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Fed Chair Warsh Speaks: NKE Revenue Warnings & The TOST Breakout
Description
Here is the trade setup for the Wednesday open. Geopolitical friction and the era of "Hawkish Warsh" are putting a lid on market momentum as we kick off Q3.
🚀 Stocks to Watch:
• 📉 NKE: Down 3.5% after warning of a weak revenue outlook and a dragging corporate turnaround.
• 📈 STZ: Up 3.2% following a clean Q1 double-beat driven by strong margin expansion.
• 🔔 TOST: Vaulting over 4% pre-market on structural buying as it joins the S&P MidCap 400.
📊 Key Levels:
• S&P 500 Futures (/ES): Pivot: 7,500 | Resistance: 7,549.25 | Support: 7,510.75
• Nasdaq 100 Futures (/NQ): Pivot: 30,500 | Resistance: 30,523.50 | Support: 30,299.00
Content is for informational and educational purposes only. Market data may be subject to platform delays. This is not financial advice.