Good morning. US equity futures are moderately higher, SPX +10pts, we’re set to open at 3861. USD is -0.4% in the DXY 90.13s. The precious metals are a little mixed, Gold -$1, with Silver +0.1%. WTIC is +0.1% in the $53s.
sp’60min
Summary
Yesterday saw broad gains, with the market pushing upward across the day, printing a new hist’ high of 3859 in the closing hour. S/t momentum maxed out in the 1pm hour, and we have a provisional cyclical rollover.
Overnight futures have been a little choppy, currently leaning upward, helped by many other world markets. Regardless of the exact open, a tag to at least the upper end of yellow gap is highly probable, before a push for the 3900s.
We have an interesting day ahead, which will conclude with INTC and IBM earnings.
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Early movers
AA -2.2%, post earnings
AAPL +1.4%, Morgan Stanley 144>152
ADBE +0.6%
BA +0.6%
BIDU +1.2%
CAT +0.7%, Citi 175>205
F +4.8%
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FCEL -7.6%, EPS -8cents vs -4est. Rev’ y/y +54.0% to $17M vs 17.1est. Tiny company… but rapidly growing.
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GDX +0.4%
GOLD +0.3%
GM +2.4%
GSAT -5.8%, just some cooling
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IBM +0.4%, earnings due in AH
INTC +0.5%, earnings due in AH
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KMI +3.0%, post earnings jump
MSFT +0.1%, Evercore 250>260
MU +0.7%
NEM +0.6%
NFLX -0.6%, just a little cooling
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OXY -0.2%, Jefferies ‘hold’
SLB +0.5%, earnings early Fri’
SNAP +1.9%
TSLA +0.7%
TSM +3.1%
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TLT -0.2%, yields still climbing
TLRY -3.4%
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TRV +1.7%, EPS $4.91 vs 3.15est. Rev’ y/y +2.7% to $7.3bn vs 7.4est. Fewer claims… as many stuck at home.
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TWTR +0.6%
UAA +4.2%, call buying yesterday
UAL -2.3%, post earnings depression
UNP * earnings due
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VIX -1% in the 21s
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XOM -0.5%
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Overnight markets
Asian markets were broadly higher, whilst European markets are leaning upward…
Japan: +0.8% at 28756
China: +1.1% at 3621
Germany: currently +0.5% at 13993
UK: currently +0.2% at 6753
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Have a good Thursday