US equities are choppy, if mostly leaning upward. VIX remains ground down in the mid 14s.
sp’60min
VIX’60min
Summary
A tag of 5610 looks a stretch today… as Mr Market feels tired.
The more cautious bears will WAIT for 5610.
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notable stock: AMZN
It appears Amazon is higher on news that UPS is seeing customers switch to slower/cheap delivery.
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notable reversal: GM
Earnings were fine… but Mr Market has swung the stock from +4% to -6%
EPS $3.06 vs 2.71et. Rev’ y/y +7.2% to $48.0bn vs 45.1est. Positive guidance.
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notable strength: CCL
Ordering three new ships… LNG powered, which sounds impressive.
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notable miner: FCX
Headline earnings were fine… EPS 46cents vs 40est. Rev’ y/y +15.5% to $6.6bn vs 6.0est. The problem is copper -4cents to $4.15
Time for a much needed lunch