Traders Market Weekly: CPI and PPI Inflation

Viewing 15 posts - 16 through 30 (of 67 total)
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  • #52956

    ^^^^ +1s to 1 of our greatest past presidents & market news analysts here 🙂

    #52957

    #52967

    Dow 33,891.02 -34.99 -0.10%
    S&P 500 4,111.08 -25.40 -0.61%
    Nasdaq 11,887.45 -119.50 -1.00%
    VIX 19.43 1.10 6.00%
    Gold 1,880.30 3.70 0.20%
    Oil 74.43 1.04 1.42%

    #52977
    TradersCom
    Keymaster

    After-Hours

    Activision Blizzard (ATVI) reports Q4 results, beats on net bookings; Note: co previously agreed to be acquired by MSFT… ATVI up 0.7%
    Alpha and Omega Semi (AOSL) misses by $0.21, misses on revs; guides MarQ revs below consensus… AOSL down 12.5%
    Chegg (CHGG) beats by $0.02, beats on revs; guides Q1 revs below consensus; guides FY23 revs below consensus… CHGG down 18.5%
    Fabrinet (FN) beats by $0.03, beats on revs; guides Q3 EPS above consensus, revs in-line… FN up 3.2%
    Holley Inc. (HLLY) guides Q4 revs below consensus; CEO Tom Tomlinson to retire and resign from Board; appoints interim CEO… HLLY down 8.3%
    Pinterest (PINS) beats by $0.01, misses on revs; expects Q1 revs to grow low single digits percentage yr/yr vs consensus of +7.5%; authorizes repurchases up to $500 mln over next 12 months; CFO stepping down, effective July 1… PINS down 9.2%
    Skyworks (SWKS) misses by $0.01, reports revs in-line; guides MarQ EPS below consensus, revs below consensus; approves $2.0 bln for share repurchases… SWKS up 3.2%
    Spirit Airlines (SAVE) beats by $0.09, reports revs in-line; provides guidance… SAVE up 4.3%
    Take-Two (TTWO) misses by $0.07, misses on top line; guides FY23 EPS and net bookings below consensus… TTWO down 1.1%
    ZoomInfo (ZI) beats by $0.04, reports revs in-line; guides Q1 EPS in-line, revs below consensus; guides FY23 EPS in-line, revs below consensus… ZI down 5.6%

    #52978
    TradersCom
    Keymaster

    Fair Value for Tuesday, February 7:

    S&P 500: 4,122
    Nasdaq 100: 12,509
    DJIA: 33,923

    #52979
    TradersCom
    Keymaster

    Ginkgo Bioworks (DNA) and Bioweg partner to develop cost effective and efficacious bio-based materials to reduce the use of microplastic pollutants

    #52980
    TradersCom
    Keymaster

    Tuesday Earnings (Feb. 7)

    Pre-Market: ADNT AGCO ARMK ARCC BP BV CG CARR CTLT CNC CTS DCPH DD FISV IT GPK HAE HAIN HLNE HTZ INCY J KKR LIN MAC MBUU MSGS NVT OMF PINC RCL SCSC SPR TDG VVV XYL

    After-Hours: AMCR AIZ ATO BKH CSL CMG CNO CCK DEI EGP EHC ENPH ESS EEFT EXEL FMC FTNT FRSH HRB PEAK HIW HMN ICHR ILMN INSP JKHY RAMP LUMN MODN NCR NEWR OMC PAYC PRU QGEN RRR RXO SIMO SSNC TENB VFC VRTX VSAT VOYA WERN WU YUMC ZWS

    #52989
    MoneyNeverSleeps
    Participant

    European Central Bank’s latest survey on inflation expectations among consumers continued pointing to expectations for 5.0% inflation over the next year. The inflation outlook for a three-year period increased to 3.0% from 2.9%.

    #52998
    Truman
    Participant

    Equity indices in the Asia-Pacific region ended Tuesday on a mixed note.

    —Equity Markets—

    Japan’s Nikkei: UNCH
    Hong Kong’s Hang Seng: +0.4%
    China’s Shanghai Composite: +0.3%
    India’s Sensex: -0.4%
    South Korea’s Kospi: +0.6%
    Australia’s ASX All Ordinaries: -0.4%

    #52999
    Truman
    Participant

    Nominations for the next Bank of Japan governor will be submitted to the Japanese parliament next week. Japan saw its first year-over-year increase in real cash earnings since March.

    Bank of Korea policymaker Suh said that the Korean economy can withstand interest rate differentials with the U.S.

    The Reserve Bank of Australia increased its cash rate by 25 bps to 3.35%, as expected, and noted that additional increases will be needed in the coming months.

    Japan’s December Household Spending -2.1% m/m (expected 0.3%; last -0.9%); -1.3% yr/yr (expected -0.2%; last -1.2%). December Average Cash Earnings 4.8% yr/yr (expected 2.5%; last 1.9%). December Leading Index -0.5% m/m (last -1.2%) and Coincident Indicator -0.4% m/m (last -0.3%)

    Australia’s December trade surplus AUD12.24 bln (expected surplus of AUD12.50 bln; last surplus of AUD13.48 bln). December Imports 1.0% m/m (last -3.1%) and Exports -1.0% m/m (last -1.0%)

    #53000
    Truman
    Participant

    Major European indices trade on a mostly higher note.

    —Equity Markets—

    STOXX Europe 600: +0.1%
    Germany’s DAX: -0.4%
    U.K.’s FTSE 100: +0.4%
    France’s CAC 40: -0.2%
    Italy’s FTSE MIB: +0.5%
    Spain’s IBEX 35: +0.2%

    #53001
    Truman
    Participant

    British Prime Minister Sunak will reportedly announce a small reshuffle of his cabinet soon.

    Energy giant BP reported that its profit doubled in 2022, boosted its quarterly dividend, and announced a new buyback.

    Germany’s December Industrial Production -3.1% m/m (expected -0.7%; last 0.4%)

    U.K.’s January Halifax House Price Index 0.0% m/m (expected -0.8%; last -1.3%); 1.9% yr/yr (expected -0.3%; last 2.1%)

    France’s December trade deficit EUR14.90 bln (expected deficit of EUR12.20 bln; last deficit of EUR13.60 bln). December Current Account deficit EUR8.50 bln (last deficit of EUR6.70 bln)

    Spain’s December Industrial Production 0.6% yr/yr (expected -0.6%; last -0.7%)

    Swiss January Unemployment Rate 1.9%, as expected (last 1.9%)

    #53002
    Truman
    Participant

    BP (BP 36.35, +1.51, +4.3%): misses by $0.01, beats on revs; raises dividend
    Oak Street Health (OSH 35.43, +9.47, +36.5%): CVS (CVS) nearing deal to acquire the company for $10.5 bln, according to WSJ
    Chegg (CHGG 16.10, -4.93, -23.4%): beats by $0.02, beats on revs; guides Q1 revs below consensus; guides FY23 revs below consensus
    DuPont (DD 70.96, -1.40, -1.9%): beats by $0.11, reports revs in-line; guides Q1 EPS below consensus, revs below consensus; guides FY23 EPS in-line, revs in-line; increases Q1 dividend by 9% to $0.36/share
    Pinterest (PINS 27.53, -0.36, -1.3%): beats by $0.01, misses on revs; expects Q1 revs to grow low single digits percentage yr/yr vs consensus of +7.5%; authorizes repurchases up to $500 mln over next 12 months; CFO stepping down, effective July 1
    Skyworks (SWKS 112.75, +3.47, +3.2%): misses by $0.01, reports revs in-line; guides MarQ EPS below consensus, revs below consensus; approves $2.0 bln for share repurchases; authorizes $2.0 bln for share repurchases through February 1, 2025

    #53003
    Truman
    Participant

    Bed Bath & Beyond (BBBY 4.06, -1.80, -30.7%): proposes underwritten public offering of Series A convertible preferred stock and warrants to raise approximately $1.0 billion

    #53004
    Truman
    Participant

    Baidu (BIDU 161.77, +18.95, +13.3%): aiming to introduce service similar to ChatGPT in March, according to Bloomberg

Viewing 15 posts - 16 through 30 (of 67 total)
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