Stock Market Today: AI names are bouncing back this morning. After the close yesterday we got news that Akamai signed an $11.6 billion cloud deal with Anthropic making it your biggest gainer this morning with shares up 22.8%. The $SMH ETF is trading 1.2% higher in the premarket session, pointing to another positive day for AI hardware stocks. Subscribe: @PreMarketPrep The major indexes are in positive territory on Friday morning with SPY, QQQ, IWM, and the DIA all trading higher. Costco $COST is trading lower after the company reported Q4 earnings, narrowly beating revenue estimates after the close on Thursday. The Last Move: A roundup of price action from the last 24 hours: - Zscaler $ZS: Zscaler Names Ross Tackett as Chief Revenue Officer, Succeeding Mike Rich, stock fell 3.6% in after hours trading. - Oracle $ORCL, Bloom Energy $BE, Blue Owl Capital $OWL: Oracle issued a "force majeure" notice to a Blue Owl unit, the developer of a large New Mexico data center, citing potential delays in securing power for the project, stock dropped 3.4%. - Unity Software $U: Partners with Meta to provide day-one support for Meta VR glasses, shares were volatile and finished 6% lower. - PepsiCo $PEP: PepsiCo shares fell 1.5% as they announce they are to raise some prices after cuts failed to grow sales. - GoDaddy $GDDY: GoDaddy receives takeover offer from maker of Norton Antivirus software, FT Reports, shares popped and finished 4.6% higher. - Draftkings $DKNG: DraftKings shares popped before being faded as New York sues Polymarket over alleged illegal gambling operation. - Everpure $P: Everpure shares rose 14.7% in the first hour of trading after prelim FY28 revenue outlook announced at their investor day on Wednesday, the stock finished the day up 11.1%. - People $PPLI: 'MGM Resorts eyeing bid for Barry Diller’s People Inc.; Billionaire’s company, which has a stake in MGM' - WSJ Exclusive, shares pop 8.5%in premarket trading on Friday. - Redwire $RDW, Rocket Lab $RKLB and Firefly Aerospace $FLY: These companies made the cut as one of 15 companies chosen for NITE-STAR, a Space Systems Command contract structure that allows multiple awardees and runs on an as-needed ordering basis, with a combined cap of $981 million across two separate five-year stretches, per a release the command put out July 31. All of these space companies finished the day up a few percent. Our special guest on Friday is: Ryan Detrick, CMT | Chief Market Strategist at Carson Group and CNBC Contributor. Joel, Dennis and Brent welcome you as they host PreMarket Prep's 3,631st episode! Live every trading day since 2013. Get prepped and ready for each trading day with the industry originators of pre-market preparation. Find all the real news traders need to know about - and none of the news the mainstream media is pretending is moving the markets today. The PMP guys don't just highlight the important news, they dive in, analyze and give the real takes on what matters around Wall Street. Get charts, high-quality execution, and a sophisticated trading platform with TradeStation: https://premarketprep.com/tradestation Check out our new live STN Newsfeed (beta) here: https://stocktradernetwork.com/newsfeed Join the Stock Trader Network (STN) https://stocktradernetwork.com and trade with Dennis, Joel and others! Listen on Spotify: https://open.spotify.com/show/0lAwCUr... Listen on Apple Podcasts: https://podcasts.apple.com/ca/podcast... Disclaimer: the views, thoughts, and opinions expressed in this content are not investment advice and are for informational purposes only.
