{"id":71558,"date":"2023-10-10T09:04:12","date_gmt":"2023-10-10T13:04:12","guid":{"rendered":"https:\/\/blog.t3live.com\/?p=71558"},"modified":"2023-10-10T09:04:38","modified_gmt":"2023-10-10T13:04:38","slug":"coffee-with-greta-rush-to-safety","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2023\/10\/10\/coffee-with-greta-rush-to-safety\/","title":{"rendered":"Coffee With Greta: Rush To Safety"},"content":{"rendered":"

Register now<\/a> for this tomorrow's free trading Q&A on LinkedIn with James Young from the Strategic Day Trader VTF\u00ae!<\/b><\/p>\n

DJIA Futures: <\/b>+62 (+0.2%)<\/span><\/p>\n

SPX Futures: <\/b>+4 (+0.1%)<\/span><\/p>\n

NASDAQ Futures: <\/b>+5 (+0.03%)<\/span><\/p>\n

Good morning friends!<\/span><\/p>\n

Futures are rising as Treasury yields drop.<\/span><\/p>\n

Let\u2019s get right to it!<\/span><\/p>\n

Yields Drop<\/span><\/h2>\n

Treasury yields are dropping this morning as investors flood the bond market amid uncertainty about the impact of the Israel-Hamas war.<\/span><\/p>\n

The 2-year yield is down 9 basis points at 4.99% while the 10-year yield is down 12 basis points at 4.69%.<\/span><\/p>\n

This is the first day the bond market is open since the war began after being closed for Columbus Day on Monday.\u00a0<\/span><\/p>\n

Investors have concerns about how the war may affect the global economy and markets.\u00a0<\/span><\/p>\n

IMF Hikes U.S. Growth Outlook<\/span><\/h2>\n

The International Monetary Fund raised its projection for U.S. economic growth this year.\u00a0<\/span><\/p>\n

The group released an updated World Economic Outlook this morning, forecasting 2.1% growth in the U.S.\u00a0<\/span><\/p>\n

That was up 0.3% from its July forecast.\u00a0<\/span><\/p>\n

The IMF also raised its outlook for U.S. growth in 2024 by 0.5% to 1.5%.\u00a0<\/span><\/p>\n

But the group expects slower growth for the euro zone.\u00a0<\/span><\/p>\n

The euro zone\u2019s 2023 forecast was revised down by 0.2% to 0.7% and the 2024 forecast was lowered by 0.3% to 1.2%.<\/span><\/p>\n

The IMF reiterated its global growth forecast of 3% this year and lowered its 2024 global forecast by 0.1% to 2.9%.<\/span><\/p>\n

Pepsi Jumps After Earnings Beat<\/span><\/h2>\n

PepsiCo <\/b>(PEP) shares are up 1.0% ahead of the open after beating fiscal Q3 expectations on the top and bottom line.\u00a0<\/span><\/p>\n

Here\u2019s how the beverage giant\u2019s results compared to analysts\u2019 estimates:\u00a0<\/span><\/p>\n

    \n
  • Adjusted EPS: $2.25 vs $2.15 expected<\/span><\/li>\n
  • Revenue: $23.45 billion vs $23.39 billion expected<\/span><\/li>\n<\/ul>\n

    Net sales rose 6.7% year over year with organic revenue up 8.8%.<\/span><\/p>\n

    Pepsi hiked its full-year forecast for the third consecutive quarter following the beat.\u00a0<\/span><\/p>\n

    The company now expects EPS growth of 13% this year vs 12% previously.\u00a0<\/span><\/p>\n

    Palantir Wins Army Contract<\/span><\/h2>\n

    Palantir <\/b>(PLTR) shares are rising 2.5% in premarket trade after the data analytics company was awarded a $250 million Army contract.\u00a0<\/span><\/p>\n

    The company said it was \u201cawarded a new contract for up to three years to provide additional capabilities in support of the Combatant Commands (COCOMs), Armed Services, Intelligence Community, and Special Forces as they continue to test, utilize, and scale artificial intelligence (AI) and machine learning (ML) capabilities.\u201d<\/span><\/p>\n

    Since 2018, Palantir has provided the Army leading data integration, management, and AI model training.\u00a0<\/span><\/p>\n

    The company\u2019s president said, \u201cWe\u2019re honored to expand our partnership with the Army to continue delivering the most innovative technologies and advanced data applications across the Armed Services.\u201d<\/span><\/p>\n

    Unity CEO Retires<\/span><\/h2>\n

    Unity Software <\/b>(U) shares are up 3.9% ahead of the open after announcing its CEO\u2019s retirement.<\/span><\/p>\n

    In a post on its website today, the company said CEO John Riccitiello will retire as President, CEO, Chairman, and a member of the Board effective immediately.<\/span><\/p>\n

    Riccitiello said, \u201cIt\u2019s been a privilege to lead Unity for nearly a decade and serve our employees, customers, developers and partners, all of whom have been instrumental to the Company\u2019s growth. I look forward to supporting Unity through this transition and following the Company\u2019s future success.\u201d<\/span><\/p>\n

    Unity appointed James M. Whitehurst as interim CEO, President, and member of the Board.\u00a0<\/span><\/p>\n

    The current Lead Independent Director of the Board will take over as Chairman.\u00a0<\/span><\/p>\n

    The company said it \u201cwill initiate a comprehensive search process, with the assistance of a leading executive search firm, to identify a permanent CEO.\u201d<\/span><\/p>\n

    Unity reaffirmed its Q3 guidance with results set to be released after the market close on November 9.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

    Register now for this tomorrow’s free trading Q&A on LinkedIn with James Young from the Strategic Day Trader VTF\u00ae! DJIA Futures: +62 (+0.2%) SPX Futures: +4 (+0.1%) NASDAQ Futures: +5 (+0.03%) Good morning friends! Futures are rising as Treasury yields drop. Let\u2019s get right to it! Yields Drop Treasury yields are dropping this morning as investors flood the bond market amid uncertainty about the impact of the Israel-Hamas war. The 2-year yield is down 9 basis points at 4.99% while the 10-year yield is down 12 basis points at 4.69%. This is the first day the bond market is open since the war began after being closed for Columbus Day on Monday.\u00a0 Investors have concerns about how the war may affect the global economy and markets.\u00a0 IMF Hikes U.S. Growth Outlook The International Monetary Fund raised its projection for U.S. economic growth this year.\u00a0 The group released an updated World Economic Outlook this morning, forecasting 2.1% growth in the U.S.\u00a0 That was up 0.3% from its July forecast.\u00a0 The IMF also raised its outlook for U.S. growth in 2024 by 0.5% to 1.5%.\u00a0 But the group expects slower growth for the euro zone.\u00a0 The euro zone\u2019s 2023 forecast was revised down by 0.2% to 0.7% and the 2024 forecast was lowered by 0.3% to 1.2%. The IMF reiterated its global growth forecast of 3% this year and lowered its 2024 global forecast by 0.1% to 2.9%. Pepsi Jumps After Earnings Beat PepsiCo (PEP) shares are up 1.0% ahead of the open after beating fiscal Q3 expectations on the top and bottom line.\u00a0 Here\u2019s how the beverage giant\u2019s results compared to analysts\u2019 estimates:\u00a0 Adjusted EPS: $2.25 vs $2.15 expected Revenue: $23.45 billion vs $23.39 billion expected Net sales rose 6.7% year over year with organic revenue up 8.8%. Pepsi hiked its full-year forecast for the third consecutive quarter following the beat.\u00a0 The company now expects EPS growth of 13% this year vs 12% previously.\u00a0 Palantir Wins Army Contract Palantir (PLTR) shares are rising 2.5% in premarket trade after the data analytics company was awarded a $250 million Army contract.\u00a0 The company said it was \u201cawarded a new contract for up to three years to provide additional capabilities in support of the Combatant Commands (COCOMs), Armed Services, Intelligence Community, and Special Forces as they continue to test, utilize, and scale artificial intelligence (AI) and machine learning (ML) capabilities.\u201d Since 2018, Palantir has provided the Army leading data integration, management, and AI model training.\u00a0 The company\u2019s president said, \u201cWe\u2019re honored to expand our partnership with the Army to continue delivering the most innovative technologies and advanced data applications across the Armed Services.\u201d Unity CEO Retires Unity Software (U) shares are up 3.9% ahead of the open after announcing its CEO\u2019s retirement. In a post on its website today, the company said CEO John Riccitiello will retire as President, CEO, Chairman, and a member of the Board effective immediately. Riccitiello said, \u201cIt\u2019s been a privilege to lead Unity for nearly a decade and serve our employees, customers, developers and partners, all of whom have been instrumental to the Company\u2019s growth. I look forward to supporting Unity through this transition and following the Company\u2019s future success.\u201d Unity appointed James M. Whitehurst as interim CEO, President, and member of the Board.\u00a0 The current Lead Independent Director of the Board will take over as Chairman.\u00a0 The company said it \u201cwill initiate a comprehensive search process, with the assistance of a leading executive search firm, to identify a permanent CEO.\u201d Unity reaffirmed its Q3 guidance with results set to be released after the market close on November 9.<\/p>\n","protected":false},"author":41,"featured_media":71562,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[739],"tags":[],"class_list":["post-71558","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-coffee-with-greta"],"_links":{"self":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/71558","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/comments?post=71558"}],"version-history":[{"count":3,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/71558\/revisions"}],"predecessor-version":[{"id":71567,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/71558\/revisions\/71567"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media\/71562"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=71558"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=71558"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=71558"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}