Qixun US Stock Market Preview | June 25, Beijing Time
Tonight, watch two things: PCE inflation data + how semiconductors react after Micron (MU) reports.
20:30 Key data
Core PCE MoM: expected +0.3%, prior +0.2%; PCE MoM: expected +0.5%, prior +0.4%; Initial jobless claims: expected 225k, prior 226k.
If PCE comes in higher than expected, QQQ/SMH/NVDA are likely to face pressure; if it’s moderate, tech stocks may get a chance to rebound.
Most important single stock: $MU
Micron’s earnings beat expectations significantly:
EPS: 25.11 vs 20.98 Revenue: $41.456B vs $35.912B
Tonight’s key is whether MU can drive:
SMH / $NVDAB / $AMD / MRVL / AVGO
Focus points
1. After MU opens higher, does it pull back? 2. Does SMH follow higher? 3. Does QQQ outperform DIA/IWM? 4. Does Core PCE suppress tech valuations? 5. Does CRCL keep selling off?
One sentence
The main theme tonight is: PCE determines tech stock valuations, and MU determines semiconductors’ sentiment.
Tonight, watch two things: PCE inflation data + how semiconductors react after Micron (MU) reports.
20:30 Key data
Core PCE MoM: expected +0.3%, prior +0.2%; PCE MoM: expected +0.5%, prior +0.4%; Initial jobless claims: expected 225k, prior 226k.
If PCE comes in higher than expected, QQQ/SMH/NVDA are likely to face pressure; if it’s moderate, tech stocks may get a chance to rebound.
Most important single stock: $MU
Micron’s earnings beat expectations significantly:
EPS: 25.11 vs 20.98 Revenue: $41.456B vs $35.912B
Tonight’s key is whether MU can drive:
SMH / $NVDAB / $AMD / MRVL / AVGO
Focus points
1. After MU opens higher, does it pull back? 2. Does SMH follow higher? 3. Does QQQ outperform DIA/IWM? 4. Does Core PCE suppress tech valuations? 5. Does CRCL keep selling off?
One sentence
The main theme tonight is: PCE determines tech stock valuations, and MU determines semiconductors’ sentiment.