Traders Market Weekly: Hello 2024, Unexpected Opportunity on The Menu

Viewing 15 posts - 46 through 60 (of 94 total)
  • Author
    Posts
  • #69723
    Truman
    Participant

    Hong Kong’s
    December Manufacturing PMI 51.3 (last 50.1) and November Retail Sales 15.9% yr/yr (last 5.6%)

    #69724
    Truman
    Participant

    Australia’s
    final December Services PMI 47.1 (expected 47.6; last 46.0)

    #69725
    Truman
    Participant

    South Korea’s
    Finance Ministry raised its forecast for inflation in 2024 to 2.6% from 2.3%.

    #69726
    Truman
    Participant

    Major European indices trade near their flat lines.
    STOXX Europe 600: +0.2%,
    Germany’s DAX: -0.1%,
    U.K.’s FTSE 100: UNCH,
    France’s CAC 40: UNCH,
    Italy’s FTSE MIB: +0.1%,
    Spain’s IBEX 35: +0.5%.

    #69727
    Truman
    Participant

    December Services PMI readings from Germany, France, Spain, and the U.K. beat expectations, but readings from the U.K. and Spain were the only expansionary ones.

    Eurozone’s
    final December Services PMI 48.8 (expected 48.1; last 48.7)

    Germany’s
    final December Services PMI 49.3 (expected 48.4; last 49.6)

    U.K.’s
    December Services PMI 53.4 (expected 52.7; last 50.9).

    France
    Final December Services PMI 45.7 (expected 44.3; last 45.4)

    Italy’s
    December Services PMI 49.8, as expected (last 49.5)

    Spain’s
    December Services PMI 51.5 (expected 51.2; last 51.0)

    #69728
    Truman
    Participant

    U.K.’s
    December Services PMI 53.4 (expected 52.7; last 50.9).
    November BoE Consumer Credit GBP2.01 bln (expected GBP1.40 bln; last GBP1.41 bln),
    November Mortgage Approvals 50,070 (expected 48,500; last 47,890), and November Net Lending to Individuals GBP2.00 bln (expected GBP1.60 bln; last GBP1.30 bln)

    Retailer Next cautioned that it is seeing disruptions due to the recent shipping difficulties in the Red Sea.
    The Bank of England’s Decision Maker Panel lowered its forecast for the year-ahead CPI rate to 4.0% from 4.4% while the three-year outlook was trimmed to 3.1% from 3.2%.

    #69729
    Truman
    Participant

    France’s
    December CPI 0.1% m/m (expected 0.2%; last -0.2%); 3.7% yr/yr (expected 3.8%; last 3.5%).
    Final December Services PMI 45.7 (expected 44.3; last 45.4)

    #69730
    Truman
    Participant

    Germany’s
    final December Services PMI 49.3 (expected 48.4; last 49.6)
    Germany’s flash CPI for December will be released at 8:00 ET after readings from individual states showed an acceleration in the yr/yr growth rate.

    #69731
    Truman
    Participant

    Walgreens Boots Alliance (WBA 26.52, +0.95, +3.7%): beats by $0.03, beats on revs; reaffirms FY24 EPS guidance; lowers quarterly dividend by 48%; declares a quarterly dividend $0.25/share, a reduction of 48% from the previous quarter
    Cal-Maine Foods (CALM 52.19, -2.67, -4.9%): misses by $0.48, reports revs in-line

    #69732
    Truman
    Participant

    Apple (AAPL 182.89, -1.36, -0.7%): downgraded to Neutral from Overweight at Piper Sandler
    Home Depot (HD 340.92, +2.66, +0.8%): upgraded to Overweight from Equal Weight at Barclays

    #69733
    Truman
    Participant

    APA Corporation (APA 35.21, -1.54, -4.2%): to acquire Callon Petroleum (CPE) company in all-stock transaction

    #69734
    Truman
    Participant

    Spirit Airlines (SAVE 16.10, +0.13, +0.8%): completes series of sale-leaseback transactions with respect to 25 aircraft, resulting in repayment of approx $465 mln of indebtedness on those aircraft and net cash proceeds to co of $419 mln

    #69735
    Truman
    Participant

    Intel (INTC 46.00, -1.05, -2.2%): appoints Justin Hotard as Exec. VP and GM of its Data Center and AI Group (DCAI), effective February 1

    #69736
    Truman
    Participant

    AbbVie (ABBV 159.11, -1.35, -0.8%): down in pre-open action on CVS Caremark decision to remove ABBV’s Humira from its major national commercial template formularies; instead Humira biosimilars will be covered

    #69737
    Truman
    Participant

    Resources Connection (RGP 14.58, +0.89, +6.5%): beats by $0.11, reports revs in-line; cautiously optimistic about an improving buying environment in 2024

Viewing 15 posts - 46 through 60 (of 94 total)
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