00:08all right we've got green arrows across the board here today but we'll see if that holds
00:14into the open as the green arrows are diminishing and we are moving down from our pre-market highs
00:20s&p futures up 0.14 percent dow futures up 0.16 percent and the nasdaq futures up 0.2
00:26percent
00:27we are 21 minutes ahead of the ppi print that's due today so we'll see what kind of movement that
00:34gives for the market but nice to wake up here with some green arrows across the board let's take a
00:41look at some ins or excuse me let's take a look first at some cues from last session energy consumer
00:46discretionary and communication services led the s&p 500's gains on tuesday though consumer staples
00:53and health care stocks trended lower investors are eyeing the producer price index data which
01:01is scheduled to be released before the market opens today additionally the street is also awaiting
01:07federal open market committee's decision on interest rates later in the day which will be followed by
01:12fed chairs jerome powell's press conference and the publication of the summary of economic projections
01:18otherwise known as the dot plot the cme group's fed watch tool projections show markets pricing in
01:24a 98.9 percent likelihood of the federal reserve leaving the current interest rates unchanged as we've
01:29been saying here this looks baked in we're not really expecting any surprises here today
01:35with the u.s iran war entering its third week president trump said that the u.s is not prepared
01:40to
01:40bring the military conflict to a close but would still exit soon quote we're not ready to leave yet
01:46but we're leaving in the near future we'll be leaving in pretty much the very near future end quote
01:5310-year treasury bond yielded 4.17 percent and the two-year bond was at 3.66 percent now let's
02:01take a
02:02look at uh some stocks in focus for you here today the first one the big earnings report of yesterday
02:09and this is important because we've watched some of these other retail stocks like gap and kohl's trade up
02:15on their print and then fade the gains away we'll see if we get the opposite here for lululemon which
02:21is our first stock the ticker is lulu it fell 2.04 percent in the pre-market on wednesday after
02:28it
02:28issued fiscal guidance below estimates for completeness lululemon reported q4 eps of 501 which
02:35beat the 479 estimate sales were 3.641 billion that beat the 3.587 billion estimate so top and
02:45bottom line beat on last quarter they see q1 gap eps of 163 to 168 that was versus the 209
02:52estimate so
02:53that coming in a little bit lighter and they see sales of 2.4 to 2.43 billion the estimate
02:59was for
02:592.474 billion so that coming in a little lighter as well lululemon sees fiscal year 26 gap eps of
03:0612 10 to 12 30 that was versus the 12 67 estimate and they see full year sales of 11
03:12.35 billion to
03:1411.5 billion that was versus the estimate of 11.53 billion so despite putting up a good number for
03:20the
03:20previous quarter the guide was a little soft here and lululemon has come in a little bit it is worth
03:25noting that lululemon is up off of its lows and only down a couple of percent here in the pre
03:30-market
03:30so we'll see if we get the inverse reaction that we've seen in some of the other uh retail names
03:37that we've looked at recently the next stock on our list is going to be cf industries the ticker is
03:43cf
03:43and it fell 2.72 as crude oil futures declined and mizuho downgraded cf industries to underperform
03:52warning that the stock's 60 year-to-date rally is quote overdone end quote and that geopolitical
03:58spike in nitrogen prices are likely temporary that was according to an investing.com report
04:04as a uh side note here big time shout out to one of our chat members jay rice who right
04:11in the moment
04:11of this came in and said hey those things are probably overdone don't chase them since he said
04:17that they've done nothing but pull back an excellent call by one of our community members here
04:23the next stock on our list is going to be micron and i think this is probably the biggest stock
04:28that
04:28folks are going to be looking at or planning for here today micron gained 2.99 as analysts expected
04:35to report earnings of 877 per share on revenue of 19.26 billion that's going to come after the
04:42closing bell today so kind of an important day uh for micron to be reporting earnings we'll see what
04:47kind of number they put up and where the stock goes i believe they also got an upgrade from bernstein
04:52this morning so they're trading higher here in the pre-market ahead of those earnings the next stock on
04:57our list is going to be kkr and co the ticker is kkr and it rose 0.71 as it
05:03announced an investment of
05:04up to 310 million in pmi electro and its ebus unit all fleet the last stock on our list is
05:12going to be
05:13new fortress energy and the ticker on this one is nfe it jumped 6.96 after it signed a debt
05:21restructuring
05:22agreement with creditors
05:24agreement with creditors
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