Good morning. US equity futures are fractionally lower, SPX -2pts, we’re set to open at 3670. USD is u/c in the DXY 91.00s. The precious metals are a little mixed, Gold -$2, with Silver u/c. WTIC is +0.9% in the $46s.
sp’60min
Summary
Yesterday saw the market break a new historic high, but then cooling back into the late afternoon. S/t momentum settled on the lower side. Wednesday’s SPX and VIX daily candles were both distinctly bearish.
Overnight futures have been choppy, if leaning on the weaker side, and we’re set to open a little lower.
Considering yesterday’s daily candles, orange gap looks set to be hit, whether late today or tomorrow.
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Early movers
AAPL -0.7%
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ABNB : *Airbnb due to list today*
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ADBE +0.1%, EPS $2.81 vs 2.66est. Rev’ y/y +14.4% to $3.4bn inline. Positive guidance. $15bn stock buyback.
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AMD -0.4%
AVGO -0.3%, earnings due in AH
BA -0.8%
BBY -2.8%, Goldman, neutral>sell, 107>97
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BCS -5.3%, UK financials hit hard
BIDU +1.7%
CCL -1.1%
COST +0.4%, earnings due in AH
DASH -4.2%, day’2
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DB -1.4%, weak EU financials
DBX -1.9%
DIS +0.1%, Truist ‘buy to $175′
DKNG -0.9%
FB -1.1%
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FLR -5.6%, EPS 14cents vs 23est. Rev’ $3.8bn vs 4.0est, and 4.6 prior yr. A double miss.
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GE -1.3%
GME -2.6%, after Wednesday’s post earnings horror, not even managing a dead cat bounce.
MU -0.8%
LYG -6.1%, UK financials hit hard
LULU +1.5%, earnings in AH
MRNA -1.3%
NET -1.7%
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NEM +0.4%, CIBC 93>92, a rather bizarre micro downgrade, but still well above the current price.
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NIO -2.1%
NVAX -2.8%
ORCL -0.1%, earnings due in AH
PFE +0.4%
PLTR -2.4%
RKT +1.1%, UOA yesterday
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RH +0.3%, minor post earnings gains
SE -4.3%
SLB -0.5%
SPCE -4.4%
TSLA -4.7%, bearish follow through, after yesterday’s reversal
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TLT +0.4%, as yields cool back
UAL -0.8%
UBER +1.1%
VALE +1.4%
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VIX +0.5% in the 22s
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X -0.4%
XOM +1.0%, JPM upgrade 37>47
ZM -0.9%
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Overnight markets
Other world markets are very subdued…
Japan: -0.2% at 26756
China: +0.04% at 3373
Germany: currently -0.1% at 13329
UK: currently +0.4% at 6589
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Have a good Thursday