Traders Market Weekly: Record Highs with Netflix, PCE & Tesla Risk

Viewing 15 posts - 31 through 45 (of 96 total)
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  • #70313
    MoneyNeverSleeps
    Participant

    Plexus (PLXS) issues downside Q1 EPS and revenue guidance as it experienced inventory corrections and incrementally weaker demand in Healthcare/Lifesciences and Industrial markets; also announces new $50 mln share repurchase program…
    PLXS down 6.4%

    #70314
    MoneyNeverSleeps
    Participant

    Fair Value for Wednesday, January 17:

    S&P 500: 4,799
    Nasdaq 100: 16,962
    DJIA: 37,555

    #70315
    MoneyNeverSleeps
    Participant

    Walt Disney (DIS): NFL could take equity stake in ESPN, according to the New York Post

    #70316
    MoneyNeverSleeps
    Participant

    Chinese Property Bubble Continues to Pop:
    China’s new house prices down again in December:
    -0.4% m/m (prior -0.3%)
    -0.4% y/y (prior -0.2%)
    62 out of 70 cities m/m sales prices fall for new homes
    v 59 in November
    70 of 70 price falls for 2nd-hand
    v 69 in November
    via Reuters

    #70317
    MoneyNeverSleeps
    Participant

    UBS raises S&P 500 year-end forecast targe forecast to 5150, expects higher returns amid falling interest rates

    Analysts at the firm were previously projecting 4850.

    UBS cites
    the Federal Open Market Committee (FOMC)’s “recent pivot”
    the subsequent decline in rate expectations
    above-trend 2024 EPS revision
    “While earnings should drive 2024 returns, falling interest rates should support incrementally higher multiples.”

    #70320
    Truman
    Participant

    Equity indices in the Asia-Pacific region ended the midweek session on a mostly lower note with Japan’s Nikkei (-0.4%) briefly hitting a fresh 34-year high before reversing.
    Japan’s Nikkei: -0.4%,
    Hong Kong’s Hang Seng: -3.7%,
    China’s Shanghai Composite: -2.1%,
    India’s Sensex: -2.2%,
    South Korea’s Kospi: -2.5%,
    Australia’s ASX All Ordinaries: -0.3%.

    #70321
    Truman
    Participant

    China
    Q4 GDP 1.0% qtr/qtr, as expected (last 1.5%); 5.2% yr/yr (expected 5.3%; last 4.9%).
    December Fixed Asset Investment 3.0% yr/yr (expected 2.9%; last 2.9%),
    December Industrial Production 6.8% yr/yr (expected 6.6%; last 6.6%),
    December Retail Sales 7.4% yr/yr (expected 8.0%; last 10.1%).
    December Unemployment Rate 5.1% (expected 5.0%; last 5.0%)

    #70322
    Truman
    Participant

    Japan
    January Reuters Tankan Index 6 (last 12)

    #70323
    Truman
    Participant

    New Zealand
    December Electronic Card Retail Sales -2.0% m/m (last 1.7%); -0.6% yr/yr (last 2.1%)

    #70324
    Truman
    Participant

    Singapore
    December trade surplus SGD7.78 bln (last surplus of SGD6.15 bln).
    December non-oil exports -2.8% m/m (expected -1.5%; last 0.3%); -1.5% yr/yr (expected 3.3%; last 1.0%)

    #70325
    Truman
    Participant

    Japan’s three largest shippers are reportedly halting voyages through the Red Sea.

    #70326
    Truman
    Participant

    China
    Reported in-line Q4 GDP on a qtr/qtr basis, but the yr/yr reading was slightly shy of expectations.
    China Securities Journal reported that Chinese investors have been buying Japanese ETFs.
    Property stocks in China had a weak showing after it was reported that new home prices in December fell for the sixth consecutive month, decreasing 0.5% m/m, while Hong Kong’s Hang Seng approached its low from November 2022.
    China is preparing to sell more than CNY1 trln worth of ultra-long bonds to support growth.

    #70327
    Truman
    Participant

    Major European indices trade in the red.
    STOXX Europe 600: -1.3%,
    Germany’s DAX: -0.9%,
    U.K.’s FTSE 100: -1.7%,
    France’s CAC 40: -1.1%,
    Italy’s FTSE MIB: -1.0%,
    Spain’s IBEX 35: -1.3%.

    #70328
    Truman
    Participant

    Eurozone
    December CPI 0.2% m/m, as expected (last -0.6%); 2.9% yr/yr, as expected (last 2.4%).
    December Core CPI 0.5% m/m (expected 0.4%; last -0.6%); 3.4% yr/yr, as expected (last 3.6%)

    European Central Bank officials have continued pushing back against expectations for rate cuts in the near term, though ECB President Lagarde said that a rate cut is likely to happen by the summer.

    #70329
    Truman
    Participant

    U.K.
    The U.K. reported hotter than expected inflation for December, putting some pressure on rate cut expectations.
    December CPI 0.4% m/m (expected 0.2%; last -0.2%); 4.0% yr/yr (expected 3.8%; last 3.9%).
    December Core CPI 0.6% m/m (expected 0.4%; last -0.3%); 5.1% yr/yr (expected 4.9%; last 5.1%).
    December Input PPI -1.2% m/m (expected -0.7%; last -0.4%) and Output PPI -0.6% m/m (expected -0.2%; last 0.0%).
    December House Price Index -2.1% yr/yr (expected -1.9%; last -1.3%)

Viewing 15 posts - 31 through 45 (of 96 total)
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