US Stocks

• Global stocks are advancing this morning as investors continue to view the restart of US-Chinana trade talks as a positive sign 
• The USD$ is weakening this morning following news that US President Trump criticized hawkish Fed policy to Republican donors in the Hamptons last night 
• BHP Biliton (ASX:BHP) CEO Andrew Mackenzie, during an interview with Bloomberg, says the US will lose from a global trade war as flows shift to other countries  
• US stocks index futures are pointing to a positive open in NY with the Dow Jones minis +0.21%, S&P500 minis +0.18% and Nasdaq 100 minis +0.29% 
• The VIX is little changed this morning and is currently at 12.4 after closing at 12.49 yesterday 
• Flex (FLEX) September 21 OTM Puts, EEM September OTM Puts, SPY December 31 Calls, and HYG Septembe 21 OTM Calls & Puts are the most heavily traded options contracts in the US pre-market 
• US 10-Year Treasury Bonds are lower with yields up 1.98 basis points to 2.8388%
• The US Treasury 2s-10s Spread has widened 0.53 basis points to 0.24%
• WTI Crude is currently up 0.79% to USD$66.43/bbl with the Brent-WTI spread down USD$-0.43 to USD$5.31/bbl
• Gold is currently up 0.3% to USD$1194.04/oz

Stocks Trending in the News

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• BHP Billiton Limited (ASX:BHP) reported FY2018 net income of AUD$8.9 bn, representing a 33% Y/Y increase driven largely by a rise in commodity prices, although profit fell short of analyst expectations (AUD$9.2bn projected). BHP Billiton has an “Attractive” rating in our Australia All-Cap model. 
• China Telecom (SEHK:728) posted F1H2018 net profit to USD$1.99bn, which represents an 8.1% Y/Y increase. Shares of China Telecom rose 5.02% to HKD$3.76 today. China Telecom has an “Attractive” rating in our China All-Cap model.  
• Medtronic Plc (MDT) reported F1Q2019 EPS that was stronger than forecasted ($1.17 vs $1.11 expected). Medtronic shares are up 3.85% to $93.50 before the open. Medtronic is unranked in our Global Top Picks models. 
• Ping An (SEHK:2318) released F1H2018 net income of ¥58.1bn, representing a 34% Y/Y increase. The company also increased its quarterly dividend by 24% to ¥62 per share, up from ¥50. Ping An shares rose 1.44% in today’s trading to HKD$70.35. Ping An has an “Attractive” rating in our China All-Cap model.  
• Toll Brothers (TOL) announced F3Q2018 EPS that beat the consensus ($1.26 vs $1.03 projected). Shares of Toll Brothers are up 7.40% to $37.30 pre-market. Toll Brothers has an “Attractive” rating in our US Large-Cap model, and an “Unattractive” rating in our US Consumer Discretionary model. 

European Stocks

• European stocks are rallying for the second day in a row as the impact of a weaker USD$ and continued trade talks between China and the US are in focus 
• The Euro Stoxx 600 is currently up +0.34%, the FTSE 100 has declined -0.19%, the DAX has advanced +0.71%, and the CAC 40 has risen +0.76%
• Construction & Materials (+0.75%), Utilities (+0.7%), and Banks (+0.6%) stocks are the top performers in the Euro Stoxx 600 today
• 67 stocks in the Euro Stoxx 600 are at 4-week highs while 18 stocks are at 4-week lows
• 22 stocks in the Euro Stoxx 600 are overbought while 30 stocks are oversold according to the 16-day RSI Measure
• VSTOXX, the European stocks equivalent of the VIX, is moving little changed this morning and is currently at 13.61 after closing at 14.5 last week
• EUR€ is currently up +0.357% against the USD$ to 1.1523
• GBP£ is currently up +0.273% against the USD$ to 1.2833
• CHF is currently up +0.416% against the USD$ to 1.0128 
• German 10-Year Bunds are lower with yields up 2.2 basis points to 0.324%
• UK 10-Year GILTs are lower with yields up 2.7 basis points to 1.25%

Asian Stocks

• Asian stocks continued their rebound for the second straight day following news that state-backed funds in China were buying stocks on the Shanghai Stock Exchange 
• The Nikkei 225 finished up +0.09%, the Hang Seng ended up +0.56%, the Hang Seng China Enterprise up +0.99%, and the CSI 300 was +1.82%
• Pharmaceutical (+0.7%), Pulp And Paper (+0.52%), and Securities & Commodity Futures (+0.34%) stocks were the top performers among Japanese stocks today
• Information & Communication (-1.89%), Services (-0.92%), and Wholesale Trade (-0.91%) stocks were the worst performers among Japanese stocks today
• Investor sentiment for Japanese stocks finished negative with the advance/decline ratio for the Nikkei 225 closing at 0.72x
• 7 stocks in the Nikkei 225 hit 4-week highs while 11 stocks reached 4-week lows
• 4 stocks in the Nikkei 225 closed overbought while 11 stocks closed oversold according to the 16-day RSI Measure
• Investor sentiment for Hong Kong stocks finished neutral with the advance/decline ratio for the Hang Seng closing at 1.17x
• 3 stocks in the Hang Seng hit 4-week highs while 11 stocks reached 4-week lows
• 2 stocks in the Hang Seng closed overbought while 4 stocks closed oversold according to the 16-day RSI Measure
• Japan 10-Year Government Bonds are higher with yields down -1.8 basis points to 0.086%
• JGBs 2s-10s Spread has narrowed 2 basis points to 0.21%
• JPY¥ is currently up 0.164% against the USD$ to 110.25

*Data in Price Return and Updated Real-Time (with a delay), Source: StockDio

Stock Sentiment

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Top Stocks by 7-day News Volume

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Top Stocks by 7-Day Average News Buzz

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Implied Volatility Data For Liquid Macro Index ETFs

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S&P 500 Sector Performance

*Data in Price Return as of Previous Day's EOD, Source: StockDio

Russell 1000 Factor Performance

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Stock Movers From Our US Large-Cap Model

Top Buy Winners and Losers

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Source: S&P Capital IQ, StockDio

Top Short Winners and Losers

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Source: S&P Capital IQ, StockDio

Cryptos

• A report from blockchain analytics firm Chainanalysis finds the use of Bitcoin Cash in commerce is decreasing.  According to the research, Bitcoin Cash payments dropped to USD$3.7 million in May from USD $10.5 million in March, while the volume of Bitcoin (BTC) payments was estimated $60 million in May, down from a high of $412 million in September. 
• Police in India have arrested the Asia Head of Bitconnect, a now defunct cryptocurrecny trading platgfirm.  Authorities accuse Bitconnect of being a multi-billion dollar ponzi scam where investors would put capital into a vehicle that would be managing by a trading bot promising yield on their cryptocurrencies.  
• The Swiss Stock Exchange SIX Group formally says that there are no plans to include digital currencies on its digital assets platform. SIX Group is looking to bridge the gap between crowdfunding and ICOs rather than get involved in cryptocurrecny trading. 
• Zhesang Bank, one of the largest privately-owned commercial banks in China, has issued securities worth USD$66mm using blockchain technology.  According to CoinDesk, the blockchain platform, called Lianrong, was designed in-house by the bank to allow registered companies to broadcast account receivable assets to potential investors and to further let them settle invoice transactions as securities peer-to-peer. 

Cryptocurrencies Today

*Data in Price Return and Updated Real-Time (with a delay), Source: StockDio

Events Calendar

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Source: S&P Capital IQ