.

Laurie’s Abbreviation Index:

‘div’ – dividend 

‘m/m’ – month over month

‘y/y’ – year over year

‘Inven’ – inventories

‘mfg’ – manufacturing 

+/- – plus or minus, positive or negative

Underlined text – higher volume premarket

·          Global Markets:  USA, Europe, Japan, China, Hong Kong Asia –  Neutral  equity global set-up

·         Commodities:  Gold, Silver, Oil and natgas, Softs, Industrial Metals 

·         Yields: Yields are lower

·         Currencies:  US $-.2%

·         News:  USA: PPI at 8:30 ET; at FOMC 14:00 ET  UK: Industrial production m/m -0.3% vs -0.1%

·         Stocks AMD +3.5%  AMZN might use the new chip  MAXN +11% upgrade ; UNH -5.6% Delayed surgeries increasing. Negative for insurers but positive for hospitals and equipment suppliers  BSX +2.4%

·         General: Leading: USO, EWZ, ARKK, XLE, ICLN, EFA, XLB, GDX, KRE, XLY, IWM, XOP, XLF, XBI 

Lagging: XLV, VXX, KWEB, DIA

·         Overview: USA indices neutral ahead of PPI print USA SPY 437 displays support of 435 with resistance at 440. SPY expected move +/- 3. QQQ 364  resistance at 365 with support of 360, and 355 . QQQ expected move +/- 3.7.  Premarket small caps and high short interest names are leading along with commodities on the notion that China will stimulate the lagging economy.  DIA is down due to UNH and can act as a drag on constituents.  PPI will be market moving premarket but FOMC at 14:00 ET will be the big mover.  No rate increase expected so market will move on commentary on whether it is skipping or pausing. Potential negative reaction to hawkish Powell if he attempts to cool the speculative equity market. 

·         Stocks to watch  AMD, CCL, FCX, TSLA, MDT/ABT/BSX/ISRG, C, UNH HUM  

Spec Names  PLUG, MAXN, COHR

Pre-800ET
Earnings 

Indices USO, EWZ, ARKK, XLE, ICLN, EFA, XLB, GDX, KRE, XLY, IWM, XOP, XLF, XBI, XLV, VXX, KWEB, DIA

S&P500 AMD, CCL, FCX, BSX, TSLA, DG, MRO, HUM, UNH, CVS, MO, AMAT 

IWM FRO, IONQ, AI

WSB PLUG, AMD, UPST, CLF, TSLA, GME, AFRM, AI

Movers MAXN, COHR, PLUG, LI, RIO, MT, AMD, CCL, FCX, UPST, AA, BSX, TSLA, HMC, DG, U, SE, HUM, UNH, CVS, CFLT, ARCC, MO, PDD, AFRM, AI

Trade Idea: MDT

Comment by UNH on increases in delayed surgical procedures is a positive catalyst for medical equipment companies. MDT is a potential with a focus on cardiac. Other names are BSX, SYK, EW,ZBH