Traders Market Weekly: Reasoning Inflation and Market Authenticity

Viewing 15 posts - 61 through 75 (of 142 total)
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    Lumen Technologies (LUMN) beats by $0.02, reports revs in-line
    LUMN down 4.9%

    Paycom Software (PAYC) beats by $0.02, reports revs in-line; guides Q3 revs mostly below consensus; guides FY23 revs above consensus; announces it will expand its payroll solution into Canada.
    PAYC down 7.5%

    Pinterest (PINS) beats by $0.09, beats on revs, guides for Q3 revenue growth in high single digit range, which is roughly inline with consensus estimate.
    PINS up 1.5%


    e.l.f. Beauty (ELF) beats by $0.53, beats on revs; guides FY24 EPS above consensus, revs above consensus
    ELF up 15.9%


    Rover Group (ROVR) beats by $0.01, beats on revs; guides Q3 revs above consensus; guides FY23 revs above consensus ROVR up 18.3%

    Terex (TEX) beats by $0.69, beats on revs; raises FY23 guidance.
    TEX up 4.8%


    Fair Value for Wednesday, August 2:

    S&P 500: 4,601
    Nasdaq 100: 15,812
    DJIA: 35,482


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

    Japan’s Nikkei: -2.3%,
    Hong Kong’s Hang Seng: -2.5%,
    China’s Shanghai Composite: -0.9%,
    India’s Sensex: -1.0%,
    South Korea’s Kospi: -1.9%,
    Australia’s ASX All Ordinaries: -1.2%.


    Japan’s July Monetary Base -1.3% yr/yr (expected -0.9%; last -1.0%)
    Insurance stocks in Japan retreated amid reports that major firms colluded when offering premiums for large corporate customers, including oil refiners.


    South Korea’s July CPI 0.1% m/m (expected 0.2%; last 0.0%); 2.3% yr/yr (expected 2.4%; last 2.7%)

    South Korea’s July CPI increased at its slowest yr/yr pace in more than two years, but the Bank of Korea expects that the inflation rate will reaccelerate in August.


    New Zealand’s Q2 Employment Change 1.0% qtr/qtr (expected 0.5%; last 0.8%),
    Q2 Unemployment Rate 3.6% (expected 3.5%; last 3.4%),
    Q2 Participation Rate 72.4% (expected 72.0%; last 72.0%).
    Q2 Labor Cost Index 1.1% qtr/qtr (expected 1.2%; last 0.9%); 4.3% yr/yr (expected 4.4%; last 4.5%)


    Australia’s July AIG Construction Index -9.2 (last 10.6) and AIG Manufacturing Index -25.6 (last -19.8)


    Major European indices trade in the red as sentiment weakens after Fitch downgraded the sovereign rating of the U.S. to AA+ from AAA.

    STOXX Europe 600: -0.8%,
    Germany’s DAX: -0.8%,
    U.K.’s FTSE 100: -1.0%,
    France’s CAC 40: -0.6%,
    Italy’s FTSE MIB: -0.8%,
    Spain’s IBEX 35: -1.2%


    Spain’s July Unemployment Change -11,000 (expected -38,200; last -50,300)
    Swiss Q3 SECO Consumer Climate -8 (last -13) and July PMI 38.5 (expected 44.0; last 44.9)

    The Italian government plans to announce fiscal reforms, including tax cuts and a flat tax before elections in 2027.

    Fully loaded cargo ships are once again able to pass through the shallow points of Germany’s Rhine after recent rains.

    The Bank of England is expected to raise its bank rate by 25 bps to 5.25% tomorrow.
    British homebuilder Taylor Wimpey raised its home completion guidance for the year.


    AmerisourceBergen (ABC 189.20, +0.10, +0.1%): beats by $0.10, beats on revs; raises FY23 EPS mostly above consensus, revs above consensus; declares dividend; name change and new stock symbol

    Humana (HUM 475.23, +17.12, +3.7%): beats by $0.18, beats on revs; affirms FY23 EPS in-line

    CVS Health (CVS 75.40, +1.45, +2.0%): beats by $0.09, beats on revs; reaffirms FY23 EPS guidance

    DuPont (DD 76.49, -0.55, -0.7%): beats by $0.02, beats on revs; guides Q3 EPS below consensus, revs below consensus; guides FY23 EPS below consensus, revs above consensus

    Kraft Heinz (KHC 35.70, -0.18, -0.5%): beats by $0.03, misses on revs; reaffirms FY23 EPS and organic revenue growth guidance

    Yum! Brands (YUM 133.49, -2.87, -2.1%): beats by $0.17, worldwide system sales grew 13% (excluding FX)

    Generac (GNRC 135.75, -17.63, -11.5%): misses by $0.08, beats on revs; guides FY23 revs below consensus, lowers net income margin guidance

    Johnson Controls (JCI 66.49, -3.54, -5.1%): reports EPS in-line, revs in-line; guides Q4 EPS below consensus


    The ADP Employment Change showed a 324,000 increase in private sector payrolls in July (consensus 185,000) following a revised 455,000 increase in June (from 497,000).

    Small (less than 50 employees) +237K vs +299K prior
    Medium firms (500 – 499) +138K vs +183K prior
    Large (greater than 499 employees) -67K vs -8K prior


    Ferrari Q2 Earnings

    Non-GAAP EPS €1.83
    Revenue of €1.47B (+14.1% Y/Y)
    Total shipments of 3,392 units flat v Q2 2022, in line with plans for year.
    For FY2023 expects adjusted EPS between €6.25-€6.40 raised from prior view of €6-€6.20.

    $RACE 312.03 -5.59 (-1.76%) Pre-Market


    CVS Health Q2 23 Earnings:

    Adj EPS: $2.21 (exp $2.10)
    Revenue: $88.9B (exp $86.49B)
    Comparable Sales: +10.9% (exp +8.89%)
    FY EPS $6.53-$6.75 (Prev $6.90-$7.12)
    FY Free Cash Flow From Ops $12.5B-$13.5B

    $CVS 75.31 +1.36 (+1.83%) Pre-Market

Viewing 15 posts - 61 through 75 (of 142 total)
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