Good morning. US equity futures are leaning upward, SPX +15pts, we’re set to open at 6460. USD is -0.35% at DXY 97.59. The precious metals are broadly higher, Gold +0.4%, with Silver +1.6%. WTIC is -0.7% in the mid $62s.
sp’60min
Summary
Yesterday saw the market open a little shaky, but then climb across the day, printing a new hist’ high. S/t momentum settled on the moderately high side.
Overnight futures have been leaning upward, we’re set to open +10/15pts. We’ve three s/t downside gaps… and those are going to be resolved, if not until the flip side of Labor day.
Stray thought… Trump-Putin (+Zelensky?) in Alaska this Friday, merits increasing attention.
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Early movers
AEO +1.0%
ALB +3.2%
AMD +1.2%
BABA +3.2%, US-China trade truce
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CAVA -24.6%, post earnings horror
CLF +0.9%
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COIN +1.2%
Bitcoin is +0.5% at $120K
XRP is +1cent at $3.28
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CORZ -4.8%
CRCL -1.9%, secondary stock offering
CRWV -9.0%, post earnings upset
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DNN -8.8%, increases a convert’ corp’ debt offering to $300M
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EAT +8.8%, EPS $2.49 vs 2.45est. Rev’ y/y +21.0% to $1.46bn vs 1.44est.
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EXK -8.9%, EPS -3cents vs +1est. Rev’ y/y +46.3 to $85M vs 84est. Still losing money… with silver yet to climb >$40
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FCX +0.7%, with copper u/c at $4.52
INTC -0.7%
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LAZR -18.3%, earnings (Tues’ AH), EPS -$1.49 vs -1.18est. Rev’ $15.6M vs 17.3est.
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LEU -5.8%, $650M convert’ corp’ debt offering.
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ONDS -17.2%, secondary stock offering. Size not disclosed. Another company raising money, whilst ‘the going is good’. Who can blame them?
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NEM +0.7%
PAAS +1.1%
PLTR +0.9%
SMR +2.3%
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TGT -1.5%, Cowen, hold, 105>100
TSLA +0.4%
UNH +1.2%
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VIX -1.5% at 14.51
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Overnight markets
Its broadly positive out there…
Japan: +1.3% to 43274… a new hist’ high.
China: +0.5% to 3683
Germany: currently +0.8% at 24219
UK: currently +0.1% at 9159
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Have a good Wednesday