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

Viewing 15 posts - 46 through 60 (of 84 total)
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    flash January Manufacturing PMI 47.3 (expected 46.7; last 46.2) and flash Services PMI 53.8 (expected 53.2; last 53.4).
    January CBI Industrial Trends Orders -30 (expected -23; last -23)


    Netflix (NLFX 540.12, +47.93, +9.7%): 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

    Baker Hughes (BKR 31.57, +0.04, +0.1%): beats by $0.03, misses on revs

    Texas Instruments (TXN 168.21, -6.13, -3.5%): beats by $0.11, reports revs in-line; guides Q1 EPS below consensus, revs below consensus

    Steel Dynamics (STLD 115.01, -1.13, -1.0%): misses by $0.02, reports revs in-line; steel pricing has firmed, and customer order entry activity continues to be solid

    SAP SE (SAP 174.35, +10.97, +6.7%): misses by €0.18, beats on revs; provides FY24 guidance; executing restructuring as it increases focus on growth areas, such as Business AI, affecting approximately 8,000 positions

    Intuitive Surgical (ISRG 396.13, +24.72, +6.7%): 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; anticipates FY24 procedure growth of +13-16% yr/yr


    eBay (EBAY 43.04, +1.63, +3.9%): announced a restructuring plan; expects that its financial results for the quarter will be at least consistent with or, in the case of some measures, slightly above, the higher end of the guidance


    Elevance Health (ELV 486.08, +13.92, +3.0%): beats by $0.03, reports revs in-line; guides FY24 EPS above consensus; raises dividend

    AT&T (T 16.51, -0.68, -4.0%): misses by $0.03, beats on revs; guides FY24 EPS below consensus

    General Dynamics (GD 250.56, +1.19, +0.5%): misses by $0.04, beats on revs

    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

    DuPont (DD 65.27, -8.42, -11.3%): sees Q4 EPS in-line, revs below consensus; sees Q1 EPS and revs below consensus

    Kimberly-Clark (KMB 120.46, -4.49, -3.6%): misses by $0.03, reports revs in-line, expects low-to-mid single digit growth in organic net sales in 2024, high-single-digit growth for adjusted EPS on constant currency basis


    BlackBerry (BB 3.20, -0.35, -10.0%): announces proposed private offering of $160 million of convertible senior notes


    S&P 500 futures are up 23 points and are trading 0.4% above fair value,
    Nasdaq 100 futures are up 136 points and are trading 0.8% above fair value,
    Dow Jones Industrial Average futures are up 110 points and are trading 0.3% above fair value.

    Participants are digesting another slate of earnings news, headlined by Netflix (NLFX), which sports a big pre-open gain, and Texas Instruments (TXN), which trades down ahead of the open.

    Treasury yields are moving lower, supporting the positive bias in equities.

    The 10-yr note yield is down three basis points to 4.11% and the 2-yr note yield is down six basis points to 4.32%.


    MBA Mortgage Applications Index jumped 3.7% this week

    US MBA #mortgage applications w:e. 19 January
    +3.7% vs +10.4% prior
    Market index 218.2 vs 210.5 prior
    Purchase index 174.3 vs 162.2 prior
    Refinance index 438.4 vs 471.2prior
    30-year mortgage rate 6.78% vs 6.75% prior


    Dow 37,806.39 -99.06 -0.26%
    S&P 500 4,868.55 3.95 0.08%
    Nasdaq 15,481.92 55.97 0.36%
    VIX 13.09 0.54 4.30%
    Gold 2,013.20 -12.60 -0.62%
    Oil 75.40 1.03 1.38%


    Equity indices in the Asia-Pacific region ended Thursday on a mostly higher note.
    Japan’s Nikkei: UNCH,
    Hong Kong’s Hang Seng: +2.0%,
    China’s Shanghai Composite: +3.0%,
    India’s Sensex: -0.5%,
    South Korea’s Kospi: UNCH,
    Australia’s ASX All Ordinaries: +0.5%.

    Markets in China and Hong Kong extending this week’s rebound with leadership from property names.
    China Securities Daily speculated that the medium-term lending facility rate could be lowered soon.


    Spring wage negotiations started in Japan today.



    Markets in China and Hong Kong extending this week’s rebound with leadership from property names.
    China Securities Daily speculated that the medium-term lending facility rate could be lowered soon.
    People’s Bank of China Governor Pan said that the central bank has more room for action, but it remains committed to prude


    South Korea
    Q4 GDP 0.6% qtr/qtr (expected 0.5%; last 0.6%); 2.2% yr/yr (expected 2.1%; last 1.4%).
    February Manufacturing BSI Index 72 (last 72)

    The Bank of Korea will allow asset managers, mutual savings fund, and credit unions to participate in open market operations to expand the reach of monetary policy.


    Hong Kong
    December trade deficit $59.9 bln (last deficit of $27.9 bln).
    December Imports 11.6% m/m (last 7.1%)
    Exports 11.0% m/m (last 7.4%)


    Major European indices trade in the red ahead of the European Central Bank’s policy announcement at 8:15 ET.
    STOXX Europe 600: -0.3%,
    Germany’s DAX: -0.4%,
    U.K.’s FTSE 100: -0.1%,
    France’s CAC 40: -0.5%,
    Italy’s FTSE MIB: -1.1%,
    Spain’s IBEX 35: -1.0%.


    Norway’s central bank made no policy changes, saying that it expects to hold rates at their current levels for some time.

Viewing 15 posts - 46 through 60 (of 84 total)
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