Podcast
Next Day Prep #20: S&P Breaks 50-Day Moving Avg Bullish Momentum Continues! – Friday 5/2/2025
Key takeaways
- Despite mixed results in earnings, there are opportunities for savvy traders. Stay informed, watch key levels, and be prepared for potential market shifts.
- Note: This is a formatted and summarized version of the podcast transcript for WordPress.
Next Day Prep: S&P Breaks 50-Day Moving Avg Bullish Momentum Continues!
A quick analysis of today’s market outlook and key trading opportunities to start your day.
Market Briefing: Next Day Prep – What We Are Watching Tomorrow
Intro & Market Mood
Markets closed strong, with the S&P 500 securing its ninth straight gain and rising by 1.5%. The Nasdaq and Dow also posted positive results, showing significant underlying strength.
Overnight Headlines
- China trade talk optimism is adding to market momentum.
- Nonfarm payrolls report: 177,000 new jobs created with unemployment steady at 4.2%, beating expectations.
Economic Announcements
- Factory orders showed a mixed performance with a 4.3% headline number but weaker results excluding transportation.
Earnings Highlights
- Instacart (CART): Despite an EPS miss, strong order growth and EBITDA improvements paint a positive future outlook.
- Apple (AAPL): Beat on earnings and revenue, announced a significant $100 billion stock buyback program.
- Amazon (AMZN): In line with revenue, beat on earnings, but Q2 guidance met expectations.
Top Movers
- Five9 (FIVN): Beat on earnings and revenue, raised guidance for Q2 and FY25.
- Airbnb (ABNB): Expects growth moderation in Q2 despite beating on earnings.
Quick Trade Ideas
- Keep an eye on Roku (ROKU) with a strong performance but soft Q2 revenue guidance.
- Consider Take-Two (TTWO) for its reiteration of expectations for record Net Bookings in ’26 and ’27.