Traders Market Weekly: Eyes on Powell and Adani Risks

Viewing 15 posts - 16 through 30 (of 89 total)
  • Author
    Posts
  • #52416
    Truman
    Participant

    Earnings:

    GE HealthCare (GEHC 69.60, -0.48, -0.7%): beats by $0.25, beats on revs; guides FY23 EPS above two analyst estimate
    SoFi Technologies (SOFI 6.41, +0.47, +7.9%): reports Q4 (Dec) results, beats on revs; guides Q1 revs below consensus; guides FY23 revs in-line
    Philips (PHG 17.96, +0.97, +5.7%): beats by €0.23, beats on revs; to eliminate additional 6K roles globally by 2025, presents its plan to create value with sustainable impact

    #52417
    Truman
    Participant

    Colgate Palmolive (CL 72.31, +0.72, +1.0%): upgraded to Overweight from Equal Weight at Morgan Stanley

    #52418
    Truman
    Participant

    S&P 500 futures are down 37 points and are trading 1.0% below fair value.
    Nasdaq 100 futures are down 152 points and are trading 1.3% below fair value.
    Dow Jones Industrial Average futures are down 211 points and are trading 0.6% below fair value.

    This is in front of a heavy slate of news this week, including earnings reports from over 100 S&P 500 companies headlined by Meta Platforms (META), Alphabet (GOOG), and Apple (AAPL).

    Some of the more notable data releases this week include the Q4 Employment Cost Index, ISM Manufacturing and Non-Manufacturing Indexes, and the Employment Situation Report for January.

    Several influential central banks are holding meetings this week, namely the Federal Reserve, the Bank of England, and the European Central Bank.

    Investors are likely worried about the Fed pushing back against the recent market rally. Adding fuel to that worry, a Wall Street Journal Article over the weekend by Nick Timiraos indicated that Fed officials are concerned that inflation could reaccelerate due to tight labor markets.

    #52419
    Truman
    Participant

    Treasury yields are inching higher this morning.

    The 2-yr note yield is up three basis points to 4.24% and the 10-yr note yield is up three basis points to 3.55%.

    Energy complex futures are losing ground this morning.

    WTI crude oil futures are down 1.3% to $78.66/bbl

    Natural gas futures are down 5.9% to $2.68/mmbtu.

    #52429
    MoneyNeverSleeps
    Participant

    Concerns about a recession in the eurozone are back in the discussion after Germany’s GDP contracted during Q4 against expectations for no growth.

    The Wall Street Journal reported that Fed officials are worried about inflation reaccelerating due to a tight labor market. This comes ahead of Wednesday’s FOMC announcement, which is expected to be a 25-bps rate hike.

    #52430
    MoneyNeverSleeps
    Participant

    In addition, today marks the start of the busiest week of the earnings season with more than 30% of S&P 500 components scheduled to report their results before Friday’s close.

    #52466

    Dow 33,717.09 -260.99 -0.77%
    S&P 500 4,017.77 -52.79 -1.30%
    Nasdaq 11,393.81 -227.90 -1.96%
    VIX 19.99 1.48 8.00%
    Gold 1,921.60 -7.80 -0.40%
    Oil 77.78 -1.90 -2.38%
    BITCOIN KRYPTO 22,722

    #52493
    TradersCom
    Keymaster

    #ParamountPlus & #Showtime merging into one streaming service rebranded as “Paramount Plus with Showtime.”
    Paramount Global $PARA 22.50 -0.11 (-0.49%)
    Deadline confirmed 3 cancellations already: Let the Right One In, American Gigolo season 2 & Three Women

    #52494
    TradersCom
    Keymaster

    Constellation Brands (STZ) prices the public offering of $500 mln senior notes due 2026… STZ down 1.8%
    DoorDash (DASH) announces expected stock sales from co-founders… DASH down 1.0%
    PotlatchDeltic (PCH) misses by $0.05, beats on revs… PCH down 2.0%
    Sanmina (SANM) beats by $0.26, beats on revs; guides MarQ EPS above consensus, revs above two analyst estimate… SANM up 6.2%
    Symbotic (SYM) reports Q4 (Dec) results, beats on revs; guides Q1 revs in-line… SYM up 10.9%
    Whirlpool (WHR) beats by $0.60, reports revs in-line; guides midpoint FY23 EPS above consensus, revs above consensus… WHR up 1.9%

    #52495
    TradersCom
    Keymaster

    Constellation Brands (STZ) prices the public offering of $500 mln senior notes due 2026… STZ down 1.8%

    DoorDash (DASH) announces expected stock sales from co-founders… DASH down 1.0%

    #52496
    TradersCom
    Keymaster

    Fair Value for Tuesday, January 31st:

    S&P 500: 4,032
    Nasdaq 100: 11,965
    DJIA: 33,783

    #52497
    TradersCom
    Keymaster

    Nasdaq Composite: +8.9% YTD
    Russell 2000: +7.3% YTD
    S&P Midcap 400: +6.8% YTD
    S&P 500: +4.6% YTD
    Dow Jones Industrial Average: +1.7% YTD

    #52498
    TradersCom
    Keymaster

    S&P 500 sector performance.

    The information technology (-1.9%), communication services (-1.8%), and consumer discretionary (-1.7%) sectors were among the worst performers today.

    Energy (-2.3%) was the top laggard for the 11 sectors as oil prices faded ahead of the OPEC+ meeting later this week. WTI crude oil futures fell 1.9% to $77.94/bbl.

    Only one sector — consumer staples (+0.1%) — was able to maintain a slim gain by the close.

    #52499
    TradersCom
    Keymaster

    Mega cap stocks had been leading the January charge, but trailed the broader market today as they succumbed to profit-taking interest.

    The Vanguard Mega Cap Growth ETF (MGK) closed down 1.9% versus a 1.1% loss in the Invesco S&P 500 Equal Weight ETF (RSP) and a 1.3% loss in the S&P 500.

    #52500
    TradersCom
    Keymaster

    Caterpilllar (CAT), Exxon Mobil (XOM), General Motors (GM), Marathon Petroleum (MPC), McDonald’s (MCD), Pfizer (PFE), Phillips 66 (PSX), PulteGroup (PHM), Spotify (SPOT), Sysco (SYY), and UPS (UPS) are among the notable companies reporting earnings ahead of tomorrow’s open.

Viewing 15 posts - 16 through 30 (of 89 total)
  • You must be logged in to reply to this topic.