Nasdaq, S&P 500, Dow Futures Mixed As Investors Eye Jobs Reports, Iran Tensions: Why AVGO, CRWD, TSM, NVDA, MSTR, BMNR In Focus

• Investors weighed escalating tensions in the Middle East against expectations for upcoming labor market data. 
• Broadcom and CrowdStrike tumbled despite upbeat analyst commentary and earnings.
• Strategy attempted to stabilize following a recent selloff even as Bitcoin slipped below $65,000.

U.S. stock futures were mixed early Thursday as investors digested rising geopolitical tensions in the Middle East and upcoming labor market data.  

Caution prevailed after one of the most significant escalations in the U.S.-Iran conflict since the April ceasefire. The House of Representatives voted to end the conflict in a rare rebuke to President Donald Trump, even as Secretary of State Marco Rubio clarified that Washington’s strikes are strictly defensive rather than a full-scale war. However, concerns are rising about further escalation. 

As of 4:00 a.m. ET on Thursday: Dow futures rose 0.3%, Nasdaq futures fell 0.6%, S&P 500 futures were down 0.3%, while Russell 2000 futures gained 0.4%.

Retail sentiment toward the SPDR S&P 500 ETF (SPY), an exchange-traded fund that tracks the S&P 500 Index, remained in ‘bullish’ territory, while the Invesco QQQ Trust (QQQ) ETF, which tracks the Nasdaq-100 Index, has remained ‘neutral’.

Trending Stocks To Watch

Broadcom (AVGO) stock fell 12% in early premarket trading. While its Q2 earnings print was mixed and Jefferies raised its price target to $550, investors were disappointed that management reiterated long-term AI targets rather than raising guidance. 

CrowdStrike (CRWD) stock fell 10% in early premarket trade despite strong Q1 earnings performance and raised guidance. The company also announced a 4-for-1 forward stock split effective July 2. 

Taiwan Semiconductor Manufacturing Co. (TSM): At the annual shareholders' meeting in Taiwan, CEO C.C. Wei reportedly said that global chip supply will fall short of AI demand for years to come, even with new U.S. factories operating. TSMC maintained its massive 30%+ sales growth forecast for the year.

Nvidia (NVDA) remains on the retail radar even as it continues to underperform relative to its sector. Nvidia has gained just 16% over the last 60 trading days, compared to the iShares Semiconductor ETF (SOXX), which has surged over 82%. 

Alphabet (GOOGL) remains on the retail radar as Cathie Wood’s ARK Investment bought another 134,000 shares of the Google parent company.

SpaceX: Elon Musk’s aerospace firm filed plans for a record-breaking initial public offering to raise a massive $75 billion. JPMorgan CEO Jamie Dimon is gearing up to pitch the mega IPO to more than 2,500 wealthy clients alongside senior SpaceX executives this week.

Select space stocks, such as Intuitive Machines (LUNR) and Firefly Aerospace (FLY), saw a rebound in early premarket trade after a sell-off in the previous session. Rocket Lab (RKLB), however, remains under mild pressure even as Clear Street analyst Greg Pendy bumped the firm's price target to $129 from $98.

Strategy (MSTR) is attempting to recover from a three-day losing streak, triggered by the Michael Saylor-backed company's first Bitcoin sale in nearly four years. This comes as Bitcoin dipped below $65,000 for the first time since March.

BitMine Immersion Technologies (BMNR) has filed for a preferred stock offering carrying a 9.5% yield. 

Other tickers trending on Stocktwits at the time of writing included Oracle Corp (ORCL), Redwire Corp (RDW), TG Therapeutics (TGTX), and Keel Infrastructure (KEEL). 

Other Catalysts To Watch

On the economic front, investors are tracking the release of initial jobless claims and the Challenger layoff report ahead of Friday's official non-farm payrolls report. 

On earnings radar, watch out for quarterly reports from Fuelcell Energy Inc (FCEL), Ciena Corp (CIEN), Pyxus Intl Inc. (PYYX), and Orion Energy Sys (OESX), before the bell.  Lululemon Athletica (LULU), DocuSign (DOCU), Planet Labs Class A (PL), Advent Technologies Holdings Inc (ADN), and Rubrik Inc. - Class A (RBRK) are among others reporting after market close today. 

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