{"id":24672,"date":"2025-03-13T05:57:40","date_gmt":"2025-03-13T10:57:40","guid":{"rendered":"https:\/\/www.eoption.com\/morning-preview-march-13-2025\/"},"modified":"2025-03-13T05:57:40","modified_gmt":"2025-03-13T10:57:40","slug":"morning-preview-march-13-2025","status":"publish","type":"post","link":"https:\/\/www.eoption.com\/morning-preview-march-13-2025\/","title":{"rendered":"Morning Preview: March 13, 2025"},"content":{"rendered":"\n
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Early Look<\/span><\/b><\/p>\n

Thursday, March 13, 2025<\/span><\/b><\/p>\n\n\n\n\n\n\n
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Futures<\/span><\/p>\n<\/td>\n

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Up\/Down<\/span><\/p>\n<\/td>\n

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%<\/span><\/p>\n<\/td>\n

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Last<\/span><\/p>\n<\/td>\n<\/tr>\n

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Dow<\/span><\/b><\/p>\n<\/td>\n

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42.00<\/span><\/p>\n<\/td>\n

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0.10%<\/span><\/p>\n<\/td>\n

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41,437<\/span><\/p>\n<\/td>\n<\/tr>\n

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S&P 500<\/span><\/b><\/p>\n<\/td>\n

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4.25<\/span><\/p>\n<\/td>\n

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0.07%<\/span><\/p>\n<\/td>\n

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5,608<\/span><\/p>\n<\/td>\n<\/tr>\n

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Nasdaq<\/span><\/b><\/p>\n<\/td>\n

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-4.50<\/span><\/p>\n<\/td>\n

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0.02%<\/span><\/p>\n<\/td>\n

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19,614<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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U.S. stock futures are looking flat, bouncing off overnight losses as concerns over whether lawmakers in Washington will avert a government shutdown over the weekend added to uncertainty around the outlook for the economy. Senate Minority Leader Chuck Schumer said late yesterday that Democrats would not provide the necessary votes to pass a short-term funding package, which would shut the government down Friday night. A funding bill in the U.S. Senate that will keep the government running through September 30 is now in focus, with one day to go before a partial shutdown. The Republican-controlled House passed the bill earlier in the week. Gold futures extend recent gains, bouncing off 3-week lows to move back to within its all-time highs, while the dollar and Treasury yields edge higher. Recession fears, uncertainty over tariffs and government shutdown, geopolitical concerns all keeping investors on edge. <\/span><\/p>\n

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Yesterday, the Nasdaq and S<\/span>&P 500 put a stop to the recent bleeding with the help of “cooler” than expected consumer prices (CPI<\/span>) inflation reading for February that allayed some inflation worries and helped rule out any possibility the Federal Reserve may need to resume rate hikes at some point. Another inflation reading is on deck again today with the producer price index (PPI<\/span>), which is expected to show a dip from the prior month figures. Only a handful of earnings last night but ADBE<\/span>, AEO<\/span>, PATH<\/span> and Sentinel (S<\/span>) in the retail and software sectors decline on disappointing figures. In Asian markets, The Nikkei Index slipped -29 points to 36,790, the Shanghai Index fell -13 points to 3,358, and the Hang Seng Index dropped -137 points to 23,462. In Europe, the German DAX<\/span> is up 53 points to 22,730, while the FTSE 100 is up 32 points to 8,573.<\/span><\/p>\n

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Market Closing Prices Yesterday<\/p>\n

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  • The S&P 500 Index<\/span><\/b> <\/span>advanced 27.23 points<\/span>, or 0.49%, to 5,599.30.<\/span><\/li>\n<\/ul>\n<\/div>\n
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    • The Dow Jones Industrial Average<\/span><\/b> <\/span>fell -82.55 points<\/span>, or 0.20%, to 41,350.93.<\/span><\/li>\n
    • The Nasdaq Composite <\/span><\/b>gained 212.36 points<\/span>, or 1.22%, to 17,648.45.<\/span><\/li>\n
    • The Russell 2000 Index<\/span><\/b> <\/span>climbed 2.88 points<\/span>, or 0.14% to 2,026.47.<\/span><\/li>\n<\/ul>\n
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      Economic Calendar for Today<\/p>\n

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      • 8:30 AM<\/span> ET<\/span>                  Weekly Jobless Claims…est. 225K<\/li>\n<\/ul>\n<\/div>\n
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        • 8:30 AM<\/span> ET<\/span>                  Continuing Claims…est. 1.9M (prior 1.897M)<\/li>\n
        • 8:30 AM<\/span> ET<\/span>                  Producer Price Index (PPI) Headline M\/M for February…est. +0.3% (prior +0.4%)<\/li>\n
        • 8:30 AM<\/span> ET<\/span>                  Producer Price Index (PPI) Headline Y\/Y for February…est. +3.3% (prior +3.5%)<\/li>\n
        • 8:30 AM<\/span> ET<\/span> PPI<\/span> Core – Ex: Food & Energy M\/M for February…est. +0.3% (prior +0.3%)<\/li>\n
        • 8:30 AM<\/span> ET<\/span> PPI<\/span> Core – Ex: Food & Energy Y\/Y for February…est. +3.5% (prior +3.6%)<\/li>\n
        • 10:30 AM<\/span> ET<\/span>                Weekly EIA Natural Gas Inventory Data<\/li>\n
        • 1:00 PM<\/span> ET<\/span> US<\/span> Treasury to sell $25B in 30-year notes<\/li>\n<\/ul>\n
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          Earnings Calendar: <\/p>\n

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          • Earnings Before the Open: ACTG<\/span> APYX<\/span> BBW<\/span> BLDE<\/span> BLDP<\/span> CLRB<\/span> DG<\/span> DLTH<\/span> FUTU<\/span> MCRB<\/span> SOHO<\/span> VFF<\/span> WB<\/span> <\/li>\n<\/ul>\n<\/div>\n
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            • Earnings After the Close: ALLO<\/span> ATYR<\/span> BEAT<\/span> BLNK<\/span> BZFD<\/span> DOCU<\/span> EVCM<\/span> GRWG<\/span> JYNT<\/span> KRG<\/span> LCUT<\/span> PD<\/span> PANL<\/span> PLBY<\/span> RBRK<\/span> SMTC<\/span> SOL<\/span> TTAN<\/span> ULTA<\/span> VERI<\/span> VUZI<\/span> WPM<\/span> XPOF<\/span> ZUMZ<\/span><\/li>\n<\/ul>\n
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              Other Key Events: <\/p>\n

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              • Barclays 27th Annual Healthcare Conference, 3\/11-3\/13, in Miami, FL<\/li>\n<\/ul>\n<\/div>\n

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                 <\/span><\/p>\n\n\n\n\n\n\n\n\n\n
                \n

                Macro<\/span><\/p>\n<\/td>\n

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                Up\/Down<\/span><\/p>\n<\/td>\n

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                Last<\/span><\/p>\n<\/td>\n<\/tr>\n

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                Nymex<\/span><\/b><\/p>\n<\/td>\n

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                -0.32<\/span><\/p>\n<\/td>\n

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                67.36<\/span><\/p>\n<\/td>\n<\/tr>\n

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                Brent<\/span><\/b><\/p>\n<\/td>\n

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                -0.32<\/span><\/p>\n<\/td>\n

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                70.63<\/span><\/p>\n<\/td>\n<\/tr>\n

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                Gold<\/span><\/b><\/p>\n<\/td>\n

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                5.30<\/span><\/p>\n<\/td>\n

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                2,952.10<\/span><\/p>\n<\/td>\n<\/tr>\n

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                EUR\/USD<\/span><\/b><\/p>\n<\/td>\n

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                -0.0017<\/span><\/p>\n<\/td>\n

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                1.0869<\/span><\/p>\n<\/td>\n<\/tr>\n

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                JPY\/USD<\/span><\/b><\/p>\n<\/td>\n

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                -0.06<\/span><\/p>\n<\/td>\n

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                148.19<\/span><\/p>\n<\/td>\n<\/tr>\n

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                10-Year Note<\/span><\/b><\/p>\n<\/td>\n

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                +0.016<\/span><\/p>\n<\/td>\n

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                4.332%<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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                World News<\/p>\n

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                • AAII update: Bullish sentiment, or expectations that stock prices will rise over the next six months, fell to 19.1% and is below its historical average of 37.5%. Bearish sentiment, or expectations that stock prices will decline over the next six months, increased to 59.2%, but remains above its historical average of 31%. <\/li>\n<\/ul>\n<\/div>\n
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                  Sector News Breakdown<\/p>\n

                  Consumer<\/p>\n

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                  • American Eagle Outfitters (AEO<\/span>)<\/b> board authorizes additional 50M shares for repurchase; Q4 revs fell to $1.6B from $1.68B but was in-line with est. $1.6B; said entering 2025, the first quarter is off to a slower start than expected, reflecting less robust demand and colder weather; sees FY25 revenue to decline in the low-single digit percentage range, while analysts were expecting a 2.97% rise.<\/li>\n<\/ul>\n<\/div>\n
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                    • Calavo Growers (CVGW<\/span>)<\/b> Q1 adj EPS $0.33 vs. est. $0.29; Q1 revs rose 21% y\/y to $154.39M vs. est. $161.55M; co said although import tariffs from Mexico introduce additional costs, we do not expect to have a meaningful impact on our operations.<\/li>\n
                    • Tesla (TSLA<\/span>)<\/b> is working with Chinese tech giant Baidu (BIDU<\/span>)<\/b> to improve the performance of its advanced driving assistance (ADAS) system in China, two people with knowledge of the matter, Reuters reported.<\/li>\n<\/ul>\n
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                      Energy, Industrials and Materials<\/p>\n

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                      • Berry Corporation (BRY<\/span>)<\/b> Q4 adj EPS $0.21 vs. est. $0.15; Q4 revs $187.79M vs. est. $173M; for Q4, Produced 26.1 MBoe\/d (93% oil), a 5% increase over third quarter and 1% increase y\/y; says full year estimated production of 24.8 – 26.0 MBoe\/d, with oil production expected to comprise 93% of total; capex $110M-$120M.<\/li>\n<\/ul>\n<\/div>\n
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                        • Cummins Engine (CMI<\/span>), Paccar (PCAR<\/span>)<\/b> shares are lower this morning after the EPA said it is starting efforts to reverse the Biden administration’s vehicle emissions rules that would force automakers to build a rising number of electric vehicles. Jefferies noted that if 2027 regulations are rescinded, the prebuy will not happen leaving the industry to revert to underlying transport economics. Without a prebuy, sees downside risk to estimates.<\/li>\n
                        • Freight Car America (RAIL<\/span>)<\/b> Q4 revs $137.7M vs. est. $152.02M; Sees 4,500 to 4,900 railcar deliveries in FY25 and sees Fy revs $530M-$595M; Q4 Gross margin of 15.3% with gross profit of $21.0M, compared to gross margin of 9.6% with gross profit of $12.1M y\/y.<\/li>\n
                        • Murphy Oil Corporation (MUR<\/span>)<\/b> announces strategic acquisition of floating production storage and offloading vessels in Gulf of America; reduces annual operating costs by approximately $60 million, reaffirms 2025 capital expenditure guidance.<\/li>\n
                        • Sunnova Energy (NOVA<\/span>)<\/b> is preparing restructuring talks with creditors that could include filing for bankruptcy, Wall Street Journal reports late Wednesday, citing sources; the company holds roughly $8.5 billion in debt.<\/li>\n<\/ul>\n
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                          Healthcare<\/p>\n

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                          • Phreesia (PHR<\/span>)<\/b> Q4 EPS loss (-$0.11) vs. est. $0.11; Q4 revs $109.7M vs. est. $108.9M; maintaining FY26 revenue outlook of $472M-$482M which assumes no additional revenue from potential future acquisitions completed between now and January 31, 2026; maintaining FY26 adjusted EBITDA outlook.<\/li>\n<\/ul>\n<\/div>\n
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                            • Dentsply Sirona (XRAY<\/span>)<\/b> downgraded to Hold from Buy at Needham.<\/li>\n<\/ul>\n
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                              Technology, Media & Telecom<\/p>\n

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                              • Adobe Inc. (ADBE<\/span>)<\/b> Q1 adj EPS $5.08 vs est. $4.97; Q1 revs $5.71B vs. est. $5.66B; Q1 adj net income $2.22B vs. est. $2.19B; Q1 adj operating income $2.72B vs. est. $2.66B; reaffirms FY 2025 targets and Q2 outlook; Guides Q2 revenue $5.77B to $5.82B (est. $5.8B), digital media revenue $4.27B-$4.30B (est. $4.28B) and digital experience revenue $1.43B to $1.45B (est. $1.45B).<\/li>\n<\/ul>\n<\/div>\n
                                  \n
                                • Intel Corp. (INTC<\/span>)<\/b> appointed Lip-Bu Tan as Chief Executive Officer, effective March 18. He succeeds Interim Co-CEOs David Zinsner and Michelle (MJ) Johnston Holthaus.<\/li>\n
                                • SentinelOne (S<\/span>)<\/b> shares fell overnight; Q4 EPS loss (-$0.22) vs. est. loss (-$0.21); Q4 revs rose 29% y\/y to $225.5M vs. est. $222.33M; Q4 Annualized recurring revenue (ARR) increased 27% to $920.1M as of January 31, 2025; Q4 Customers with ARR of $100,000 or more grew 25% to 1,411; sees FY26 revenue $1.007B-$1.012B vs. est. $1.03B and sees FY26 adjusted gross margin 78.5%-79.5%.<\/li>\n
                                • UiPath Inc. (PATH<\/span>)<\/b> Q4 adj EPS $0.26 vs. est. $0.20; Q4 revs rose 4.5% y\/y to $423.6M vs. est. $424.9M; Q4 adj gross margin 87%; Q4 subscription revs +22% y\/y to $215.2M; sees Q1 revs $330M-$335M below consensus of $367.4M and guides Q1 annualized recurring revenue $1.69B-$1.69B vs. est. $1.71B.<\/li>\n
                                • Marvell Technology (MRVL<\/span>)<\/b> files mixed securities shelf.<\/li>\n
                                • Microsoft (MSFT<\/span>)<\/b> upgraded to Buy from Neutral at DA Davidson.<\/li>\n<\/ul>\n<\/div>\n

                                  <\/p>\n