00:07all right futures under a bit of pressure after yesterday's fed meeting as well as the micron
00:13earnings report that we got after ours s&p futures here down 0.43 ahead of uh thursday's open
00:21dow futures down 0.36 and the nasdaq futures down 0.6 percent
00:28let's take a look at some cues from last session here materials consumer discretionary and consumer
00:33staple sectors led the s&p 500 decline on wednesday as the dow jones dropped over 750 points following a
00:41new economic report and the fed remarks which came off as hawkish markets processed the federal
00:49reserves widely anticipated decision to maintain interest rates at three and a half to 3.75
00:55for a third consecutive meeting uh again leading up to this we figured that was the what was going to
01:02happen the fomc highlighted that despite solid economic expansion inflation stays somewhat
01:07elevated and job growth remains sluggish president trump warned iran that continued strikes on
01:13qatar's lng facilities would face major retaliation while simultaneously signaling that israel would
01:18cease targeting iran's vital southpars gas field following talks with trump and the qatari emir
01:25french president emmanuel macron urged an immediate end to the infrastructure attacks to protect
01:30civilians and stabilize global energy supplies meanwhile the 10-year treasury bond yielded 4.28
01:37percent and the two-year bond was at 3.8 percent the fed's cme watch tool projections are pricing in
01:45a
01:4595.9 percent likelihood for the federal reserve leaving current interest rates unchanged oh this
01:51was from this was from unchanged yesterday this is going to be for the next meeting i still am in
01:56the
01:56camp here that we do not think we are going to get a cut at least until the back half
02:04of the year this was
02:05the case earlier and i think the case for that has just been made stronger recently that is what we're
02:10expecting going forward so definitely no cut until paulo is uh out of there until his successor takes
02:17over but even then we may have to wait uh several meetings before we get our first cut now we
02:24have
02:24several stocks in focus here for you today and the first one is going to be an obvious one this
02:29is
02:29micron the ticker on this one is mu and this was easily the biggest report of the day after hours
02:35yesterday micron fell 4.01 percent in the pre-market on thursday despite reporting better than expected
02:41financial results for the second quarter of fiscal 2026 that is an understatement i'm about to read you
02:47some of these numbers i mean it was a huge beat it expects fiscal 2026 capex to be above 25
02:53billion
02:53now again just to kind of clean this up here micron's q2 adjusted eps of 1220 beat the 921 estimate
03:01big beat there and sales were 23.86 billion that beat the estimate of 19.93 billion so really really
03:10healthy on both the top and the bottom line micron sees q3 adjusted eps of 1875 to 1955 versus the
03:171170
03:18estimate and they see sales of 32.75 to 34.25 billion that was versus the estimate of 23.8
03:25billion
03:27just again 23.8 and they're saying they're going to see seals at cc sales easy for me to say
03:33at 32
03:34a 9 billion dollar almost a 30 percent beat above that estimate micron sees q3 gap eps of 1850 to
03:411930
03:41that's versus the 1195 estimate and they see uh the sales is the same figure there 32.7 to 34
03:48.25 so
03:49just a massive beat here for micron and it's trading down here today can't wait to get the group's
03:54opinion on how we're going to trade that the next stock on our list is going to be rocket lab
03:59and
03:59the ticker on this one is rklb and it rose 1.83 after securing 190 million dollar contract for a
04:06block buy of 20 hypersonic test flights with its haste launch vehicle for the test resource management
04:12center cementing hypersonics leadership with the department of war the next stock on our list is
04:19going to be fedex and the ticker on this one is fdx it was 0.09 percent lower as analysts
04:25expected
04:26to report earnings of 413 per share on revenue of 23.42 billion that comes after the closing bell today
04:34the next stock on our list is going to be guardian pharmacy services ticker on this one is grdn
04:41it dropped 10.06 after announcing a proposed public offering of 5 million shares the last stock on our
04:51list here today is going to be constellation energy and the ticker on this one is ceg it rose 0
04:57.08
04:58percent after it announced an agreement to sell pjm generation assets to lspower
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