The Simple Side's Morning Market Espresso
Wednesday, June 25: A shot of actionable financial news that doesn't break the bank.
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Index Futures Snapshot
Dow Futures: 43,426.00
Fair Value: 43,402.40
Change: +2.00 (+0.00%)
Implied Open: +23.60
S&P 500 Futures: 6,156.25
Fair Value: 6,144.08
Change: +10.00 (+0.16%)
Implied Open: +12.17
NASDAQ Futures: 22,503.75
Fair Value: 22,411.11
Change: +91.00 (+0.41%)
Implied Open: +92.64
Top News & Movers
● SoftBank is spearheading a $1 trillion AI hub in Arizona in partnership with Taiwan Semiconductor Manufacturing, modeled after Shenzhen. Funding includes a $40 billion investment in OpenAI via T-Mobile US share sales.
● Tesla shares rose 1.3% premarket after unveiling a $556.8 million Megapack battery project in Shanghai—its first grid-scale energy storage deal in China.
● Meta continues its AI hiring spree, adding Daniel Gross and Nat Friedman post its $14.3 billion Scale AI acquisition. Reports suggest Meta is aggressively pursuing OpenAI talent with hefty incentives.
● Amazon announced a $233 million investment in its Indian fulfillment operations, aiming to increase processing speed and coverage.
● NTT sealed a $16.3 billion acquisition of NTT Data Group to strengthen its AI infrastructure and simplify its org structure.
● Couchbase surged 28% premarket on a $1.5 billion all-cash buyout by Haveli Investments, a 67% premium from March.
● Regeneron and Sanofi received FDA approval to expand Dupixent’s label to cover bullous pemphigoid—its 8th U.S. indication.
● Johnson & Johnson and AbbVie secured EU approval to expand Imbruvica use for mantle cell lymphoma.
● Accenture beat Q3 expectations with $3.49 EPS on $17.7 billion in revenue. New bookings surged on AI consulting demand.
● CarMax posted 9% used car unit growth and a 42.3% EPS increase, with $7.55 billion in revenue topping forecasts.
● Darden Restaurants beat Q4 estimates and raised its dividend 7.1%, also announcing it will divest Bahama Breeze.
● Cheetah Mobile reported 36.1% revenue growth YOY. It remains focused on AI/robotics and agentic AI as a long-term catalyst.
● DHT Holdings acquired a modern VLCC for $107 million to enhance fleet efficiency.
● Sarepta Therapeutics was downgraded by William Blair due to risk concerns in its Elevidys program.
● Emeren is being acquired by Shurya Vitra Ltd. for $2.00/ADS. The firm owns large solar/storage assets globally.
● Belo Sun Mining is transitioning leadership after CEO Ayesha Hira's exit.
● Artemis Gold has appointed Dale Andres (ex-Gatos Silver CEO) to lead its growth strategy.
Fundamental & Technical Watchlist
Price: $300.72 | RSI(14): 42.78 | MACD: Weak bear trend
ACN is trading below all key moving averages (20/50/200-day EMA/SMA), showing a prolonged consolidation phase. RSI levels suggest it's neither oversold nor overbought, but momentum is weak. Watch for a break above $308 for short-term confirmation. Near-term support at $292 and resistance at $310.
Price: $220.83 | RSI(14): 58.79 | MACD: Bullish crossover active
DRI is comfortably above all major averages with rising RSI. It is gaining strength post-earnings and breaking out of a 2-week base. Intraday support is at $218, with targets at $226 and stretch to $230. A MACD crossover last week points to trend continuation.
Price: $69.21 | RSI(14): 58.37 | MACD: Turning positive
KMX rebounded on strong earnings, jumping over its 20-day EMA and testing the 50-day. If it holds above $68.50, a push to $71.75 and potentially $74 is likely. RSI suggests moderate bullish momentum; confirmation would come on strong volume above $70.25.
God bless.
-¢