.

Color Key: Positive – Neutral – Negative

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, natgas, Softs, Industrial Metals 

·         Yields: Yields are flat  Currencies:  USA +.12%  GBP: -.46% AUD: -.74%

·         News:  USA FOMC Barr at 10:00 ET; Mester, Daly at 11:00 ET; Bostic 12   China: CPI 0% Y/Y; PPI -5.4% Y/Y weighing on commodities  

·         Stocks  HELE +8% EPS  RIVN +3% continuation IEP +13% Icahn personal loans decoupled from share price – short squeeze; AI names AI, SMCI, IONQ, NVDA strong;  Nasi rebalance may weigh on AAPL, MSFT, AMZN and benefit smaller cap

·          General: Leading: JETS, UUP, SMH, IWM, XLP, XLU, XLF  Lagging: KWEB, faangmt, EEM, USO, XLB, KRE

·         Overview: USA SPY 438.6 displays support of 438, 436, and 435 with resistance at 440, and 443. SPY expected move +/- 2.3. QQQ 366 with resistance at 370 and displays support of 364, and 362 . QQQ expected move +/- 2.6.  Several Fed speakers today so take care

·         Stocks to watch: META, NVDA, JPM, TSLA, WY, MSFT, AAPL, SLB    Spec Names  RIVN, AI, SMCI, TMC

Pre-800ET
Earnings HELE

Indices JETS, UUP, SMH, IWM, XLP, XLU, XLF, KWEB, faangmt, EEM, USO, XLB, KRE

S&P500 WY, SEE, SCHW, META, FSLR, FMC, AAP, CTVA, IP, CFG

IWM HELE, AI, IONQ, PTEN, SWAV, MARA, RIOT, SAVE, NE

WSB RIVN, AI, RIOT, HOOD

Movers IEP, AI, RIVN, IONQ, OPRA, SCHW, MAT, NVS, MARA, MP, FMC, AAP, XPEV, BHP, LI, SNOW, RIO, IP, NE, FUTU, BILI

Trade Idea: IEP

In my opinion, IEP is a short squeeze idea for today. Catalyst is Icahn able to untie personal loans from IEP share price. Short sellers may need to cover. Premarket high 33.74 with targets 35 and 40 based on call positioning. I will consider a pullback >= 31.5. Risky!!!