📰 OptionsPlayers Market Round-Up: Tech Surge, Economic Data, and Winning Plays! 📰
Market Snapshot: Eyes on the Fed, Economic Data, and New Highs 📈
U.S. Stock Futures climbed early Wednesday, setting the stage for potential new records in the S&P 500 and Nasdaq. Investors await Fed Chair Jerome Powell’s remarks later today for insights into the central bank’s next move.
🔍 Key Economic Data Today:
- MBA Mortgage Applications (week ending Nov. 29)
- ADP Private Payrolls (November) — a crucial signal ahead of Friday’s jobs report
- S&P Global US Services PMI & Composite PMI (November final)
- ISM Services Index & Prices Paid (November)
- Factory Orders & Durable Goods Orders (October final)
Fed Watch: Will Powell Confirm a December Rate Cut?
Markets are buzzing with anticipation for Jerome Powell’s appearance in New York. Traders have priced in 74% odds of a 25 bps rate cut on Dec. 18, up from 66% last week. Wall Street hopes to gauge whether this optimism is justified.
Key Focus:
- Fed Signals: Will inflation concerns delay easing?
- ADP Jobs Report: Will it show a softening labor market, supporting a rate cut?
Top Stocks in Focus:
- Salesforce (CRM): 🚀 Up 13% after beating Q3 revenue estimates and raising its forecast.
- Marvell (MRVL): 📈 Gained 12% on strong AI chip demand and optimistic Q4 outlook.
- Okta (OKTA): 🔥 Up 14% after reporting a Q3 profit; new products drove 15% of bookings.
- Dollar Tree (DLTR): 📊 Rose 5.1% on strong Q3 earnings, fueled by solid same-store sales.
- Foot Locker (FL): 📉 Plunged 16% after lowering annual forecasts due to weak consumer spending.
- JetBlue (JBLU): ✈️ Up 4.6%, raising Q4 guidance on strong November performance.
- Eli Lilly (LLY): 💊 Gained 1.1% after a study showed its Zepbound drug outperformed Novo Nordisk’s Wegovy.
- General Motors (GM): 🚗 Fell 1.1% on announcing $5 billion in non-cash charges from its China JV.
PSTG Play Shines: Huge Win for the OP Fam! 💥
Congrats to everyone who played our Pure Storage (PSTG) mention and thesis from last month! We entered near recent lows, and now it’s at all-time highs after yesterday’s stellar report.
This win proves once again:
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Stay tuned for today’s live upgrades, downgrades, and breaking plays in the chat. Let’s keep stacking those gains! 🚀
#OptionsPlayers #MarketRecap #TechRally #FedWatch #WinningPlays #StackYourGains
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