Jun 25 25

 📈 Morning Market Recap Summary (8:27 – 8:33 a.m.)

🪙 Commodities & ETFs

• Gold: Flat around $2,333/oz; GLD gapped down Tuesday, testing its 50-day moving average.

• IBIT (Bitcoin ETF): Up 2% pre-market after testing 50-day on Monday, following Bitcoin higher.

🏠 Economic Data

• May new home sales data due at 10 a.m. ET.

💼 Earnings Movers

• AeroVironment (AVAV): Earnings +247% YoY, revenue +40%. Despite soft full-year guidance, stock gapping up—possibly due to drone contracts (Israel, Ukraine).

• Worthington Enterprises (WOR): Up nearly 20% pre-market after earnings/revenue beat.

• Paychex (PAYX): Down ~3% after slightly missing revenue; near 200-day MA.

• FedEx (FDX): Down 5% despite EPS/revenue beat; weak guidance overshadows $4B in cost cuts.

• Rubrik (RBRK): Up 1% after announcing plans to acquire AI model deployment firm (possible $500M deal).

• Yum! Brands (YUM): Up 1.5% on JPMorgan upgrade (cites strong free cash flow).

• Coinbase (COIN): Up 5% after Bernstein raises PT from $310 → $510.

• Robinhood & Futu (HOOD, FUTU): Both trading up sharply; FUTU up 6%, possibly breaking out with no obvious news.

💻 Upcoming

• Micron (MU) reports earnings after the close. Stock and SMH (semis ETF) broke out Tuesday.

📊 Market Sentiment

• NASDAQ crosses 20,000.

• Rally leaders: Netflix, Nvidia, Microsoft, Meta, Palantir, Spotify.

• Trader focus shifting to newer ideas like OLLI (Ollie’s), PLNT (Planet Fitness).

• Notable short: Lilly (LLY).