© Reuters.
博博博博博博 - U.S. stock index futures rose before Friday, indicating that U.S. stocks may open higher. News about U.S. agricultural product procurement boosted market sentiment and offset investors' concerns about the second wave of the health crisis.
Four Witch Days refer to the quarterly settlement dates of stock index futures, stock index options, individual stock futures and individual stock options concentrated on the same day. The market trading volume will surge on that day, and there may be sudden and large price fluctuations in any period of trading.
According to Goldman Sachs data, this time, investors' demand for adjusting their stock positions seems to be higher than before. Data shows that about $1.8 trillion of S&P 500 options will expire, the third largest non-December expiration date ever.
The previous trading day, the Nasdaq and S&P rose slightly, the Dow Jones fell slightly, the Dow Jones fell 0.15%, the S&P 500 rose 0.06%, and the Nasdaq rose 0.33%.
As of 20:15 Beijing time (08:15 am Eastern Time), the U.S. stock market of Investing.com showed that the S&P 500 futures rose 38.98 points or about 1.26% to 3,136.88 points; Dow futures rose 340 points or about 1.31% to 26,239.0 points; and Nasdaq 100 futures rose 103 points or about 1.03% to 10,086.00 points.
Before the market, individual stocks
Apple 5G5G chips have been handed over to TSMC for production, and iPhone 12 may be released as scheduled in 9html!
According to Zhitong financial report, the Apple A14 processor and Qualcomm X60's 5G chip were delivered to TSMC in June, using a 5nm process and are expected to be delivered in the third quarter. With upstream and downstream suppliers rushing to work, the new iPhone can be released as scheduled in September. Before the market opened, Apple (NASDAQ:AAPL) rose 0.99%, Qualcomm (NASDAQ:QCOM) rose 1.09%, and TSMC (NYSE:TSM) rose 0.18%.
Marathon oil rose 4% , or sold gas station business
It is reported that Marathon oil is negotiating with potential buyers on the sale of its Speedway gas station business, resuming sales that broke down in the early stages of the epidemic crisis. Marathon said last year that Speedway could be worth between $15 billion and $18 billion. Before the market opened, Marathon Petroleum (NYSE:MRO) rose 4.01%.
Other oil stocks, Occupy Petroleum (NYSE:OXY) rose 6.30%, Chesapeake Energy (NYSE:CHK) rose 7.64%, Devin Energy (NYSE:DVN) rose 4.25%, Karon Petroleum (NYSE:CPE) rose 7.33%, Abraxas Petroleum (NASDAQ:AXAS) rose 3.81%, and Oasis Petroleum (NASDAQ:OAS) rose 7.21%. Adam Aron, CEO of
AMC theaters, said Thursday that all the company's theaters plan to resume work by July 24. During the health crisis, AMC Theatres closed all its U.S. theaters. Before the market opened, AMC Cinemas (NYSE:AMC) rose 8.17%.
Textron announced layoffs of 1,950 employees due to sluggish demand
American industrial giant Textron announced layoffs of 1,950 employees due to sluggish demand. The company said, "The health incident will affect commercial air transportation business in the long term, and the demand and orders for flight simulators have been greatly reduced." Before the market opened, Textron (NYSE:TXT) rose 0.26%. Smith Wesson Brands, a gun manufacturer with
, exceeded expectations and expected to complete split in August. Smith Wesson Brands, a gun manufacturer with
, saw net sales increase by 32.9% year-on-year to $233.6 million due to strong demand, exceeding the market's expectations of $217.6 million; according to non-GAAP, adjusted earnings per share of $0.57, exceeding the market's expectations of $0.40.
In addition, the company said the split is expected to be completed in August. Earlier, the company announced that it would rename the name from American Outdoor Brands to Smith Wesson Brands, with the stock code from AOBC to SWBI, and will split its outdoor products and accessories business to an independent public company American Outdoor Brands. Smith Wesson Brands will retain the gun business. Before the trading session, Smith Wesson Brands (NASDAQ:SWBI) fell 2.62%.
BeyondSpring fell 18%, and issued new shares publicly and made targeted additional issuances to shareholders
According to Zhitong Finance, documents submitted by Wanchun Pharmaceutical to the US Securities and Exchange Commission show that the company plans to issue a certain amount of common shares to raise funds and grant underwriters the option to choose to purchase up to an additional 15% of common shares.In addition, Wanchun Pharmaceutical has reached a private placement transaction agreement with entities related to its existing shareholder Decheng Capital, and will issue a total of US$5 million of common shares to it at a price equal to the public offering price per share. Before the market opened, BeyondSpring (NASDAQ:BYSI) fell 18.25%.
The second largest fresh food supermarket in the United States, Albertsons, plans to be listed next week,
, the second largest fresh food supermarket in the United States, after Kroger (NYSE:KR), plans to sell 65.8 million shares at a price of $18 to $20 per share, with the company's valuation exceeding $10 billion. The stock buying agent will be ACI and is expected to be listed later next week. Before the market opened, Kroger rose 0.50%.
Netflix (NASDAQ:NFLX) fell 0.07%, Microsoft (NASDAQ:MSFT) rose 1.03%, Amazon (NASDAQ:AMZN) rose 1.06%, Google (NASDAQ:GOOG) rose 0.63%, Facebook (NASDAQ:FB) rose 0.76%, and Twitter (NYSE:TWTR) rose 1.47%.
Tesla (NASDAQ:TSLA) rose 1.00%. Broadway Finance (NASDAQ:BYFC) rose 115.88%.
Chinese stocks
China financial technology service product Titanium today announced the expansion of its cooperation with China Telecom Yifu. Since March 2020, Pintitanium has begun to provide intelligent mobile installment payment solutions for government and enterprise customers of Yifu. Before the market opened, Pintitanium (NASDAQ:PT) rose 50.23%.
Yum China responds to the Hong Kong listing plan with a scale of US$2 billion
It is reported that Yum China Holdings Co., Ltd. has submitted a Hong Kong listing application with a scale of financing or approximately US$2 billion in confidentiality. In response, Yum China said that according to the company's policy, no comments on such market rumors and speculations will be given. Before the market opened, Yum China (NYSE:YUMC) rose 4.31%.
According to reports, the Hang Seng Index company disclosed that JD Group meets the requirements of the rapid inclusion index rules of the Hang Seng Comprehensive Index, and will be included in the Hang Seng Comprehensive Index and the Hang Seng Internet Technology Industry Index after the market closes on July 3 (Friday), and will take effect from July 6 (Monday). Before the market opened, JD.com (NASDAQ:JD) rose 0.71%.
Lantingji has risen by 44%, with total revenue in Q1 increasing by 1.3% year-on-year
According to Zhitong Finance, Lantingji has increased by 1.3% year-on-year to US$51.518 million, lower than the market expectations of US$78.49 million; net profit was US$700,000, while net loss of US$14.1 million in the same period last year; earnings per ADS was US$0.01, and loss of US$0.21 per ADS in the same period last year. Before the market opened, Lanting Jishi (NYSE:LITB) rose 44.13%.
Bilibili (NASDAQ:BILI) rose 1.15%, iQiyi (NASDAQ:IQ) fell 0.28%, and Huya (NYSE:HUYA) rose 1.08%.
Alibaba (NYSE:BABA) rose 1.14%, while Pinduoduo (NASDAQ:PDD) rose 1.04%.
Baidu (NASDAQ:BIDU) rose 1.73%. NIO (NYSE:NIO) rose 2.23%, and Tencent Music (NYSE:TME) rose 1.17%.
Weibo (NASDAQ:WB) rose 2.42%, while Momo (NASDAQ:MOMO) rose 1.99%.
Sina (NASDAQ:SINA) rose 0.08%, while NetEase (NASDAQ:NTES) rose 1.34%.
Luckin Coffee (NASDAQ:LK) rose 3.03%.
Cheetah Mobile (NYSE:CMCM) rose 9.17%, Thubao Technology (NYSE:CTK) rose 8.57%, and Mavericks Electric (NASDAQ:NIU) rose 15.68%. Among them, Mavericks Electric is expected to hit another record high after yesterday.
Selected Comments
Dario, founder of Bridgewater, the world's largest hedge fund, latest warning that US stocks may not be good in the next decade. The implication seems to be that the Fed will no longer be able to push U.S. stocks higher. But from the perspective of "short-sightedness", the Federal Reserve and retail investors are still taking the upper hand.
The S&P 500's rise may be repeated or even slowed down, but it will not stop. Regardless of the risks and uncertainties, the mentality of US stock participants in buying on dips has been gaining the upper hand.
RBC Capital Analyst Mark Mahaney believes that the market underestimates Shopify in three aspects: 1. The potential market size; 2. The potential for the company's revenue increase by increasing market share; 3. The growth of operating profit margin. Mark Mahaney also pointed out that "the way consumers buy has changed forever."
Other markets
As of 20:22 Beijing time (08:22 am ET), the European stock market in Investing.com showed that European stock markets fluctuated and rose, with an increase expanding. The German DAX index rose 1.13%, the French CAC 40 index rose 1.63%, the London FTSE 100 index rose 1.54%, and the Pan-European Stock 50 index rose 1.56%.
The U.S. dollar index futures, which measures the trend of the U.S. dollar against a basket of six major currencies, fell 0.09% to 97.308.
New York Commodity Futures Exchange Comex gold futures price rose 14.2 USD or about 0.82%, to $1,745.30 per ounce.
London Brent crude oil rose 1.01 USD, or about 2.43%, to $42.52 per barrel. The price of US WTI crude oil futures rose by $1.2 or about 3.09% to $40.04 per barrel.
financial report
Before the market: Chemeishi (NYSE:KMX), Jabil Technology (NYSE:JBL).
All financial reports today, please visit Yingwei Financial Information Investing.com Financial Report Calendar .
Economic data and events
For more economic data, please visit Yingwei Financial Information Investing.com Financial Calendar .
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