Traders Market Weekly: Eyes Up on Retail and Inflation

Viewing 15 posts - 16 through 30 (of 67 total)
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  • #36520
    Helmholtz Watson
    Participant

    Blood on the streets – some huge losses out there of fan favorites – watching $UPST after earnings now at $46 from $400 – wow!!!

    #36521
    Helmholtz Watson
    Participant

    Great choices – especially beds are burning!

    #36542
    Truman
    Participant

    Equity indices in the Asia-Pacific region ended Tuesday on a mostly lower note.
    Japan’s Nikkei: -0.6%
    Hong Kong’s Hang Seng: -1.8%
    China’s Shanghai Composite: +1.1%
    India’s Sensex: -0.2%
    South Korea’s Kospi: -0.6%
    Australia’s ASX All Ordinaries: -1.0%.

    #36543
    Truman
    Participant

    Japan’s March Household Spending 4.1% m/m (expected 2.6%; last -2.8%); -2.3% yr/yr (expected -2.8%; last 1.1%)
    Australia’s Q1 Retail Sales 1.2% qtr/qtr (expected 1.0%; last 7.9%). April NAB Business Confidence 10 (last 16) and NAB Business Survey 20 (last 15)
    New Zealand’s April Electronic Card Retail Sales 7.0% m/m (last -1.3%); 2.1% yr/yr (last -0.5%)

    #36544
    Truman
    Participant

    The U.S. is reportedly looking to ease some tariffs on imports from China.
    Japan’s household spending showed a yr/yr decrease for the first time in three months in March.
    Sony partially reopened its plant in Shanghai this week.
    Japan’s former Prime Minister Abe said that policymakers have hampered independence of the Bank of Japan.

    #36545
    Truman
    Participant

    Major European indices trade in the green.

    STOXX Europe 600: +1.1%
    Germany’s DAX: +1.1%
    U.K.’s FTSE 100: +0.5%
    France’s CAC 40: +0.5%
    Italy’s FTSE MIB: +1.3%
    Spain’s IBEX 35: +0.9%.

    #36546
    Truman
    Participant

    Eurozone’s May ZEW Economic Sentiment 29.5 (expected -42.0; last 43.0)
    Germany’s May ZEW Economic Sentiment -34.3 (expected -42.0; last -41.0) and ZEW Current Conditions -36.5 (expected -35.0; last -30.8)
    Italy’s March Industrial Production 0.0% m/m (expected -1.9%; last 4.0%); 3.0% yr/yr (expected 1.3%; last 3.4%)
    The EU is reportedly planning a EUR15 bln debt sale to fund Ukraine’s short-term financing needs.
    British Foreign Secretary is planning changes to the Northern Ireland protocol that will likely draw opposition from the EU.
    British gas supplier Centrica said that earnings for the year are on track to be near the high end of expectations.

    #36547
    Truman
    Participant

    Peloton (PTON 10.21, -3.92): -27.7% after missing EPS estimates and guiding fiscal Q4 revenue below consensus.
    Upstart (UPST 35.80, -41.33): -53.6% after guiding Q2 revenue below consensus and lowering its FY22 revenue outlook. Upstart beat top and bottom-line estimates.
    Novavax (NVAX 41.16, -12.10): -22.7% after missing revenue estimates.
    Biohaven Pharma (BHVN 141.95, +58.81): +70.7% after agreeing to be acquired by Pfizer (PFE 48.16, -0.48, -1.0%) for $11.6 billion in cash. BHVN beat top and bottom-line estimates.

    #36548
    Truman
    Participant

    Upgrades: ALV, EOG, GPC, GPK, MAXR, PGR, RNG
    Downgrades: AFRM, BCC, EIX, GDRX, MO, PLTR, UPST

    #36560

    An interesting battle in the “PITS” between bulls & bears today
    as DOW started +500 in GREEN and went slightly RED — as some day trading WALL ST Beef got cooked
    How do like your STEAKS … rare, medium, or well done – lol

    #36569

    Dow 32,160.41 -85.29 -0.26%
    S&P 500 4,001.07 9.83 0.25%
    Nasdaq 11,737.67 114.42 0.98%
    GlobalDow 3,703.50 -1.37 -0.04%
    Gold 1,837.60 -21.00 -1.13%
    Oil 99.71 -3.38 -3.28%

    #36581
    TradersCom
    Keymaster

    Earnings/Guidance:

    Aecom Tech (ACM) beats by $0.05, misses on revs; reaffirms FY22 EPS guidance
    Alight (ALIT) reports Q1 results
    AngloGold Ashanti (AU) reports Q1 results
    Azul S.A. (AZUL) beats by BRL 0.13, reports revs in-line; provides FY22 guidance
    Ballard Power (BLDP) misses by $0.03, misses on revs
    Beam Therapeutics (BEAM) beats by $0.10, misses on revs
    BioNTech (BNTX) beats by EUR 5.08, beats on revs
    Clarivate (CLVT) beats by $0.03, reports revs in-line; reaffirms FY22 EPS guidance, revs guidance
    Coty (COTY) beats by $0.02, beats on revs; raises FY22 EPS in-line
    Duke Energy (DUK) misses by $0.03, beats on revs; reaffirms FY22 EPS guidance
    Elanco Animal Health (ELAN) beats by $0.01, reports revs in-line; guides Q2 EPS below consensus, revs below consensus; lowers FY22 outlook
    Energizer (ENR) beats by $0.09, beats on revs; provides guidance
    Exelon (EXC) misses by $0.01
    Faraday Future Intelligent Electric (FFIE) reports 3Q21 results
    GCP Applied Tech. (GCP) misses by $0.04, beats on revs
    Heska Corp (HSKA) misses by $0.12, misses on revs; reaffirms FY22 revs guidance
    HF Sinclair (DINO) beats by $0.85, beats on revs
    Hilton Grand Vacations (HGV) misses by $0.12, beats on revs
    Holly Energy Partners (HEP) beats by $0.08, beats on revs
    Jones Lang LaSalle (JLL) beats by $1.33, beats on revs
    Lordstown Motors (RIDE) misses by $0.01
    Macerich (MAC) beats by $0.04, beats on revs; narrows FY22 FFO in-line
    MSG Entertainment (MSGE) misses by $0.80, beats on revs
    Palantir Technologies (PLTR) misses by $0.02, reports revs in-line; guides Q2 revs below consensus
    R1 RCM (RCM) misses by $0.04, reports revs in-line; guides FY22 revs in-line
    RadNet (RDNT) misses by $0.15, beats on revs; raises FY22 revs in-line
    TEGNA (TGNA) beats by $0.06, beats on revs
    Thoughtworks (TWKS) beats by $0.01, beats on revs; guides Q2 EPS in-line, revs above consensus; raises FY22 EPS in-line
    TreeHouse Foods (THS) beats by $0.37, beats on revs; reaffirms FY22 revs guidance
    Tyson Foods (TSN) beats by $0.41, beats on revs; guides FY22 revs in-line
    Veritiv (VRTV) reports Q1 (Mar) results
    Viatris (VTRS) reports Q1 (Mar) results, misses on revs; reaffirms FY22 revs guidance
    Westport Fuel Systems (WPRT) reports Q1 (Mar) results, beats on revs
    WideOpenWest (WOW) misses by $0.07, reports revs in-line; guides Q2 revs above consensus; guides FY22 revs above consensus

    #36582
    TradersCom
    Keymaster

    Upgrades:
    Brookfield Renewable Partners (BEP) upgraded to Buy from Hold at TD Securities; tgt $41
    Cigna (CI) upgraded to Outperform from Market Perform at Cowen; tgt raised to $329
    dLocal Limited (DLO) upgraded to Buy from Neutral at New Street; tgt $38
    MaxLinear (MXL) upgraded to Positive from Neutral at Susquehanna; tgt $60

    Downgrades:
    ACM Research (ACMR) downgraded to Neutral from Buy at Goldman; tgt lowered to $20
    Arvinas (ARVN) downgraded to Neutral from Outperform at Wedbush
    BankUnited (BKU) downgraded to Underweight from Neutral at Piper Sandler; tgt lowered to $41
    Black Knight (BKI) downgraded to Mkt Perform from Outperform at Keefe Bruyette; tgt lowered to $80
    iHeartMedia (IHRT) downgraded to Neutral from Overweight at JP Morgan; tgt lowered to $19
    Melco Resorts & Entertainment (MLCO) downgraded to Market Perform from Outperform at CICC; tgt $6.30
    Others:
    Applied Blockchain (APLD) initiated with a Buy at B. Riley Securities; tgt $10
    Lantheus Holdings (LNTH) initiated with a Buy at B. Riley Securities; tgt $91
    Lufax (LU) initiated with an Outperform at CICC; tgt $7.80
    Salesforce (CRM) initiated with an Outperform at CICC; tgt $219

    #36618
    Truman
    Participant

    Prior to CPI’

    S&P Futures vs Fair Value: +44.0
    10 yr Note: 2.934%
    USD/JPY: 129.61 -0.85
    EUR/USD: 1.0566 +0.0034
    Europe: FTSE: +1.2% DAX: +1.0% CAC: +2.0%
    Asia: Hang Seng: +1.0% Shanghai: +0.8% Nikkei: +0.2%
    Gold (1853.10 +12.10) Silver (21.83 +0.41) Crude (103.00 +3.24)

    #36619
    Truman
    Participant

    S&P 500 futures 1.2% above fair value; Nasdaq 100 futures 1.3% above fair value; DJIA futures 1.1% above fair value
    Key factors driving the futures market:
    Speculation that April CPI report could signal peak inflation and trigger a large rebound effort
    Follow through buying in mega-cap stocks
    10-yr note yield down to 2.94%
    Shanghai making progress on stopping spread of COVID, as reports note more than half the city is COVID free
    ECB President Lagarde signals bond buying stimulus program apt to end in early part of Q3 and rate hike to follow soon thereafter
    Senate confirms Lisa Cook as Fed Governor
    Ukraine forced to cut off gas supplies to Europe because Russian military interference is impeding quality control efforts
    China’s April CPI +2.1% yr/yr, which is fastest pace since November
    House passes $40 billion in Ukraine aid; bill moves to Senate where it is expected to be approved
    Coinbase (COIN) drops 15% following disappointing Q1 earnings report and warning about Q2 activity
    Unity Software (U) plunges 22% on weaker-than-expected Q2 and FY22 outlook

Viewing 15 posts - 16 through 30 (of 67 total)
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