Good morning. US equity futures are fractionally lower, SPX -5pts, we’re set to open at 4953. USD is +0.3% at DXY 104.17. The precious metals are broadly lower, Gold -$10, with Silver -1.0%. WTIC is -0.5% in the $71s.
sp’60min
Summary
Last week ended on a very bullish note, the SPX printing a new hist’ high of 4975. S/t momentum settled on the very high side.
Overnight futures have been leaning a little on the weaker side. Partly due to last Friday’s AH news of US bombing of Iraq and Syria.
Yours truly is mostly content hiding within the gold/mining and energy space. I’m interested in RUM and RKLB, but I’m already maxed out, and would have to drop a miner and/or SLB to pay for something new.
—
Early movers
AAPL +0.5%, Wedbush, outperform, $250
AG -2.1%, lower silver
ALB -1.3%
–
AMD +1.4%
AMGN +0.9%, weight loss drug study data
AMZN -0.8%
BA -2.1%, Jefferies, 315>300
BABA +1.1%
–
CAT +4.3%, EPS $5.23 vs 4.76est. Rev’ y/y +2.8% to $17.1bn inline.
–
COIN +0.3%
Bitcoin is currently +1.3% at $43105
–
CTLT +10.3%, Catalent being bought by Nova Nordisk for $11.5bn
–
DE +0.9%, helped by CAT
–
EL +15.3%, EPS 87cents vs 55est. Rev’ $4.3bn vs 4.2est. Firings of 3-5%
–
FCX -0.8%, with copper -2cents to $3.80
GOLD -0.7%
LAC -3.3%
LLY +1.1%, Jefferies, 732>768
–
MCD -1.3%, EPS $2.95 vs 2.83est. Rev’ y/y +8.1% to $6.4bn inline. Global COMPS +3.4% vs 4.7est… middle east related boycotts.
–
META -0.2%
MRNA -1.4%
NEM -1.1%
–
NVDA +3.7%… pushing for the $700s
–
NVO +2.0%, buying Catalent (CTLT) for $11.5bn
OXY -0.3%
PLTR +3.1%, earnings due in AH
RKLB +1.9%
SLB -0.4%
–
TLT -0.9%, as yields climb
TSLA -1.3%, Piper Sandler, 295>225
–
TSN +3.8%, 69cents vs 42est. Rev’ $13.3bn inline.
–
UAL -0.6%
–
VIX +2.4% at 14.19, the gain is arguably entirely technical, due to the new week.
–
ZS -3.3%, the COO (chief operating officer) resigns with immediate effect.
—
Overnight markets
Asian markets were very mixed, with China still struggling. European markets are moderately higher…
Japan: +0.5% to 36354
China: -1.0% to 2702
In communist China…
https://www.bbc.co.uk/news/business-68027592
A major push for total surveillance of all govt’ funded projects.
It should be clear, the CCP will FORCE some degree of funding (whether cash subsidy or loan) for those private companies it wants to spy on, and that will most certainly include Tesla and Apple.
–
Germany: currently +0.3% at 16965
UK: currently +0.5% at 7656
Here in the failed state of the UK…
https://www.bbc.co.uk/news/business-68199898
1M EVs have been sold… but its taken 22 yrs to achieve that.
Further, Jan’ y/y sales -25%, as the consumer is increasingly broken.
—
Have a good Monday