U.S. stock-index futures rose on Thursday, as a pullback in the U.S. Treasury yields and upbeat guidance by Micron (MU) provided support to the IT stocks, while Biden's massive infrastructure proposal added to the recovery narrative.
Global Stocks:
Index/commodity | Last | Today's Change, points | Today's Change, % |
Nikkei | 29,388.87 | +210.07 | +0.72% |
Hang Seng | 28,938.74 | +560.39 | +1.97% |
Shanghai | 3,466.33 | +24.42 | +0.71% |
S&P/ASX | 6,828.70 | +38.00 | +0.56% |
FTSE | 6,746.77 | +33.14 | +0.49% |
CAC | 6,096.45 | +29.22 | +0.48% |
DAX | 15,092.03 | +83.69 | +0.56% |
Crude oil | $60.30 | +1.93% | |
Gold | $1,719.40 | +0.22% |
(company / ticker / price / change ($/%) / volume)
3M Co | MMM | 193.05 | 0.37(0.19%) | 7483 |
ALCOA INC. | AA | 32.56 | 0.07(0.22%) | 26152 |
ALTRIA GROUP INC. | MO | 50.98 | -0.18(-0.35%) | 15682 |
Amazon.com Inc., NASDAQ | AMZN | 3,118.00 | 23.92(0.77%) | 27559 |
American Express Co | AXP | 141.18 | -0.26(-0.18%) | 2334 |
AMERICAN INTERNATIONAL GROUP | AIG | 46.18 | -0.03(-0.06%) | 1050 |
Apple Inc. | AAPL | 123.52 | 1.37(1.12%) | 930700 |
AT&T Inc | T | 30.36 | 0.09(0.30%) | 117287 |
Boeing Co | BA | 255.75 | 1.03(0.40%) | 71611 |
Caterpillar Inc | CAT | 231.47 | -0.40(-0.17%) | 15599 |
Chevron Corp | CVX | 105.18 | 0.39(0.37%) | 10738 |
Cisco Systems Inc | CSCO | 51.86 | 0.15(0.29%) | 42974 |
Citigroup Inc., NYSE | C | 72.52 | -0.23(-0.32%) | 43953 |
Exxon Mobil Corp | XOM | 56.15 | 0.32(0.57%) | 119046 |
Facebook, Inc. | FB | 298 | 3.47(1.18%) | 145137 |
FedEx Corporation, NYSE | FDX | 285.34 | 1.30(0.46%) | 1701 |
Ford Motor Co. | F | 12.3 | 0.05(0.41%) | 265388 |
Freeport-McMoRan Copper & Gold Inc., NYSE | FCX | 33 | 0.07(0.21%) | 114586 |
General Electric Co | GE | 13.21 | 0.08(0.61%) | 268861 |
General Motors Company, NYSE | GM | 57.73 | 0.27(0.47%) | 72977 |
Goldman Sachs | GS | 324.49 | -2.51(-0.77%) | 22915 |
Google Inc. | GOOG | 2,094.00 | 25.37(1.23%) | 6198 |
Hewlett-Packard Co. | HPQ | 31.98 | 0.23(0.72%) | 536 |
Home Depot Inc | HD | 306.3 | 1.05(0.34%) | 4663 |
Intel Corp | INTC | 64.65 | 0.65(1.02%) | 81900 |
International Business Machines Co... | IBM | 133.45 | 0.19(0.14%) | 19649 |
Johnson & Johnson | JNJ | 162.82 | -1.53(-0.93%) | 20625 |
JPMorgan Chase and Co | JPM | 151.9 | -0.33(-0.22%) | 56492 |
Microsoft Corp | MSFT | 238.4 | 2.63(1.12%) | 235543 |
Nike | NKE | 133.5 | 0.61(0.46%) | 16445 |
Pfizer Inc | PFE | 36.38 | 0.15(0.41%) | 76524 |
Procter & Gamble Co | PG | 135.55 | 0.12(0.09%) | 6830 |
Starbucks Corporation, NASDAQ | SBUX | 109.6 | 0.33(0.30%) | 8652 |
Tesla Motors, Inc., NASDAQ | TSLA | 687.55 | 19.62(2.94%) | 711584 |
The Coca-Cola Co | KO | 52.83 | 0.12(0.23%) | 37001 |
Twitter, Inc., NYSE | TWTR | 64.86 | 1.23(1.93%) | 73156 |
UnitedHealth Group Inc | UNH | 373.5 | 1.43(0.38%) | 7982 |
Verizon Communications Inc | VZ | 58.24 | 0.09(0.15%) | 46654 |
Visa | V | 212.98 | 1.25(0.59%) | 22991 |
Wal-Mart Stores Inc | WMT | 136.1 | 0.27(0.20%) | 16571 |
Walt Disney Co | DIS | 185 | 0.48(0.26%) | 85598 |
Yandex N.V., NASDAQ | YNDX | 64.32 | 0.26(0.41%) | 3004 |
FXStreet reports that Credit Suisse notes that S&P 500 has ended the quarter strongly and at record highs with the spotlight on its two-month channel top at 3994. Support at 3949/43 holding can keep the immediate bias higher for a clear break above here and then the psychological 4000 barrier for a move to the 4070/75 region.
“Whilst above support from the rising 13-day exponential average and price support at 3949/43 the immediate risk is seen staying higher for a clear break above 3994/4000 to mark an acceleration in the uptrend. We would then see Fibonacci projection resistance at 4008 next, ahead of the top of the weekly Bollinger Band at 4025/27 and eventually our 4070/75 next core objective.”
“Near-term support moves to 3959. Below 3943 can mark a minor top to raise the prospect of lengthier sideways ranging and a fall back to the price gap from last Friday morning at 3918/10, with fresh buyers expected here.”
Alphabet (GOOG) initiated with an Outperform at Wolfe Research; target $2450
Amazon (AMZN) initiated with an Outperform at Wolfe Research; target $3720
Facebook (FB) initiated with an Outperform at Wolfe Research
Twitter (TWTR) initiated with a Peer Perform at Wolfe Research; target $65
Lyft (LYFT) initiated with a Peer Perform at Wolfe Research; target $54
Uber (UBER) initiated with an Outperform at Wolfe Research; target $73
Uber (UBER) initiated with a Buy at Jefferies; target $75
Netflix (NFLX) initiated with an Overweight at Piper Sandler; target $605
Goldman Sachs (GS) downgraded to Neutral from Buy at UBS; target raised to $340
Micron Technology (MU) reported Q2 FY 2021 earnings of $0.98 per share (versus $0.45 per share in Q2 FY 2020), beating analysts’ consensus estimate of $0.95 per share.
The company’s quarterly revenues amounted to $6.2 bln (+30.0% y/y), in line with analysts’ consensus estimate of $6.2 bln.
The company also issued upside guidance for Q3 FY 2021, projecting EPS of $1.55-$1.69 versus analysts’ consensus estimate of $1.33 and revenues of $6.9-$7.3 bln versus analysts’ consensus estimate of $6.86 bln.
MU rose to $92.75 (+5.15%) in pre-market trading.