Next Day Prep #56: Tech Giants Fuel Market Shielding – Thursday 6/26/2025
Key takeaways
- Traders should focus on tech and financial sectors for momentum plays. Mega-cap stocks are propping up indices, while cautious optimism prevails. Keep an eye on support and resistance levels for breakout opportunities.
Next Day Prep: Tech Giants Fuel Market Shielding
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! Despite a day of mixed market performance, the S&P 500 maintained its ground, largely thanks to the strength of mega-cap tech stocks like NVIDIA, Alphabet, Apple, and Microsoft. Market breadth was weak with most stocks seeing profit-taking, but these giants offset broader weakness.
Overnight Headlines
- FedEx (FDX) down over 3% on disappointing outlook
- Tesla down nearly 4% on European sales slump reports
- BlackBerry (BB) soars over 12% on beating Q1 estimates
Economic Announcements
Fed Chair Powell’s testimony lacked new rate cut insights. NATO commits to defense spending target, calming Israel-Iran tensions. Weak new home sales data for May signals housing market strain.
Earnings Highlights
- BlackBerry (BB): Revenue beats estimates, positive outlook
- General Mills, Paychex, Winnebago, Fuller, Jefferies, Micron Technology, Walgreens, Nike, Apogee Enterprises upcoming earnings
Top Movers
Watch semiconductors as Philadelphia Semiconductor Index continues to surge. Mixed sector performance with Technology up, Real Estate down, and Energy weak.
Quick Trade Ideas
- Continuation Breakout: Consider ESGL for a breakout above $3.60
- Anticipation Setups: Watch MSFT, JPM, and AMBA for potential rallies