June 4 Friday - Summary
Stocks SPY+0.9%, Bond TLT+1.4%, EEM+0.9%, Small IWM+0.4%, SpecT ARKK+2%
May Jobs: 559k (expected 675k), mostly leisure & hospitality. Wages+0.5%, e0.2%.
USD falls, bonds soar, as Fed will likely stick to very slow removal of stimulus:
QE taper announcement likely by Aug 26 Jackson Hole, or Sept UI jobless taper.
Crypto hurt by Musk's breakup song tweet: BTC-4% ETH-3% DOGE-2%. Memes cool: AMC-7% GME-4% BB-13%. SQ+1%. TSLA+5%. COIN-2% RIOT+3% SI+2%.
MOS-4% Mosaic part closes flagship CA potash mine early; fertilizer prices soar.
Earnings Movers by impact: Tech XLK+1.9%: From y'day: Broadcom AVGO+2%. Crowdstrike CRWD-4% despite beat & raise. DocuSign Docu+20%: big beat (estimates) & raise (guidance). MongoDb Mdb+16%. Work+1%. cien+7%. sapif-4%. asan+7%. saic+2%. pd-13%. sumo+7%. scwx-4%. Consumer Cyclical XLY+0.8%: hoft+10%. From y'day: Lulu+4%. five+7%. chpt+7%. dooo+3%. zumz+6%. conn-5%. hov-7%. Healthcare XLV+0.3%: From y'day: coo-1%. phr+9%. Industrials XLI+0.3%: hurc+10%. From y'day: ttc-1%. swim-2%.
[& Communication Service XLC+1.4%. Consumer Staples XLP+0.4%. Energy XLE+0.7%. Materials XLB+0.2%, Copper+1.6%, Lumber-3% limit, Iron-2%, Gold+1%. Financials XLF+0.3%. Utilities XLU-0.2%. Property XLRE+0.1%.]
World Stocks' Quarterly EARNINGS: Jun4Fri: r0 $50B MktCap (value):
tatn. bharFo) hoft, hurc, (Quiet 1/2 of the Quarter's earnings, has started.)
Fri turnover leaders: $250B~ value:
AMC TSLA NVDA AAPL AMZN MSFT FB DOCU GOOG GOOGL F BB MRNA BA AMD SQ BABA ZM NIO BAC CRWD NFLX RBLX CRM JPM GM XOM ABNB NUAN ORCL INTC UNH V AVGO DIS C JNJ KO PYPL MU UPST FUTU PLTR MVIS T MDB BRK.B LEDS GS MRK AMAT PG QCOM TAL GME COIN LULU GE WFC BIIB BIDU MA HD ADBE PLUG LOW ABT TMO UAL PFE BNTX SHOP CVX NOW SNAP TWTR LMT TGT NKE AAL PTON NXPI VZ TLRY COST PBR ROKU FCX LRCX TSM WMT CMCSA SENS PEP FDX INTU SNOW CSCO TXN JD UPS CCL MS EBAY WKHS PDD LLY TWLO SPCE AXP TRGP UBER NVAX BMY BBIG NOC TMUS SBUX PSTH MDT SLB XPEV DHR COF TFC AMT OXY ABBV VALE IBM DE X MELI EQIX CAT VIAC PMBYND AMGN EDU NEE SCHW TIGR GILD LIN ADI REGN CVS COP NCLH FISV BKNG MMM ISRG BBBY MCD UNP CMG TJX ETSY WINT BP RTX OKTA SPGI NEM DAL MOS NCTY ASML MRVL DASH DLTR HPQ EH DG WDAY VRTX FIVE TDOC ZS ZBH AON CI LVS MOPXD ACN KMB GOLD ADSK DVN TDG DKNG AHT PINS SPLK CL CCIV PLD
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June 3 Thursday - Summary:
Stocks SPY-0.4%, Bond TLT-0.4%, EEM-1.1%, Small IWM-0.8%, SpecT ARKK-0.2% - overnight Asian/FX weakness, then bounce on encouraging tax negotiations.
ADP 978k (e675k), hints at Friday NFP Jobs: expected 720k. ISM Service 64 (e63).
Tech fears impacts of US announcing more national security CN company bans.
AMC-17% $37-$68 range, $30B turnover: vs $26B MktCap: larger than the entire movie industry ever, and impossible to grow into, in an era of online streaming; share sale disclaimed that stock value is disconnected from AMC business. CNK-8% Cinemark is a more valuable stronger business, but only $3B MktCap. (Short sellers fear flashmob option gamma squeeze; SEC fears backlash if it acts.) Other meme stocks cool: GME-9% BBBY-28% BB+4% KOSS-25%. SQ-4%. TSLA-5%: CN sales -50%. Retail into Crypto: BTC+4% ETH+1% DOGE+3%; COIN-3% RIOT-6%.
F+7% Ford: highest in 6 years, on monthy deliveries, and F150 eTruck popularity. Auto sector also pushes highs: GM+6% TM+2% HMC+2% BWA+2% TEN+15%.
Oil= fell on weekly inventories, but bounced on continued likely Iran deal delay.
DAL-3% UAL-3% AAL-3% despite supportive guidance and expanding jet fleets.
FEYE-18% sells its FireEye cybersecurity products business to Symphony Tech Group for $1.2B, to rebrand as Mandiant: AI Threat Intelligence core focus.
eToro will SPAC-merge with FTCV, expected $10B MktCap; monthly data today.
Earnings Movers by impact: Tech XLK-1%: Broadcom AVGO-2%> =After Hours. Crowdstrike CRWD-2%> =AH. DocuSign Docu-3%> +6%AH. Slack Work=> =AH. MongoDb Mdb-6%> -5%AH. cien-7%. sapif-7%. asan=> +10%AH. saic=> +1%AH. pd-3%> -5%AH. sumo-2%> -4%AH. scwx+12%. From y'day: Splk-10%. Ntap+2%. Pags+4%. Ai-10%. Estc+10%. gwre+4%. smar+3%. ncno-1%. dsgx+5%. smtc+5%.
Consumer Cyclical XLY-1.2%: Lulu-1%> =AH. five-1%> +8%AH. chpt-4%> +2%AH. dooo-5%. zumz=> +6%AH. conn+27%. hov-14%. From y'day: Aap=. home=. le+6%.
Healthcare XLV+0.3%: Coo=> =AH. phr-2%> +5%AH. Industrials XLI-0.2%: ttc-3%. swim-3%. From y'day: dci+2%. Consumer Staples XLP+0.6%. sjm+1%. From y'day: -3%. Communication Service XLC-0.7%: From y'day edr-1%.
[& Energy XLE+0.3%. Materials XLB=, Copper-3%, Lumber-1%, Iron+2%, Gold-2%. Financials XLF+0.2%. Utilities XLU+0.6%. Property XLRE-0.2%.]
World Stocks' Quarterly EARNINGS: Jun3Thu: r4 $450B MktCap (value):
AVGO' CRWD' Lulu' Docu' Work' Coo' Mdb' sjm, ttc, cien, sapif, five' chpt' asan' saic' swim, pd' coalIn) pnn. apoHos) mfon. dooo phr sumo scwx zumz nx hov wkp. fgp. conn idt joan dlth npce expr tlys ngl tour msb)
-TIMING KEY: )Asia .Eu ,UsAM ‘UsPM -RANK: MarketCap x ~%Adjustments
Thu turnover leaders: $250B~ value:
AMC,,, TSLA, NVDA AAPL BB' AMZN MSFT FB F' BABA BA NIO GM' AMD WKHS// JPM GOOG GOOGL GME,, BAC NFLX MRNA C TLRY' ABNB, HFC SQ, PG V T ABT BIDU, PYPL TWTR BBBY,,, XOM INTC MU BRK.B MRK CRM GS PLTR, AMAT TMO RBLX, TAL,, UPST' ZM DIS CRWD ORCL SHOP KO JNJ PDD, SPCE AAL, CVX AVGO MA WFC CSCO UNH SNAP, JD EDU,, ROKU, PLUG GE QCOM PTON, WMT SNOW FCX, HD SPLK,, VZ UAL, DHR TXN NXPI, VIAC ADBE MCD LRCX CCL MS SLB TGT UBER, COIN ABBV TWLO, CTSH PBR BYND, PEP COST PFE NKE INTU LOW BKNG NEE CHTR TMUS LMT SBUX LLY OKTA LULU CMCSA IBM MDT VALE LUV, SCHW TSM XPEV OXY DOCU EQIX SPGI SYNH ETSY, NOK NEM FIS HON DAL, NVAX FUTU UNP BMY GTT// COP GOLD, TJX KMB ESTC/ PLD MPC LI DE LIN AMGN CAT FISV AEP EBAY UPS BEKE SVC GILD AI,, NOW PXD NCLH ECL CI LEDS// DLTR CLOV CCIV QS ACN X FEYE,,, FSR'' COF TDOC, DASH, ADI DG DKNG ASML CVS AMT W AXP FDX ADSK ALXN CMG MELI MMM AON KLAC LB, WYNN, TFC BP WDAY BILI, SKLZ PANW RTX ATVI AHT,,
-Key: ^4%' ^9%/ ^20%// ^50%/// ^150%//// v3%, v8%,, v18%,,, v35%,,,,
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June 2 Wednesday - Summary
Stocks SPY=, Bond TLT+0.2%, EEM+0.2%, Smallcap IWM=, SpecTec ARKK-25=.
Calm holiday market. Fed ends a minor corporate bond buying program.
Beige Book noted supply chain price pressures. Harker wants taper talk.
Thursday's ADP jobs presages Friday's big NonFarm Payroll Jobs data.
AMC+100%: meme liquidity bubble balloons unchecked: now $28B MktCap,
$50B record stock turnover, 4 halts: launched "Investor Connect" for retail
investor base; offers perks/ popcorn. GME+13% BB+32% BBBY+62% SKLZ+26%.
BTC+5% ETH+8% DOGE+20%; COIN+1% GLXY+7% SI-1%; SQ-1%. TSLA-3%: recall.
Tech strength: NVDA+3%: BMO notes GPU growth; PLTR+6%, ABNB+5%.
FEYE-5%AH sells CyberSec products biz for $1.2B; Russians hack JBS, USAID.
SLB+8% guides up: energy supercycle; HAL+4% BKR+3% HFC+6% FTI+10%.
Etailer ETSY+7% pays $1.6B for UK vintage/used fashion clothes app Dpop.
(Helped by Boris Johnson's bride smartly hiring a £3k bridal dress for £45.)
Earnings Movers by impact: Tech XLK+0.7%: Splunk Splk+3%> -4%AH. Ntap=> -1%AH. Pags+5%> +3%AH. Ai+6%> -9%AH. Estc=> +10%AH. gwre=> +1%AH. smar+2%> +1%AH. ncno=> -2%AH. dsgx+1%> +2%AH. smtc-2%> +2%AH. From y'day: Hpe=. Stne+1%. mdla+10%. apps-4%. cldr-1%. amba-1%. can-2%.
Communication Service XLC-0.3%: edr-1%> -1%AH. From y'day ZM=.
Consumer Cyclical XLY-0.5%: Aap-2%. pvh-4%> +1%AH. home+1%. le+7%.
[& Energy XLE+1.8%, Oil+1.2%. Materials XLB-0.8%, Copper-1%, Lumber+5% limit, Gold+0.5%, iron=: Industrials XLI-0.3%: Healthcare XLV-0.2%. Consumer Staples XLP+0.4%. Financials XLF+0.2%. Utilities XLU+0.5%. Property XLRE+1.4%.]
World Stocks' Quarterly EARNINGS: Jun2Wed: r3 $250B MktCap (value):
Splk' Ntap' Rlx, Aap, Pags' Estc' gwre' pvh' ai' dci, smar' edr' ncno' cldr, smtc' dsgx' home, le, wizz. pwrGr) mothSu) nmdc) naukri) sail) spwh sptn amsc muds
-TIMING KEY: )Asia .Eu ,UsAM ‘UsPM -RANK: MarketCap x ~%Adjustments
Wed turnover leaders: $300B~ value:
AMC/// TSLA, NVDA AAPL AMZN BB// BBBY/// MSFT GME/ FB AMD BABA BA NIO GOOGL ABNB' PLTR' V GOOG ABT ZM MRNA' PYPL JPM RBLX SQ AAL' BAC BYND/ XOM DIS CRM MA PBR' C SHOP SKLZ// T F NFLX JNJ CCL' PG WMT GS INTC HD TMO SNAP BRK.B SLB' ROKU CVX VALE ORCL SNOW NVAX/ CNST/// SPCE UNH ABBV PTON BCTX/// VIAC TLRY/ AMAT BIDU ADBE MU WFC ETSY' MRK PDD OXY COIN RKT/ DHR QCOM KOSS/// CMCSA VZ CSCO PLUG LOW TGT PFE MDT MCD UAL JD COST GM AI FUBO/ NKE UBER DKNG BKNG PEP EBAY DE NOK' NUE, BEKE, TSM FDX MS FUTU, FCX KO AVGO BNTX' TJX XPEV TXN LRCX ACN INTU MVIS' NCLH CAT SBUX APPS, GE AXP TWTR W' NKLA// BP AMGN AHT/ QS/ UPS BILI SPGI EXPR// SCHW COF HON PETS/// CMG TMUS DVN UNP AMT PXD OCGN/ LI CCIV/ BMY DBX' SPLK NOW CRWD PLD MPC PINS LIN BSX, NEE DASH CHTR NEM X AON UPST/ DAL GILD OKTA RIOT MTCH EQIX PM GPN IBM LLY LMND' ASML MDLZ KMB RTX MELI TTD LMT BBY TAL, MMM FIS FISV BDX TWLO EDU, MRO SRE SYF WKHS// HUM NXPI ICE
-Key: ^4%' ^9%/ ^20%// ^50%/// ^150%//// v3%, v8%,, v18%,,, v35%,,,,
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June 1 Tuesday - Summary
Stocks SPY=, Bond TLT=, EEM+2%, Smallcap IWM+1%, SpecTec ARKK-0.7%.
Flat return after busy sunny Memorial Day holiday, and UK Bank Holiday.
After an early rally, stocks fell: 10ET ISM Manufacturing signalled inflation.
Oil+2% on OPEC+ meet, lifts DVN+14% MRO+14% APA+11% OXY+10% FANG+8%.
Cloudera CLDR+24% on $5B go-private Private Equity deal led by KKR=.
EVs lifted by Citi's NIO upgrade, and monthly NIO+10%, XPEV+8% deliveries.
AMC+23% on $230m equity raise, to bubbly $15B Mkt Cap; GME+12% BB+8%.
BTC-2% ETH+2% DOGE+10%; COIN+1% RIOT+8% GLXY-6% SI+1%; SQ= TSLA=.
ABT-9% guidance cut, hurt diagnostics QDEL-7% TMO-5% DHR-4% DGX-3%.
JNJ-2%: Supreme Court rejected talc-baby-cancer $2B class-action appeal.
Earnings Movers by sector/impact: Tech XLK-0.5%: Hpe+1%> -1%AH. Stne-1%> -2%AH. go-private. cldr+24%. can+22%. apps+2%. mdla-2%> +5%AH. amba+1%> +4%AH. From Fri: plus-2%. Communication Service XLC=: Zoom Video ZM-1%> +2%AH. Consumer Cyclical XLY-0.2%: From Fri: cal+11%. hibb+4%. Healthcare XLV-1.7%: Canopy (weed) CGC-7%. [& Energy XLE+4%, Oil+2%. Materials XLB+1.4%, Copper=, Lumber-3%, Gold-0.3%, iron+9%: Industrials XLI+0.4%: Consumer Staples XLP-0.3%. Financial XLF+0.6%. Utilities XLU-0.6%. Property XLRE+1.7%.]
World Stocks' Quarterly EARNINGS: Jun1Tue: r3 $300B MktCap (value):
ZM' CGC, Hpe' Bns, Stne' itc) cldr, apps' mdla' amba' momo, lx, can, rket. cmre qtt qtnt kirk lizi litb iti ctic oesx bel) bhel) supermx)
-TIMING KEY: )Asia .Eu ,UsAM ‘UsPM -RANK: MarketCap x ~%Adjustments
Tue turnover leaders: $250B~ value:
AMC// TSLA AAPL AMZN NVDA MSFT BABA NIO/ FB AMD BA PDD/ GOOGL ABT GME/ ABNB GOOG TMO, ZM CRM BAC OEG/// JNJ XOM JD' DHR, JPM SQ PYPL SHOP GS CROX DIS PG RBLX F NFLX C AMAT PLTR SNAP INTC BYND, T V CLDR// MRK BIDU DVN/ MA HD MRNA CCL CVX ADBE VTNR/ WMT FCX BRK.B SPCE, CMD QCOM COIN MU BB/ VALE PFE SNOW TSM FUTU' AAL UNH AMGN NUE' MS ASML TXN UAL UBER WFC VZ ORCL CSCO PEP LRCX COST NOW ROKU OXY/ LOW PTON TGT TWTR NKE XPEV' ABBV PLUG BKNG KO GE AVGO MDT MRO/ COF STE CMCSA PBR' NEE CRWD WDAY AXP GM LLY CAT MCD MELI BILI' COP' BMY AI// DAL NCLH OKTA GPS DE TMUS AON SPGI DKNG CVS HON SLB. BP TWLO ALXN UPST CB WPG/// SPG' SBUX ADI FISV CCIV/ UNP CMG VIAC FTCH LH, NXPI ACN PXD' SCHW HPQ CL ANTM BDX PINS NEM AMT X DELL' GILD LIN CHTR RIOT' GOLD W BEKE' DLTR LULU ICE ISRG INTU TAL TDOC EL LI MHK ETSY FDX TLRY UPS MPC LYFT TJX EDU' CNI RTX CVNA AZN TTD RCL EA SYK TFC ULTA DOCU AAP RIO MDLZ
-Key: ^4%' ^9%/ ^20%// ^50%/// ^150%//// v3%, v8%,, v18%,,, v35%,,,,