The start of today's session on Wall Street is marked by moderate optimism, with investors focusing on numerous macroeconomic data releases and corporate earnings. The preliminary reading of US GDP for the second quarter signals a continuation of solid growth, PCE data shows a gradual easing of inflationary pressure, and the ADP report points to a faster pace of job growth in the private sector. Markets remain in a wait-and-see mode ahead of the Fed's interest rate decision this evening and the release of Meta Platforms and Microsoft earnings, which is keeping investors cautious.
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The Nasdaq-100 index, represented by the US100 contract, is trading nearly 0.20% higher today compared to yesterday's close. The index continues to maintain a dynamic upward trend, as illustrated by the exponential moving averages (50-, 100- and 200-day EMAs, respectively). What is more, Bollinger Bands show that US100 is currently within the statistical range of this instrument's movements for the last 14 sessions. The most important support point for the instrument remains the lower limit of the Bollinger Bands (2 negative standard deviations) and the 50-day EMA (blue curve).Source: xStation 5
Company news:
Meta Platforms (META.US) shares are mixed today ahead of the quarterly report. Investors are positive about the revenue growth and Meta's role as a leader among the Magnificent Seven. The company is developing AI-based products, and its social media platforms continue to generate high advertising revenue despite strong competition. The financial results are expected to confirm strong growth and sector leadership, as indicated by the stock's price advantage just ahead of the results. You can read more here.
Electronic Arts (EA.US) shares are up 0.5% after the release of its first-quarter fiscal results, as the company's net orders reached $1.298 billion and exceeded the upper end of forecasts. The growth is driven by the popularity of the FC franchise and positive trends around Apex Legends.
SECOND QUARTER FORECAST
- Net orders will be approximately $1.8-1.9 billion, previously estimated at $2.04 billion.
- Earnings per share are expected to be approximately 29-46 cents.
2026 FORECAST
- Net orders will amount to approximately $7.6–8 billion, with estimates at $7.8 billion.
- Earnings per share will amount to approximately $3.09–3.79.
FIRST QUARTER RESULTS
- Net orders amounted to $1.30 billion, an increase of 2.9% y/y, with estimates at $1.24 billion.
- Total net revenue was $1.67 billion, +0.7% y/y, estimates were $1.56 billion
- Revenue from live services and others was $1.38 billion, -2% y/y, estimates were $1.1 billion
Humana (HUM.US) shares are up as much as 5% after raising its full-year earnings and revenue forecast and reporting better-than-expected second-quarter results. The updated forecasts reflect better cost control and an effective restructuring strategy.
MARA Holdings (MARA.US) shares are up 3.5% after record second-quarter results, with the company reporting an EBITDA jump of over 1,000% and revenue growth of 64% y/y. The company is building a leading position in the cryptocurrency mining market, and Bitcoin's historic performance is improving investor sentiment.
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