Good morning. US equity futures are broadly flat, SPX u/c, we’re set to open at 6005. USD is +0.1% at DXY 98.97. The precious metals are leaning upward, Gold +0.3%, with Silver +0.1%. WTIC is +0.5% in the upper $65s.
sp’60min
Summary
Yesterday was very subdued, if with the SPX still printing a new cycle high of 6021. The closing hour saw cooling to settle at 6005, with s/t momentum settling fractionally negative.
Overnight futures have been subdued, we’re set to open broadly flat. I’d be open to a full fill of orange gap before the weekend.
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Early movers
AG +1.6%
ASTS -1.2%, to join the Rus’1000 as of June 27th
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CASY +10.4%, earnings (Monday AH), EPS $2.63 vs 2.01est. Rev’ y/y +10.9% to $3.99bn vs 3.93est. Seeking to open 80 new stores in fiscal 2026
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CBRL -3.3%, $275M convert’ corp’ debt offering
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COIN +0.7%
Bitcoin is -0.4% at $109K
XRP is -2cents at $2.30
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CNM -3.0%, EPS 52cents vs 50est. Rev’ y/y +9.8% to $1.91bn vs 1.85est.
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CRCL +3.0%
FCX u/c, with copper -3cents to $4.89
JOBY -1.2%
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MCD -1.2%, Redburn, buy>sell, 319>260. I had noted a natural target of 250 just yesterday.
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MRNA -0.7%, as RFK fires all 17 members of the CDC vaccine advisory board
MU +1.1%
NVDA +0.3%
NVO +2.5%
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OKLO -1.5%
ONDS -13.7%, stock/warrant offering. Size unknown
PLTR -0.7%
PLUG +9.0%, CFO bought stock recently
RUM +3.8%
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SJM -7.9%, EPS $2.31 vs 2.24est. Rev’ y/y -2.9% to $2.14bn vs 2.18est.
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TMC +5.1%, buying Sony back Ximlaya for $2.4bn
TSLA +2.2%
TSM +1.7%
UMAC +5.3%
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UNFI +4.1%, EPS 44cents vs 21est. Rev’ y/y +7.5% to $8.1bn vs 7.8est.
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VIX +0.9% at 17.31
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XOM +0.5%
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Overnight markets
Asian and European markets are moderately mixed…
Japan: +0.3% to 38211
China: -0.4% to 3384
Germany: currently -0.4% at 24085
UK: currently +0.4% at 8869
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Have a good Tuesday