Podcast
Morning Dose #91: Futures Soar on Stellar Earnings, Palantir Shines – Tuesday 8/5/2025
Key takeaways
- Keep an eye on the overall market momentum post-earnings as we await critical economic data releases for further direction.
Morning Dose: Futures Soar on Stellar Earnings, Palantir Shines
A quick analysis of today’s market outlook and key trading opportunities to start your day.
Intro & Market Mood
Good morning traders! Equity futures are pointing higher today, riding on yesterday’s rebound. The market is feeling cautiously bullish due to a flood of positive earnings reports.
Overnight Headlines
- Palantir (PLTR) soars over 5% pre-market on stellar earnings and guidance.
- Caterpillar (CAT) disappoints with earnings miss, down about 3.6%.
- Other notable earnings beats include BP, Pfizer, and Marriott Vacations.
Economic Announcements
Watch for Trade Balance, Services PMI, and ISM Services data releases today to gauge the economic landscape.
Earnings Highlights
Key earnings movers: AIP up 64%, STAAR Surgical surges 45%, while Inspire Medical and Ichor face significant drops.
Top Movers
- Gainers: AIP, STAAR, BWX Technologies, Lemonade
- Losers: Inspire Medical, Ichor, Hims & Hers
Quick Trade Ideas
For SPY: Watch support at 630 and resistance at 634 for potential cues.
For QQQ: Support around 565, with resistance at 568 crucial for further upside.