## MARKET MOOD: RISK-ON
Overnight, global markets showed optimism, buoyed by strong earnings reports and easing inflation concerns. The S&P 500 and Nasdaq futures point to a higher open today as traders digest recent economic data and earnings results.
## TOP 5 HEADLINES
1. **Palantir** Surges on Record Revenue and Strong Growth Forecast → Impact: The stock jumped 10% following an earnings beat that exceeded expectations.
2. **Rambus** Stock Crumbles on Soft Q1 Guidance → Impact: Shares dropped significantly after the company issued disappointing forecasts.
3. **Disney** Appoints Josh D'Amaro as New CEO → Impact: This leadership change is expected to stabilize investor sentiment amid ongoing challenges.
4. **Teradyne** Soars After Reporting Strong Earnings → Impact: A bullish outlook and record revenue led to a 23% spike in share price.
5. **Pfizer** Beats Quarterly Estimates but Offers Modest Guidance → Impact: Despite solid earnings, shares fell due to a cautious outlook for future growth.
## PRE-MARKET MOVERS
### Longs (Bullish Catalysts)
**$PLTR** - Strong earnings and positive growth forecast.
**$TER** - Surged after reporting record revenue and optimistic guidance.
**$DIS** - New CEO announcement boosts investor sentiment.
**$AAPL** - Positive long-term outlook following strong performance in recent years.
### Shorts (Bearish Catalysts)
**$RMBS** - Stock crumbles on disappointing Q1 guidance.
**$PFE** - Shares decline after reaffirming a modest outlook despite beating estimates.
**$MCD** - Recent earnings miss impacts investor confidence.
**$HUBB** - Soft guidance leads to a bearish outlook among analysts.
## INDEX BIAS
**SPY:** BULLISH - Strong pre-market sentiment suggests upward momentum.
**QQQ:** BULLISH - Tech stocks are gaining, led by robust earnings from key players.
**IWM:** NEUTRAL - Small caps show mixed results amid broader market gains.
## SECTORS
**Favor:** Tech - Driven by strong earnings in AI and cloud computing sectors.
**Avoid:** Consumer Discretionary - Facing headwinds from mixed earnings reports, particularly in retail.
## CATALYST WATCH
Events today that could move markets:
- 10:00 AM EST: ISM Services PMI Report
- 2:00 PM EST: FOMC Minutes Release
## BOTTOM LINE
**Today's Play:** Aggressive
The dominant theme today centers around tech earnings and leadership changes, providing significant opportunities for upside. However, watch for volatility as mixed signals from consumer sectors present risks, particularly with bearish sentiment in some stocks.
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