00:07all right we're looking at a mixed open here ahead of friday's open mixed futures ahead of
00:13friday's open i beg your pardon s p futures up 0.08 the dow future is actually in pullback mode
00:18they're down 0.19 and actually weakening as we get deeper into the morning here uh nasdaq the
00:25opposite of that that's actually leading the way higher by 0.24 and that is also at its highs here
00:30this morning so we'll see what kind of movement we get out of the opening bell oh one more quick
00:35check in here oil is higher by 0.8 so oil also up oil futures also up a little bit
00:43here let's take
00:44a look at some cues from last session as well as what we can expect from this session we also
00:48have
00:48several stocks in focus here for you today energy and material stocks bucked the overall market trend
00:54to close lower on thursday while most s p 500 sectors ended higher led by big gains in tech
01:00real estate and communication services the benchmark s p 500 settled at a fresh record high as u.s
01:07equities rallied following fresh producer price index data the u.s stock futures were mixed on friday as
01:13the dow jones slipped and the nasdaq and s p 500 indices rose following thursday's higher close
01:19according to reuters the u.s stated it can maintain its naval blockade of iran quote in
01:24definitely end quote treasury secretary scott besant warned of impending measures quote never been
01:30seen in the history of economic isolation end quote the economic pressure campaign follows fresh
01:37iranian attacks on vessels in the strait of hormuz where falling shipping traffic has led the
01:42international energy agency to forecast a four percent drop in global oil supply this year
01:48the unchanged july producer price index reading added to signs of easing inflation following wednesday's
01:54softer than expected consumer price index report traders subsequently scaled back expectations for a
02:00september fed rate hike with the markets pricing a 32.4 percent probability of an increase and a 67.6
02:07percent chance of no change meanwhile the 10-year treasury bond yielded 4.66 percent and the two-year bond
02:14was
02:14at 4.15 percent as mentioned the cme group's fed watch tool projections show that the markets are
02:19only pricing in a 32.6 percent likelihood that the federal reserve hikes the current interest rates
02:25during its september meeting furthermore we don't have many inflation prints between now and then
02:30now we have several stocks in focus here for you today and the first one's going to be the big
02:35earnings report of the night last night this is going to be amat and the question i want everyone
02:41thinking about here today is amat at peak earnings what does that mean for the rest of the ai trade
02:47applied materials or ticker amat their shares their shares slipped by 4.81 percent despite posting
02:55better than expected financial results for the third quarter and issuing strong guidance for the
03:00current quarter the next stock that we have on our list here today is going to be globant the ticker
03:05is glob and shares tumbled by 14.81 percent after reporting mixed second quarter financial results
03:12and cut its fiscal year 26 guidance below estimates the next stock on our list is going to be workday
03:19the ticker is wday and it fell half a percent following nearly 18 rally a day earlier as reuters reported
03:27that silver lake is in talks to acquire the company the next stock on our list is going to be
03:33jd.com
03:34the ticker is jd and it declined by three and a half percent even though it returned to operating
03:39profit it saw its first ever revenue decline since its 2014 ipo the next stock on our list is going
03:47to
03:47be reddit ticker rddt and it jumped 12.45 as the s&p dow jones indices announced the social media
03:54platform
03:54will replace avalon bay communities ticker avb in the benchmark index effective before the opening bell on
04:03tuesday august 18th no word on what wall street bets thanks about that move the next stock on our list
04:10and the last stock on the list here for today is in fact going to be sandisk the ticker is
04:14sndk and it
04:15rose 3.7 percent as it announced that it expected revenue to grow at mid to high teens annual rate
04:21through fiscal 2028 through 2030 with adjusted gross margins of near 80 operating margins around 75
04:2825 and free cash flow at roughly 50 of revenue
04:33you
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