Traders Market Weekly: Doing OK After September Gloom, Shutdowns, Strikes & Rates?

Viewing 15 posts - 61 through 75 (of 78 total)
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  • #66041
    Truman
    Participant

    Apple (AAPL 169.87, -0.57, -0.3%): ordered to face antitrust lawsuit regarding its Apple Pay offering, according to Reuters; Reports of overheating issues with new iPhone, according to the WSJ

    #66042
    Truman
    Participant

    CarMax (KMX 70.00, -9.69, -12.2%): reports EPS in-line, revs in-line; Retail used unit sales decreased 7.4% and comparable store used unit sales declined 9.0% yr/yr

    Micron (MU 65.63, -2.58, -3.8%): beats by $0.08, beats on revs; guides Q1 EPS below consensus, revs in-line

    Accenture (ACN 299.05, -15.33, -4.7%): beats by $0.06, reports revs in-line; guides Q1 revs in-line; guides FY24 EPS in-line, revs in-line; announces 15% increase in quarterly dividend to $1.29 per share; Board of Directors approves $4.0 billion of additional share repurchase authority

    Concentrix (CNXC 69.50, -4.47, -6.0%): misses by $0.14, reports revs in-line; guides Q4 EPS below consensus, revs above consensus; raises quarterly dividend 10% to $0.3025/share

    Worthington (WRO 69.52, -1.56, -2.2%): beats by $0.02, misses on revs; on-track to complete separation as early as Dec 2023

    #66043
    Truman
    Participant

    Workday (WDAY 205.12, -25.69, -11.2%): guided subscription growth to 17-19% through FY27, down from its prior long-term target of about 20%

    #66044
    Truman
    Participant

    AGCO Corp (AGCO 118.20, +0.65, +0.6%): will acquire an 85% interest in Trimble’s (TRMB) portfolio of Ag assets and technologies for cash consideration of $2.0 billion and the contribution of JCA Technologies

    #66045
    Truman
    Participant

    Peloton (PTON 5.30, +0.65, +14.0%): and lululemon (LULU) announce a five-year strategic partnership; PTON to become exclusive digital fitness content provider for LULU, which will become primary athletic apparel partner to PTON; LULU to discontinue its Studio Mirror

    #66046
    Truman
    Participant

    Duolingo (DUOL 156.00, +1.76, +1.1%): UBS initiated coverage with a Buy rating

    #66047
    Truman
    Participant

    Uber (UBER 45.16, +0.02, +0.04%): names Prashanth Mahendra-Rajah as CFO, effective November 13; joins from Analog Devices (ADI) where he served as CFO

    #66048
    Truman
    Participant

    Initial claims for the week ending September 23 increased just 2,000 to 204,000 (consensus 215,000).
    Continuing jobless claims for the week ending September 16 increased by 12,000 to 1.670 million.

    The key takeaway from the report is that the low level of initial claims — a leading indicator — continues to fit the framework of a tight labor market.

    #66049
    Truman
    Participant

    The third estimate for Q2 GDP was unchanged from the second estimate at 2.1%, as expected.
    The GDP Deflator, though, saw a friendly downward revision to 1.7% (consensus 2.0%) from 2.0%.
    Benchmark revisions showed real GDP increased at an annual rate of 5.6% from the second quarter of 2020 through the first quarter of 2023, 0.2 percentage point lower than previously indicated.

    The key takeaway from the report was the improved deflator reading. The 1.7% increase was the lowest since the second quarter of 2020.

    #66050
    Truman
    Participant

    The S&P 500 futures are down 4 points and are trading 0.1% below fair value.
    The Nasdaq 100 futures are down 37 points and are trading 0.2% below fair value.
    The Dow Jones Industrial Average futures are down 2 points and are trading roughly in line with fair value.

    #66057

    #66058

    Dow 33,666.34 116.07 0.35%
    S&P 500 4,299.70 25.19 0.59%
    Nasdaq 13,201.28 108.43 0.83%
    VIX 17.34 -0.88 -4.83%
    Gold 1,881.70 -9.20 -0.49%
    Oil 91.80 -1.88 -2.01%

    #66065
    MoneyNeverSleeps
    Participant

    GrafTech International (EAF) CEO and President Marcel Kessler to step down due to family reasons; company appoints current CFO Timothy Flanagan to serve as interim CEO… EAF up 0.3%

    #66066
    MoneyNeverSleeps
    Participant

    Instructure (INST) reaffirms guidance for Q3 and FY23 and also announces that Peter Walker has been named CFO, effective November 13, 2023… no indication for INST

    NIKE (NKE) beats by $0.18, reports revs in-line, gross margin decreased 10 bps to 44.2%, inventories down 10% yr/yr to $8.7 bln… NKE up 3.5%

    Vail Resorts (MTN) reports Q4 (Jul) results, misses on revs; pleased with season pass sales to date… MTN up 0.3%

    #66067
    MoneyNeverSleeps
    Participant

    TechnipFMC (FTI) awarded a “significant” flexible pipe contract between $75 million and $250 million by Petrobras… FTI up 0.3%

Viewing 15 posts - 61 through 75 (of 78 total)
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