{"id":23185,"date":"2024-04-15T06:08:10","date_gmt":"2024-04-15T11:08:10","guid":{"rendered":"https:\/\/www.eoption.com\/morning-preview-april-15-2024\/"},"modified":"2024-04-15T06:08:10","modified_gmt":"2024-04-15T11:08:10","slug":"morning-preview-april-15-2024","status":"publish","type":"post","link":"https:\/\/www.eoption.com\/morning-preview-april-15-2024\/","title":{"rendered":"Morning Preview: April 15, 2024"},"content":{"rendered":"\n<div>\n<div style=\"padding:10mm 10mm 0\">\n<p class=\"normal\"><b><span style=\"font-size:20.0pt; color:#404040\">Early Look<\/span><\/b><\/p>\n<p class=\"normal\" style=\"line-height:11.0pt\"><b><span style=\"font-size:11.0pt; color:#7F7F7F\">Monday, April 15, 2024<\/span><\/b><\/p>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"0\" width=\"60%\" style=\"margin-left:5.4pt; border-collapse:collapse; border:none\">\n<tbody>\n<tr style=\"height:19.65pt\">\n<td width=\"27%\" style=\"border:none; background:#F79646; padding:0in 5.4pt 0in 5.4pt; height:19.65pt\">\n<p class=\"normal\" style=\"margin-left:22.5pt; text-indent:-13.5pt; line-height:115%\"><span style=\"font-size:14.0pt; line-height:115%; color:white\">Futures<\/span><\/p>\n<\/td>\n<td width=\"34%\" style=\"border:none; background:#F79646; padding:0in 5.4pt 0in 5.4pt; height:19.65pt\">\n<p class=\"normal\" align=\"center\" style=\"margin-left:9.0pt; text-align:center; line-height:115%\"><span style=\"font-size:14.0pt; line-height:115%; color:white\">Up\/Down<\/span><\/p>\n<\/td>\n<td width=\"20%\" style=\"border:none; background:#F79646; padding:0in 5.4pt 0in 5.4pt; height:19.65pt\">\n<p class=\"normal\" align=\"center\" style=\"margin-left:9.0pt; text-align:center; line-height:115%\"><span style=\"font-size:14.0pt; line-height:115%; color:white\">%<\/span><\/p>\n<\/td>\n<td width=\"18%\" style=\"border:none; background:#F79646; padding:0in 5.4pt 0in 5.4pt; height:19.65pt\">\n<p class=\"normal\" align=\"center\" style=\"margin-left:9.0pt; text-align:center; line-height:115%\"><span style=\"font-size:14.0pt; line-height:115%; color:white\">Last<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height:19.65pt\">\n<td width=\"27%\" style=\"border:none; padding:0in 5.4pt 0in 5.4pt; height:19.65pt\">\n<p class=\"normal\" style=\"margin-left:22.5pt; text-indent:-13.5pt; line-height:11.0pt\"><b><span style=\"font-size:11.0pt; color:black\">Dow<\/span><\/b><\/p>\n<\/td>\n<td width=\"34%\" style=\"border:none; padding:0in 5.4pt 0in 5.4pt; height:19.65pt\">\n<p class=\"normal\" align=\"center\" style=\"margin-left:9.0pt; text-align:center; line-height:11.0pt\"><span style=\"font-size:11.0pt; color:#00B050\">101.00<\/span><\/p>\n<\/td>\n<td width=\"20%\" style=\"border:none; padding:0in 5.4pt 0in 5.4pt; height:19.65pt\">\n<p class=\"normal\" align=\"center\" style=\"margin-left:9.0pt; text-align:center; line-height:11.0pt\"><span style=\"font-size:11.0pt; color:#00B050\">0.26%<\/span><\/p>\n<\/td>\n<td width=\"18%\" style=\"border:none; padding:0in 5.4pt 0in 5.4pt; height:19.65pt\">\n<p class=\"normal\" align=\"center\" style=\"margin-left:9.0pt; text-align:center; line-height:11.0pt\"><span style=\"font-size:11.0pt; color:#00B050\">38,339<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height:19.65pt\">\n<td width=\"27%\" style=\"border:none; background:#D9D9D9; padding:0in 5.4pt 0in 5.4pt; height:19.65pt\">\n<p class=\"normal\" style=\"margin-left:22.5pt; text-indent:-13.5pt; line-height:11.0pt\"><b><span style=\"font-size:11.0pt; color:black\">S&amp;P 500<\/span><\/b><\/p>\n<\/td>\n<td width=\"34%\" style=\"border:none; background:#D9D9D9; padding:0in 5.4pt 0in 5.4pt; height:19.65pt\">\n<p class=\"normal\" align=\"center\" style=\"margin-left:9.0pt; text-align:center; line-height:11.0pt\"><span style=\"font-size:11.0pt; color:#00B050\">22.25<\/span><\/p>\n<\/td>\n<td width=\"20%\" style=\"border:none; background:#D9D9D9; padding:0in 5.4pt 0in 5.4pt; height:19.65pt\">\n<p class=\"normal\" align=\"center\" style=\"margin-left:9.0pt; text-align:center; line-height:11.0pt\"><span style=\"font-size:11.0pt; color:#00B050\">0.44%<\/span><\/p>\n<\/td>\n<td width=\"18%\" style=\"border:none; background:#D9D9D9; padding:0in 5.4pt 0in 5.4pt; height:19.65pt\">\n<p class=\"normal\" align=\"center\" style=\"margin-left:9.0pt; text-align:center; line-height:11.0pt\"><span style=\"font-size:11.0pt; color:#00B050\">5,190<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height:19.65pt\">\n<td width=\"27%\" style=\"border:none; padding:0in 5.4pt 0in 5.4pt; height:19.65pt\">\n<p class=\"normal\" style=\"margin-left:22.5pt; text-indent:-13.5pt; line-height:11.0pt\"><b><span style=\"font-size:11.0pt; color:black\">Nasdaq<\/span><\/b><\/p>\n<\/td>\n<td width=\"34%\" style=\"border:none; padding:0in 5.4pt 0in 5.4pt; height:19.65pt\">\n<p class=\"normal\" align=\"center\" style=\"margin-left:9.0pt; text-align:center; line-height:11.0pt\"><span style=\"font-size:11.0pt; color:#00B050\">101.50<\/span><\/p>\n<\/td>\n<td width=\"20%\" style=\"border:none; padding:0in 5.4pt 0in 5.4pt; height:19.65pt\">\n<p class=\"normal\" align=\"center\" style=\"margin-left:9.0pt; text-align:center; line-height:11.0pt\"><span style=\"font-size:11.0pt; color:#00B050\">0.56%<\/span><\/p>\n<\/td>\n<td width=\"18%\" style=\"border:none; padding:0in 5.4pt 0in 5.4pt; height:19.65pt\">\n<p class=\"normal\" align=\"center\" style=\"margin-left:9.0pt; text-align:center; line-height:11.0pt\"><span style=\"font-size:11.0pt; color:#00B050\">18,280<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p class=\"normal\" style=\"margin-left:9.0pt\"><span style=\"font-size:11.5pt\">&nbsp;<\/span><\/p>\n<p class=\"body-copy\">&nbsp;<\/p>\n<p class=\"body-copy\"><span style=\"color:black\">After slipping last week, U.S. futures are pushing higher while oil and bond prices dip, as investors kept Middle East concerns in check after Iran&#8217;s weekend attacks on Israel. On Saturday, Iran attacked with more than 300 missiles and drones, but all were intercepted given the advanced notice of the attack. Global markets are responding with a bounce in stocks and small pullback in haven assets (bonds\/gold) which rallied last week. Last week, the S&amp;P the S&amp;P 500 fell 1.56%, the Nasdaq declined 0.45%, and the Dow fell 2.37% as the Dow industrials recorded its biggest weekly percentage drop since March 2023 and the S&amp;P registered its biggest weekly percentage fall since October. The Nasdaq recorded its biggest one-day% drop since March 5<sup>th<\/sup> on Friday, S&amp;P records biggest one-day% drop since Jan 31. In addition to the geopolitical tensions, several Federal Reserve officials (Bostic, Collins, Daly) emphasized Friday that there is no urgency to lower interest rates, pointing to still-elevated inflation and a robust labor market. In Asian markets, The Nikkei Index fell -290 points to 39,232, the Shanghai Index rose 37 points to 3,057, and the Hang Seng Index fell -121 points to 16,600. In Europe, the German DAX is up 156 points to 18,087, while the FTSE 100 is down -34 points to 7,960. Bitcoin prices lower around $66,000 this morning while markets prepare for the beginning of earnings season. Oil prices, which have risen 10% as the tensions have built up over the last month, dropped 1%.<\/span><\/p>\n<p class=\"body-copy\">&nbsp;<\/p>\n<div class=\"page-br mt-8\">\n<p class=\"subhead\">Market Closing Prices Yesterday<\/p>\n<ul style=\"margin-bottom:0\">\n<li class=\"page-br\"><b><span style=\"color:black\">The S&amp;P 500 Index<\/span><\/b><span style=\"color:black\"> <\/span><span style=\"color:red\">dropped -75.65 points<\/span><span style=\"color:black\">, or 1.46%, to 5,123.41.<\/span><\/li>\n<\/ul>\n<\/div>\n<ul style=\"margin-top:0\">\n<li class=\"page-br\"><b><span style=\"color:black\">The Dow Jones Industrial Average<\/span><\/b><span style=\"color:black\"> <\/span><span style=\"color:red\">fell -475.84 points<\/span><span style=\"color:black\">, or 1.24%, to 37,983.24.<\/span><\/li>\n<li class=\"page-br\"><b><span style=\"color:black\">The Nasdaq Composite <\/span><\/b><span style=\"color:red\">tumbled -267.10 points<\/span><span style=\"color:black\">, or 1.62%, to 16,175.09.<\/span><\/li>\n<li class=\"page-br\"><b><span style=\"color:black\">The Russell 2000 Index<\/span><\/b><span style=\"color:black\"> <\/span><span style=\"color:red\">declined -39.43 points<\/span><span style=\"color:black\">, or 1.93% to 2,003.17.<\/span><\/li>\n<\/ul>\n<div class=\"page-br mt-8\">\n<p class=\"subhead\">Economic Calendar for Today<\/p>\n<ul style=\"margin-bottom:0\">\n<li class=\"page-br\">2:30 AM ET&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fed&#8217;s Logan Speaks on Panel in Tokyo<\/li>\n<\/ul>\n<\/div>\n<ul style=\"margin-top:0\">\n<li class=\"page-br\">8:30 AM ET&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Empire Manufacturing for April<\/li>\n<li class=\"page-br\">8:30 AM ET&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Retail Sales M\/M for March<\/li>\n<li class=\"page-br\">8:30 AM ET&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Retail Sales \u2013 Less Autos for March<\/li>\n<li class=\"page-br\">8:00 PM ET&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fed&#8217;s Daly Gives Keynote Remarks<\/li>\n<li class=\"page-br\">10:00 AM ET&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Business Inventories M\/M for February<\/li>\n<li class=\"page-br\">10:00 AM ET&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NAHB Housing Market Index for April<\/li>\n<\/ul>\n<div class=\"page-br mt-8\">\n<p class=\"subhead\">Earnings Calendar: <\/p>\n<ul style=\"margin-bottom:0\">\n<li class=\"page-br\">Earnings Before the Open: GNTY GS INSE MTB SCHW<\/li>\n<\/ul>\n<\/div>\n<ul style=\"margin-top:0\">\n<li class=\"page-br\">Earnings After the Close: CFB DFLI FBK MARK SKIL VUZI<\/li>\n<\/ul>\n<div class=\"page-br mt-8\">\n<p class=\"subhead\">Other Key Events: <\/p>\n<ul style=\"margin-bottom:0\">\n<li class=\"page-br\">American Academy of Neurology (AAN), 4\/13-\/18 in Denver, CO<\/li>\n<\/ul>\n<\/div>\n<ul style=\"margin-top:0\">\n<li class=\"page-br\">China GDP for Q1, House Prices, Retail Sales, Industrial Output for March<\/li>\n<\/ul>\n<p class=\"normal\"><span style=\"font-size:11.5pt; color:#404040\">&nbsp;<\/span><\/p>\n<p class=\"normal\" style=\"margin-left:.25in; text-indent:-.25in\"><span style=\"font-size:11.5pt; color:#404040\">&nbsp;<\/span><\/p>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"0\" width=\"60%\" style=\"margin-left:5.4pt; border-collapse:collapse; border:none\">\n<tbody>\n<tr style=\"height:19.65pt\">\n<td width=\"38%\" style=\"border:none; background:#F79646; padding:0in 5.4pt 0in 5.4pt; height:19.65pt\">\n<p class=\"normal\" style=\"margin-left:9.0pt; text-indent:-4.5pt; line-height:115%\"><span style=\"font-size:14.0pt; line-height:115%; color:white\">Macro<\/span><\/p>\n<\/td>\n<td width=\"35%\" style=\"border:none; background:#F79646; padding:0in 5.4pt 0in 5.4pt; height:19.65pt\">\n<p class=\"normal\" align=\"center\" style=\"text-align:center; line-height:115%\"><span style=\"font-size:14.0pt; line-height:115%; color:white\">Up\/Down<\/span><\/p>\n<\/td>\n<td width=\"26%\" style=\"border:none; background:#F79646; padding:0in 5.4pt 0in 5.4pt; height:19.65pt\">\n<p class=\"normal\" align=\"center\" style=\"text-align:center; line-height:115%\"><span style=\"font-size:14.0pt; line-height:115%; color:white\">Last<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height:19.65pt\">\n<td width=\"38%\" style=\"border:none; padding:0in 5.4pt 0in 5.4pt; height:19.65pt\">\n<p class=\"normal\" style=\"margin-left:9.0pt; text-indent:-4.5pt; line-height:11.0pt\"><b><span style=\"font-size:11.0pt; color:black\">Nymex<\/span><\/b><\/p>\n<\/td>\n<td width=\"35%\" style=\"border:none; padding:0in 5.4pt 0in 5.4pt; height:19.65pt\">\n<p class=\"normal\" align=\"center\" style=\"text-align:center; line-height:11.0pt\"><span style=\"font-size:11.0pt; color:red\">-0.56<\/span><\/p>\n<\/td>\n<td width=\"26%\" style=\"border:none; padding:0in 5.4pt 0in 5.4pt; height:19.65pt\">\n<p class=\"normal\" align=\"center\" style=\"text-align:center; line-height:11.0pt\"><span style=\"font-size:11.0pt; color:red\">85.10<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height:19.65pt\">\n<td width=\"38%\" style=\"border:none; background:#D9D9D9; padding:0in 5.4pt 0in 5.4pt; height:19.65pt\">\n<p class=\"normal\" style=\"margin-left:9.0pt; text-indent:-4.5pt; line-height:11.0pt\"><b><span style=\"font-size:11.0pt; color:black\">Brent<\/span><\/b><\/p>\n<\/td>\n<td width=\"35%\" style=\"border:none; background:#D9D9D9; padding:0in 5.4pt 0in 5.4pt; height:19.65pt\">\n<p class=\"normal\" align=\"center\" style=\"text-align:center; line-height:11.0pt\"><span style=\"font-size:11.0pt; color:red\">-0.62<\/span><\/p>\n<\/td>\n<td width=\"26%\" style=\"border:none; background:#D9D9D9; padding:0in 5.4pt 0in 5.4pt; height:19.65pt\">\n<p class=\"normal\" align=\"center\" style=\"text-align:center; line-height:11.0pt\"><span style=\"font-size:11.0pt; color:red\">89.83<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height:19.65pt\">\n<td width=\"38%\" style=\"border:none; padding:0in 5.4pt 0in 5.4pt; height:19.65pt\">\n<p class=\"normal\" style=\"margin-left:9.0pt; text-indent:-4.5pt; line-height:11.0pt\"><b><span style=\"font-size:11.0pt; color:black\">Gold<\/span><\/b><\/p>\n<\/td>\n<td width=\"35%\" style=\"border:none; padding:0in 5.4pt 0in 5.4pt; height:19.65pt\">\n<p class=\"normal\" align=\"center\" style=\"text-align:center; line-height:11.0pt\"><span style=\"font-size:11.0pt; color:red\">-4.50<\/span><\/p>\n<\/td>\n<td width=\"26%\" style=\"border:none; padding:0in 5.4pt 0in 5.4pt; height:19.65pt\">\n<p class=\"normal\" align=\"center\" style=\"text-align:center; line-height:11.0pt\"><span style=\"font-size:11.0pt; color:red\">2,369.60<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height:19.65pt\">\n<td width=\"38%\" style=\"border:none; background:#D9D9D9; padding:0in 5.4pt 0in 5.4pt; height:19.65pt\">\n<p class=\"normal\" style=\"margin-left:9.0pt; text-indent:-4.5pt; line-height:11.0pt\"><b><span style=\"font-size:11.0pt; color:black\">EUR\/USD<\/span><\/b><\/p>\n<\/td>\n<td width=\"35%\" style=\"border:none; background:#D9D9D9; padding:0in 5.4pt 0in 5.4pt; height:19.65pt\">\n<p class=\"normal\" align=\"center\" style=\"text-align:center; line-height:11.0pt\"><span style=\"font-size:11.0pt; color:#00B050\">0.0015<\/span><\/p>\n<\/td>\n<td width=\"26%\" style=\"border:none; background:#D9D9D9; padding:0in 5.4pt 0in 5.4pt; height:19.65pt\">\n<p class=\"normal\" align=\"center\" style=\"text-align:center; line-height:11.0pt\"><span style=\"font-size:11.0pt; color:#00B050\">1.0656<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height:19.65pt\">\n<td width=\"38%\" style=\"border:none; padding:0in 5.4pt 0in 5.4pt; height:19.65pt\">\n<p class=\"normal\" style=\"margin-left:9.0pt; text-indent:-4.5pt; line-height:11.0pt\"><b><span style=\"font-size:11.0pt; color:black\">JPY\/USD<\/span><\/b><\/p>\n<\/td>\n<td width=\"35%\" style=\"border:none; padding:0in 5.4pt 0in 5.4pt; height:19.65pt\">\n<p class=\"normal\" align=\"center\" style=\"text-align:center; line-height:11.0pt\"><span style=\"font-size:11.0pt; color:#00B050\">0.63<\/span><\/p>\n<\/td>\n<td width=\"26%\" style=\"border:none; padding:0in 5.4pt 0in 5.4pt; height:19.65pt\">\n<p class=\"normal\" align=\"center\" style=\"text-align:center; line-height:11.0pt\"><span style=\"font-size:11.0pt; color:#00B050\">153.91<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height:19.65pt\">\n<td width=\"38%\" style=\"border:none; background:#D9D9D9; padding:0in 5.4pt 0in 5.4pt; height:19.65pt\">\n<p class=\"normal\" style=\"margin-left:9.0pt; text-indent:-4.5pt; line-height:11.0pt\"><b><span style=\"font-size:11.0pt; color:black\">10-Year Note<\/span><\/b><\/p>\n<\/td>\n<td width=\"35%\" style=\"border:none; background:#D9D9D9; padding:0in 5.4pt 0in 5.4pt; height:19.65pt\">\n<p class=\"normal\" align=\"center\" style=\"text-align:center; line-height:11.0pt\"><span style=\"font-size:11.0pt; color:#00B050\">+0.072<\/span><\/p>\n<\/td>\n<td width=\"26%\" style=\"border:none; background:#D9D9D9; padding:0in 5.4pt 0in 5.4pt; height:19.65pt\">\n<p class=\"normal\" align=\"center\" style=\"text-align:center; line-height:11.0pt\"><span style=\"font-size:11.0pt; color:#00B050\">4.571%<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p class=\"normal\"><span style=\"font-size:11.5pt; color:black\">&nbsp;<\/span><\/p>\n<div class=\"page-br mt-8\">\n<p class=\"subhead\">World News<\/p>\n<ul>\n<li class=\"page-br\">Iran fired more than 300 drones and missiles against Israel on Saturday evening, but almost all were intercepted before they reached Israeli airspace and there were no fatalities reported.<\/li>\n<\/ul>\n<\/div>\n<div class=\"page-br mt-8\">\n<p class=\"subhead\">Sector News Breakdown<\/p>\n<p class=\"sector\">Consumer<\/p>\n<ul style=\"margin-bottom:0\">\n<li class=\"page-br\"><b>PVH Corp. (PVH)<\/b> upgraded to Outperform from Neutral at Wedbush.<\/li>\n<\/ul>\n<\/div>\n<ul style=\"margin-top:0\">\n<li class=\"page-br\"><b>Tesla (TSLA)<\/b> lowered the price of Basic Autopilot to FSD capability to $99 per month from $199.<\/li>\n<li class=\"page-br\"><b>Tesla (TSLA)<\/b> is laying off more than 10% of its global workforce, Electrek reported citing an internal company-wide email. According to the report, this means that at least 14,000 employees will be laid off, but it is unclear which specific teams will be most or least affected by Tesla&#8217;s layoffs.<\/li>\n<\/ul>\n<div class=\"page-br mt-5\">\n<p class=\"sector\">Energy, Industrials and Materials<\/p>\n<ul style=\"margin-bottom:0\">\n<li class=\"page-br\">Aluminum Producers <b>Alcoa (AA)<\/b> and <b>Century Aluminum (CENX)<\/b> trading higher pre mkt after US sanctions for Russian metals late Friday &#8211; Russian Metal Hit With Sanctions as US Blocks Deliveries to LME Restrictions on aluminum, copper, nickel made after April 13.<\/li>\n<\/ul>\n<\/div>\n<ul style=\"margin-top:0\">\n<li class=\"page-br\"><b>Piedmont Lithium (PLL)<\/b> said that the North Carolina Department of Environmental Quality&#8217;s Division of Energy, Mineral, and Land Resources has issued an approval of our mining permit for the construction, operation, and reclamation of the proposed Carolina Lithium project in Gaston County, North Carolina. <\/li>\n<li class=\"page-br\"><b>Spirit AeroSystems Holdings Inc. (SPR)<\/b> is limiting overtime and hiring as production declines due to lower output of 737 MAX jets, Reuters reported late Friday, citing Spirit AeroSystems spokesperson Joe Buccino.<\/li>\n<li class=\"page-br\"><b>Timken Co. (TKR)<\/b> mentioned positively in Barron\u2019s this week saying investors may have been \u201ctoo downbeat\u201d on the manufacturer of ball bearings, with 2025 earnings expected to climb 14%.<\/li>\n<\/ul>\n<div class=\"page-br mt-5\">\n<p class=\"sector\">Financials<\/p>\n<ul style=\"margin-bottom:0\">\n<li class=\"page-br\"><b>JP Morgan Chase &amp; co (JPM)<\/b> said credit card delinquency rate 0.79% at March end vs 0.80% at Feb end and that credit card charge-off rate 1.49% in March vs 1.58% in Feb.<\/li>\n<\/ul>\n<\/div>\n<ul style=\"margin-top:0\">\n<li class=\"page-br\"><b>Medical Properties Trust (MPW)<\/b> said it sold interests in five Utah hospitals to a newly formed joint venture with an unidentified investment fund.<\/li>\n<li class=\"page-br\"><b>M&amp;T Bank (MTB)<\/b> Q1 EPS $3.02 vs. est. $3.10; Q1 net charge-offs .42%; Q1 CET1 capital ratio 11.07%.<\/li>\n<\/ul>\n<div class=\"page-br mt-5\">\n<p class=\"sector\">Healthcare<\/p>\n<ul style=\"margin-bottom:0\">\n<li class=\"page-br\"><b>Neumora Therapeutics, Inc. (NMRA)<\/b> shares slide after announced that the Phase 1 trial of NMRA-266 has been placed on clinical hold by the U.S. FDA. NMRA-266 is a positive allosteric modulator (PAM) of the M4 muscarinic receptor and is part of the Company\u2019s M4 PAM franchise. The clinical hold determination follows recently available pre-clinical data showing convulsions in rabbits.<\/li>\n<\/ul>\n<\/div>\n<ul style=\"margin-top:0\">\n<li class=\"page-br\"><b>Novavax (NVAX)<\/b> shares edge higher early after hedge fund Shah Capital recommends appointment of two new independent directors, Suresh Katta and Venkat Peri, to Novavax board. Shah Capital owns approximately 6.7% of the outstanding common stock of Novavax.<\/li>\n<\/ul>\n<div class=\"page-br mt-5\">\n<p class=\"sector\">Technology, Media &amp; Telecom<\/p>\n<ul style=\"margin-bottom:0\">\n<li class=\"page-br\"><b>Salesforce (CRM)<\/b> is in advanced talks to acquire data-management software provider <b>Informatica (INFA)<\/b> the WSJ reported, according to people familiar with the matter. Informatica has a market capitalization of more than $11 billion after a 43% run-up in its shares this year as traders bet on a deal. The price being discussed is below Informatica&#8217;s current share price of $38.48, according to the Wall Street Journal <a href=\"https:\/\/nam12.safelinks.protection.outlook.com\/?url=https%3A%2F%2Ftinyurl.com%2F3ta6ndzb&amp;data=05%7C02%7Chammerstone%40regalsecurities.com%7C0262d41cbf7d4fd877be08dc5d3bd13f%7C434827bab4eb4dc0b4031a7afe4d47c3%7C0%7C0%7C638487758986599647%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&amp;sdata=FaWAnAeHtvUeBNE3OHUx95kVve5Kv%2FFmfoZbS2doBzI%3D&amp;reserved=0\" originalsrc=\"https:\/\/tinyurl.com\/3ta6ndzb\" shash=\"qNdgkyvLMWArfpMd\/11nrXSqI4tjH2DC1c5myyqVx9Apji0Yd2TvHJMKocpuxgTz4vlBmgPoX\/u966UGwJDT9bWoLAzV+\/g18vn6f5LnHHJnMpQcLCRio1S\/ruhzLwlWEt8MpPzX26I9QvpzFqBKU7iHhIiI5U4E6hSY77EABUU=\" target=\"_blank\" rel=\"noopener\">https:\/\/tinyurl.com\/3ta6ndzb<\/a> <\/li>\n<\/ul>\n<\/div>\n<ul style=\"margin-top:0\">\n<li class=\"page-br\"><b>Apple (AAPL)<\/b> shares dipped pre-mkt after Research firm IDC data showed AAPL&#8217;s smartphone shipments dropped ~10% in Q1 2024, hurt by intensifying competition by Android smartphone makers. With a 17.3% market share, AAPL loses top spot to <b>Samsung<\/b>, which was at 20.8% in Jan-Mar quarter and China&#8217;s Xiaomi third with 14.1%.<\/li>\n<li class=\"page-br\">Clearlake Capital says it delivered a letter to <b>Blackbaud (BLKB)<\/b> Board containing a non-binding proposal to acquire all its outstanding shares for $80 per share; Clearlake reports an 18.2% stake in BLKB.<\/li>\n<li class=\"page-br\"><b>Resideo Technologies (REZI)<\/b> has agreed to buy <b>Snap One Holdings (SNPO)<\/b> for about $821 million; Resideo said it will pay $10.75 a share in cash for Snap One, a 32% premium to Friday&#8217;s closing price of $8.14. Resideo said the transaction, which it expects to complete in the second half of the year is worth about $1.4 billion including debt.<\/li>\n<\/ul>\n<\/div>\n<p>  <meta http-equiv=\"Content-Type\" content=\"text\/html; charset=utf8\"><meta name=\"Generator\" content=\"Microsoft Word 15 (filtered)\"><\/p>\n<style> <!-- body \t{margin:0; \tfont-family:'Roboto',sans-serif} table \t{break-inside:avoid; \tpage-break-inside:avoid; \tmargin-top:5mm} .page-br \t{break-inside:avoid; \tpage-break-inside:avoid} .mt-5 \t{margin-top:5mm} .mt-8 \t{margin-top:8mm} .normal \t{margin:0; \tfont-size:12pt} .body-copy \t{margin:0; \tline-height:115%; \tfont-size:11.5pt; \tcolor:#404040} .subhead \t{margin:0; \tfont-size:14pt; \tcolor:#F79646; \tfont-weight:bold} .sector \t{margin:0; \tfont-size:11.5pt; \tcolor:#404040; \tfont-weight:bold; \tfont-style:italic; \ttext-decoration:underline} .calendar-date \t{margin:0; \tfont-size:18pt; \tcolor:#632423; \tfont-weight:bold; \ttext-decoration:underline} --> <\/style>\n<style>     @media only screen and (max-width: 500px) {       td p.MsoNormal {         text-indent: 0!important;         margin: 0!important;       }     } <\/style>\n<style>div[class*=WordSection]>p {line-height: inherit !important;}div[class*=WordSection] a:not([href]) {color: inherit !important;}<\/style>\n<div>\n<div>_________________________________________________________________<\/div>\n<div>\n<p><em>Market commentary provided by Hammerstone Markets, Inc, a firm separate from and not affiliated with Regal Securities. Regal Securities has not participated in the creation of the content, and does not explicitly or implicitly endorse the content.<\/em><\/p>\n<\/p><\/div>\n<div><\/div>\n<\/p><\/div>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Early Look Monday, April 15, 2024 Futures Up\/Down % Last Dow 101.00 0.26% 38,339 S&amp;P 500 22.25 0.44% 5,190 Nasdaq 101.50 0.56% 18,280 &nbsp; &nbsp; After slipping last week, U.S. futures are pushing higher while oil and bond prices dip, as investors kept Middle East concerns in check after Iran&#8217;s weekend attacks on Israel. On Saturday, Iran attacked with more &#8230; <a href=\"https:\/\/www.eoption.com\/morning-preview-april-15-2024\/\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-23185","post","type-post","status-publish","format-standard","hentry","category-daily-market-insights","no-post-thumbnail"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.eoption.com\/wp-json\/wp\/v2\/posts\/23185","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.eoption.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.eoption.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.eoption.com\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.eoption.com\/wp-json\/wp\/v2\/comments?post=23185"}],"version-history":[{"count":0,"href":"https:\/\/www.eoption.com\/wp-json\/wp\/v2\/posts\/23185\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.eoption.com\/wp-json\/wp\/v2\/media?parent=23185"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.eoption.com\/wp-json\/wp\/v2\/categories?post=23185"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.eoption.com\/wp-json\/wp\/v2\/tags?post=23185"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}