Morning Market News Digest And Comments 早盘市场新闻摘要与评论

Pacific Time 7:57 AM : Dow +258.10，  S&P 500+34.39， Nasdaq+105.64， Russell 2000 +16.50, WTI crude oil+1.63%，Gold-0.52%， US dollar index+0.20%.

Oversea markets: Shanghai＋0.58%, Japan -0.59%, Hong Kong+0.02%, Germany+1.26%, UK+0.43%, France+0.89%.

Weak sectors: SMH, GDX, GDXJ, SLV  Strong sectors:IGV, FDN, IBB, SOCL, IYM, XLY, PPH, XLF, EWG

US stock market opened up strongly as better economic reports and strong European stock markets lend support. Both the S&P 500 and Nasdaq Composite surged pass through their 50 day moving averages. This turns the market trend from down to up. Now the resistance level for the market is Dow 50 day moving average at 26061 and supports are the 50 day moving averages of S&P 500 and Nasdaq Composite at 2866 and 7862 respectively.

。The U.S. Commerce Department said on Wednesday it is adding Huawei Technologies Co Ltd and 70 affiliates to its so-called “Entity List” - a move that will make it much more difficult for the telecom giant to buy parts and components from U.S. companies. U.S. officials said the decision would also make it difficult for Huawei to sell some products because of its reliance on U.S. suppliers. Commerce Secretary Wilbur Ross said in a statement President Donald Trump backed the decision that will “prevent American technology from being used by foreign owned entities in ways that potentially undermine U.S. national security or foreign policy interests.” ---Reuters

。Huawei exposure data from Mizuho. Note that Huawei is broadly a major Micron customer: Skyworks, 10%+ (customer); Qualcomm, 10% (customer); Qorvo, 10% to 15%+ (customer); Broadcom (AVGO -2%), less than 5% (customer); Xilinx, about 10% (exposure); Intel (INTC +0.3%), about 2% (exposure).

。China’s state-run media outlets have come out in force this week after keeping relatively quiet in the wake of U.S. President Donald Trump’s surprise announcement of tariff increases. “I expect it was ordered by the top leadership to forward the narrative of the U.S. as bully and China as victim,” said Scott Kennedy, director for the project on Chinese business and political economy at the Center for Strategic and International Studies. On Monday, Chinese state broadcaster CCTV’s 7 p.m. prime time news roundup featured a strong statement from announcer Kang Hui on trade that went viral on social media.---CNBC

。Housing Starts: +5.7% to 1.235M vs. 1.200M expected, 1.168M prior (revised from 1.139M). Building permits 1.296M vs. 1.290M expected and 1.288M prior (revised from 1.269M). May Philly Fed Business Outlook: +16.6 vs. +10 consensus, +8.5 prior.---Seeking Alpha

。Berkshire indeed bought a stake in Amazon, one which as of March 31, 2019 consisted of just 483,300 shares, amounting to $860.6 million. Put in context, of all 45 positions held by Berkshire as of March 31, Amazon ranked 27 in value. Indicatively, Berkshire's top five positions were the following:

Apple: $47.4 billion, 249.6 million shares
Bank of America: $24.7 billion, 896.2 million shares
Wells Fargo: $19.8 billion, 409.8 million shares
Coca Cola: $18.7 billion, 400 million shares
American Express: $16.6 billion, 151.6 million shares

---Zero Hedge

。Cisco (CSCO) reported better-than-expected fourth quarter results. Cisco reported earnings of 78 cents per share, 1 cent above Wall Street’s estimates, and revenue of $12.96 billion, $70 million above estimates. The company also gave strong guidance for the fourth quarter with estimated earnings per share and revenue both coming in higher than Refinitiv consensus estimates. ---CNBC

。Pfizer — The drugmaker was named a “top pick” at Credit Suisse following a meeting with Pfizer’s management team. Credit Suisse said the meeting increased its confidence in both management and the prospects for Pfizer’s new products. ---CNBC






太平洋时间上午7:57：道指+258.10，标准普尔500指数+ 34.39，纳斯达克指数+ 105.64，罗素2000 +16.50，WTI原油+ 1.63％，黄金-0.52％，美元指数+ 0.20％。

海外市场：上海+ 0.58％，日本-0.59％，香港+ 0.02％，德国+ 1.26％，英国+ 0.43％，法国+ 0.89％。

弱势行业：SMH，GDX，GDXJ，SLV强势行业：IGV，FDN，IBB，SOCL，IYM，XLY，PPH，XLF，EWG

随着今早经济消息利好及强劲的欧洲股市提供支撑，美国股市开盘走强。 标准普尔500指数和纳斯达克综合指数均飙升突破50日移动平均线。 这改变了市场趋势有跌转升。 现在市场的阻力水平是道琼斯50日移动平均线26061，支撑是标准普尔500指数和纳斯达克综合指数的50天移动平均线分别为2866和7862。

。美国商务部周三表示，它将把华为技术有限公司和70家子公司纳入其所谓的“实体名单” - 此举将使这家电信巨头更难以从美国公司购买零部件。 美国官员表示，由于依赖美国供应商，这一决定也将使华为难以出售部分产品。 美国商务部长威尔伯罗斯在一份声明中表示，唐纳德特朗普总统支持这一决定，该决定将“阻止美国技术被外国实体用于可能破坏美国国家安全或外交政策利益的方式”。---Reuters

。来自 Mizuho数据显示与华为有生意来往的公司有：华为广泛是美光的主要客户：Skyworks，10％+（客户）; 高通，10％（客户）; Qorvo，10％至15％+（客户）; Broadcom（AVGO ），不到5％（客户）; Xilinx，约10％（ 英特尔（INTC ），约2％（。---Seeking Alpha

。在美国总统唐纳德特朗普突然宣布提高关税后，中国国营媒体在本周保持相对平静之后已经开始发言。 “我觉得最高领导层的指示是将美国的行为视为欺凌，中国是受害者，”战略与国际研究中心中国商业与政治经济项目主任斯科特肯尼迪说。 周一，中国国家电视台中央电视台下午7点在 黄金时段新闻综述报道了播音员Kang Hui在社交媒体上传播的有力贸易的强烈声明在社交媒体疯传。---CNBC

。房屋开工率：+ 5.7％至1.235M，预期为1.200M，之前为1.168M（从1.139M修订）。 建筑许可证为1.296M，预期为1.290M，之前为1.288M（从1.269M修订）。5月费城美联储商业展望：+16.6 vs. +10共识，+ 8.5先前。---Seeking Alpha

。伯克希尔（Berkshire）确实购买了亚马逊的股份，其中一个截至2019年3月31日的股份仅包括483,300股，总计8.660亿美元。 根据伯克希尔截至3月31日持有的所有45个头寸的情况，亚马逊的价值排名为27。 从表面上看，伯克希尔的持股前五位是：

苹果：474亿美元，2.496亿股
美国银行：247亿美元，8.962亿股
富国银行：198亿美元，4.098亿股
可口可乐：187亿美元，4亿股
美国运通：166亿美元，1.516亿股

---Zero Hedge

。思科（CSCO）报告第四季度业绩好于预期。 思科公布的每股收益为78美分，比华尔街预期高1美分，营收为129.6亿美元，高于预期的7,000万美元。 该公司还为第四季度提供了强有力的指引，估计每股收益和营收均高于Refinitiv的一致预期。---CNBC

。在与辉瑞公司（PFE）管理团队会面后，瑞士信贷将PFE评为“首选”。 瑞士信贷表示，会议增加了对管理层和辉瑞新产品前景的信心。---CNBC