00:08All right, green arrows across the board here today, perhaps on the back of that exciting
00:13Nix win. We'll see. S&P futures up three quarters of a percent, 0.75%. Dow futures up 0.78
00:20% and the
00:21NASDAQ leading the way higher at plus 1.23%. Now let's take a look at some cues from last session
00:28as well as some stocks that we have in focus here for you today, get you all set for the
00:33trading day. Sectors that gained and lost on Wednesday saw most S&P 500 industries close
00:40on a negative note with industrials, materials, and information technology stocks recording the
00:45biggest losses. However, consumer staples and energy stocks bucked the overall market trend
00:50and closed the session higher. U.S. stock futures rose on Thursday as the NASDAQ 100, S&P 500,
00:56and Dow Jones indices advanced following Wednesday's lower close. Investors are closely watching the
01:02upcoming May PPI release along with weekly jobless claims before the opening bell. Middle East tensions
01:08have escalated significantly as the U.S. and Iran traded direct military strikes following warnings
01:14from President Trump that Tehran would, quote, pay the price, end quote, for stalled peace stocks.
01:20Renewed hostilities have severely disrupted regional stability, prompting neighboring countries like
01:25Kuwait to temporarily close their airspace amid the incoming Iranian attacks. That airspace has
01:30since been reopened. Meanwhile, the 10-year Treasury bond yielded 4.53 percent and the two-year bond was
01:37at 4.12 percent. CME Group's Fed watch tool projection showed that the markets are pricing in
01:42a 98.3 percent likelihood that the Federal Reserve leaves the current interest rates unchanged during the
01:48June meeting. And despite all of the conflict in the Middle East, oil is actually lower by a percent
01:54here ahead of the open. Now, we've got several stocks in focus here for you today, and the first
02:00one should be no surprise to anybody. That is indeed going to be Oracle, which reported earnings last
02:05night. Oracle, which is ticker ORCL, dropped by 8.87 percent in the pre-market on Thursday, despite reporting
02:13better-than-expected results for the fourth quarter as its remaining performance obligations, or RPOs,
02:19rose, and the CFO predicted lower gross margins for the fiscal year of 2027. Oracle's adjusted EPS of
02:26211 beat the 196 estimate, and sales of 19.184 billion beat the 19.095 billion estimate. Oracle also sees
02:36fiscal year 2027 adjusted EPS of 805 versus the 801 estimate and affirms full year 2027 sales guidance
02:45of 90 billion versus the estimate of 88.96 billion. So they beat, and the numbers were good, but that
02:53same effect, was it good enough? Doesn't appear to be. The next stock on our list is going to be
02:58Oxford
02:58Industries. The ticker on this one is OXM, and it fell 6.61 percent as it reported mixed results for
03:05the
03:05first quarter. The company raised its fiscal year 2026 earnings guidance while narrowing its sales
03:10outlook. The next stock on our list is going to be CoreWeave, and it was 1.35 percent higher as
03:16it
03:16announced on Wednesday its intention to offer 3.5 billion in aggregate principal amount of senior
03:21notes due in 2032 in dollar and euro denominations. A little bit more on CoreWeave later. The next stock
03:29on our list is going to be Visa, and it was up 0.37 percent as it announced a partnership
03:33with OpenAI
03:34for AI agent payments. The final stock on our list is going to be Adobe, ticker ADBE, and it was
03:42up 0.39
03:43percent as Wall Street expects it to post quarterly earnings of 582 per share on revenue of 6.46
03:49billion after the closing bell today.
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