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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

** ‘d’ – day

** ‘Y’ – year

**govt – government 

Color Key: Positive – Neutral – Negative

Global Markets:  USA, Europe, Japan, China, Hong Kong – slight positive set-up

·         Commodities:  Gold, Silver, Copper, Palladium, Oil, natgas, AGGS,  Bitcoin

·         Yields: 30Y Bond +0.13%  Currencies:  USA$ +0.01%, CAD +0.03%, YEN -0.18%,  BTC/USD+0.78%,  Vix:18.5

·         Events:USA: UE claims 830ET

·         Stock News:EQIX+9%, MCD+.2%, CW+6%, FSLY+44%, CROX+14%, ZBRA+11%, CSCO -7%, APP -5%, ROL-14.6%, NBIS-6%, UL-2%  Earnings

·          Equity:  USA indices are slightly higher premarket following Wed volatility following non-farm payrolls report which led to a dip and recovery. Premarket IWM is leading USA large caps and XLRE is the strongest S&P sector. MAGS are led by NVDA and semis are strong with memory continuing to squeeze after Kioxia reported strong guidance which is lifting MU, SNDK and WDC with MU premarket already at the top of the daily expected move. AAPL lower after moving higher Wed as many of the MAGS sold off and today small bounces in GOOGL, MSFT which fell Wed. Precious metals are lower premarket after advancing Wed and bitcoin slightly higher but below 70k level.  Earnings names to watch Higher: FSLY EQIZ MCD CROX Lower: CSCO APP ROL NBIS.  CSCO gross margins lower due to cost of memory which is a consideration for companies like DELL HPE and maybe even AAPL. SPX 0DTE is positively support in range 6900-7020 with large level at 6980 is a setup for a range day without a new catalyst. UE claims and continuing claims were higher than expected which may be a positive in the world where higher UE means rate cuts.

·         Daily Expected Move. SPX(6982-6900)  SPY(696-688) QQQ(618-608)  IWM(267-262)

Stocks to watch MU SNDK EQIX AKAM NVDA   ROL SLV GDX  Speculative VKTX IRDM  ASTS ICLR
Indices UNG ETHE SMH XLRE IWM ARKK ARKX IBIT QQQ   SLV KWEB /CL GDX GLD UFO XLE

S&P500 EQIX ZBRA AKAM BRO WST AKAM MU WDC STX EXPE CNRE  ROL PAYC TYL CSCO APP IQV CRL DELL HPQ ETR
Other NVCR BBIO CROX VKTX IRDM OSCR UUUU BMNR TSM WULF ICLR ASTS SNY TCOM TRIP RGTI CLF UL AG

XLRE

Real estate is starting to breakout on weekly chart and will be a beneficiary if rates lower or there is a rotation into defensives. At the individual stock level one can consider PLD, WELL, EQIX with the latter a data center REIT strongly up today on earnings and potentially extended in the short term.  Specialty REITS may be outperformers with the 3 mentioned different from malls and office REITS.  One can look for pullbacks since up today premarket.