April 30 Friday: Market Summary:
SPY-0.6%: Month-End tiny pullback from highs, despite tech and EMs cooling.
Cool price action feeds "peak growth" fear, yet analyst catchup upgrades abound.
Despite 1/3 of global earnings this week, S&P is exactly flat near All Time Highs.
Next week: ISM, NFP Jobs; UK AU CA NO TR rate decisions. Smaller earnings.
TLT+0.3% Bonds quiet, GLD-0.3%: ECI Wages & PCE-PI (~CPI) beat consensus.
Kaplan (hawk, but non voter until 2023) repeated his preference for taper soon, (But Chair Powell leads FOMC consensus that system leverage is acceptable, and stimulus is needed until laarge jobs gains, and inflation holds over 2%.
The Fed has long been more concerned about avoiding JP-like deflation risks, as tech and EM industrialisation drives tech goods prices softer in the long term.)
EEM-1.7%: HK EWH-2%: CN PMIs missed; FinTech regulations will hit techs.
INDY-2% Indian virus tragedy continues to drag Oil. Smallcaps IWM-1.3%.
AAPL-1.5%: EU Commission antitrust action started by Spotify SPOT-4%.
TSLA+5%. BTC+7%, COIN+1%, RIOT+4%, MARA+7%. Meme stock OCGN+6%
Earnings movers: Tech XLK-1.3%: BABA-1%, AMZN=, SWKS-8%, TWTR-14%, DXCM-14%, TEAM-3%, DLR+3%, FTNT+4%, ZEN-2%. Chips: KLAC-4%, WDC-1%, CRUS-14%, STM-5%. Many weak, even after earnings beats and raise of guidance.
H/C XLV-0.3%: AZN+3%, RMD-8%, VRTX+3%, ABBV+1%, GILD-0.5%, HRC-4%.
XLF-1%: BARC-5%, BNP-2%, BBVA+1%, CBOE+2%, LPLA+2%, AON+5%, LAZ-2%.
Energy XLE-3%: XOM-2%, CVX-3%; IMO+5%, PSXP-5%, HP-8%; COG-2% NatGas. Chemicals: LYB-3%, RIGD-1%. CICOY-4% shipping. JCI-2%, WY-2%, CLX-2%, FSLR-12%, GT-4%, CRI+6%, MVIS-22%, a meme stock.
World Stocks' Quarterly EARNINGS: Apr30Fri: $6,000B MarketCap (value):
BABA!) XOM, CVX, RIGD) BARC. BNPqy. BBVA. ITW, CL, ABBV. AZN. CHTR Toely) Midea) Foxcon) DBSdy) Kmtsuy) Saf. Wy, Clx, Alxn, Gww, Jci, Lhx, Psx, Cboe, Aon. Lyb, imo, qsr, e. schn. sgre. sren, Cicoy) foshanHa) cypc) hrhsf) hocpy) bcmxy) chcjy) snyyf) mitsy) japay) induBk boeT) saicM) araw) muyuan) laoj) pudo) bjShiR) weicy) ccohf) cmaky) cnicf) Htsc) lsrcy) yihK) wpc, nwl, impuy. ebkdy mtx. kpn. sk3. svcbf. swmay. bsac, vtbr. tkc. polyD) crrc) bjKi) nariT) crwof) nwwcf) airyy) 4fg) wingtec) bkShi) aeccAv) shaanxiC) 2x2a) zlioy) gnzuf) znh) casbf) cbumy) monoy) gujing) shiPo) montageT) opein) sgH) bkBj) huaX) bkNan) avicS) jonhon) cea) cgl) cnShipC) 188h) sanhua) 6cz) hualan) liuhe) changan) founderS) 0ec) yzc) hrc vst psxp hun besi. light. shlx wch. nhmaf) avary) cnSat) baotou) junshi) sdicP) cnRsMc) avicX) guoxinM) 6mt) cnIndSc) orientSec) indusBk) mgp laz avnt por gt pnm bcpc moex. tkc. sso. ror. kog. hmsy usm geld hp tds b mog abr pipr imgn pbi aroc wetf msgn ofix slca asix kop rev siga hmtv eex pfs yesBk) whf irmd plpc nwhm laz avnt gt b pipr fnma wetf aroc jeld mog hp pbi
-TIMING KEY: )Asia .Eu ,UsAM ‘UsPM -RANK: MarketCap x ~%Adjustments
Fri turnover leaders: $300B~ value:
TSLA AMZN AAPL FB MSFT GOOGL TWTR GOOG NIO AMD NVDA BTX BA V NFLX BABA OCGN SHOP JPM INTC XOM NOW FISV MRNA C PYPL BAC MA WFC QCOM SQ SNAP JNJ DIS CVX BRK.B SWKS MRK IBM MU PG UPS CMCSA ABBV VXRT CRM AMAT TXN MVIS PFE DXCM ROKU BMY F AON HD CSCO TMO T ADBE VZ PFPT PINS CHTR UNH TSM WMT UBER AVGO GM PTON VIAC LOW AMGN CLX UNP GILD BIDU AZN CAT MARA BKNG KO LRCX COST WDC PLUG MS GME NKE SBUX VALE GS PEP TEAM TDOC NXPI ZM AAL FSLR BNTX GE RIOT PDD XLNX ETSY NEE ADI ABNB MDT UAL LYFT DKNG ATVI CCL MCD ORCL NUE ALXN CL TWLO ABT SPGI NVAX COF ACN VRTX NCLH PLTR LLY CBX FTNT EBAY MO BSX SPOT TMUS MDLZ JCI WLTW FDX FCX DHR DHI EL WDAY SCHW LIN JDCOP BILI ENPH PMW CVS RTX WY HON NSC CSX NOC KLAC STX DE ON SNOW XPEV DAL BDX MELI CRWD LMT AXP O FIS MRVL ALGN CMG USB FIVN ZEN OXY ILMN ZTS ASML ORLY OMF MSTR SLB OSTK NET FUTU TLRY VER TTD CRUS COUP CRI NOK
===
April 29 Thursday: Market Summary:
SPY+0.6%: Tech earnings boom rescued a profit-taking day from record ATHs.
TLT-0.3%: Drragged by hotter SP,DE CPI's 2-4ET cooling DE30Yr Buxl-1%; then US Advance GDP 830ET was in-line; but Pending Home Sales 10ET was cooler than expected, bouncing Bonds 0.6% from day lows, helping tech QQQ+1.2%.
Weekly Jobless was in line. A better indicator for NFP Jobs, is ADP next Weds.
EU Autos -3% led EU Stoxx weakness; but soon after EU closed -0.8%, US stocks bounced 1% off 12ET lows, back into the green started by Biden's bullish 1 hour address overnight. XLF+1.8% financials rose on more rotation to value. XLE+1.1%: Oil+1.7%. LME Copper-0.5% tested $10k, Lumber+3%. EEM-0.3%, IWM-0.4%.
On Friday: CN PMIs; 830ET PCE-PI deflator and ECI wages: inflation readings.
TSLA-3% on KR chip shortage fault. BTC-3%. RIOT-8%, MARA-9%, COIN-1%.
LYFT-10%, UBER-6%: Labor Secretary Walsh wants to class gig workers as employees. VZ+1.5% Verizon exploring $5B asset sales from AOL, Yahoo.
Equal biggest earnings day of the Quarter: same $11T as yesterday (10% each), but with a larger number of key stocks (marked with capitals below). Impossible for analysts and investors to parse such a data flood; this forces prioritization.
Earnings movers: XLC+2.8% Communications Services was boosted by FB+7% on ad price hikes, but Twitter TWTR-10% AH. AAPL= saw profit-taking from +2%.
Chips: CREE-14%, QCOM+4%. AMZN+4%AH, strong ecommerce /cloud. Other tech: Samsung SMSN-1%, NIO-5%, NOK+11%, NOW-9%, EBAY-10%, OSTK+5%, TEAM-3%, CTXS-7%, TDOC-9%, ZEN-4%. InfraTech WEX-6%, EEFT-4%. CMCSA+4% WiFi. ADS+10%. Ford F-9%. Tractor maker AGCO-5%. TPX-5%.
Healthcare XLV-0.5%: led by BMY-5%, MRK-4%, TMO-4%, ABMD-8%, TFX-6%.
Food rally: MCD+4%, KHC+4%, HSY+3%, DPZ+3%, TAP+7%. NEM-3%, Gold-0.5%.
World Stocks' Quarterly EARNINGS: Apr29Thu: $11,000B MarketCap (value):
AMZN'!! SMSN!) MA, CAT, TWTR' CMCSA, EADSY. RDSA. TOT. SPGI, TMO, MRK, BMY, MCD, AMT, ICE, NIO) IDCBY) CICHY) CIHKY) BACHY) ACGBF) LFC) SNP) KYCCF) BAS. BIDU) NOC, TEAM' MO, NEM, KLAC' VRTX' GILD' BAX, GLEN. NOK. UN. So, Dlr' Khc, Kdp, Eqnr. Mindray) Fmg) Trow, CBRE, Wltw, Stm. Dxcm' Ftnt' Swks' Wdc' Rmd' Ftnt' Nvcr, Ctxs, Zen' Rcl, Dish, Ph, Xel, Hsy, Bce, Tw, Cg, Dpz, Txt, Cgemy. Sber. Nrdby. Lyg. Rbspf. Stan. Dbsdy) Pstvy) Ceo) Wow) Amun. Sdr. Lpla' Agco, Tap, Lha. Codyy. Dnhby. Dnngy. Chvkf) Gwlly) Hymtf) Naver) GreeEl) Longi) Lglg) Ntoiy. 6ht) GuotaiJS) Lato. Stmn. Gnrc, Tfx, Nvcr, Eeft, Cube' Cog' sgen' lh, chd, pcg, fmx, ajg' vici' alny, snn. scmn. fltr. hxgby. rep. ncm) ztcof) scm) hindUn) yanghe) yili) sfHo) Ip Lh Sgen Ajg Ftv Abmd X Swi Jhg Ab Fslr Rlgy Tmhc Mvis Ostk srcl bmrn mwk lsxmk aem fico emn bio cms wst clvt wab lkq dva fivn ssl wex synh stj. krz. omv. amp. ica. f34) titan) bajaA) ads. cor aos glp mmp mpw cpt erie pfpt ares kim cfr colm txrh pacb wsc cacc ard omcl cfx nati kbr. bpmc achc cuz elly kmpr nvtt powi expo ida crus thg fcn trtn hgv Cwt Swn bgcp int prg cnx atkr cri mdc aimc mtsi sndr knsl kex tigo ait spsc rog mmsi vc cwst tex ebs trup tree ccxi ccoi itgr exls ati veon coop gpi evtc fhi ax skyw ftai blmn thrm cig shen frwd htgc patk cohu gnw mdrx town mgnx prft sah sm gshd amrn crs stra atge ehth bsig cva mtls cbz cgnt pbf enva merc fmcc weir. fpe3. fie. hwdn. ctec. mggt. mgnt. mail. imax cown bzh rfp ebc stay ofc peb clbk cxp osis vcra alex pten gwb krg cffn ltc nexa mtrn trss matw istar opi ocfc tcbk amsf mbin lmat cls drq cts cry pbfx onto lind eth nptn casa cbtx cass mitk evlo ulh aspn zyxi onew orc cnsl laws lnw clpt hayn ndls taco btu ghl cnTou) indBC) cypc)
-TIMING KEY: )Asia .Eu ,UsAM ‘UsPM -RANK: MarketCap x ~%Adjustments
Thur turnover leaders: $300B~ value:
AMZN AAPL TSLA FB' MSFT GOOGL NOW,, AMD NIO, QCOM' BA NVDA NFLX F,, UBER, SNAP BABA MRK, TDOC,, SHOP, JPM BAC MA TWTR V EBAY,, OCGN' SQ XOM TMO, LYFT,, C PYPL MRNA PINS MU UPS IB INTC ROKU BMY, PTON, BIDU WFC CAT CMCSA' GM, MVIS,, T VXRT/ BRK.B CCL DIS HD TSM JNJ VZ CVX CHTR SBUX PLUG ZM, CRM AMGN VIAC ADI WMT PFE PG AMAT DKNG, GS COIN NKE SPOT PLTR PFPT TXN KO MS NCLH ADBE UNH NOK/ LOW ALGN ABBV MCD AAL GE FDX FCX CSCO ENPH SCHW CRWD, CLOV, TWLO, COST AVGO PEP VALE GME SPGI SWKS OSTK' IBM DASH, TME, ORCL BTX,,, CREE,, GILD LRCX AZN HOLX,, JD O MDT RCL, SNOW, ABNB VER/ BKNG NVAX MO CTXS,, MXIM MARA,, LMT UAL NEM GNRC' TTD RIOT,, MDLZ RTX FUTU UNP COP COF MELI CB DISCA ETSY AMT DPZ ABT OXY BILI TLRY, NOC' SHW AON PDD, DISH' TMUS NSC CSX RH PM GOLD LLY ATVI DHR ORLY OKTA, FISV NEE ICE KLAC SYF DE AXP X KMB ZS, WDC GSX, HON CARR MGM, TGT BSX CVS NXPI SLB CL AMC,, DAL AZPN,, MMM BYND BNTX LIN EL USB ACN W DOCU, LULU
-Key: ^4%' ^9%/ ^20%// ^50%/// ^150%//// v3%, v8%,, v18%,,, v35%,,,,
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April 28 Wednesday: Market Summary:
SPY=: Stocks quiet on FOMC autopilot rate Q&A: bounced when Powell said not thinking about Taper; eased back when he said macro goals (jobs, 2% inflation) do not have to be fully met, to taper (reduce) $120B monthly bond buys (QE). He does not see financial stability risks, despite some 'frothy' markets.
The Fed expects the growing inflation spike to be transitory, due to huge labour market slack, at least until UI jobless support runs out in Sept. Currencies rallied DXY-0.5%, on lack of taper; UBS PPP model shows USD to be expensive.
GDP due Thursday; PCEI is key, on Friday. Lumber & Grains are acting toppy.
TLT=: Bonds snoozed too, bouncing on Powell, after early weakness fear about Biden's $1.8T 10 year American Families Plan tonight 21hET, in his address to joint session of Congress: will boost education and childcare spending. This is like a State of The Union speech: marking his 100th day (and 200m+ vaxxed). He wants to build trust in Big Government (tough, after US COVID ends soon).
EEM+0.8%: Emerging Markets lifted by Energy XLE+1.6%, on Oil+3% (peaked after weekly inventories 1030ET): Goldman upgraded 3Q21 Brent oil forecast to $80. This lifted Chevron CVX+2%, Apache APA+8%, Hess HES+8%.
(Explainer: Main active EEM weightings: China primarily; & RU/TR/EEu in EU timezone, LatAm BR/MX in US timezone. EEM index/ETF/futures, are in USD, so it includes EM FX impact, which usually adds onto EM stock index moves. Non-US DMs' EFA(=EU+JP), is less volatile, keys off choppier US SPY, and EEM.)
BTC=: Bitcoin flat, but RIOT+10%, MARA+8%. IWM=: smallcaps flat.
Earnings movers: GOOG+3% ($50B buyback), Shopify SHOP+11% (on growth) led Communications Services XLC+1%, despite Pinterest PINS-14% on slowing users.
SPOT-12%, led Tech XLK-1%; MFST-3% TXN-4%, AMD-1%, beat but guided weak; AAPL+2%; Qualcomm QCOM+5% (phone chip demand); ServiceNow NOW-7%;
ENPH-14%: Enphase solar tech. AMGN-7%, HUM-2%, led healthcare XLV-0.3%.
BA-3%: Boeing missed due to slow global vax rollout, led Industrals XLI-0.2%.
SBUX-3% Starbux missed revenue estimates, on global vax delays. MDLZ+4%
Ford F-3% missed: shortage of basic chips, due to Renesas (JP supplier) chip fire on March 19; and CN over-ordering chips, due to trade war fears; and lockdowns lifting consumer electronics demand. US chipmakers had expected a slowdown.
Premium chips (GPUs, CPUs; unlike basic RAM, ROM, ICs) are not in a shortage.
Today is the busiest earnings day of the Quarter: $11T global market cap of stocks reporting. Global stocks' value: $110T; US is $50T. World Wealth: $500Trillion~.
World Stocks' Quarterly EARNINGS: Apr28Wed: $11,000B MarketCap (value):
AAPL'!! FB'! QCOM' BA, SHOP, NOW' CME, MCO, SNE) Amperex) Moutai) Hynix) Hkxcy) Mediatek) Byddy) Cichy) F' Ebay' Spot, Gd, Bsx, Hum, Nsc, Sny. Gsk. Adp, Aph, Dsy. San. DB. KKR, TDOC' Swk, Orly' Rok, Crh. Dnzoy) Umc) Fjtsy) Luxshare) Snp) GreeEl) Lfc) Bsbr, Psn. asx. psa' algn' nvtk. eqix' gmbxf knebv. afl yum grmn avb well siri disca wcn rjf invh morn rol ptc atus holx hes ir mgm tdy mas moh cree nly ipg ppd teva Teck iclr avy yndx. assa. dher. rbgly. epoky. svkef. aena. sid wege3 bei. vnm. cabgy. gasny. pum. urw. logn. kgx. covty. col) 6ht) ciihy) cihky) guotaiJS) c0v) yahoy) miely) zch) wulian) shecy) ahchy) Cmclf) Jixay) muyuan) mraay) jpxgy) olcly) ejpry) tyidy) rongs) shenzTr) baiyao) lensT) ach) ppccy) shpmy) maanf) gib exr osk slab grub avtr tyl maa dre re prah pega azpn oc amed mlco sc arcc cone flir aer krc rnr ttek pag wh lfus iart tkr saia evr msa ppc asgn ash hele vvv esi alsn slgn inov axs drvn gra nova auy avt wing six r chx dan livn cnmd bco musa form mth alks shoo mc apls blkb trox sogo twou wern ngvt eat vne cit bpop anat ar mxl mtdr opk joe cake oi cmpr uctt cde pgre cstm sjw vrts kalu mho hni ttmi faro lc camt fres. dws. cinf fcnca rsw. adcb. chef pi extr kra cmre mxdg knl bhe res oii jbss stng echo smhi srdx bcov
-TIMING KEY: )Asia .Eu ,UsAM ‘UsPM -RANK: MarketCap x ~%Adjustments
Wednesday turnover leaders: $300B~ value:
GOOGL' AMZN TSLA AAPL MSFT, FB AMD SHOP/ BA, PINS,, MVIS' NVDA SNAP NIO BTX/// BABA V SPOT,, ENPH,, AMGN, QCOM INTC TXN, SBUX, MU, NFLX SQ MA MRNA PYPL XOM JPM BAC UPS JNJ VIAC, NKE NVAX, C GME CRM COIN LOW DIS WFC MDLZ' CVX CLOV/ OCGN, GE T NOW HD TWTR MRK BRK.B LLY PFPT AMAT BIDU PFE PG BKNG F TSM CSCO MARA/ ADBE FUTU' UNH GS AVGO VZ PLUG GSX/ FCX BSX' PEP CAT VALE CMCSA AON COF' WMT RIOT/ PTON MCD DISCA, FISV UAL ATVI GM G' MS ADP, SPGI KO FFIV,, MELI CZR TLRY/ JD UBER OXY' IBM RTX PLTR ABBV ADI CRWD ROKU TMO TDOC MD T GILD BMY ADMA/ PDD ISRG MMM UNP AAL HUM CNC, BP COST FDX HON HIG CCL KSU SKLZ, ZM COP LRCX EBAY WLTW' ORCL ABT HCA MRVL CSGP,, DKNG SCHW CCIV RH CSX ABNB SAVE, ZS VXRT ON, AMC, AZN NEE NXPI MO LMT KMB ETSY SYK NUAN AXP LIN SYF UXIN/// DVN/ ASML CB GOLD CHTR DHR DOCU TWLO DPZ WDC KMI NCLH CDNS TER EOG' ILMN CME BHC' DE DAL MGM SPLK CROX CLF PXD SNOW REGN PENN X GNRC BLNK FSLY RUN STX
-Key: ^4%' ^9%/ ^20%// ^50%/// ^150%//// v3%, v8%,, v18%,,, v35%,,,,
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April 27 Tuesday: Market Summary:
SPY=: Stocks were flat ahead of Fed day Q&A (watch for Twist, inflation): Weds at 1430ET. Strategist calls grow, for a technical pullback from all time highs.
UST Bonds TLT-1% fell all day (despite a brief bounce on $62B 7-year Note auction at 13ET), led by USDJPY $¥+1% bounce, and very strong Consumer Confidence (122 vs 113 expected, 10ET) & HPI House Price Index +12% YoY (year).
Cyclicals led again: energy XLE+1.3%, financials XLF+0.9%, industrials XLI+0.9%.
Reopen continues: Biden's speech announced no masks needed outside, if vax was done. This lifts travel stocks, such as AirBnb ABNB+3%.
Earnings movers: UPS+10%, TSLA-5% (China worries), MMM-3%, GE-1%, UBS-1%, MMC+4%. Shipping leader MAERSK= flat, despite early earnings bounce.
Ditto BP= . HSBC+5%. CDNS-8%, LLY-3%, PHM+4% lifts homebuilders XHB+1%. Footwear retailer CROX+15% beat (estimates) & raises (guidance); keeps soaring.
After Hours AH earnings leaders now: GOOG+5%, MSFT-3%; AMD+3%, TXN-3%, PINS-10%, V+2%, SBUX-2%, AMGN-3%, SYK-4%, JNPR+3%, FFIV-5%
Techs dominate this peak week of Q1 earnings: Weds AH: AAPL, FB. Thurs AH: AMZN. Risks of "pullthru": previous periods cannibalized this period's results.
GME+5% after placement complete. MVIS-24%: WallStBet meme mania cools.
World Stocks' Quarterly EARNINGS: Apr27Tue: $9,000B Market Cap (value):
GOOG'!! MSFT'!! V' TXN' AMD' NXPI. PINS' HSBC. UBS. RTX, GE, UPS, MMM, ABB. BP. NMR) AMGN' LLY, NVS. Syk' Fsv, Mmc, Cb' Mdlz' Shw, Cof' Ecl, Ilmn, Msci, Pfg' Phm, Enph' Ter' Ffiv' Jnpr' Evo./ Adm, Glw, Mxim' Cnc, Amx' Pcar, Csgp' Rop, Fanuy) Sbgsy. Atlky. Eqr' Yumc' Iex, Bxp' Syf, Dte, Eix' Ivz, Chrw' jblu, has, tru entg fqvlf wmmvy dsnky. acgl oke entg ess wynn udr masi cree pii sf hubb byd che crox feye awi Baoshan) hindZ) kyocy) smnny) alfa. avv. upm. nzym. nhy. bim. bol. rual. five. wtb. oln ehc leco tfii fsv rxn ncr nov bmri) ateyy) nrily) mktay) cjpry) alpmy) guosen)\ eastMon) shangxiX) maruti) axisB) bajajF) lgHou) inovan) imeik) sgMic) sstk gpk tenb fti egp psb abg umbf qts apam calx navi matx ppbi fele iwg. bucn. trmk scl usna lbrt atrc fibk wsbc fcpt aat hope roic pjt vbtx pack hees foe opra buse nxrt fcf fbnc audc ffwm tpb aan qcrh hvt atni aten mrc hafc ffic ldl aray sify sqns cybe iin
-TIMING KEY: )Asia .Eu ,UsAM ‘UsPM -RANK: MarketCap x ~%Adjustments
Tuesday turnover leaders: $250B~ value
TSLA, AMZN AAPL MSFT AMD GOOGL FB SNAP GOOG MVIS,, NIO, UPS/ BABA BA NVDA MRNA INTC GE JPM NFLX NVAX/ VXRT// SQ GME MU SHOP V VIAC FDX BAC OCGN WFC PINS PFPT QCOM ALDX// LLY COIN VZ PYPL FISV, XOM PG HD T ADBE JNJ BIDU MMM C JD CROX/ RTX DIS MA SKLZ SBUX ROKU BRK.B, ATVI CRM CDNS, DKNG AMAT PLUG NKE TIRX// FCX' UBER WMT ZM TXN PFE GS CVX ORCL TWTR CSCO COST UNH LOW CMCSA MRK TSM PLTR LRCX CNC, AVGO HON LYFT SCHW SPLK, MCD PEP PTON RH VALE AAL AMC MS NXPI LMT RIOT UAL GM NOW BKNG BILI IBMF ADI ABNB CRWD NET AMGN CCL DASH' FUTU MELI SNOW SPGI DHR UNP BMY KO OTIS COF NNDM TMO MTCH KMB ETSY VIPS LVS PENN GILD X, MRVL TGT ENPH CAT CZR' NEE ASML ISRG MARA AZN GRA MDLZ PDD MDT COP CLF BTX/// BP TDOC SHW CCIV, TTD SWKS ABT SYF FIS SPG TWLO AXP TMUS KSU WLTW HIG MCO ABBV DHI XPEV, DAL ILMN ACN STX SPOT HCA BNTX BSX AON QS, ROP DE CME OXY MSTR EBAY LIN HUM SLB MMC' CSX CMG NUAN DUK NCLH EXPE AMT
-Key: ^4%' ^9%/ ^20%// ^50%/// ^150%//// v3%, v8%,, v18%,,, v35%,,,,
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April 26 Monday: Market Summary:
SPY+0.2% Churn at highs, ahead of big-6-techs' earnings week: TSLA-2% soft AH:
Elon Musk's Tesla Conference Call now, is one of the few, crucial to listen to. They found alternative chip sources, and expect huge Model Y sales growth.
(He also hosts SNL this weekend: a possible sentiment peak around TSLA.)
30year Bonds bounced 1% into and after weak Durable Goods 830ET; sagged on 1130ET UKT 2year auction, but drifted flat on 13ET 5year note auctions.
Powell's "letting inflation run hot" stimulus, fuels supercycle bulls across all commodities (awaiting CPI this Friday): Metals (Copper+2.5% lifts FCX+7%), Energies, Softs (Lumber+3% lifts WY+2% PCH+4%). Fed rate Q&A on Weds 1430ET, is likely to be more dovish like ECB, BoJ (tonite); not hawkish like BoC.
Also boosted, are crypto (COIN+4%, RIOT+6% on BTC+8% bounce), new listings, and new pop meme stocks: MVIS+47%, OCGN+20%; and GME+12%, doubling this AH on stock sale done; AMC+13%). Expect more rotation into Quality and Value: Energy XLE+0.7%, Financials XLF+0.4%, Biotechs XBI+3%
$19T (17%) of MktCap of earnings due this peak week: Earnings movers today: AXP+4%, OTIS+7%; ACI-5% (weak guide drags grocers KR-2%, GO-2% SFM-3%).
Earnings expectations are high. Biden's first 100 days have seen a stronger stock market than any President in generations, including JFK. Supply constraints will hurt: such as shortages of lumber for homebuilding; and carmakers' basic chips.
Infra bill optimistic note, lifts NKLA+7%, NIO+3% CHPT+8%;
CCIV+16% Lucid Motors bounce, on new emission standards;
LAZR+16% Luminar bounce, on Airbus new vehicles partnership
AMZN+2% on hopes of share split on Thurs earnings. SPOT+6% on price raise.
CyberSec: PFPT+31% Proofpoint gets $12B bid from Thoma Bravo, a PE firm.
Pandemic-driven record RV sales lifted CWH+4% WGO+7% THO+3%
SKLZ+16% on ARK talking up their esports games.
OPEN+11% on hiring to improve digital home viewing.
World Stocks' Quarterly EARNINGS: Apr26Mon: $2,500B Market Cap (value):
TSLA'!! VALE' NXPI. PHG. CDNS' IBN) AMPEREX) MOUTAI) Amp' Cni' Lu' Sabic. Ssnc ' Sbac' Knin. Otis, Ckpt Pfpt, Mgddy. Caj) Pkx) Plzl. ultraC) techM) lii, bro' pkg' mksi' masi' aci, agnc' uhs' axta' omf' medp' amkr' ssd' tnet' jbt' pch galp. kspi. abg. beij. ssab. ndeky) lensT) hdfcLf) mangoM) dnfgy) hmtly) jscpy) tecmo) irao. adib. wri cbu dorm jjsf ain sanm rrc ilpt wire hmst tbi hsii lxfr dgica dhil cvlg flxs -TIMING KEY: )Asia .Eu ,UsAM ‘UsPM
Monday turnover leaders: $250B~ value
TSLA AMZN AAPL MVIS/// MSFT AMD FB NIO' GOOGL OCGN// COIN' NVDA PFPT// BA GOOG MRNA SNAP INTC SQ' NFLX BABA PYPL SHOP' VIAC JPM QCOM GME/ ROKU T PLUG BAC MU CCIV/ BIDU V PG GE WFC AMAT GRA' DIS SKLZ AVGO JD NKE WMT TSM FCX AAL' GSX/ C JNJ BRK.B RTX LRCX HD XOM AMC/ CMCSA TXN ETSY, MA VZ PTON RIOT' PLTR FUTU' SWKS BKNG PEP CRM BMY PFE ZM HON RVPH/// PINS TWTR UAL GS TMO KSU AXP' COST UPS ADBE ORCL MARA' MS CSCO IBM SPOT MELI CRWD GM SBUX NVAX' NXPI AMGN LOW MRVL KO UNH ISRG ATVI UNP REGN TWLO MRK FISV NEE PDD BNTX CVX MCD MDLZ LMT CCL ABT TDOC' ASML KMB CLF' CVNA ABBV DOCU ALXN ADI DAL DHR MMM CHTR X' STX' F CMG MCHP LAZR/ AKAM UBER SNOW DE DKNG RH VALE OTIS' SPLK FDX LLY TGT BNGO// NCLH NET CDNS ABNB SCHW CAT CVS BSX ENPH WDC ACN BILI XPEV DISCA SPG GILD NUAN NOW DHI BP SLB NUE' MDT TMUS MO SPGI ILMN AZN AMT KLAC FIS CHKP OPEN/ FCEL' EXPE DG ZLAB COP QS' TTD SHW KR CP HUBS BDX KHC ALGN USB PNC ANTM IBN' W' RBLX'
-Key: ^4%' ^9%/ ^20%// ^50%/// ^150%//// v3%, v8%,, v18%,,, v35%,,,,
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April 23 Friday: Market Summary:
SPY+1.1% ATH buy-any-(tiny)-dip bounce: on New Home Sales surging 20% in March, despite Lumber+4% still soaring on shortages, to deep new all time highs, 5x 2020 lows. Reflation evident in booming base metals and softs.
FCX+5% after yesterday's earnings, and Copper+1.2% still climbing.
Rally was led by value / cyclicals: financials (+1.9%, notably regionals: SIVB+8% beat earnings & raised guidance), materials (+1.7%).
Earnings movers: HON-2% (weak aerospace), AXP-2%, SNAP+8% on user growth.
INTC-5% on last nights miss: $20B CapEx will take years to bear fruits.
Chipmaker SWKS+4% will acquire SLAB+10% for $3B. SKLZ+10%: ARK buys.
Better than expected EU flash PMIs helped EUR bounce 0.9%. USTs flat.
Peak earnings flood next week: All 5 biggest tech stocks will report (FAANG).
Fed decision next Weds likely delays any QE taper: like ECB yesterday.
World Stocks' Quarterly EARNINGS: $3,600B Market Cap (value):
HON, AXP, DMLRY. PTR) IDCBY) Bachy) Acgby) Amperex) Mediatek) SLB, BEN, Rcl, Kmb, HclT) wYibin) haitianF) Pstvy) Cicof) Ciify) WillS) Schn. telia. hrshf) htsc) zijmy) mthry) luzhou) shiPud) ztcoy) ccohf) cmaky) bcmxy) znh) rf, alv, gntx, sev. sterv. yar. rco. lifco. 9gf) maxis) vingroup) tom. 0ec) emtk) sid, aak. icad. upl) sxt, saab. dom. entra. sow. ctb, gva, fd, azz, rasp. grvy, npk, cir, opy, peo, bwen,
-TIMING KEY: )Asia .Eu ,UsAM ‘UsPM
Friday turnover leaders: $250B~ value
Friday $250B~ turnover: TSLA AAPL AMZN MSFT SNAP FB INTC OCGN AMD NFLX GOOG NVDA GOOGL COIN NIO BA MVIS JPM SQ PYPL BABA VIAC BAC MU MRNA AVGO ADBE C SHOP T CRM BRK.B QCOM WFC BIDU V AMAT SKLZ HON VZ DIS KMB HD LRCX WMT PTON PG PINS NKE AAL RIOT FUTU BMY MS PFE CSCO ZM DHR AXP UNH JNJ TSM MA ORCL ASML TXN KSU XOM ISRG PLUG FCX TWTR CAT LOW PEP CMCSA MRK UAL PLTR AMGN JD GS BILI MARA NXPI PDD ROKU COST BKNG CVX UNP ABT TMO IBM SBUX DKNG SPOT F ADI SIVB GM LULU GE GME SKX MCD MELI NET SYPR CRWD BNTX ABNB RTX DE MRVL ACN RH CMG CPCCL ABBV MXIM TWLO SWKS FDS TGT MDT VIPS TFC UBER INTU NEE HUBS SPGI KO NUAN LMT SCHW CHTR TMUS DISCA KLAC X REGN HBAN NCLH MDLZ GILD NVAX BDX AMT NOW MO LLY UPS FISV ATVI MCHP USB DAL MSTR RNG NOC QDEL STX ILMN DHI EA BCE CSX ENPH MMM LIN DOCU TJX COF ANTM INO ADSK BSX CLX CLF PNC CDNS SLB DOW EFX SAM IQV TTD MTCH OKTA FDX NKLA RUN AZN WDAY TDOC FIS ALXN PPD
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April 22 Thursday: Market Summary:
Dow -1%, Nasdaq QQQ -1.2% : Biden announces higher tax on rich (plan to boost the capital gains rate to 39.6% from 20% for high earners $1m+, to fund his American Family Plan). Semi's SMH -2.3%, ahead of INTC earnings; MU -5%. Volatility (VIX) rose, touching 20. Senate GOP countered Biden's $800B+ infra plan, with only $568B. Lots of negotiations ahead.
Earnings: weakness in DOW Chemical -6%, LRCX (chips) -4%, LVS (casinos) -4%; strength in EFX Equifax credit scoring +15%, AT&T T +4%: yield leader (as dividend income will be more attractive, as capital gains tax rises)
ARKK funds switching out of TSLA -3.3%: on car crash analysis: hints at QQQ pullback.
RIOT -11%, MARA -11%, MSTR -8% melting on Bitcoin weakness: $52k from 65k highs: JPM / institutional bulls' very bearish calls; also selling the fact after last Wed's $100B COINbase listing (now $55B), and Gensler in as SEC head. Cryptos are a useful ultra-tech-risk tell. Bitcoin is now under 1/2 of all crypto value (MktCap). Suggests QQQ weakness too.
Ford F +2% on DB Catalyst call, Wolfe upgrade, despite chip shortage shutdowns.
AAL American Air -4%, despite expected return of 737 Max, with customers unfazed.
ECB left rates unchanged in April monetary policy meeting, QE taper fears eased, softening EUR; after BoC taper plans boosted CAD yesterday. Key EU Flash PMIs are due Fri. AUD was also soft with Copper; GBP weak, on the EU's AZN lawsuit.
ECB & weak stocks helped UST Bonds bounce. Also strong $18B 5Yr TIP auction, after y'day soft 20Yr $20B auction. Oil was choppy / soft, after Iran, Libya supply worries.
Highest ever global virus cases: Mainly from India, which broke the world's highest single-day record of COVID-19 cases: 300k+: double mutation (and others eg Brazil, Tanzania) poses global delayed reopen risk.
Vax hesitancy may grow in Emerging Maeketss, as all 10 vaccines globally, have risks.
China risks: Tech crackdown: BABA, TCEHY; Huarong bad debts; slow/ weak vax; US/EU/JP/AU get tough: JP worried about huge CN hack; AU cancelled Victorian BRI deal: trade war with CN
Japan bounce from larger downturn on virus flareup: Tokyo state of emergency
World Earth Day + Biden's Climate Summit today: boom in green commods (SoyOil, Corn, Sugar); weakness in Live Cattle, on meat substitution. German Green chancellor candidate Baerbock looks to be the most popular.
World Stocks' Quarterly EARNINGS: $3,500B Market Cap (value):
INTC' NSRGY. T, DHR, SAP, SNAP' BX, FCX, RMS. Unp, Hca, DHI, LUV, NUE, CS. Vlo, Tal, Iqv, Dow, Mktx, Biib, Odfl, Sivb Vrsn' Tsco, Stx' Aal, Ce' Gpc, Sna Volv. Angpy. Dg. Ri. Viv. eqt. relx. nlmk. Njdcy) lgChem) chugai) cnTou) caovy) saudTe. Kb) Shg) HindZn) sna, dgx, aep, fe' sam' pool, alle, hban, gbooy' Ifjpy. sgro. monc. kinv. bol. skf. eden. bvi. rto. rno. barn. gjf. gfc. pblof) disco) dpW. Tw. pnr wso rs csl clf alk mat skx son vicr wns gtls wwe Spxcy) kpcpy) save safe ori ewbc pbct faf ffin gbci ozk bku abcb asb bkt. tel2. sk. get. husq. ipn. tph trn hth sitc hri kn stc bjri oflx wrt1v. rxl. valmt. sxs. asr rws. thule. nent. axfo. itp. vitr. ajb. te. bfit. carm. dom. ips. wpk aub cade indb ari sasr sbcf eig bhe boom hzo arch iin clw usx ibst. camp clfd pds lyts tzoo
-TIMING KEY: )Asia .Eu ,UsAM ‘UsPM
-RANK: by MktCap x%EarningsVolatility x%ForwardPE x%Turnover x%M&AGeoPolRisk~
Use Twitter.com/CFAMBAiBk to click on any symbol>name, other news.
Thursday turnover leaders: $250B~ value
TSLA, AAPL AMZN MSFT FB NFLX NIO NVDA, T BA SQ AMD MU, BABA MRNA GOOGL VIAC GOOG INTC JPM OCGN// SKLZ BAC V PYPL HD AMAT LRCX, PTON AAL, SNAP MA DIS TDC PFE PLUG ORCL AVGO VZ XOM SHOP, JNJ PLTR BIDU CRM CRWD FUTU C QCOM ZM UNH ROKU TWTR, ADBE WFC UAL UNP DHR IBM RIOT,, ISRG MRK PG CVX CMG BRK.B NKLA/ UBER WMT GM MOF AMGN BMY PDD TSM PINS FCX NKE CMCSA CSCO BNTX' ASML CCL COST DAL ABT MS LOW DKNG DOW, LULU JD NCLH TXN GS EFX GE OKTA LVS, DISCA PEP DE BKNG MARA,, SBUX ABNB KO GME, NEE LMT FSR,, BIIB, ENPH' LUV VALE HON TME NUAN LLY ABBV SCHW CAT CHTR UPS NVAX KSU MELI ATVI HCA TMO BILI DHI TGT BSX MDLZ DQ/ TWLO MVIS' AZN AMC ADSK HBAN, CSX NOW RH RTX MRVL, FCEL TTD AXP SNOW CP TSCO' CB MDT HPE NVRO DOCU QS NXPI HIG BNGO FISV KMI CVS GSX,, XM/ MCD U FIS ANTM WDAY MSTR,, TAL EBAY WHR CLF SPGI FUBO X GILD FDX OXY SPOT RUN XPEV VRTX SEDG DISH PANW ALXN BP FSLR TKAT POOL ZS CCIV MGM COUP TRU'
-Key: ^4%' ^9%/ ^20%// ^50%/// ^150%//// v3%, v8%,, v18%,,, v35%,,,,
===
April 21 Wed: $3,000B total Market Cap (value):
ASML.! LRCX' BHP) NEE, VZ, RHHBY. Eric. Lvs' Cmg' Ndaq, Nvr, Antm, Cci Longi) Heia. Cp' Dboey. Sdmhf. Sartf. Anto. Akza. Wln. Tel, Kmi' Hal, Bkr, Lad, Efx' Whr' Seic' Rhi. Slm' Luxshare) Pkx) Shb. Rand. Ca. Ac. knx, rci, xm' ggg' gl' sbny, mru, chdn' bnzl. poly. magn. elisa. lstr caci rli rexr vmi ufpi awcmy) bokf fr nep slg umpq neu stl soi. cast. wdp. vpk. unicom) huadong) dbiBk. cns snbr plxs nwe qlt. rushb hcsg ntgr mtl arb. clb lob tbk tcbi bxs fcfs banr egbn bpfh veil. bedu csv -TIMING KEY: )Asia .Eu ,UsAM ‘UsPM
April 20 Tue: $3,300B total Market Cap (value):
NFLX'! JNJ, PG, ABT, LMT, ISRG, PM, RIO) IBKR' CSX' Ker. Ew' Pgr Trv, Edu Asm. Inve. Bn. Ntrs, Dov, Omc, Key, Fitb, Wrb' An, Man, Si, Abf. Sika. Sand. Temn. PingAnB) hengrui)\ zhifei) polyDv) emEtisalat. irdm, cma, snv, thc' wbs, xrx, nod. cov. geti. avst. aza. so. pom. rose. arcad. ihp. flow. jup. enav. mony. ald) cgf) lrn for alfff pacw hwc sfnc ucbi fult fmbi pfc. ttsh -TIMING KEY: )Asia .Eu ,UsAM ‘UsPM
April 19 Mon: $700B total Market Cap (value):
IBM' KO, PLD, UAL' HikVision) AlRajhi. Hog, Cck' Stld' mtb, zion, cnUtdNw) pnfp' eo. acc' hxl' jaSolar) tinci) icPru) jiangsuKi) gotion) perfectW) otgly. etEtisalat. els' fnb' wtfc' sfbs' onb, gtt. fangdaS) enog. mery. dsv acu apm
-TIMING KEY: )Asia .Eu ,UsAM ‘UsPM
Apr16Fri $800B value: MS, RIGD) BK, STT, Pnc, WillSe) ksu, cfg, ally, svst. tryg. alrs. five. eh, goertek) scb) hanaF) asymchem) carcy) caihong) tongkun) eddie) chihong) shoo prk blx adx fbms -TIMING KEY: )Asia .Eu ,UsAM ‘UsPM
Apr15Thu $2,500B value: TSM)! BAC,! C, BLK, SCHW, DAL, Unh, Ppg' Pep, Lrlcy. Usb, Tfc, Cvac. Wit, Jbht' Pub. chr. aa' largan) ronsheng) erdos) ganLee) tpk. gvc. roo. vacn. fdj. wal' cbsh has. rad, qiAn) shennan) mindtree) tbea) homb, boq) banf' wabc' dsky. afmd pavm oxb. lake kuke vnce krkr kspn cntg uk
-TIMING KEY: )Asia .Eu ,UsAM ‘UsPM
Apr14Wed $1,000B value: JPM,! GS, WFC, INFY) Tsco. Bbby, frc, shhiLinHh) riyadBk. sjr' aci' ezj. magn. hle. rykky) amkyf) mpi. ghg' love, hof,t agx bcml dtea klxe tom2. pfc. rwa. -TIMING KEY: )Asia .EuAM ,UsAM ‘UsPM
Apr13Tue $700B value: LVMH Fast, Givn. Tkwy. Jd. QtNBk. boeT) hengliP) tongwei) cpi. plus. shandongLT) baosight) cnGrWaSec) dmp. huaxiSec) ogi, ccf pcyo krus -TIMING KEY: )Asia .EuAM ,UsAM ‘UsPM
Apr12Mon $250B value: TCS) apha, can, nlmk. galp. slp' ormp seac
-TIMING KEY: )Asia .EuAM ,UsAM ‘UsPM
-RANK: by MktCap x%EarningsVolatility x%ForwardPE x%Turnover x%M&AGeoPolRisk~
-Use www.Twitter.com/CFAMBAiBk to click on symbol: see co name, main news
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