$257.080
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Amazon and Others Notable Gainers in Options Trading This Morning
Notable gainers among liquid option names this morning include Amazon (AMZN) $267.80 +32.30, DexCom (DXCM) $83.28 +8.73, Monolithic Power (MPWR) $1468.30 +152.12, Coherent (COHR) $267.18 +18.12, and Vertiv Holdings (VRT) $239.32 +11.82.
Stock Futures Muted Ahead of Fed Rate Decision
Stock futures are muted Wednesday as investors await the Federal Reserve's interest rate decision and a round of technology earnings that could potentially shape market direction through the remainder of the summer.The Federal Reserve concludes its two-day policy meeting this afternoon, with markets expecting policymakers to leave the benchmark federal funds rate unchanged. The primary focus will be Fed Chair Kevin Warsh's post-meeting press conference for clues on how the central bank views inflation, economic growth and the path of interest rates.Corporate earnings remain the market's other major catalyst. Microsoft and Meta Platforms are scheduled to report after the closing bell, with investors looking for evidence that continued multibillion-dollar investments in artificial intelligence are translating into stronger cloud growth, advertising revenue and profitability.Semiconductor stocks remain under pressure following disappointing market reactions to earnings from South Korean memory chipmaker SK Hynix despite strong headline results. Investors continue to question whether AI infrastructure spending can support current valuations as competition from Chinese chipmakers increases.Investors will monitor developments in the Middle East after renewed regional tensions pushed oil prices higher, reviving concerns that energy-driven inflation could complicate the Federal Reserve's policy outlook. With monetary policy, Big Tech earnings and geopolitical developments all converging, markets are preparing for elevated volatility through the end of the week.In pre-market trading, S&P 500 futures slid 0.01%, Nasdaq futures fell 0.06% and Dow futures declined 0.64%.Check out this morning's top movers from around Wall Street, compiled by The Fly.UP AFTER EARNINGS -Manhattan Associatesup 13%Rocky Brandsup 12%Generacup 9%Amphenolup 6%Tevaup 6%Seagateup 5%Fordup 5%Deutsche Bankup 2%Biogenup 1%General Dynamicsup 1%DOWN AFTER EARNINGS -Lemonadedown 14%Vertivdown 10%VF Corp.down 9%Skyworksdown 8%Humanadown 4%Procter & Gambledown 3%NXP Semiconductorsdown 2%WMdown 2%SK Hynixdown 1%Visadown 1%OneMaindown 1%
Vertiv Raises FY26 Revenue Outlook to $13.8B-$14.2B
Consensus $6.48. Raises FY26 revenue view to $13.8B-$14.2B from $13.5B-$14B, consensus $13.88B. Raises Fy26 adjusted free cash flow view to $2.4B-$2.6B from $2.1B-$2.3B. The company said, "The data center market continues to demonstrate strong momentum, with demand fundamentals reinforcing the durability of the growth environment. Vertiv is further accelerating capacity expansion and strategic investments to meet this demand and capture market share."
Vertiv Reports Q2 Revenue of $3.27B, Below Expectations
Reports Q2 revenue $3.27B, consensus $3.38B. "This quarter reflects the compounding effect of years of deliberate investment in technology, capacity, and customer partnerships," said Giordano Albertazzi, Vertiv's Chief Executive Officer. "Demand for AI and general compute continues to intensify and with each technology advancement, deployments grow more complex and more infrastructure-intensive. Our understanding of how power and thermal infrastructure responds at scale allows us to move at the speed our customers require. Growth at this pace demands both vision and operational precision - and Vertiv delivers on each, with the innovation to lead and the execution to scale efficiently. Our pipelines continue to strengthen as the market expands globally, giving us confidence to raise guidance and conviction in sustained, strong performance - this year and beyond."
Vertiv Sees Q3 Revenue of $3.65B-$3.85B
Sees Q3 revenue $3.65B-$3.85B, consensus $3.71B. Sees Q3 adjusted operating profit $898M-$938M. Sees Q3 adjusted operating margin 24%-25%. "Vertiv continues to demonstrate what happens when a company is positioned at the center of a structural, long-duration shift in technology infrastructure and executes with rigor," said Dave Cote, Vertiv's Executive Chairman. "We are moving at the speed of technology and transforming how customers build and scale critical infrastructure. We see a demand environment that continues to grow, and we continue to invest ahead of it - planting seeds now that we expect to compound for years to come."
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