Good morning. US equity futures are sig’ higher, SPX +70pts, we’re set to open at 6712. USD is +0.1% at DXY 100.26. The precious metals are a little weak, Gold -0.02%, with Silver -0.43%. WTIC is +0.8% in the upper $59s.
sp’60min
Summary
Yesterday saw early sig’ gains fade to marginal declines, if recovering into the close, settling moderately higher. S/t momentum settled marginally positive.
Overnight futures have been sig’ higher, primarily due to Nvidia. We’re set to open +70pts or so… into the low 6700s.
Best guess… an OPEX pin around 6700. I’m open to the notion of the 6800s early next week, before resuming lower into/across December.
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Early movers
AAPL +0.3%
ABT u/c, Abbott Labs to buy Exact Sciences for around $21bn
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ACHR +2.3%
ALB -2.3%
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AMD +4.3%
AVAV +3.3%, Piper Sandler, overweight, $391
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BBWI -13.5%, EPS 35cents vs 40est. Rev’ y/y -1.0% to $1.59bn vs 1.63est. The annual decline in sales is another reminder of the broken consumer.
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BCS -0.9%, weak UK fins
BMNR +4.2%
CEG +2.5%
CLF +1.2%
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COIN +2.4%
Bitcoin is +0.2% at $91K
Ethereum is -0.1% at $3019
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CRWV +9.6%, higher on Nvidia
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EXAS +17.4%, Abbott Labs to buy Exact Sciences for around $21bn
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FCX +0.6%, with copper +1cent at $5.02
GOOGL +1.8%
HOOD +2.9%
INTC +1.7%
JOBY +2.9%
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LEU +6.0%, nuclear stocks pulled upward by Nvidia.
META +1.3%
MP +1.9%
MSTR +3.0%
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MU +2.3%
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NVDA +4.8%, Earnings in AH: EPS $1.30 vs 1.25est. Rev’ y/y +62.5% to $57.0bn vs 54.9est. Divi held at 1cent. The annual growth rate is unquestionably impressive.
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OKLO +4.9%
OWL +0.4%, another weak bounce attempt
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PANW -3.4%, earnings (Wed’ AH), EPS 93cents vs 89est. Rev’ y/y +15.7% to $2.47bn vs 2.46est.
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PLTR +3.4%
QBTS +3.6%
RCAT +3.8%
REGN +3.5%
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RKLB +4.3%
Another day… another launch
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SMR +7.7%, nuclear stocks pulled upward by Nvidia.
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TGT -0.2%
TIGR +3.3%, bouncing after a rough Wednesday
TSLA +2.1%
U +2.2%
UAL +0.8%
UEC +2.5%
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VIX -11.4% at 20.95
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WMT -1.1%, EPS 62cents vs 60est. Rev’ y/y +5.8% to $179.5bn vs 177.4est. COMPS +1.8%. Positive guidance.
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XPEV +0.4%
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Overnight markets
Asian markets were very mixed, whilst European markets are moderately higher…
Japan: +2.6% to 49823
China: -0.4% to 3931
Germany: currently +0.7% at 23330
UK: currently +0.4% at 9542
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Have a good Thursday