US equities open significantly higher. Copper $4.83. USD +0.3% at 98.43.
sp’60min
VIX’60min
Summary
S/t momentum due to turn positive.
VIX prone to settling <30 today.
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notable stock: TSLA
Tesla has earnings in AH… which won’t be pretty, but the market has arguably priced in the worse. S/t bullish… $290/300
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notable Dow component: BA
Selling a portion of its ‘Digital Aviation Solutions’ business to Thomo Bravo for $10.55bn… ALL cash transaction.
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notable defence: LMT
Earnings were fine… EPS $7.28 vs 6.32est. Rev’ y/y +4.5% to $17.96bn vs 17.79est. Backlog $173bn
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notable weakness: NOC
A double miss… EPS $6.06 vs 6.26est. Rev’ y/y -6.6% to $9.46bn vs 9.93est. Backlog $93bn