US equity indexes are mixed, with the Dow and Trans a little weak, whilst other indexes are a little higher. VIX is churning the 19/18s. WTIC has cooled from $72.34 to $70.20.
sp’60min
VIX’60min
Summary
Its 11am… and the bears will have opportunity to knock the market lower into mid afternoon. Most bearish case is orange gap, before resuming upward into election night.
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notable Dow component: HON
Market appears annoyed with the marginal rev’ miss.
EPS $2.58 vs 2.50est. Rev’ y/y +5.6% to $9.7bn vs 9.9est.
Momo due to turn neg’, bodes a problem into next week.
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notable weakness: IBM
Earnings were arguably ‘fine’. The core problem is lack of any sig’ growth.
EPS $2.30 vs 2.23est. Rev’ y/y +1.5% to $14.97bn vs 15.08est.
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notable health: MOH
Earnings were pretty good…
EPS $6.01 vs 5.94est. Rev’ y/y +21.0% to $10.3bn vs 9.9est.
Baird maintain ‘outperform’, if 405>331
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notable stock: ASTS
Contract with ‘Space Development Agency’… an effective US Govt’ contract.
time for lunch