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

Pacific Time 7:51 AM : Dow +71，  S&P 500 +5.65， Nasdaq -1.50， Russell 2000 -8.75 ,WTI crude oil -0.04%，Gold+0.61%， US dollar index-0.35%, 10 Year Treasury yield 2.097%-0.026

Oversea markets: Shanghai-1.17%, Japan-0.01%, Hong Kong +0.26%, Germany-0.15%, UK+0.58%, France-0.0.04%.

Weak sectors: XRT, IYT, IBB, FDN, XLF  Strong sectors:GDXJ, TLT, GDX, SLV, GLD, PPH

Major US stock indexes are trading in narrow range and are mixed this morning after big up moves from the last two days. Investors are waiting for result on US-Mexican trade negotiation as both sides will resume meeting today. Since major stock indexes have recovered above their 200 day moving averages, stock market trend is now biased to the upside unless supports are broken. Dow support is 25425 and resistance is 25565. S&P 500 support is 2800 and resistance is 2826. Nasdaq support is 7517 and resistance is 7600.

。Mexican and U.S. officials are set to resume talks in Washington on Thursday aimed at heading off punitive tariffs on Mexican goods after President Donald Trump said more needed to be done to curb migration at the southern U.S. border. The two sides met on Wednesday for discussions led by Vice President Mike Pence in an effort to strike a deal that would satisfy the U.S. president, who has called for the imposition of tariffs from Monday. “Immigration discussions at the White House with representatives of Mexico have ended for the day. Progress is being made, but not nearly enough!” Trump, traveling in Europe to mark the 75 anniversary of D-Day, tweeted late on Wednesday. ---Reuters

。The U.S. trade deficit unexpectedly narrowed in April as imports of goods dropped to a 15-month low. The Commerce Department said the trade deficit fell 2.1% to $50.8 billion in April. Data for March was revised up to show the trade gap increasing to $51.9 billion instead of the previously reported $50.0 billion. The government revised trade data from 2014. Economists polled by Reuters had forecast the trade gap would widen to $50.7 billion in April. ---Reuters

。ECB revised up GDP growth forecasts for 2019 euro-area growth and inflation by 0.1 percentage points in its new projections, it trimmed its 2020 and 2021 GDP forecasts from the March forecast, by 0.2% and 0.1%, respectively: Sees 2019 at 1.3% vs 1.2% in March. Sees 2020 at 1.4% vs 1.5%. Sees 2021 at 1.6% vs 1.6%.---Zero Hedge

。Morgan Stanley upgrades AMD to equal-weight from underweight and raises the price target to $28 from $17. “Being cautious on the stock has obviously been the wrong call, even though we were right on some aspects,” Morgan Stanley equity analyst Joseph Moore says.
AMD, which was the best performing stock in the S&P 500 in 2018, is up over 88% in the last 12 months and 59% this year. ---CNBC

。Ciena (CIEN)The networking equipment maker beat estimates by 7 cents a share, with adjusted quarterly profit of 48 cents per share. Revenue came in well above Wall Street projections, helped by what Ciena calls “improving industry dynamics” as well as growing market share and competitive advantages. ---CNBC

。Costco (COST)reported a 4.2% increase in comparable-store sales for May, missing the 4.6% consensus estimate of analysts polled by StreetAccount. ---CNBC

。Canopy Growth (CGC) – Stifel Nicolaus rates the cannabis producer “buy” in new coverage, saying it represents the best investable opportunity among its peers to capitalize on growth in the industry.

。Amazon (AMZN) drones will be making deliveries in "months," beginning test runs of toothpaste and household goods weighing as much as five pounds. "From paragliders to power lines to a corgi in the backyard, the brain of the drone has safety covered," said Jeff Wilke, who oversees Amazon's retail business. Where will the program start? It's not known yet, but the devices will make deliveries within 7.5 miles of a company warehouse and reach customers within 30 minutes. ---Wall Street Breakfast

。Barclays cuts its Lumentum (LITE) price target from $60 to $50 and maintains an Overweight rating. The firm cites an "increasingly weak market." Qualcomm's (QCOM) target drops from $100 to $90 on the U.S. action against Huawei. ---Seeking Alpha





太平洋时间上午7:51：道指+71，标准普尔500指数+5.65，纳斯达克指数-1.50，罗素2000 -8.75，WTI原油-0.04％，黄金+ 0.61％，美元指数-0.35％，10年期国债收益率2.097％-0.026

海外市场：上海 -  1.17％，日本 -  0.01％，香港+ 0.26％，德国 -  0.15％，英国+ 0.58％，法国 -  0.0.04％。

弱势行业：XRT，IYT，IBB，FDN，XLF  强势行业：GDXJ，TLT，GDX，SLV，GLD，PPH


美国主要股指在过去两天大幅上涨后，今早在窄幅震荡并涨跌互见。 由于美墨双方将于今日恢复会晤，投资者正在等待美墨贸易谈判的结果。 由于主要股指已经回升至200日移动均线之上，股市走势现在偏向上行，除非支撑被击穿。 道指支撑位为25425，阻力位为25565。标准普尔500指数支撑位为2800，阻力位为2826。纳斯达克支撑位为7517，阻力位为7600。

。墨西哥和美国官员将于周四在华盛顿恢复谈判，旨在取消对墨西哥货物的惩罚性关税，此前总统唐纳德特朗普表示，需要采取更多措施来遏制美国南部边境的移民问题。双方于周三举行会谈，讨论由副总统迈克彭斯领导，以达成协议，以满足美国总统的要求，美国总统呼吁从周一征收关税。特朗普在欧洲旅行庆祝D日的75周年，周三晚些时候发推文说  “白宫与墨西哥代表的移民讨论已经结束。 正在取得进展，但还远远不够！“。 ---路透社

。4月份美国贸易逆差意外收窄，原因是货物进口量降至15个月以来的最低水平。美国商务部表示，4月贸易逆差下降2.1％至508亿美元。 3月数据被上调，显示贸易逆差增加至519亿美元，而非先前报告的500亿美元。政府修正了2014年的贸易数据。路透社调查的经济学家预测，4月贸易逆差将扩大至507亿美元。 ---路透社

。欧洲央行将2019年欧元区经济增长和通胀的GDP增长预测上调0.1个百分点，将其预测的2020年和2021年GDP预测分别下调0.2％和0.1％：2019年为1.3％对比 3月是预期的1.2％。 2020年为1.4％对1.5％。2021年为1.6％对1.6％.---零对冲

。摩根士丹利将AMD的股票评级从“减持”调升至同等权重，并将价格目标从17美元上调至28美元。摩根士丹利（Morgan Stanley）股票分析师约瑟夫·摩尔（Joseph Moore）表示，“对股票持谨慎态度显然是错误的，尽管我们在某些方面看法正确”。 AMD是2018年标准普尔500指数中表现最好的股票，过去12个月涨幅超过88％，今年涨幅达59％。 --- CNBC

。Ciena（CIEN）：该网络设备制造商每股盈利好于预期7美分，调整后的季度利润为每股48美分。由于Ciena所说的“改善行业动态”以及不断增长的市场份额和竞争优势，营收远远高于华尔街预测。 --- CNBC

。Costco（COST）报告5月份可比店面销售额增长4.2％，低于StreetAccount调查的分析师普遍预期的4.6％。 --- CNBC

。Canopy Growth（CGC）： Stifel Nicolaus评估大麻生产商在新的覆盖范围内“买入”，称其代表了同行中利用行业增长的最佳投资机会。---CNBC

。亚马逊（AMZN）无人机将在几个月内交付，开始测试重达5磅的牙膏和家用物品。 负责亚马逊零售业务的杰夫威尔克说：“从滑翔伞到动力线到后院的小狗，无人机的大脑都有安全保障。” 该计划将从何时开始？ 目前还不知道，但这些设备将在距离公司仓库7.5英里的范围内交货，并在30分钟内到达客户手中。 ---Wall Street Breakfast

。巴克莱将其Lumentum（LITE）价格目标从60美元下调至50美元但维持增持评级。 该公司引用了“市场越来越疲软”的理由。在美国针对华为的行动影响下高通公司（QCOM）的目标价被巴克莱从100美元降至90美元。---Seeking Alpha