 gap eps of 120 to 130 that's versus the 139 estimate so a little light there
03:15sales of 1.108 billion to 1.30 billion that's versus the 1.47 billion estimate so a little bit
03:24light on the q1 guide as well full year 26 gap eps of 1020 to 11 that's versus the 1022
03:30estimate
03:31and they see sales of 5.424 billion to 5.529 billion that was versus the estimate of 5.478
03:40billion so pretty much right in line with the full year guide there on abercrombie
03:46the next stock on our list is going to be box that's ticker b-o-x it posted upbeat earnings
03:51for
03:51the fourth quarter after the closing bell on tuesday box sees fiscal 2027 adjusted eps of 155 that's versus
03:58the 153 estimate and revenue of 1.28 billion versus the 1.27 billion estimate shares were up more than
04:05six percent uh before the opening bell on wednesday raw stores is the last stock on our list the ticker
04:12on this one is rost and it jumped over six percent before the bell on wednesday after the company
04:18reported better than expected financial results for the fourth quarter on tuesday company posted revenue
04:25of 6.64 billion versus the estimate of 6.41 billion and earnings per share of two dollars versus the
04:32estimate of 189 that is per benzinga pro
04:34you
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