Good morning. US equity futures are very significantly higher, SPX +60pts, we’re set to open at 3503. USD is -0.7% in the DXY 92.68s. The precious metals are significantly higher, Gold +$18 (printing $1924s), with Silver +3.4% (printing $24.84). WTIC is -0.4% in the $38s.
sp’60min
Summary
Yesterday saw very significant gains, although the afternoon did see some distinct cooling. S/t momentum peaked in late morning, and ticked lower into the close.
We’re set to open very significantly higher, largely helped by other world markets. The cooler dollar is also giving almost everything an extra kick upward.
With an FOMC announcement due at 2pm, we could expect the market to enter a holding pattern, especially from around 11am onward.
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Early movers
AAPL +2.8%
AMD +2.8%
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AMRN +1.2%, EPS 1cents inline. Rev’ $156M vs 154est.
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AMZN +2.1%
BA +1.0%
BAC +0.7%
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BABA -2.9%, EPS RMB 17.97 vs 13.75. Rev’ y/y +30.3% to RMB 155bn inline. As ever, this is to be seen as the retail arm of the CCP, and data is to be treated as suspect.
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BIIB -1.3%, Leerink 342>402
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BMY +2.0%, EPS $1.63 vs 1.49est. Rev’ y/y +75.5% to $10.5bn vs 10.3est. Rev’ jumped due to the Celgene purchase. v
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CAT +1.0%
CCL +1.3%
CGC +7.0%, new product line. S/t hysteria
CRSR +3.5
CRON +6.5%, post earnings jump
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DIS +1.4%
DKNG +4.1%
FB +2.7%
FCX +1.4%, with copper -2cents to $3.08
GDX +2.6%
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GOLD +2.3%, EPS 41cents vs 32est. Rev’ y/y +32.2% to $3.5bn vs 3.4est. Div’ 9cents vs 8 prior. Broadly very good.
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GM +5.7%, EPS $2.78 vs 1.38est. Rev’ y/y u/c at $35.5bn vs 35.3est. Broadly… fine
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GOOGL +2.7%
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HBI -14.5%, EPS 42cents vs 39est. Rev’ y/y -3.1% to $1.8bn vs 1.7est. Guidance below consensus, and the market isn’t happy with the latter!
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IBB +1.6%
LYFT +1.5%
MSFT +2.8%, Oppenheimer $260
MTCH +3.4%, post earning jump
NEM +2.1%
QCOM +14.5%, post earnings jump
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TEVA -1.7%, EPS 58cents inline. Rev’ y/y -6.2% to $4.0bn vs 4.1est. Guidance inline.
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TSLA +1.9%
TLT +0.7%, yields still cooling, ahead of the fed.
TWTR +0.8%
UAL +1.0%
UBER -1.5%, earnings due in AH
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VIX -9% in the 26s
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WFC +0.5%
WYNN +1.5%
ZM +3.2%
ZNGA -4.8%, post earnings drop
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Overnight markets
Asian markets were very significantly higher, with European markets broadly higher…
Japan: +1.7% at 24105
China: CLOSED
South Korea: +2.4% at 2413
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Germany: currently +1.6% at 12516
France: currently: +1.1% at 4975
UK: currently +0.3% at 5899
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Have a good Thursday