Podcast
Morning Dose #71: Tech Surge Ignoring Trade Drama – Thursday 7/10/2025
Key takeaways
- Focus on Tech ( XLK ) & Consumer Discretionary ( XLY ) sectors for trading opportunities. Watch for support levels and stay disciplined amidst market resilience.
Morning Dose: Tech Surge Ignoring Trade Drama
A quick analysis of today’s market outlook and key trading opportunities to start your day.
Intro & Market Mood
The Morning Dose Market Briefing: Good morning traders! Today’s market is cautiously bullish with tech leading the way. Despite a flattish start, Nasdaq sits at a new record high, showing underlying momentum.
Overnight Headlines
- President Trump announced tariffs on Brazil and copper, but market seems unfazed, focusing on tech leadership and lower rates.
- Positive signs include Indian officials heading to the U.S. for trade talks.
Economic Announcements
Key Data: Keep an eye on Initial Jobless Claims at 8:30 AM Eastern, expected around 245,000.
Earnings Highlights
- Delta Air Lines (DAL): Crushed Q2 expectations with solid guidance, signaling consumer spending.
- Conagra Brands (CAG): Missed on earnings and issued below-consensus guidance, reflecting possible consumer selectivity.
Top Movers
- WK Kellogg (KLG): Up over 50% on potential acquisition by Ferrero.
- MP Materials (MP): Soars 30% on partnership with U.S. Department of Defense for rare earth magnets.
Quick Trade Ideas
- Continuation Play: Microsoft (MSFT) – Watch for tech momentum.
- Anticipation Play: Semiconductor sector – Consider Applied Materials (AMAT).
- Support/Resistance Levels: SPY 620 for support, 625 for resistance.