and welcome back to Morning Trade Live. It's time now for the big picture. So, let's welcome in the team from Charles Schwab.Nathan Peterson, director of derivatives analysis, Schwab Center for Financial Research, and Michelle Gibli, director of international equity research and strategy. A very good morning to you both. Thanks so much for joining us.Nate, I do want to just start with you because it's been such an interesting just over 24 hours. is I know that there's been a lot of talk uh particularly over ...

Core Viewpoint - Banking stocks experienced a significant decline due to rising global crude oil prices and ongoing foreign institutional selling, leading to a sharp drop in the Nifty Bank index [1][4]. Group 1: Market Performance - The Nifty Bank index fell by 2,390 points, or 4.14%, to 55,393 in early trade [1]. - All 14 banking stocks in the index were down, with State Bank of India leading the losses at 6.09% to ₹1,073.40, followed by Union Bank of India down 6.26% and Punjab National Bank off 5.51% [2]. - The Nifty PSU Bank index saw the largest decline, crashing 5.48% to 8,680.85, while the Nifty Financial Services index fell 3.98% to 25,592.55 [2]. Group 2: External Factors - Brent crude prices spiked to $118 per barrel due to the continued closure of the Strait of Hormuz and attacks on oil and gas infrastructure [4]. - Foreign institutional investors net sold equities worth ₹6,030 crore, while domestic institutional investors made net purchases of ₹6,972 crore, partially cushioning the market fall [5]. Group 3: Technical Analysis - Analysts indicated that the 200-day simple moving average at 57,500 is a key support level for Bank Nifty, with warnings that a breach could lead to further declines toward 56,800–56,500 [6]. - The RSI is hovering near 32, indicating oversold conditions, but there are no clear reversal signals, and the MACD remains in negative territory [6]. Group 4: Sector Insights - Rising crude prices are expected to stoke inflation, impacting various sectors, although banking and financial stocks may be relatively insulated from the broader oil shock compared to sectors directly exposed to energy costs [7].

Core Viewpoint - Roku (ROKU) is showing potential as a strong investment option due to its recent technical indicators and positive earnings revisions [1][2][3] Technical Analysis - Roku has recently crossed above the 200-day moving average, indicating a long-term bullish trend [1] - The stock has gained 5.8% over the past four weeks, reflecting positive momentum [2] Earnings Estimates - There have been 8 upward revisions in earnings estimates for the current fiscal year, with no downward revisions, suggesting strong investor confidence [3] - The consensus earnings estimate has also increased, further supporting the bullish outlook for Roku [3] Market Position - Roku is currently ranked as a Zacks Rank 1 (Strong Buy), indicating strong potential for further stock price increases [2]