Wednesday 7 June 2023

10am update - opening chop

US equities open a little choppy, if mostly leaning upward. VIX breaks a new multi-year low of 13.90. USD is -0.3% at 103.74. US 10yr 3.70%.

sp'60min

VIX'60min

Summary

*god damn server issues... again. Someone out there I annoyed?
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The baby bear flag... negated. S/t momentum prone to turning positive this afternoon... and that would likely equate to the sp'4300s.

notable stock: TSLA

I see news that Musk won a court case regarding Tesla's purchase of Solarcity.
I'm not aware if that is why the stock is higher this morning.

notable stock: NFLX


Mostly higher on Wells Fargo, 400>500, who are hopeful of higher ad' rev'
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notable strength: PLTR


The s/t hysteria continues, fueled with news Palantir has a deal with Panasonic.

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notable retail: CASY

Earnings (Tues' AH) EPS $1.49 vs 1.64est. Rev' y/y -3.8% to $3.3bn vs 3.4est. Dividend raised 13% to 43cents. The latter is surprising... and arguably a desperate measure to prop up the stock price.