Traders Market Weekly: No Fear as Risk Complacency Rises

Viewing 13 posts - 31 through 43 (of 43 total)
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    CAE (CAE) announces re-baselining of its Defense business, Defense impairments, accelerated risk recognition on Legacy Contracts and appointment of Nick Leontidis as COO.
    CAE down 6.2%


    Modine Manufacturing (MOD) beats by $0.01, reports revs in-line; guides FY25 EPS in-line, revs in-line… MOD down 7.7%
    Toll Brothers (TOL) reports Q2 results, beats on revs, deliveries up 6%; raises FY24 home deliveries guidance… TOL up 1.2%
    Urban Outfitters (URBN) beats by $0.16, beats on revs, comparable retail segment sales increased 4.6%… URBN up 8.0%
    Viasat (VSAT) reports Q4 (Mar) results, beats on revs; guides FY25 revs below consensus… VSAT down 11.6%


    Fair Value for Wednesday, May 22:

    S&P 500: 5,343
    Nasdaq 100: 18,796
    DJIA: 39,997


    Republicans aligned with former President Trump are proposing a more populist approach to economics under a second Trump administration which will include a 10% global tariff, a 10% financial transaction tax, and a ban on stock buybacks, according to CNBC

    President Biden says there is not genocide happening in Gaza, according to Politico

    Department of Energy announced a solicitation for the sale and liquidation of 1 million barrels (42 million gallons) of gasoline in the Northeast Gasoline Supply Reserve



    Brinker (EAT) upgraded to Buy from Hold at Argus; tgt $72
    Global-E Online (GLBE) upgraded to Overweight from Equal-Weight at Morgan Stanley; tgt raised to $37
    HP Inc. (HPQ) upgraded to Equal Weight from Underweight at Barclays; tgt raised to $30
    New Gold (NGD) upgraded to Sector Outperform from Sector Perform at Scotiabank
    New Gold (NGD) upgraded to Hold from Sell at TD Securities
    South State (SSB) upgraded to Outperform from Mkt Perform at Raymond James; tgt $90
    Walt Disney (DIS) upgraded to Neutral from Sell at Redburn Atlantic; tgt $100
    Zimmer Biomet (ZBH) upgraded to Buy from Hold at Argus; tgt $150


    CAE (CAE) downgraded to Hold from Buy at Desjardins
    Itron (ITRI) downgraded to Neutral from Overweight at Piper Sandler; tgt $109
    MAC Limited (MTAL) downgraded to Market Perform from Outperform at BMO Capital Markets; tgt lowered to $12
    Pampa Energia S.A. (PAM) upgraded to Hold from Reduce at HSBC Securities; tgt $46
    Pure Storage (PSTG) downgraded to Equal Weight from Overweight at Barclays; tgt $51
    Sunnova Energy (NOVA) downgraded to Neutral from Overweight at Piper Sandler; tgt lowered to $4.50
    Toast (TOST) downgraded to Neutral from Outperform at Robert W. Baird; tgt $28 (WIX) downgraded to Neutral from Overweight at Piper Sandler; tgt raised to $184


    Dow 39,671.04 -201.95 -0.51%
    S&P 500 5,307.01 -14.40 -0.27%
    Nasdaq 16,801.54 -31.08 -0.18%
    VIX 12.25 0.39 3.29%
    Gold 2,381.60 -44.30 -1.83%
    Oil 77.35 -1.31 -1.67%


    DuPont (DD) announces plan to separate into three separate publicly traded companies, including separations of its Electronics and Water businesses; also reaffirms Q2 and FY24 guidance; selects CFO Lori Koch to succeed Edward Breen as CEO, effective June 1… DD up 4.6%

    e.l.f. Beauty (ELF) beats by $0.18, beats on revs; guides FY25 EPS below consensus, revs below consensus… ELF down 3.6%

    LiveRamp (RAMP) beats by $0.06, beats on revs; guides Q1 revs above consensus; guides FY25 revs above consensus… RAMP up 12.1%

    News Corp (NWS) and OpenAI announce multi-year agreement to bring News Corp news content to OpenAI… NWS up 3.8%

    Snowflake (SNOW) misses by $0.04, beats on revs, guides for Q2 product revenue growth of 26-27%, FY25 product revenue growth of 24%… SNOW up 5.8%

    Synopsys (SNPS) reports AprQ results, provides guidance… SNPS down 1.4%

    V.F. Corp (VFC) misses by $0.34, misses on revs; appoints Paul Vogel as CFO, effective July 8… VFC down 10.1%

    Zuora (ZUO) beats by $0.04, reports revs in-line; guides Q2 EPS in-line, revs in-line; guides FY25 EPS in-line, reaffirms FY25 revs guidance… ZUO up 9.0%


    Nvidia earnings beat. Announces 10:1 stock split

    NVIDIA (NVDA) beats by $0.52, beats on revs; guides Q2 revs above consensus; ten-for-one forward stock split; raises quarterly dividend

    NVDA up 4.0%

    Announce dividend increase
    EPS $6.12 versus $5.57
    Revenues $26.04 billion versus $24.57 billion
    Announced 10 for 1 stop split for close on June 6
    Data center revenues $22.6 billion versus $21.32 billion expected
    Data center revenue
    The growth in data center revenue
    Forward guidance of $28 billion versus $26.8 billion expected.
    Dividend is raised 150% to one cent per share on a post stop split basis
    Gross margins 78.9% versus 77% expected.


    Fair Value for Thursday, May 23:

    S&P 500: 5,328
    Nasdaq 100: 18,787
    DJIA: 39,794


    US softened resistance to Israel’s planned invasion of Rafah after Israel presented plans to reduce civilian casualties, according to Bloomberg
    Republican Vince Fong wins California House special election, expanding small Republican majority in the House, according to CNN
    White House issues statement from President Joe Biden on $7.7 billion in student debt cancellation for 160,000 borrowers

    Australia reported first human case of avian influenza, according to Reuters

    China solar industry body wants end to price war; plans include government intervention, according to Bloomberg

    UK Prime Minster Rishi Sunak will call for July 4th general election, according to Guardian


    Dow 39,065.26 -605.78 -1.53%
    S&P 500 5,267.84 -39.17 -0.74%
    Nasdaq 16,736.03 -65.51 -0.39%
    VIX 13.10 0.81 6.59%
    Gold 2,333.40 -59.50 -2.49%
    Oil 76.83 -0.74 -0.95%

    Greg Walker – tallest guy may have delivered best male vocals all time in 1978
    as this song reflects Texas & Virginia weather … and a little profit taking today :)


    Dow 39,069.59 4.33 0.01%
    S&P 500 5,304.72 36.88 0.70%
    Nasdaq 16,920.79 184.76 1.10%
    VIX 11.96 -0.81 -6.34%
    Gold 2,334.60 -2.60 -0.11%
    Oil 77.73 0.86 1.12%


    May 26, 2024 FEAR NOT Brave Investors Where have we been and where are we going? Join our weekly market thread on Traders Community… Image: Pavolva Wa
    [See the full post at: Traders Market Weekly: No Fear as Risk Complacency Rises]

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