00:08All right, a bit of a mixed bag here ahead of Thursday's open. S&P futures are up 0.09%.
00:15They're pretty much oscillating in a range here this morning. The Dow futures are up 0.17%. Again,
00:22fairly sideways here this morning. And the Nasdaq's actually moving lower. It's down by 0.61%.
00:29It too is moving a bit sideways, but it kind of has a bearish tilt to it as it seems
00:35to be weakening
00:36slightly into the open. We'll see what happens when we actually get that opening print. And actually,
00:42quick check-in on oil. That's higher by 0.78% here today, slash CL in a 75 handle. Now,
00:51let's take a
00:51look at some cues from last session, as well as what we can expect for this session as we get
00:57you ready
00:57to go for the trading day. Healthcare, financials, and material stocks led the gains on Wednesday,
01:03which drove most S&P 500 sectors higher, while energy communication services dropped.
01:09U.S. stock futures were mixed on Thursday as the Dow S&P rose and the Nasdaq declined following
01:14Wednesday's mixed close. According to Reuters, a proposed Oman broker deal could hand Tehran
01:21control over inbound shipping through the crucial Strait of Hormuz, marking a potentially major
01:27concession in the five-month conflict. While crude prices eased with Brent oil futures trading around
01:3379.91 per barrel at the last check, Iran reported the shipping agreement was in its final stages.
01:41Significant sticking points remain over control and cargo fees, with Washington continuing to resist
01:46Iranian authority over the waterway. Meanwhile, the 10-year Treasury bond yielded 4.62% and the
01:53two-year bond was at 4.2%. The CME Group's Fed watch tool projections show markets pricing a 54.9
02:00%
02:00likelihood of the Federal Reserve hiking the current interest rates during its September meeting.
02:05It's interesting because that number is coming in a little bit. Now, we've got several stocks for you
02:11in focus today. The first one's going to be SpaceX. SpaceX, probably the top focus of the day.
02:16Ticker SPCX. Now, it was 2.87% higher in the pre-market. That's as its staggered unlock schedule
02:23for shares will begin on Thursday, releasing up to 20% of restricted insider shares with subsequent
02:29tranches rolling out through late 2026, and the final major expiration ending on December 8th of 2026,
02:36and Elon Musk's personal shares locked until June of 2027. So, a 20% tranche today. We'll see what
02:43that does for the price. The next stock on our list is going to be Sandisk, which reported earnings
02:48last night. Sandisk, ticker SNDK, dropped 9.45% in the pre-market on Thursday despite posting better
02:55than expected fourth quarter results after Wednesday's closing bell. The company's board of directors
03:00approved a $14 billion share repurchase expansion, bringing the total to $15.5 billion available for
03:07purchase. The next stock on our list is going to be Western Digital, and the ticker is WDC.
03:14It tumbled 13.89% as well despite beating fourth quarter results. It expects first quarter adjusted
03:20EPS of 385 to 415 versus a 381 estimate and revenue of $4 to $4.2 billion versus the $4
03:27.01 billion
03:28analyst estimate. The next stock on our list here is going to be Applovin, ticker APP. It slumped 14.31
03:36%
03:36as it reported second quarter revenue of $1.924 billion. That missed the analyst consensus of
03:42$1.935 billion, and earnings of $3.76 per share for the quarter beat the estimate of $3.67 per
03:50share.
03:51The next spot on our list is going to be HubSpot, ticker HUBS. It also plunged 23.31% despite
04:00upbeat second quarter earnings and sales results. The last stock on our list is going to be Circle
04:06Internet Group. The ticker is CRCL. It declined 2.5% after reporting mixed second quarter financial results.
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