Good morning. US equity futures are leaning upward, SPX +27pts, we’re set to open at 7627. USD is +0.03% at DXY 99.82. The precious metals are broadly higher, Gold +0.3%, with Silver +1.8%. WTIC is -0.6% at $79.82.
sp’60min
WTIC, daily
Oil is choppy, if mostly leaning weak. Daily momentum has turned negative, and offers at least another day or two lower.
—
Summary
Yesterday saw equities power upward across the day, with the SPX just 10pts shy of the 7620 historic high. S/t momentum settled on the very high side.
Overnight futures have been leaning on the upward side, partly helped by other markets, and also further earnings from PLTR and CAT.
As things are, the SPX is set to open +25pts or so… we’re set to break a new hist’ high, which will make it a net bullish week/month.
—
Early movers
AG +2.2%
AMD +4.7%, earnings due in AH
–
AMZN -2.3%
ASTS +5.0%
–
CAT +9.1%, EPS $8.17 vs 5.71est. Rev’ y/y +22.8% to $20.5bn vs 18.3est.
–
COIN +0.7%
Bitcoin is +0.6% at $63k
–
DD -4.0%, EPS $1.88 vs 1.76est. Rev’ y/y +4.0% to $1.81bn inline
–
GOOGL -1.3%
INTC +4.8%
LAC +3.0%
–
MCD +1.6%, EPS $3.38 vs 3.32est. Rev’ y/y +3.8% to $7.09bn vs 7.12est
–
META -2.4%
MP +4.9%
MRVL +8.2%
MSFT -1.9%
–
MPC +1.0%, EPS $17.73 vs 13.73est. Rev’ y/y +53.5% to $52.3bn vs 42.1est.
–
MU +3.9%
NEM +0.9%
NKE -3.3%, JPM, neutral>underweight, 47>40
–
NOK +4.9%
NVDA +1.3%
ONDS +2.5%
–
PLTR +14.9%, earnings were good… EPS 41 cents vs 35est Rev’ y/y +56.7% to $1.93bn vs 1.80est. The valuation is nearing an FPE of 100
–
RKLB +2.9%
SKHY +4.0%
SMR +1.8%
SNAP +5.5%, post earnings gains
SNDK +5.3%
SPCX +3.3%, earnings due in AH
–
SPOT -5.0%, EPS $3.03 vs 3.29est. Rev’ y/y +16.8% to $5.5bn vs 5.6est.
–
STX +4.7%
TSLA +0.5%
–
VIX -1.3% at 15.65
–
WDC +5.8%
–
WIX +3.9%, EPS $1.39 vs 1.16est. Rev’ y/y +14.9% to $563M vs 554est
–
WMT -1.3%, Oppenheimer, outperform>perform
XOM -0.4%
—
Overnight markets
Asian and European markets all leaning upward…
Japan: +0.3% to 63957
China: +0.3% to 3822
South Korea: +1.6% to 6358
–
Germany: currently +0.6% at 26170
France: currently +0.1% at 8625
UK: currently +0.4% at 10899
—
Have a good Tuesday