APLD reported revenue of 341.9 million USD in the first quarter of fiscal year 2027, up 322%

According to reports from Zhitong Finance APP, PepsiCo (PEP.US) has lowered its earnings expectations, as the recovery process in the North American market for this snack and beverage giant is taking longer than anticipated. The financial report shows revenue reached $25.27 billion, up 5.6% year-on-year and exceeding expectations by $310 million; adjusted earnings per share were $2.34, beating expectations by $0.04.

(1) On Thursday, US stock index futures generally declined, with S&P 500 futures down 0.54%, while Nasdaq 100 and Dow Jones futures each dropped by nearly 0.92%. US Treasury yields surged again to multi-year highs, putting pressure on corporate credit conditions. (2) Reports emerged that the United States plans a new round of actions against Iran, which drove international energy prices sharply higher, threatening the recovery of Middle East maritime crude oil exports and further raising inflation risks. (3) Minutes from the Federal Reserve FOMC meeting revealed that most policymakers believe further rate hikes are necessary to contain inflation, and an expanding fiscal deficit contributed to the rise in US Treasury yields. (4) The AI hardware sector led the market down for the second consecutive trading day, as high borrowing costs suppressed capital expenditures in the AI field. Intel, Lam Research, Marvell, and Micron each fell by nearly 1.8%. (5) Broadcom completed a $57 billion debt issuance to support Anthropic’s business expansion, with its shares falling by 1.4% in premarket trading.

(1) On Thursday, the US market focuses on Treasury yields, speeches by Federal Reserve officials, labor market data, and oil prices. The $22 billion 30-year US Treasury auction is the key event of the day. (2) At 20:30 Beijing time, the US will release initial and continuing jobless claims data. (3) At 22:00, wholesale inventory and sales data will be published. (4) At 22:30, the US Energy Information Administration will announce natural gas storage figures. (5) At 22:40, Federal Reserve's Kashkari will deliver a speech. (6) At 23:00, the US Treasury Department will release a buyback announcement. (7) At 23:30, the US will auction 4-week and 8-week Treasury bills. (8) At 01:00 the following day, the $22 billion 30-year US Treasury auction will take place, serving as the focal point of the day. (9) At 01:40 the following day, Federal Reserve's Musalem will speak; at 02:00, the Treasury Department will announce the buyback results; at 04:30, the Federal Reserve's balance sheet will be released. (10) Yesterday, the $39 billion 10-year Treasury auction resulted in a yield of 5.300%, the highest since 2000, but demand remained strong. Today’s 30-year auction will test investors’ appetite for long-term debt amid elevated yields and fiscal concerns, with the strength of demand likely to influence afternoon risk sentiment. At the same time, initial jobless claims data, speeches by Federal Reserve officials, and oil price movements in the Middle East also warrant close attention.

(1) On Thursday, international crude oil prices reached $93.1 per barrel, hitting a near one-month high as supply disruption risks intensified. (2) The White House has asked the Pentagon to draw up strike plans against Iran, which could be implemented before the midterm elections; on Wednesday, the US President stated that he will no longer seek an agreement with Iran. (3) Incidents of shipping attacks have increased in the Gulf region and the Strait of Hormuz, and the Houthi armed group has intensified its attacks on Saudi Arabia, further raising geopolitical risks and crude oil risk premiums. (4) Tropical Storm Isaias is approaching the Gulf of Mexico, prompting companies such as Chevron and Shell to cut production and evacuate offshore platform personnel, thus providing support to oil prices. (5) According to the Bureau of Ocean Energy Management, as of Wednesday, approximately 24.3% of crude oil production capacity and 15.7% of natural gas production capacity in the US Gulf of Mexico have been halted due to the storm.