US equities open on a positive note, with the SPX printing a new hist’ high of 7793.
sp’60min
VIX’60min
Summary
ADP jobs: 44K vs 95k (prior rev’ from 98K)
Bad news is good news?
We’re s/t overbought… but you’d arguably be krazy to short it this side of the foldable iPhone.
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notable stock: AMD
Earnings were good…
EPS $1.66 vs 1.61est. Rev’ y/y +50.1% to $11.53bn vs 11.28est.
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notable stock: SPCX
Earnings were better than expected…
EPS -9cents -24est. Rev’ y/y +91.9% to $7.81bn vs 6.93est
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notable defense: KTOS
Earnings showed improvement…
EPS 21cents vs 14est. Rev’ y/y +30.5% to $458M vs 410est.
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notable stock: DIS
Earnings were reasonable…
EPS $2.06 vs 1.86est. Rev’ y/y +6.8% to $25.24bn vs 25.40est.