- This topic has 88 replies, 5 voices, and was last updated 3 months, 3 weeks ago by
.
- Posts
Dow 34,092.96 6.92 0.02%
S&P 500 4,119.21 42.61 1.05%
Nasdaq 11,816.32 231.77 2.00%
VIX 18.09 -1.31 -6.75%
Gold 1,967.50 22.20 1.14%
Oil 76.96 -1.91 -2.42%Align Tech (ALGN) beats by $0.20, beats on revs; guides Q1 revs above consensus… ALGN up 18.5%
Allegiant Travel (ALGT) beats by $2.14, beats on revs… ALGT up 11.4%
Allstate (ALL) misses by $0.20, reports revs in-line… ALL down 2.9%
C.H. Robinson (CHRW) misses by $0.31, misses on revs… CHRW down 4.0%
e.l.f. Beauty (ELF) beats by $0.25, beats on revs; guides FY23 EPS above consensus, revs above consensus… ELF up 11.3%
Meta Platforms (META) beats by $0.77, beats on revs; guides Q1 revs in-line, lowers FY23 total expense guidance, also lowers capex guidance; also announces a $40 bln increase to share repurchase authorization… META up 19.0%
MetLife (MET) misses by $0.09, misses on revs… MET down 1.5%
McKesson (MCK) beats by $0.54, reports revs in-line; raises FY23 EPS above consensus… MCK down 1.0%
Murphy USA (MUSA) misses by $1.08, reports revs in-line… MUSA down 5.1%
Qorvo (QRVO) beats by $0.12, beats on revs; guides Q4 EPS below consensus, revs below consensus… QRVO down 2.8%Costco (COST) reports January net sales +6.9% yr/yr to $16.84 bln; total monthly comparable sales +5.6%, adj comps (ex gas fx) +7.4%.
COST up 1.5%
Vera Therapeutics (VERA) has commenced a public offering, subject to market and other conditions, to issue and sell $75.0 mln of shares of its Class A common stock.
VERA down 9.0%
Happy G’hog day & it’s the mid-point of winter … And regardless of whether they see or don’t see their shadows — we will always have SIX MORE weeks on top of the mtn @ 3,000 above sea level in mtns of SW VA – lol … Punxy Phil predicts 6 more weeks on national basis (as he saw shadow & it scares them back into the den … but g’hogs on mtn. won’t see their shadow today as it’s snowing now …. I’ve got 3 dens nearby & have seen tracks in snow in past …. I may visit later plus check on Bambi & the herd:)
Equity indices in the Asia-Pacific region ended Thursday on a mixed note.
—Equity Markets—
Japan’s Nikkei: +0.2%
Hong Kong’s Hang Seng: -0.5%
China’s Shanghai Composite: UNCH
India’s Sensex: +0.4%
South Korea’s Kospi: +0.7%
Australia’s ASX All Ordinaries: +0.2%The Reserve Bank of India has asked banks to disclose their exposure to Adani Group after the company lost more than $100 bln in value in response to a short seller’s report.
The Hong Kong Monetary Authority followed the FOMC rate hike with its own 25 bps rate increase to 5.00%, as expected.
CommBank expects that the Reserve Bank of Australia will announce one more 25 bps rate hike before pausing.
South Korea’s January CPI 0.8% m/m (expected 0.5%; last 0.2%); 5.2% yr/yr (expected 5.0%; last 5.0%)
Australia’s December Building Approvals 18.5% m/m (expected 1.0%; last -8.8%) and Private House Approvals -2.3% m/m (last -2.5%)
New Zealand’s December Building Consents -7.2% m/m (last 6.7%)Major European indices trade in positive territory.
—Equity Markets—
STOXX Europe 600: +0.9%
Germany’s DAX: +1.9%
U.K.’s FTSE 100: +0.9%
France’s CAC 40: +1.1%
Italy’s FTSE MIB: +1.5%
Spain’s IBEX 35: +2.0%Swedish home appliance manufacturer Electrolux guided for a contraction in 2023 sales.
Shell reported a $40 bln profit for 2022 and announced a $4 bln buyback.
Deutsche Bank beat profit expectations for Q4.
The Bank of England raised its bank rate by 50 bps to 4.00%, as expected. The central bank believes that inflation in the U.K. and other economies has already peaked.
Germany’s December trade surplus EUR10.00 bln (expected surplus of EUR9.20 bln; last surplus of EUR10.90 bln). December Imports -6.1% m/m (expected -0.8%; last -3.2%) and Exports -6.3% m/m (expected -3.3%; last 0.1%)
Spain’s January Unemployment Change 70,700 (expected -15,200; last -43,700)
Swiss Q1 SECO Consumer Climate -9 (expected -38; last -47)Meta Platforms (META 182.20, +29.03, +19.0%): beats by $0.77, beats on revs; guides Q1 revs in-line, lowers FY23 total expense guidance, also lowers capex guidance; also announces a $40 bln increase to share repurchase authorization; Will be more proactive about cutting underperforming or noncritical projects in FY23
Qorvo (QRVO 111.88, -1.65, -1.5%): beats by $0.12, beats on revs; guides Q4 EPS below consensus, revs below consensus
e.l.f. Beauty (ELF 68.44, +9.93, +17.0%): beats by $0.25, beats on revs; guides FY23 EPS above consensus, revs above consensus
C.H. Robinson (CHRW 98.20, -3.92, -3.8%): misses by $0.31, misses on revs
Corteva (CTVA 62.82, -1.66, -2.6%): beats by $0.10, beats on revs; guides FY23 EPS below consensus, revs below consensus
Stanley Black & Decker (SWK 88.00, -3.16, -3.5%): beats by $0.24, beats on revs; guides FY23 EPS below consensus
Honeywell (HON 197.51, -9.21, -4.5%): beats by $0.01, reports revs in-line; sees Q1 EPS and revenue below consensus; guides FY23 EPS in-line, revs in-line
Merck (MRK 104.72, -2.26, -2.1%): beats by $0.08, beats on revs; guides FY23 EPS below consensus, revs in-line
Canada Goose (GOOS 23.30, -1.35, -5.5%): misses by CAD0.33, misses on revs; guides Q4 EPS below consensus, revs in-line; lowers FY23 EPS below consensus, revs below consensus
Eli Lilly (LLY 337.00, -5.57, -1.6%): beats by $0.24, misses on revs; raises FY23 EPS guidance above consensus, reaffirms FY23 revs guidance
Harley-Davidson (HOG 49.70, +2.98, +6.4%): beats by $0.21, reports revs in-line
Estee Lauder (EL 270.00, -10.80, -3.9%): beats by $0.25, reports revs in-line; guides Q3 EPS below consensus, revs below consensus; guides FY23 EPS below consensus, revs in-line
Hanesbrands (HBI 7.20, -1.51, -17.3%): misses by $0.01, reports revs in-line; guides Q1 EPS below consensus, revs below consensus; guides FY23 EPS below consensus, revs below consensusHouse Speaker Kevin McCarthy was optimistic, following meeting with President Biden, that both sides can find common ground on the debt limit. However, Mr. Mccarthy said that Republicans will not accept a clean debt ceiling increase without conditions, according to CNN.
Nonfarm business sector labor productivity increased 3.0% consensus 2.5% in the Q4 preliminary estimate following a revised increase of 1.4% in Q3 (from 0.8%). Unit labor costs were up 1.1% (consensus 1.5%) in the preliminary reading versus a revised increase of 2.0% in Q3 (from 2.4%).
- You must be logged in to reply to this topic.