00:08All right. Futures under pressure ahead of Wednesday's open here. S&P futures down 0.88%.
00:15The Dow futures down 0.77%. And the NASDAQ leading the way lower at minus 1.4%. So red
00:23arrows across the board here prior to Wednesday's open. Now, let's take a look at what happened with
00:31last session, as well as some stocks to keep in focus here today. Healthcare, real estate,
00:40and material stocks recorded the biggest gains on Tuesday, driving a lot of S&P sectors to close
00:46on a positive note. However, information technology and energy stocks bucked the overall market trend
00:51and closing the session lower. U.S. stocks actually settled mixed. U.S. stock futures fell on Wednesday
00:59as the NASDAQ 100, S&P 500, and Dow Jones indices declined following Tuesday's mixed close.
01:05Investors are closely watching the upcoming May CPI release before the market opens,
01:10which FactSet data estimates will show a 4.2% year-over-year increase. If accurate,
01:16this uniform projection across surveyed analysts would mark the largest annual rise in consumer
01:21prices since April of 2023. On Tuesday, President Trump ordered military strikes against Iran
01:27after a U.S. Apache helicopter was brought down near the Strait of Hormuz. Trump later downplayed
01:33the severity of the incident, telling the Wall Street Journal that it, quote, wasn't a big deal,
01:38end quote, because the pilot is fine. Actually used an autonomous boat to rescue them.
01:43This came after Trump posted early on Monday that both sides, Israel and Iran, are looking to do an
01:49immediate ceasefire, end quote, shortly before Iran's armed forces said that they ended military
01:55operations against Israel. Meanwhile, the 10-year Treasury bond yielded 4.53% and the two-year bond
02:01was at 4.14%. The CME Group's FedWatch tool projections show that the markets are pricing in a
02:0798.2% likelihood that the Federal Reserve leaves the current interest rates unchanged during the June
02:14meeting. Now, as mentioned, we have several stocks in focus here for you today. The first one is
02:19going to be SMCI. This is Super Micro Computer. It dropped 8.74% in the pre-market on Wednesday
02:25after the company announced it proposed offering to fund AI orders. It launched a series of offerings
02:32expected to generate gross proceeds of $7 billion to fund the purchase of components to fulfill AI
02:38server orders that the company received in, quote, recent weeks, end quote. The next stock on our list
02:45is going to be Casey's General Stores, and the ticker is CASY. It was 2.8% higher as it
02:51reported
02:52better than expected fourth quarter results. For the fourth quarter, EPS came in at 4.37%, exceeding
02:58the analyst estimates of 3.32% by 31.63%. The next stock on our list here is going to
03:09be AutoZ
03:10Internet Technology. The ticker on this one is AZI. It surged 54.05% following the fulfillment of a $7
03:19million funding commitment by its controlling shareholder, and that was announced by the
03:25company directly. The next stock on our list is going to be Cracker Barrel Old Country Store,
03:32and the ticker on this one is CBRL. It rose 5.51% as it reported third quarter fiscal 2026
03:39results
03:40that exceeded expectations with revenue of $797.4 million and adjusted earnings of $0.29 per share.
03:50The next stock and the final stock on our list is going to be Oracle. The ticker is ORCL, and
03:55it was
03:552.67% lower as Wall Street expects it to post quarterly earnings of $196 per share on revenue of
04:02$19.1 billion after the closing bell today.
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