Good morning. US equity futures are rather powerfully higher, SPX +125pts, we’re set to open in the 5410s. USD is +0.4% at DXY 99.06. The precious metals are very mixed, Gold -1.2%, with Silver +1.7%. WTIC is +1.0% in the mid $64s.
sp’60min
Summary
Yesterday saw the market settle very significantly higher. S/t momentum settled on the moderately high side.
Overnight futures have been rather powerfully higher, we’re set to open +125pts… into the low 5400s.
The 5700s with VIX 20s aren’t looking so difficult now… are they? As I said in a Space yesterday… “we’re going up, whether you like it or not”.
Whether we stall within the 5700/800s, or keep on climbing to new historic highs… across the summer, THAT is the issue.
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Early movers
AAPL +3%
AEM -3%
AFRM +7%
AMD +4%
AMZN +5%
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BA +3%, EPS -49cents vs -1.18est. Rev’ y/y +18.0% to $19.5bn vs 19.4est. Backlog 5600 planes
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BAC +3%
BMY -6%, Schizophrenia drug results… fail.
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BSX +8%, EPS 75cents vs 67est. Rev’ y/y +20.9% to $4.66bn vs 4.57est.
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BULL +12%
CCJ +3%
CLF +4%
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COIN +4%
Bitcoin is +0.3% at $93756
XRP is +6cents to $2.28. I HOLD from $2.11, seeking $2.60
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ENPH -11%, post earnings upset
FCX +3.5%, with copper +3cents to $4.91
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GEV +7%, EPS 91cents vs 53est. Rev’ y/y +10.6% to $8.03bn vs 7.54est.
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GOLD -2%
GOOGL +2.5%
HOOD +8%
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INTC +5%
JPM +2.5%
META +5%
MU +4.5%
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NEM -3%
NG -7%
NKE +3%
NVDA +6%
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OKLO +1%, CEO Sam Altman to quit
OXY +2.5%
PAAS -1.5%
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PLTR +6%
RDDT +7%
RKLB +6%
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SHOP +6%
SMCI +7%
SMR +7%
SNAP +3.5%, being sued in Florida
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T +4%
TSLA +7%, post earnings jump… on garbage numbers
UAL +4%
UEC +3%
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VIX -8% in the 27s
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VRT +15%, EPS 64cents vs 62est. Rev’ y/y +24.2% to $2.04bn vs 1.94est.
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XOM +1.5%
XPEV +8%
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Overnight markets
Asian markets were mixed, whilst European markets are very significantly higher…
Japan: +1.9% to 34868
China: -0.1% to 3296
Germany: currently +2.7% at 21877
UK: currently +1.4% at 8445
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Have a good Wednesday