📊 OptionsPlayers Market Wire – Friday
Futures muted
U.S. stock futures are flat after yesterday’s fireworks. At 3:34 ET, Dow futures are down 32 points (-0.1%), S&P 500 slipped 3 points (-0.1%), and Nasdaq 100 is unchanged. Thursday saw the Dow, S&P 500, and Nasdaq all notch record closes, powered by data that cemented expectations of a Fed rate cut next week. CPI came in hot at 2.9% YoY, jobless claims hit a near 4-year high, and the market now fully expects a 25 bps cut, with some whispering a 50 bps move. Tesla ripped higher, and Micron jumped 7.5% on a Citi upgrade.
💻 Adobe raises outlook
Adobe lifted full-year guidance, with FY25 revenue now expected at $23.65–23.70B and EPS $20.80–20.85. Shares ticked up 3% after hours. While still down over 20% YTD, the company highlighted strong traction in its AI-enhanced Firefly tools, Photoshop, and Premiere Pro. CFO Dan Durn noted new users and subscribers are driving growth. This keeps our ADBE thesis in play — we’ve stayed undefeated on ER plays this year.
📉 Michigan consumer sentiment ahead
Eyes are on the University of Michigan survey at 10 AM ET. Last month’s reading dropped to 58.2 as tariffs weighed on households. Inflation expectations remain elevated: 1-year at 4.8% and 5-year at 3.5%. With CPI running at 2.9% YoY, the Fed’s balancing act is clear — fight inflation or support jobs.
🤖 Microsoft + OpenAI deal
Microsoft and OpenAI reached a non-binding deal on restructuring OpenAI into a for-profit entity. The agreement includes over $100B flowing into its nonprofit arm, setting it up as one of the largest philanthropic groups ever. MSFT traded higher on the news.
🛢 Oil dips
Crude is weaker again this morning: Brent at $65.91 (-0.7%) and WTI at $61.92 (-0.7%). Inventories rose 3.9M barrels, signaling slowing demand. OPEC+ supply increases are also weighing. Still, crude holds weekly gains after early-week geopolitical strength.
📈 Other key movers
- $QQQ closed at 548.08 (+0.58%), just shy of the 584.88 all-time high.
- Bitcoin pushing toward $115,400.
- Gold rebounding toward $3,690/oz, Silver near $42.70/oz.
📅 Today’s Economic Calendar
- 10:00 AM ET – Michigan Consumer Sentiment / Inflation Expectations
- 12:00 PM ET – WASDE Report
- 1:00 PM ET – Baker Hughes Rig Count
✅ OP Take
Markets are euphorically bullish on Fed cuts, but after this run, a short-term pullback next week is possible. Stay sharp, stay disciplined.
🎥 Secret Sauce Live Stream today — we’ll stack another plan together after yesterday’s ADBE thesis win. OP Lifers know the education pays forever. If you’re not in yet, email Steve@optionsplayers.com for the hookup.
Keep stacking and enjoying. 💪📈
— OP Team
If you want to get the plays of the day then signup for Gold, and get a FREE TRIALIf you want to get the plays of the day then signup for Gold, and get a FREE TRIAL
Responses