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Stock Market Today: S&P 500, Dow Jones Futures Decline Amid Reports Of Iran Initiating Contact With Trump—Trade Desk, Webull, Broadcom In Focus
Transcript
00:07all right futures under slight pressure here this morning ahead of thursday's open
00:12it was hanging around unchanged for a lot of the morning until recently where it's dipped a little
00:17bit more s p futures down 0.3 percent uh dow futures down 0.56 percent and the nasdaq down
00:240.36 percent now let's go ahead and take a look at some cues from last session here consumer
00:30discretionary information technology and communication services stocks recorded the
00:35biggest gains and led most s p 500 sectors to a positive close on wednesday though energy and
00:41consumer staples ended up bucking that trend ongoing conflict in the middle east remains the primary
00:48driver of the significant market volatility as hostilities involving the u.s israel and iran
00:54have escalated throughout the region this marks the sixth consecutive day of unrest with no clear end
01:00in sight however the new york times reports that iranian leadership has initiated contact with trump
01:05to explore potential ceasefire negotiations i'm not actually sure where this is because shortly after
01:12that i saw a report that they denied that that was the case but they also said that they sank
01:17one of
01:17our carriers so take it with a grain of salt we'll see how it all shakes out meanwhile the 10
01:22-year
01:22treasury bond yielded 4.11 percent and the two-year bond was at 3.56 percent the fed's watch tools
01:28still
01:29pricing in a 97.3 percent likelihood that we leave rates unchanged in march i actually wouldn't be
01:35surprised if that continues into june as we had discussed earlier this week we have several stocks in
01:41focus for you here today the first one going to be the obvious one this is broadcom and the ticker
01:46is
01:46avgo broadcom jumped 6.6 percent in the pre-market on thursday after reporting better than expected
01:53financial results for the first quarter of fiscal 2026 after the close on wednesday that print is as
01:59follows q1 adjusted eps of 205 beat the 202 estimate and sales of 19.311 billion beat the estimate of
02:0719.195
02:09billion broadcom also sees q2 sales at 22 billion versus the 20.676 billion estimate so a guide higher
02:19there uh you know this is similar to what nvidia did right they had a good number they had a
02:25good guide
02:25they still ended up trading down broadcom here still higher in the pre-market we'll see if it can hold
02:30on
02:30to all that closed at 317 and a half yesterday currently sitting at 336 15 here in the pre-market
02:38the next stock on our list is going to be viva systems and the ticker on this one is v
02:43e e v
02:44it rose 11.32 percent after reporting an upbeat fourth quarter financial results and issuing full year
02:5127 guidance those numbers are as follows here q4 adjusted eps of 206 beat the 193 estimate sales of
02:58835.95 million beat the estimate of 810.615 million they see uh full year 27 adjusted eps of
03:07approximately 885 versus the 858 estimate so that's a little bit of a raise there and they see full year
03:13sales at 3.585 to 3.6 billion the estimate was for 3.56 billion so again slightly higher higher
03:22there
03:22viva systems sees q1 adjusted eps of 213 to 214 that was versus 206 estimate and they see sales at
03:29855 to 858 million that was versus an 847 and change estimate the next stock on our list is going
03:38to be my favorite brick and mortar store it is costco ticker is cost and it fell 0.17 percent
03:45as
03:46analysts expected to report earnings of 456 per share on revenue of 69.26 billion after the closing
03:52bell no new trades for me on this despite my affinity for this store i'm still just holding my
03:59long-term long position the next stock on our list is going to be weeble and the ticker on this
04:05one is
04:05b-u-l-l yes this is the stock that's literally named bull unfortunately it's trading down 3.13 percent
04:13this morning as it missed quarterly profit targets and ceo anthony denier bet on its ai assistant vega
04:21uh numbers here for weeble q4 adjusted eps of four cents that was in line sales of 165.2 billion
04:29did
04:29beat the estimate of 160 million exactly the last stock on our list get ready for the victory lapse
04:36folks get ready for the victory lapse the last stock on our list is the trade desk and the ticker
04:42on this
04:42one is ttd it surged 16.85 percent after a securities and exchange commission filing disclosed that
04:49president and ceo jeffrey terry green acquired 6 million 398 thousand and 89 class a common shares
04:58between march 2nd and march 5th now this is important because we have several folks in here
05:03that have been waiting for ttd to turn around big time shout out to lion and j rice who have
05:10recently
05:10been on this
05:12you
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