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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 – neutral set-up

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

      •        Yields: 30Y Bond +0.11%  Currencies:  USA$-0.15% CAD +0.08% YEN +0.06%  BTC/USD+0.5%  Vix:20.5

      •        Events USA: Consumer sentiment 10ET  CDN: Retail Sales  830ET

      •        Stock News:   PG+4% INTC+28% SAP+7% BKR+0.02% FIX+7% MXL+42%     HCA-6.8% NSC-0.7%  Earnings
Equity: USA indices higher premarket with bulk of the move in technology with outsized semiconductor moves. Oil dropped premarket and contributing to the market higher. INTC and NXL massive move higher on earnings. INTC results were not great but outperformed low expectations and shorts are covering.   Non-AI semi companies like TXN, ADI, ON, STM all higher as semi enthusiasm broadens. AMD large move on INTC results.  MAGS led by MSFT as software names are rising in parallel with semis. AAPL the laggard as its the defensive name. SPX 0DTE indicates chop within a range 7160-7050. As was seen yesterday, the market is jumpy and large intraday moves are a potential on news headlines regarding the Iran war and the SoH. Fridays have often had large moves and SPX is little changed this week so would not be surprising if there was a large move into EOD
  

      •        Stock INTC AMD MSFT QCOM  USO    Speculative  MXL POET NVTS
Indices SMH XLK QTUM AIPO QQQ MSOS ARKK IGV KWEB  USO UNG XLE XLV XLF

S&P500 INTC AMD SMCI PG QCOM SNDK HOOD NOW AVGO CCL MSFT PLTR TSLA   OXY XOM
Other MXL POET XNDU ARM SAP CAR NVTS OKLO ASX IREN HIMS TSMC

QCOM

QCOM is primarily in the cellphone semi space and therefore has lagged the other names. It reports earnings next week with an expected move of +/-17/ Higher premarket with the surge into semis with potential for pullback but an idea IF the exuberance in semis continues. Risk is trees don’t grow to the stratosphere.