Traders Market Weekly: America on Show; Big Oil, Apple, FOMC and Boeing

Viewing 15 posts - 31 through 45 (of 84 total)
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  • #70797
    MoneyNeverSleeps
    Participant

    Fair Value for Wednesday, January 24:

    S&P 500: 4,894
    Nasdaq 100: 17,522
    DJIA: 38,078

    #70798
    MoneyNeverSleeps
    Participant

    BlackBerry (BB) announces proposed private offering of $160 million of convertible senior notes…
    BB down 13.1%

    #70799
    MoneyNeverSleeps
    Participant

    Intuitive Surgical (ISRG) beats by $0.12, beats on revenue, which is inline with guidance from January 8; worldwide da Vinci procedures grew 21%, also inline with guidance; guides on the call: anticipates FY24 procedure growth of +13-16% yr/yr…
    ISRG up 6.1%

    #70800
    MoneyNeverSleeps
    Participant

    Netflix (NFLX) misses by $0.11, beats on revs, net adds +13.12 mln; guides Q1 EPS above consensus, revs in-line; raises FY24 op mgn guidance; not interested in acquiring linear assets…
    NFLX up 8.4%

    #70801
    MoneyNeverSleeps
    Participant

    Stride (LRN) beats by $0.23, beats on revs; guides Q3 revs above consensus; guides FY24 revs in-line…
    LRN up 4.1%

    #70802
    MoneyNeverSleeps
    Participant

    Texas Instruments (TXN) beats by $0.11, reports revs in-line; guides Q1 EPS below consensus, revs below consensus…
    TXN down 3.9%

    #70823
    Truman
    Participant

    Equity indices in the Asia-Pacific region ended the midweek session on a mostly higher note with markets in China and Hong Kong extending their rebound after the People’s Bank of China lowered the reserve requirement ratio to 10.0% from 10.5% and indicated that policies aimed at improving commercial property loans will be revealed on Wednesday night or Thursday night.

    —Equity Markets—

    Japan’s Nikkei: -0.8%
    Hong Kong’s Hang Seng: +3.6%
    China’s Shanghai Composite: +1.8%
    India’s Sensex: +1.0%
    South Korea’s Kospi: -0.4%
    Australia’s ASX All Ordinaries: +0.1%

    #70827
    Truman
    Participant

    Japan
    10-yr yield jumped six basis points to 0.70% in what is being described as a delayed reaction to yesterday’s policy announcement.
    Japan’s flash January Manufacturing PMI 48.0 (expected 48.2; last 47.9) and flash Services PMI 52.7 (last 51.5).
    December trade deficit JPY350 bln (expected deficit of JPY450 bln; last deficit of JPY410 bln).
    December Imports -6.8% yr/yr (expected -5.3%; last -11.9%)
    Exports 9.8% yr/yr (expected 9.1%; last -0.2%)

    #70828
    Truman
    Participant

    Australia
    Manufacturing PMI returned into expansionary territory for the first time since February 2023.
    Australia’s flash January Manufacturing PMI 50.3 (last 47.6) and flash Services PMI 47.9 (last 47.1).
    December Leading Index 0.0% m/m (last 0.1%)

    #70829
    Truman
    Participant

    South Korea
    January Consumer Confidence 101.6 (last 99.5)

    #70830
    Truman
    Participant

    New Zealand
    Q4 CPI 0.5% qtr/qtr, as expected (last 1.8%); 4.7% yr/yr, as expected (last 5.6%)

    #70831
    Truman
    Participant

    Major European indices trade in positive territory.

    Chip equipment manufacturer ASML beat quarterly expectations and maintained a cautious outlook for the year.

    —Equity Markets—

    STOXX Europe 600: +0.9%
    Germany’s DAX: +1.5%
    U.K.’s FTSE 100: +0.4%
    France’s CAC 40: +0.8%
    Italy’s FTSE MIB: +0.6%
    Spain’s IBEX 35: +1.1%

    #70832
    Truman
    Participant

    ASML (ASML 822.00, +43.61, +5.6%): beats by $0.45, beats on revs; guides Q1 revs below consensus; guides FY24 revs below consensus

    #70833
    Truman
    Participant

    Flash Manufacturing PMI readings from Germany, France, and the U.K. beat expectations, though all remained in contractionary territory.

    Eurozone’s flash January Manufacturing PMI 46.6 (expected 44.8; last 44.4) and flash Services PMI 48.4 (expected 49.0; last 48.8)
    U.K.’s flash January Manufacturing PMI 47.3 (expected 46.7; last 46.2) and flash Services PMI 53.8 (expected 53.2; last 53.4).
    Germany’s flash January Manufacturing PMI 45.4 (expected 43.7; last 43.3) and flash Services PMI 47.6 (expected 49.5; last 49.3)
    France’s flash January Manufacturing PMI 43.2 (expected 42.5; last 42.1) and flash Services PMI 45.0 (expected 46.0; last 45.7)

    #70834
    Truman
    Participant

    Germany
    SAP is rallying after announcing that 8,000 jobs will be restructured. Chip equipment manufacturer ASML beat quarterly expectations and maintained a cautious outlook for the year.
    ifo institute lowered its domestic growth forecast for 2024 to 0.7% from 0.9%.

Viewing 15 posts - 31 through 45 (of 84 total)
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