US equities open on a positive note… clearly ‘inspired’ by yet another tariff related headline. As I’ve noted for some time… such sporadic gains AND declines can be expected for… years. However, there is an opening reversal underway.
sp’60min
VIX’60min
Summary
SPX… marginal new high, but those hoping for massive gains on the tariff news will be rather disappointed. S/t momentum remains due to turn negative… later today.
Those looking to buy/add, will arguably wait until next Mon/Tues’.
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notable stock: NVDA
Earnings were fine…
EPS 81cents vs 88est. Rev’ y/y +69.2% to $44.1bn vs 43.2est.
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notable Dow component: CRM
Earnings were fine…
EPS $2.58 vs 2.55est. Rev’ y/y +7.6% to $9.83bn vs 9.75est.
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notable stock: JOBY
Those wanting to jump aboard… will be waiting for (at least) a tag of orange gap.
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notable space: KRMN
Buying ‘Industrial Solid Propulsion’. No terms issued.
Karman itself looks pretty good for the l/t, with the big money favouring this over the smaller RKLB, ASTS, LUNR