{"id":74033,"date":"2024-03-15T09:05:22","date_gmt":"2024-03-15T13:05:22","guid":{"rendered":"https:\/\/blog.t3live.com\/?p=74033"},"modified":"2024-03-15T09:05:22","modified_gmt":"2024-03-15T13:05:22","slug":"coffee-with-greta-volatile-day-ahead","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2024\/03\/15\/coffee-with-greta-volatile-day-ahead\/","title":{"rendered":"Coffee With Greta: Volatile Day Ahead?"},"content":{"rendered":"

DJIA Futures: <\/b>+56 (+0.1%)<\/span><\/p>\n

SPX Futures: <\/b>+3 (+0.1%)<\/span><\/p>\n

NASDAQ Futures: <\/b>-15 (-0.1%)<\/span><\/p>\n

Good morning friends!<\/span><\/p>\n

Futures are mixed as the market looks to end this down week on a high note.<\/span><\/p>\n

Let\u2019s get right to it!<\/span><\/p>\n

Triple Witching<\/span><\/h2>\n

Today\u2019s session could be more volatile than usual as the market experiences its first triple witching of the year.\u00a0<\/span><\/p>\n

A triple witching is the quarterly expiration of stock options, stock index futures, and stock index options contracts all on the same day.\u00a0<\/span><\/p>\n

It happens on the third Friday of the last month of each quarter.\u00a0<\/span><\/p>\n

A total of more than $5 trillion options are set to expire during today\u2019s session.\u00a0<\/span><\/p>\n

$3.2 trillion index options expire at the open while $1.9 trillion in stock and ETFs options expire at the close.\u00a0<\/span><\/p>\n

If the <\/span>S&P 500 <\/b>ends today\u2019s session in the red, the index will log its second straight weekly loss for the first time since late October.<\/span><\/p>\n

Bitcoin Pulls Back<\/span><\/h2>\n

Crypto-related stocks are falling ahead of the open as bitcoin retreats from record territory.\u00a0<\/span><\/p>\n

The coin dropped from above $72,000 Thursday night to around $67,000 this morning, a roughly 7% decline.\u00a0<\/span><\/p>\n

Currently bitcoin is trading around $67,800.\u00a0<\/span><\/p>\n

Coinbase <\/b>(COIN) shares are down 4.6%, <\/span>MicroStrategy <\/b>(MSTR) shares are 3.5% lower, and <\/span>Marathon Digital <\/b>(MARA) shares are down 2.7%.<\/span><\/p>\n

Adobe Drops On Weak Guidance<\/span><\/h2>\n

Adobe <\/b>(ADBE) shares are down 11.7% in premarket trade after beating fiscal Q1 expectations but issuing soft revenue guidance.\u00a0<\/span><\/p>\n

Here\u2019s how the design software maker\u2019s results compared to analysts\u2019 estimates:<\/span><\/p>\n

    \n
  • Adjusted EPS: $4.48 vs $4.38 expected<\/span><\/li>\n
  • Revenue: $5.18 billion vs $5.14 billion expected<\/span><\/li>\n<\/ul>\n

    Revenue rose 11% year over year.\u00a0<\/span><\/p>\n

    Adobe forecast fiscal Q2 adjusted EPS between $4.35 and $4.40 on $5.25 billion to $5.30 billion in revenue.\u00a0<\/span><\/p>\n

    The middle of that range implies 9% growth from last year.\u00a0<\/span><\/p>\n

    Analysts were anticipating $4.38 in adjusted EPS on $5.31 billion in revenue.\u00a0<\/span><\/p>\n

    Ulta Tumbles After Soft Forecast<\/span><\/h2>\n

    Ulta Beauty <\/b>(ULTA) shares are dropping 8.2% ahead of the open after beating Q4 expectations but issuing a soft forecast.\u00a0<\/span><\/p>\n

    Here\u2019s how the beauty retailer\u2019s results compared to analysts\u2019 estimates:<\/span><\/p>\n

      \n
    • EPS: $8.08 vs $7.53 expected<\/span><\/li>\n
    • Revenue: $3.55 billion vs $3.53 billion expected<\/span><\/li>\n<\/ul>\n

      Comparable sales rose just 2.5% year over year.<\/span><\/p>\n

      For the full fiscal year, Ulta forecast EPS between $26.20 and $27 vs $27.01 expected.\u00a0<\/span><\/p>\n

      The company expects net sales of $11.7 billion to $11.8 billion, in line with analysts\u2019 estimates.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

      DJIA Futures: +56 (+0.1%) SPX Futures: +3 (+0.1%) NASDAQ Futures: -15 (-0.1%) Good morning friends! Futures are mixed as the market looks to end this down week on a high note. Let\u2019s get right to it! Triple Witching Today\u2019s session could be more volatile than usual as the market experiences its first triple witching of the year.\u00a0 A triple witching is the quarterly expiration of stock options, stock index futures, and stock index options contracts all on the same day.\u00a0 It happens on the third Friday of the last month of each quarter.\u00a0 A total of more than $5 trillion options are set to expire during today\u2019s session.\u00a0 $3.2 trillion index options expire at the open while $1.9 trillion in stock and ETFs options expire at the close.\u00a0 If the S&P 500 ends today\u2019s session in the red, the index will log its second straight weekly loss for the first time since late October. Bitcoin Pulls Back Crypto-related stocks are falling ahead of the open as bitcoin retreats from record territory.\u00a0 The coin dropped from above $72,000 Thursday night to around $67,000 this morning, a roughly 7% decline.\u00a0 Currently bitcoin is trading around $67,800.\u00a0 Coinbase (COIN) shares are down 4.6%, MicroStrategy (MSTR) shares are 3.5% lower, and Marathon Digital (MARA) shares are down 2.7%. Adobe Drops On Weak Guidance Adobe (ADBE) shares are down 11.7% in premarket trade after beating fiscal Q1 expectations but issuing soft revenue guidance.\u00a0 Here\u2019s how the design software maker\u2019s results compared to analysts\u2019 estimates: Adjusted EPS: $4.48 vs $4.38 expected Revenue: $5.18 billion vs $5.14 billion expected Revenue rose 11% year over year.\u00a0 Adobe forecast fiscal Q2 adjusted EPS between $4.35 and $4.40 on $5.25 billion to $5.30 billion in revenue.\u00a0 The middle of that range implies 9% growth from last year.\u00a0 Analysts were anticipating $4.38 in adjusted EPS on $5.31 billion in revenue.\u00a0 Ulta Tumbles After Soft Forecast Ulta Beauty (ULTA) shares are dropping 8.2% ahead of the open after beating Q4 expectations but issuing a soft forecast.\u00a0 Here\u2019s how the beauty retailer\u2019s results compared to analysts\u2019 estimates: EPS: $8.08 vs $7.53 expected Revenue: $3.55 billion vs $3.53 billion expected Comparable sales rose just 2.5% year over year. For the full fiscal year, Ulta forecast EPS between $26.20 and $27 vs $27.01 expected.\u00a0 The company expects net sales of $11.7 billion to $11.8 billion, in line with analysts\u2019 estimates.\u00a0<\/p>\n","protected":false},"author":41,"featured_media":74040,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[739],"tags":[],"class_list":["post-74033","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-coffee-with-greta"],"_links":{"self":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/74033","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/comments?post=74033"}],"version-history":[{"count":2,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/74033\/revisions"}],"predecessor-version":[{"id":74043,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/74033\/revisions\/74043"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media\/74040"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=74033"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=74033"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=74033"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}