US PRE-MARKET MOVERS: AMD, WDAY, TTWO, ZM, ROST, AA, INSP

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Canadian Retail Sales Ex Autos MoM (Mar) M/M 1.4% vs. Exp. 0.9% (Prev. 0.5%, Low. 0.6%, High. 1.1%)

Canadian PPI MoM (Apr) M/M 2.0% vs. Exp. 1.3% (Prev. 2.4%)

US PRE-MARKET MOVERS: AMD, WDAY, TTWO, ZM, ROST, AA, INSP

[MARKET UPDATE]: Risk on seen amid reports that the Pakistani Army Chief has left for Iran; upside in stocks, Treasuries alongside downside in the Dollar and oil

White House NEC Director Hassett says there is risk that the oil shock feeds into core inflation and central banks must pay close attention

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ES +0.3% NQ +0.3% RTY +0.4%

  • AMD +2%: CEO said it is working w/ Taiwan partners to increase prod.capacity as stronger-than-exp. demand tightens global CPU market
  • WDAY +7.5%: Stronger than exp. results, upgraded margin forecast w/ mgmt. citing strength in AI & rising use of its AI agents
  • TTWO +3.5%: Metrics beat & as it reiterated 19th Nov. release date for GTA6; note, next Q & FY guidance disappointed
  • ZM +8%: EPS & rev. topped alongside raising FY27 outlook
  • ROST +5.5%: Stellar Q1 report, supported by strong comp. sales, higher customer traffic, better margins & raised FY outlook
  • AA +1.7% Upgraded at UBS
  • INSP -3%: Downgraded at BofA

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