00:09All right, futures right across the board ahead of Thursday's open, but we'll see how long that
00:15lasts. If it does indeed last, all of the indexes are off their lows from the overnight session and
00:22from this morning's pre-market session. S&P futures only down 0.11% now. Dow futures down
00:290.32%. And the NASDAQ futures about to go green here down 0.05%. So looks like things are changing
00:37here in the morning. We'll see how that happens or we'll see what happens when we get the opening bell.
00:44Now, definitely want to take a look at some cues from the last session here.
00:50Information technology, energy, and communication services recorded the biggest surge on Wednesday
00:55while real estate, industrials, and financials declined. U.S. stock futures declined on Thursday
01:02morning following another record-breaking surge on Wednesday. Futures of major benchmark indices were
01:07lower at the time of this writing as peace efforts in the Iran war stalled amid seizures of vessels in
01:14the Strait of Hormuz. On Wednesday, the Dow Jones index closed 341 points higher after President Trump
01:21extended the ceasefire indefinitely, calling a seriously fractured government in Tehran. Meanwhile,
01:28the 10-year Treasury bond yielded 4.31% and the two-year bond was at 3.8%.
01:34The CME Group's Fed watch tool projections show that the markets are still pricing in a 99.5%
01:41likelihood of the Federal Reserve leaving the current interest rates unchanged in April.
01:45That meeting is next week. All right, we have several stocks in focus here for you today. The
01:52first one should be obvious. It is indeed Tesla. Tesla reported better-than-expected first-quarter
01:57financial results on Wednesday after the market closed. Tesla reported first-quarter revenue of
02:02$22.71 billion, which was up 16% year-over-year. Tesla, however, declined 3.03% in pre-market
02:09trading.
02:10So initially, Tesla popped after its earnings yesterday. It ended up giving those gains back in the
02:15after-hour recession and is lower here today. So I'm curious to see if Tesla can actually hold
02:20this low very much like the market is trying to do and trade back up. Boeing is the next stock
02:26on
02:26our list. That reported better-than-expected results for the first quarter on Wednesday.
02:30The company reported first-quarter revenue of $22.22 billion. That was up 14% year-over-year
02:35and above the $21.78 billion estimate. Boeing was declining 0.42% in pre-market trading here today.
02:44The next stock on our list is going to be Intel, and the ticker on this one is INTC. That
02:49is actually
02:49slated to report earnings of $0.01 per share on revenue of $12.37 billion in the first quarter
02:55after the closing bell today. Intel was up today in pre-market trading.
03:00The next stock on our list is going to be Texas Instruments, ticker TXN. It reported better-than-expected
03:06results for the first quarter on Wednesday after hours. The company reported first-quarter revenue of
03:11$4.83 billion, which was up 19% year-over-year, while earnings per share stood at $168.
03:17TXN surged 10.67% this morning. We'll see if that continues its strength today.
03:24The next stock on our list is going to be Lockheed Martin. Wall Street analysts expect Lockheed Martin,
03:29ticker LMT, to report earnings of $672 per share in the first quarter before the opening bell.
03:34Lockheed Martin was up 0.42% in early trading. Lockheed's report has since come out. It traded
03:42down to 5.10, where it looks like it held, or I guess I have, sorry, I have a low
03:47print here of
03:475.14, so right around that 5.10, 5.15 area. Looks like it's trying to recover that move down
03:56here.
03:56It's retraced about 50% of that so far. We'll see how Lockheed Martin does here today.
04:02Next stock on our list is going to be ServiceNow, and the ticker on this one is NOW. It extended
04:07losses to drop more than 13.5% in pre-market trading, fell 14% on Wednesday after the software
04:14company flagged a drag in subscription revenue that they cited was because of the ongoing Middle East
04:19conflict. The last stock on our list is Big Blue, and that's of course IBM. The ticker is IBM. Stock
04:27dropped 8.6% in trading before the bell as the software company beat analysts' first quarter
04:33earnings expectations, but maintained its outlook due to the macro uncertainty.
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