Good morning. US equity futures are fractionally higher, SPX +5pts, we’re set to open at 6363. USD is +0.2% at DXY 97.14. The precious metals are moderately lower, Gold -0.7%, with Silver -0.6%. WTIC is +0.6% in the upper $65s.
sp’60min
Summary
Yesterday saw the market claw upward across the day, printing a new hist’ high of 6360. S/t momentum settled on the moderately high side.
Overnight futures have been subdued. We’re currently set to open fractionally higher. The s/t cyclical setup favours the bears into Friday.
Intel will merit attention in AH.
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Early movers
AAL -4.2%, EPS 95cents vs 77est. Rev’ y/y +0.5% to $14.4bn vs 14.3est.
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AAPL -0.1%
AEM -0.4%
ALB +5.3%
AMD +1.3%
AVGO +2.3%
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CLF -0.6%
CMG -11.3%, post earnings horror
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COIN +0.2%
Bitcoin is -0.1% at $118K
XRP is -3cents to $3.16, with the buyers appearing around $3.00
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CSX +2.9%, earnings (Wed’ AH): EPS 44cents vs 42est. Rev’ y/y -3.4% to $3.57bn vs 3.58est. The annual decline in sales should be a concern, and is a few percent worse… considering inflation.
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DB +6.7%, EPS 54cents vs 78est. Rev’ y/y +8.3% to $8.8bn inline.
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DOW -7.6%, EPS -42cents vs -12est. Rev’ y/y -7.4% to $10.10bn vs 10.25est. Cuts dividend by 50%
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FCX u/c, with copper +9cents to $5.91, having printed a new hist’ high of $5.95
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GOOGL +3.6%, post earnings gains
IBM -6.0%, post earnings depression
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INTC +0.3%, earnings due in AH
JOBY -1.9%
LCID -1.6%
LVS +6.4%, post earnings gains
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MAT -3.7%, post earnings depression
MRNA +2.0%
NEM -0.8%, earnings due in AH
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NVDA +1.2%
NVO +0.8%
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PAAS -0.8%
PLTR -0.4%
QS -5.1%, post earnings depression
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SQM +4.1%, as a key Chinese lithium mine has halted production.
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SRPT -2.5%, the horror continues
STLA -5.0%, lower in sympathy with Tesla?
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TSLA -6.0%, post earnings depression
UAL -1.0%
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VIX -0.5% at 15.30
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Overnight markets
Asian and European markets broadly higher. Those paying attention will be aware the collecting of world equities are accelerating upward… arguably reflective of Mr Inflation.
Japan: +1.6% to 41826
China: +0.6% at 3605
Germany: currently +0.4% at 24329
UK: currently +0.9% at 9144
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Have a good Thursday