Morning Market News Digest And Comment 早盘市场新闻摘要及评论

Pacific Time 7:55AM : Dow +54，  S&P 500 +5.87， Nasdaq +52， Russell 2000 +4 WTI crude oil +2.77%，Gold-0.58%， US dollar index+0.15%, 10 Year Treasury yield 2.018% +0.024

Oversea markets: Shanghai-0.19%, Japan-0.51%, Hong Kong +0.13%, Germany+0.10%, UK-0.05%, France -0.17%.

Weak sectors: GDX, GDXJ, IYR, GLD, PPH, IBB  Strong sectors: SMH, OIH, FXI, EEM, SOCL, FDN

Micron earning came in better than expected, Treasury Secretary said US-China trade deal is 90% done and strength in oil price helped stock market this morning. At its high, the Dow was up 112 point but has now pull back to only up 54 points.  Nasdaq Composite was up almost 90 points and is now only up 52. Fear gauge ETF VXX was down 0.66 and then bounced sharply to only down 0.36.  Investors are selling rallies. Technically, the Dow has formed multiple tops while both the S&P 500 and Nasdaq Composite are seeing double tops. The weakest is Russell 2000 which formed head and shoulder top and is below its 200 and 50 day moving averages. The Dow Transportation Index has also formed head and shoulder top and is below its 200, 50 and 20 day moving averages. The divergence between the Dow and Dow Transportation Index is bearish for the overall market according to Dow Theory. There is still looming danger of the stock market and is time to be cautious.

。“We were about 90% of the way there [with a deal] and I think there’s a path to complete this,” US Treasury Secretary Mnuchin  told CNBC’s Hadley Gamble in Manama, Bahrain. He’s optimistic that progress can be made during weekend talks between President Donald Trump and China’s Xi Jinping. A Bank of America Merrill Lynch survey of investors finds that about two-thirds expected no deal this weekend, but no new tariffs either. The drag on the economy from tariffs and weakened sentiment is expected to continue until there is a real deal.  Stocks are likely to see a temporary relief rally and bonds could sell off if there is a ‘ceasefire’ declared in the trade wars by the U.S. and China this weekend, but the damage to the global economy could continue until a tariff-ending deal is struck. ---CNBC

。May Durable Goods: -1.3% vs. 0.0% expected, -2.8%  (revised from -2.1%) prior. Core Durable Goods: +0.3%vs. +0.1% expected,  -0.1%(revised from flat) prior. ---Seeking Alpha

。The American Petroleum Institute reportedly shows a draw of 7.54M barrels of oil for the week ending June 21, following an 812K-barrel draw in the previous week. Oil price rises.---Seeking Alpha

。In a wide-ranging interview on Fox Business this morning, President Trump told Maria Bartiromo, reflecting in the bias against conservative speakers, that "we should be suing Google （GOOG） and Facebook （FB）and perhaps we will,” sending social media stocks lower. Additionally, Trump warned that substantial additional U.S. tariffs would be placed on goods from China if there’s no progress on a trade deal after his planned meeting with Chinese counterpart Xi Jinping at the G-20 Summit in Japan.  ---Zero Hedge

。Micron Technology (MU): Q3 Non-GAAP EPS of $1.05 beats by $0.26; GAAP EPS of $0.74 beats by $0.15. Revenue of $4.79B (-38.6% Y/Y) beats by $90M. Adjusted gross margin was 39.3%, down from last year's 60.9% but near the upper end of Micron's guidance.The Q4 view has revenue within $200M of $4.5B (consensus: $4.56B) and EPS within $0.07 of $0.45 (consensus: $0.70). Gross margin expected within 1.9% of 29% (consensus: 34.8%). ---Seeking Alpha

。FedEx (FDX): Q4 Non-GAAP EPS of $5.01 beats by $0.18; GAAP EPS of -$7.56 misses by $11.50. Revenue of $17.8B (+2.9% Y/Y) misses by $50M. Looking ahead, operating income at FedEx Ground and FedEx Freight is expected to increase due to higher revenues. At FedEx Express, macroeconomic weakness and trade uncertainty, continued mix shift to lower-yielding services and a strategic decision to not renew a customer contract are anticipated to negatively impact operating income. "Our fiscal 2020 performance is being negatively affected by continued weakness in global trade and industrial production, especially at FedEx Express," notes FedEx CFO said Alan Graf. ---Seeking Alpha

。Wedbush raised its price target on Roku to $105 from $65. Wedbush said Roku has “substantial” growth opportunities. “Roku has built an exceptional platform on the back of its players, and as it expands in the rapidly growing Smart TV category, it has positioned itself as best in class for OTT advertising and is poised for international expansion. ” ---CNBC

。Wedbush lowers its Q2 unit delivery forecast on Tesla (TSLA) to 84K from 88K to reflect its view on demand. "We continue to believe the biggest overhang around the story is Tesla's ability to hit its overall unit guidance for 2019 of 360k to 400k units as this will be the telling tale of demand trends as Tesla is now a 'demand story' rather than a production story," writes analyst Dan Ives. He thinks Tesla hitting 275K Model 3 deliveries during the year would be viewed as a success.
Wedbush keeps a Neutral rating on Tesla and price target of $230. The consensus sell-side rating on Tesla is Hold. ---Seeking Alpha






太平洋时间上午7:55：道指+54，标准普尔500指数+5.87，纳斯达克+52，罗素2000 +4 WTI原油+ 2.77％，黄金-0.58％，美元指数+ 0.15％，10年期国债收益率2.018％+0.024

海外市场：上海-0.19％，日本-0.51％，香港+ 0.13％，德国+ 0.10％，英国-0.05％，法国-0.17％。

弱势行业：GDX，GDXJ，IYR，GLD，PPH，IBB强势行业：SMH，OIH，FXI，EEM，SOCL，FDN


美光财报好于预期，美国财政部长表示美中贸易协议已完成90％，油价走强帮助今早股市上涨。 道指最高时上涨了112点，但现在已回落至仅上涨54点。 纳斯达克综合指数最高上涨近90点，目前仅上涨52点。恐惧指标ETF VXX下跌0.66然后大幅反弹至仅下跌0.36。 投资者正在逢高卖出股票。 从技术上讲，道琼斯指数已形成多重顶，而标准普尔500指数和纳斯达克综合指数均已出现双顶。 最弱的是罗素2000，它形成了头肩顶并且低于200和50天的移动平均线。 道指交通指数也形成了头肩顶并且低于其200日，50日和20日均线。 根据道氏理论，道指和道指交通指数之间的趋势背离对整体股市利空。 股市仍有迫在眉睫的危险，是时候保持谨慎。

。“我们已完成约有90％中美贸易协议，而且我认为会有一条完成此事的途径，”美国财政部长 Mnuchin在巴林麦纳麦告诉CNBC的Hadley Gamble。他对唐纳德特朗普总统与中国习近平周末会谈取得的进展表示乐观。美国银行美林（Bank of America Merrill Lynch）对投资者的一项调查发现，大约三分之二的人预计本周末不会达成协议，但也没有新的关税。关税和疲软情绪对经济的拖累预计将持续到实际达成协议为止。如果本周末美国和中国在贸易战中宣布“停火”，股市可能会出现暂时的缓解反弹，债券可能会抛售，但对全球经济的损害可能持续到关税终止协议为止。击中。 --- CNBC

。5月耐用品订单：-1.3％预期为0.0％，之前为-2.8％（从-2.1％修正）。核心耐用品：+ 0.3％，预期为+ 0.1％，之前为-0.1％（从持平修订）。 ---Seeking Alpha

。美国石油协会在截至6月21日的一周内，存储量在前一周的81200桶下跌后，显示了754万桶石油的大幅下挫。油价因而上升。---Seeking Alpha

。特朗普总统在今天早上对福克斯商业的广泛访谈中告诉玛丽亚巴蒂罗莫，反对保守派发言人的偏见，“我们应该起诉谷歌 （GOOG）和Facebook （FB），或许我们会这样做”，社交媒体股票随之走低。另外，特朗普警告称，在日本20国集团峰会上与中国国家主席习近平举行会谈后，如果贸易协议没有取得进展，将会对来自中国的商品征收大量额外的美国关税.---Zero Hedge

。美光科技（MU）：第三季度非GAAP每股盈利1.05美元，好于预期0.26美元; GAAP每股收益0.74美元，好于预期0.15美元。营收47.9亿美元（同比下降38.6％）超过预期9000万美元。调整后的毛利率为39.3％，低于去年的60.9％，但接近美光公司指引的上限。第四季度的收入在450＋- 2亿美元之内（市场预期：456亿美元），每股盈利在0.07美元以上，市场价格为0.45 +-0.07美元之内（市场预期：0.70美元） 。毛利率预计在29％＋-1.9％（市场预期：34.8％）。 ---Seeking Alpha

。联邦快递（FDX）：第四季度非美国通用会计准则每股盈利5.01美元，好于预期0.18美元; GAAP每股收益为7.56美元，坏于预期的11.50美元。营收为17.8亿美元（同比增长2.9％），低于预期5000万美元。展望未来，由于收入增加，FedEx Ground和FedEx Freight的营业收入预计将增加。在FedEx Express，宏观经济疲软和贸易不确定性下，持续混合转向低收益服务以及不续签客户合同的战略决策预计会对营业收入产生负面影响。 “我们的2020财年业绩受到全球贸易和工业生产持续疲软的负面影响，特别是在FedEx Express，”联邦快递首席财务官Alan Graf表示。 ---Seeking Alpha

。Wedbush将Roku的价格目标从65美元上调至105美元。 Wedbush表示Roku拥有“实质性”增长机会。 “Roku在其播放器的支持下建立了一个卓越的平台，随着它在快速增长的智能电视类别中的扩展，它已经成为OTT广告的最佳平台，并准备进行国际扩张。 “--- CNBC

。Wedbush将特斯拉（TSLA）的Q2单位交付预测从88K下调至84K，以反映其对需求的看法。 “我们仍然认为，围绕这个故事的最大悬念是特斯拉能够在2019年达到360k到40万单位的整体单位指导，因为这将成为需求趋势的有说服力的故事，因为特斯拉现在是一个'需求故事'而不是生产 故事，“分析师Dan Ives写道。 他认为特斯拉在年内达到275K Model 3的交付将被视为成功。Wedbush对特斯拉保持中性评级，目标价为230美元。 对特斯拉的一致卖方评级为持有。 ---Seeking Alpha