US equities open on a weak note, but much like yesterday, the declines barely rate as moderate.
sp’60min
VIX’60min
Summary
*Yours truly has eyes on SMR, which has fallen into the $20s.
10.07am… I’ve picked up SMR from $20.00
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notable stock: WMT
Earnings were broadly fine…
EPS 66cents vs 64est. Rev’ y/y +4.2% to $180.6bn vs 180.0est.
… but the market is annoyed with soft guidance.
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notable semicon: INTC
I’d look for an OPEX pin around psy’ $25.00
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notable strength: BABA
Earnings were good…
EPS $2.93 vs 2.66est. Rev’ y/y +4.7% to $38.4bn vs 38.2est.
… I’d still argue the non-communists will favour any US based retailer, and that STILL includes Walmart.
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notable miner: CCJ
Earnings were good…
36cents vs 32est. Rev ‘y/y +90.8% to $1.18bn vs 1.08est.