Podcast
Next Day Prep #70: Small-Caps Shine, Tech Roars Key Takeaways – Thursday 7/17/2025
Key takeaways
- The market sentiment is positive with strong consumer spending and a healthy jobs market. Tech sector leadership, along with a broader rally, presents both short-term trading and longer-term investment opportunities across various sectors.
Next Day Prep: Small-Caps Shine, Tech Roars Key Takeaways
A quick analysis of today’s market outlook and key trading opportunities to start your day.
Intro & Market Mood:
Welcome to Next Day Prep – What We Are Watching Tomorrow. The market showed remarkable strength today, with new all-time highs on the S&P 500 and the Nasdaq. The strong economic data and positive earnings reports fueled a broad-based rally.
Overnight Headlines:
- Retail sales exceeded expectations at 0.6%, signaling robust consumer spending.
- Initial jobless claims of 221,000 indicated a strong labor market with low layoffs.
- Tech sector and small-caps outperformed, showing a risk-on sentiment across the market.
Economic Announcements:
No major economic announcements overnight.
Earnings Highlights:
- PEP (PepsiCo) soared over 7% after reporting strong earnings and revenue growth, driven by successful brand strategies and international business performances.
Top Movers:
- AAPL (Apple) and NVDA (NVIDIA) displaying leadership qualities with potential breakout levels at $211 for AAPL and $655 for NVDA.
- Awaiting breakouts in AMD, AMDL, and MSTR, showing positive chart patterns and volume spikes.
Quick Trade Ideas:
- Consider entering AAPL at $210.50 or NVDA after a breakout above $655 for potential quick gains.
- Look for entry points in anticipation setups like AMD above $160.64, AMDL near $10.73, and MSTR above $455.