Good morning. US equity futures are fractionally lower, SPX -5pts, we’re set to open at 6113. USD is -0.4% at DXY 107.48. The precious metals are broadly higher, Gold +0.8% (printing $2786), with Silver +1.4% (printing $31.46). WTIC is +1.0% in the low $75s.
sp’60min
Summary
Yesterday saw micro chop for much of the day, but with a mini ramp in the final 15mins, to settle at a new hist’ high of 6118. S/t momentum settled marginally negative.
Overnight futures have been subdued, we’re set to open fractionally lower, -5pts. It won’t take much to see indexes turn positive… to break yet another new hist’ high, with the s/t cyclical setup favouring the bulls.
Yours truly is inclined to do nothing until next Friday, when I’ll look to drop Intel after earnings.
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Early movers
AAPL +0.7%, BofA, buy, 256>253
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AFRM +4.1%, expands partnership with Liberty Mutual
AG +1.6%
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AXP -3.8%, EPS $3.04 inline. Rev’ y/y +8.7% to $17.17bn vs 17.15est. Divi 70>80cents
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BA -1.4%, prelim’ earnings
CF -3.2%, various downgrades.
CLF +0.5%
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COIN +2.1%
Bitcoin is +1.5% at $105465
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CSX -3.1%, post earnings depression
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ERIC -9.9%, EPS 13cents vs 19est. Rev’ y/y +0.25% to $6.76bn vs 6.92est.
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FCX +0.3%, with copper +4cents to $4.36
GOLD +0.8%
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HCA -2.3%, EPS $6.22 vs 6.13est. Rev’ y/y +5.7% to $18.29bn vs 18.23est. Divi’ 66>72cents. Buyback $10bn
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ISRG -2.2%, post earnings depression
MSTR +2.2%
NVO +14.2%, data suggesting its developed a better weight loss drug.
PFE -1.6%
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SMR -1.5%
STLD +2.6%, Jefferies, hold>buy, 125>145
TSLA +0.9%
TWLO +17.5%, prelim’ earnings/guidance
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TXN -3.9%, post earnings depression
UNG -2.3%, with Natgas $3.85
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VIX -0.9% at 14.97
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VZ -0.4%, EPS $1.18 vs 1.06est. Rev’ $35.70bn vs 35.30est.
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Overnight markets
Asian and European markets ending the week a little mixed…
Japan: -0.1% to 39931
China: +0.7% at 3252
Germany: currently +0.3% at 21468
UK: currently -0.4% at 8534
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Have a good Friday