Podcast
Next Day Prep #15: Market Mega-Caps Surge Key Chipmaker & SOX Move Up – Thursday 4/24/2025
Key takeaways
- Market sentiment remains positive with mixed earnings reports. Outlook for tech and consumer discretionary sectors appears bullish, but cautious approach is advised.
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Next Day Prep: Market Mega-Caps Surge Key Chipmaker & SOX Move Up
A quick analysis of today’s market outlook and key trading opportunities to start your day.
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Intro & Market Mood
Markets have been on a roll with three straight days of gains, leading to double-digit increases off April lows. Mega-caps and chipmakers are driving the charge, supported by lower yields and steady jobs data.
Overnight Headlines
- Dow up almost 500 points
- S&P 500 up 2%, Nasdaq up 2.7%
- Ten-year yields down to 4.31%, two-year at 3.79%
Economic Announcements
- Initial jobless claims: 222,000
- Existing home sales: 4.02 million
- Friday’s focus on Michigan Consumer Sentiment, consensus 48.5
Earnings Highlights
- IBM: Beat on earnings and revenue, raised guidance, stock down 6% due to macro commentary
- Chipotle, Southwest: Decent results with cautious guidance
- Red Hat: Strong growth in software segment
Top Movers
- Alaska Air: Lowering guidance
- Bristol-Myers Squibb: Beating estimates and raising guidance
- Discover Financial: Beating estimates
Quick Trade Ideas
- PROCEPT BioRobotics: Raising full-year revenue guidance
- Procter & Gamble: Guiding lower on EPS and revenue