The Simple Side's Morning Market Espresso
Monday, July 7: A shot of actionable financial news that doesn't break the bank.
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Market Overview
S&P 500: 6,312.00 (▲ 0.45%)
Dow: 45,110.00 (▲ 0.59%)
Nasdaq: 22,987.00 (▲ 0.35%)
Key Indicators
10-Year Treasury: 4.37% (▲ 2.04%)
VIX: 17.48 (▲ 6.72%)
Gold: $3,312.50 (▲ 0.45%)
Oil: $67.05 (▼ 0.75%)
Bitcoin: $109,176.51 (▲ 0.12%)
Top News & Movers
Valaris (VAL)
Secured $760 million in new offshore drilling contracts with Anadarko. This includes a 940-day extension for VALARIS DS-16 and a new 914-day agreement for DS-18. Boosts backlog and offshore positioning.
Capgemini (CAPMF)
Announced a $3.3B acquisition of WNS (WNS) to enhance AI services. The deal is EPS accretive and sets Capgemini up as a key AI solutions player.
Shell (SHEL)
Guided for Q2 weakness: Lower upstream output, weak Chemicals trading, and expected losses of up to $600M. Shares fell 1.6% in London.
XPeng (XPEV)
Launched the G7 SUV featuring its in-house Turing AI chip. Targets Tesla (TSLA) and Xiaomi in EV AI leadership.
Foxconn (FXCOF)
Posted record Q2 revenue with AI product demand soaring. Revenues rose 15.82% YoY, driven by Cloud & Networking.
Stellantis (STLA)
Stock dropped 4% on a recall probe involving 1.2M Ram trucks over brake transmission issues, linked to six deaths.
Tesla (TSLA)
Downgraded by William Blair to Market Perform due to changes in EV tax credits. Loss of the $7,500 credit could dampen demand.
Molina Healthcare (MOH)
Guided lower Q2 EPS (~$5.50) citing rising medical costs. FY guidance trimmed, stock fell 6% premarket.
Apple (AAPL)
Appealing a €500M EU fine tied to App Store practices. Apple claims the order is unlawful and disproportionate.
Nissan (NSANY)
Announced a $4B bond sale to fund EV investments. Stock fell 5% amid concerns about debt load and margin pressure.
Royal Gold (RGLD)
Buying Sandstorm Gold (SAND) and Horizon Copper for $3.5B+. Consolidates royalty streams and boosts gold exposure. Sandstorm jumped 9.5%.
Wabtec (WAB)
Acquiring Frauscher Sensor Tech for €675M to expand its digital railway intelligence portfolio.
Nokia (NOK)
Partnering with Indosat on AI-powered energy efficiency tools, aiming to reduce telecom carbon emissions.
Ellomay Capital (ELLO)
Signed long-term PPAs with Statkraft for 3 solar plants in Italy, covering 75% of output. Adds stability to renewable cash flows.
Fundamental & Technical Watchlist
Current Price: $213.55 | Market Cap: $3.19T | Sector: Technology
Technical Setup
RSI(14): 67.49 – Momentum is elevated but not extreme
Moving Averages: Trading above 20/50-day EMAs, but still slightly below the 200-day
MACD: Neutral, slight bullish slope
Range to Watch: Support at $208, resistance at $218
Intraday Target: If momentum holds, could retest $217–$218 resistance; otherwise expect bounce support near $210
Fundamental View
GF Score: 95. Excellent profitability, leadership, and market share. Regulatory risks over App Store still linger but fundamentals remain dominant.
Current Price: $5.19 | Market Cap: $28B | Sector: Hardware
Technical Setup
RSI(14): 47.52 – Balanced, no extremes
EMA/SMA Trends: Holding above key MAs (20, 50, 200)
MACD: Positive but losing momentum
Target Zones: Next key resistance at $5.45; support sits at $5.05
Volatility Pick-Up: High VIX and FX pressures may bring sharp moves
Fundamental View
GF Score: 74. Stable metrics, growing sustainability presence. AI-energy deal with Indosat adds a green catalyst to the narrative.
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