[CautiousInvestor]

RIP to 1 of my favorite BEACH musicians who passed this weekend
THREE of my FAVS — as KEY WEST is on our bucket list in future 🙂

• This reply was modified 3 months ago by CautiousInvestor.
• This reply was modified 3 months ago by CautiousInvestor.

[CautiousInvestor]

[CautiousInvestor]

And another round that makes one head for KEY WEST
For some KEY LIME PIE — as summer will soon end 🙂

[Truman]

C3.ai (AI 28.29, -3.17, -10.1%): beats by $0.08, beats on revs; guides Q2 revs in-line; reaffirms FY24 revs guidance
American Eagle (AEO 17.04, -0.16, -0.9%): beats by $0.09, reports revs in-line; guides Q3 revenue above consensus, raises FY24 revenue above consensus
Yext (YEXT 7.94, -1.14, -12.6%): reports EPS in-line, revs in-line; guides Q3 EPS in-line, revs in-line; guides FY24 EPS above consensus, revs in-line
Verint Systems (VRNT 25.77, -5.10, -16.5%): misses by $0.09, misses on revs; guides FY24 EPS in-line, revs below consensus
UiPath (PATH 16.98, +0.76, +4.7%): beats by $0.05, beats on revs; guides Q3 revs below consensus; guides FY24 revs above consensus; authorizes $500 mln for repurchases
ChargePoint (CHPT 6.27, -0.79, -11.2%): reports Q2 (Jul) results, misses on revs; guides Q3 revs below consensus; guides FY24 revs below consensus
BlackBerry (BB 4.92, -0.62, -11.2%): guides Q2 revs below consensus; reiterates FY24 sales outlook for Cybersecurity and Licensing segments
Dave & Buster’s (PLAY 36.50, -0.90, -2.4%): misses by $0.01, misses on revs, comps fell -6.3%; increases repurchase program by $100 mln
G-III Apparel (GIII 22.14, +2.84, +14.7%): beats by $0.38, beats on revs; guides Q3 EPS above consensus, revs below consensus; guides FY24 EPS above consensus, revs above consensus

[Truman]

Apple (AAPL 178.06, -4.875, -2.7%): China aiming to broaden Apple (AAPL) iPhone ban to state and federal agencies, according to Bloomberg; expected to increase prices on premium iPhones next week by $100, according to the WSJ

[Truman]

McDonald’s (MCD 278.20, +2.76, +1.0%): upgraded to Overweight from Equal Weight at Wells Fargo
Goldman Sachs (GS 322.00, +0.87, +0.3%): HSBC initiated coverage with a Buy rating
Roku (ROKU 85.23, -0.96, -1.1%): downgraded to Hold from Buy at Loop Capital

[Truman]

Dutch Bros (BROS 26.30, -1.78, -6.3%): files mixed shelf securities offering; announces proposed public offering of $300 million Class A common stock

[Truman]

WestRock (WRK 34.00, +2.12, +6.7%): and Smurfit Kappa (SMFKY) in discussions regarding key terms of potential combination

[Truman]

Calavo Growers (CVGW 34.65, +3.39, +10.8%): beats by $0.10, misses on revs

[Truman]

Equity indices in the Asia-Pacific region ended Thursday on a mostly lower note.

Japan’s Nikkei: -0.8%,
Hong Kong’s Hang Seng: -1.3%,
China’s Shanghai Composite: -1.1%,
India’s Sensex: +0.6%,
South Korea’s Kospi: -0.6%,
Australia’s ASX All Ordinaries: -1.2%.

Property stocks in Hong Kong rallied at the start of the session, but eventually retreated, ending in the red.

[Truman]

China’s August trade surplus $68.36 bln (expected surplus of $73.90 bln; last surplus of $80.60 bln).
August Imports -7.3% yr/yr (expected -9.0%; last -12.4%)
Exports -8.8% yr/yr (expected -9.2%; last -14.5%)

China’s largest banks have reportedly confirmed that rates for first-time mortgages will be lowered on September 25.

[Truman]

Australia’s July trade surplus AUD8.04 bln (expected surplus of AUD10.0 bln; last surplus of AUD10.3 bln).
July Imports 3.0% m/m (last -3.3%)
Exports -2.0% m/m (last -3.1%).
July Building Approvals -8.1% m/m, as expected (last -7.9%)

Australia’s Prime Minister Albanese will visit China later in the year.

[Truman]

Japan’s July Leading Index -1.2% m/m (last -0.2%) and Coincident Indicator -1.1% m/m (last 0.9%)

New Zealand’s Q2 Manufacturing Sales Volume 2.9% qtr/qtr (last -1.8%)
.
South Korea issued its first yen-denominated bond, raising about $500 mln.

[Truman]

Major European indices trade just above their flat lines.
STOXX Europe 600: -0.1%,
Germany’s DAX: +0.1%,
U.K.’s FTSE 100: +0.3%,
France’s CAC 40: +0.3%,
Italy’s FTSE MIB: UNCH,
Spain’s IBEX 35: +0.3%.

[Truman]

Eurozone’s Q2 Employment Change 0.2% qtr/qtr, as expected (last 0.6%); 1.3% yr/yr (expected 1.5%; last 1.6%).
Q2 GDP 0.1% qtr/qtr (expected 0.3%; last 0.1%); 0.5% yr/yr (expected 0.6%; last 1.1%)

Germany’s July Industrial Production -0.8% m/m (expected -0.5%; last -1.4%)

France’s Q2 nonfarm payrolls 0.1% qtr/qtr (last 0.1%).
July trade deficit -EUR8.1 bln (expected deficit of EUR6.8 bln; last deficit of EUR6.8 bln)

Italy’s July Retail Sales 0.4% m/m (expected 0.2%; last -0.2%); 2.7% yr/yr (last 3.9%)

Spain’s July Consumer Confidence 94.4 (expected 85.7; last 92.4)

Swiss August Unemployment Rate 2.1%, as expected (last 2.1%)

[Author]

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