00:08all right big time green arrows here ahead of wednesday's open for may 6th s&p futures up 0.75
00:16they were actually up over a percent at the high they've backed off that high a little bit but still
00:22green across the board s&p up 0.75 dow futures up 0.92 and the nasdaq futures leading the
00:29way
00:29higher at point or excuse me at 1.25 percent one and a quarter percent all right let's take a
00:37look
00:37at some cues from last session here recording the biggest gains on tuesday were materials
00:44information technology and industrials as all s&p 500 sectors closed positively with no groups
00:51posting losses now given the news that we have here today about the potential end to the conflict
00:58and seeing yesterday's trading action can you make the assumption that maybe somebody had an
01:04inkling that that was going to happen you could make that assumption we'll see how it shakes out
01:08u.s stock futures rose on wednesday after tuesday's record close this followed president trump's
01:14announcement of a temporary pause in the military-backed operation called project freedom
01:19this project was designed to escort commercial ships through the strait of hormuz
01:24trump said on truth social that while u.s operations would be paused temporarily to allow
01:30negotiations to continue america's blockade would remain firmly in place meanwhile the 10-year
01:38treasury bond yielded 4.37 percent and the two-year bond was at 3.89 percent the cme group's fed
01:45watch
01:45tool projections show the markets pricing in a 94.1 percent likelihood of the federal reserve leaving the
01:51current interest rates unchanged during the june meeting now if oil continues to get pounded here
01:56we'll see how that changes we have several stocks in focus here for you today and the first one is
02:02going to be smci this is super micro computer and it jumped 17.21 percent after reporting upbeat earnings
02:10for the third quarter and issuing fourth quarter eps guidance above estimates uh super micro reported
02:17adjusted eps of 84 cent that crushed the 62 cent estimate sales of 10.243 billion missed the estimate
02:25of 12.33 billion super micro computer sees q4 adjusted eps of 65 to 79 cents that was versus a
02:3455 cent estimate
02:35and they see sales of 11 to 12 and a half billion that was versus an estimate of 11.069
02:41billion
02:43the next stock on our list is going to be advanced micro devices and the ticker is amd and it
02:48surged
02:4918.64 percent as it reported better than expected first quarter financial results and issued second
02:55quarter guidance above estimates amd posted an adjusted eps of 137 which beat the 129 estimate
03:01and sales came in at 10.25 billion which beat the 9.89 estimate amd also sees q2 sales of
03:0910.9 billion
03:10to 11.5 billion to 11.5 billion and that was versus an estimate of 10.518 billion the next
03:18stock on our
03:19list is going to be a resta networks ticker is a net and it dropped 8.74 percent as the
03:25company guided
03:26second quarter revenue of 2.8 billion and eps of 88 cents both above expectations but shares fell
03:33sharply after hours as investors appear to anticipate stronger guidance recent networks sees q2 adjusted eps
03:40of 88 cents versus an 85 cent estimate and they see q2 sales at 2.8 billion versus the 2
03:47.774 billion
03:48so it looks like investors were looking for more than that and they simply didn't get it
03:53the next stock on our list is going to be intel looking at you kelly intel advanced 6.4 percent
03:58after
03:59it cleared a significant antitrust hurdle for its investment in ai chip startup sambanova boosting
04:05investor confidence in its strategic direction and it really seems like intel has been firing on
04:10all cylinders recently again that stock uh here 112 in the pre-market the last stock on our list is
04:18going
04:18to be micron ticker mu it gained six and a half percent after the company ceo highlighted the growing demand
04:24for memory and ai applications emphasizing that the issue lies in tight supply rather than weak demand
04:31the surge in demand has positively impacted micron stock performance i would say that that's a bit of an
04:37understatement micron is absolutely moving here today
04:40you
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