Traders Market Weekly: Holiday Sales and Jobs

Viewing 15 posts - 31 through 45 (of 52 total)
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    Posts
  • #48037
    Truman
    Participant

    Baidu (BIDU 96.19, +1.63, +1.72%): beats by RMB1.21, beats on revs
    Dell (DELL 40.45, -0.62, -1.51%): provides Q4 outlook in shareholder presentation; guides Q4 adjusted EPS in-line, revs below consensus
    Zoom Video (ZM 72.83, -7.43, -9.26%): beats by $0.23, reports revs in-line; guides Q4 EPS below consensus, revs below consensus
    Best Buy (BBY 75.95, +5.12, +7.23%): beats by $0.36, beats on revs
    Dick’s Sporting Goods (DKS 103.90, -3.04, -2.84%): beats by $0.34, beats on revs; raises FY23 EPS and comp guidance; Q3 comps +6.5%
    Agilent (A 150.99, +5.85, +4.03%): beats by $0.14, beats on revs; guides Q1 EPS in-line, revs below consensus; guides FY23 EPS above consensus, revs below consensus
    Medtronic (MDT 79.50, -2.79, -3.39%): beats by $0.02, misses on revs; lowers FY23 EPS below consensus
    Analog Devices (ADI 164.58, +5.34, +3.35%): beats by $0.14, beats on revs; guides Q1 EPS above consensus, revs above consensus
    Burlington Stores (BURL 166.05, +8.41, +5.33%): misses by $0.09, reports revs in-line; guides Q4 EPS in-line
    Urban Outfitters (URBN 26.04, +0.51, +2.00%): misses by $0.02, beats on revs
    Toll Brothers (TOL 45.65, +0.61, +1.35%): upgraded to Overweight from Neutral at JPMorgan
    GameStop (GME 25.57, +0.41, +1.63%): Carl Icahn is shorting GameStop shares, according to Bloomberg
    Dollar Tree (DLTR 160.00, -5.24, -3.17%): beats by $0.02, beats on revs; guides Q4 revs above consensus; guides FY23 EPS in-line, revs above consensus
    Abercrombie & Fitch (ANF 21.25, +2.62, +14.06%): beats by $0.13, beats on revs; guides Q4 revs above consensus; Terry Burman to step down as Chairperson of the Board after fiscal year ending Jan. 28, 2023; Nigel Travis to become new Board Chairperson

    #48038
    Truman
    Participant

    Energy complex futures are mixed.

    WTI crude oil futures are up 2.0% to $81.60/bbl
    natural gas futures are down 2.1% to $7.07/mmbtu.

    #48039
    Truman
    Participant

    The S&P 500 futures are up 8 points and are trading 0.2% above fair value.
    The Nasdaq 100 futures are up 13 points and are trading 0.2% above fair value.
    The Dow Jones Industrial Average futures are up 67 points and are trading 0.2% above fair value.

    #48042
    TradersCom
    Keymaster

    S&P 500 $SPX sectors ALL positive early on:

    #Energy (+1.99%) #materials (+1.25%) #utilities (+1.19%) Lead

    Communication services (+0.24%), consumer discretionary (+0.64%), information technology (+0.35%) all lag

    • This reply was modified 2 months, 1 week ago by TradersCom.
    #48052

    Great song of season for those who “rock” — from the great 2nd album 🙂

    #48059

    Dow 34,098.10 397.82 1.18%
    S&P 500 4,003.58 53.64 1.36%
    Nasdaq 11,174.41 149.90 1.36%
    VIX 21.29 -1.07 -4.79%
    Gold 1,740.80 1.20 0.07%
    Oil 81.15 1.42 1.78%

    the SANTA RALLY continues 🙂

    #48090
    Truman
    Participant

    Equity indices in the Asia-Pacific region ended the midweek session on a mostly higher note while markets in Japan were closed for a holiday.

    —Equity Markets—

    Japan’s Nikkei: CLOSED
    Hong Kong’s Hang Seng: +0.6%
    China’s Shanghai Composite: +0.3%
    India’s Sensex: +0.2%
    South Korea’s Kospi: +0.5%
    Australia’s ASX All Ordinaries: +0.6%

    #48091
    Truman
    Participant

    Two large cities in China are planning to conduct mass coronavirus testing over the next four days while Shenzhen will restrict access to public venues.
    The Reserve Bank of New Zealand raised its official cash rate by 75 bps to 4.25%, as expected. The central bank now expects a terminal official cash rate of 5.50% in 2023.
    South Korea’s December Manufacturing BSI Index 70 (last 75)
    Australia’s flash November Manufacturing PMI 51.5 (last 52.7) and flash Services PMI 47.2 (last 49.3)
    Singapore’s Q3 GDP 4.6% qtr/qtr (expected 1.3%; last 6.3%); 4.1% yr/yr (expected 4.3%; last 4.5%). October CPI 6.7% yr/yr (expected 7.1%; last 7.5%) and Core CPI 5.1% yr/yr (expected 5.3%; last 5.3%)

    #48092
    Truman
    Participant

    Major European indices trade near their flat lines.

    —Equity Markets—

    STOXX Europe 600: +0.2%
    Germany’s DAX: -0.2%
    U.K.’s FTSE 100: +0.1%
    France’s CAC 40: UNCH
    Italy’s FTSE MIB: -0.2%
    Spain’s IBEX 35: -0.1%

    #48093
    Truman
    Participant

    European Central Bank Vice President de Guindos said that the central bank will keep hiking rates, adding that a recession in Q4 and Q1 would not be a surprise.
    The British Supreme Court ruled that Scotland can’t host a second independence referendum without receiving approval from the British parliament.
    Credit Suisse warned that it expects to report a pre-tax loss of CHF1.50 bln for Q4.
    Eurozone’s flash November Manufacturing PMI 47.3 (expected 46.0; last 46.4) and flash Services PMI 48.6 (expected 48.0; last 48.6)
    Germany’s flash November Manufacturing PMI 46.7 (expected 45.0; last 45.1) and flash Services PMI 46.4 (expected 46.2; last 46.5)
    U.K.’s flash November Manufacturing PMI 46.2 (expected 45.7; last 46.2) and flash Services PMI 48.8 (expected 48.0; last 48.8)
    France’s flash November Manufacturing PMI 49.1 (expected 47.0; last 47.2) and flash Services PMI 49.4 (expected 50.6; last 51.7)

    #48094
    Truman
    Participant

    Deere (DE 429.75, +13.19, +3.2%): beats by $0.33, beats on revs; provides FY23 net income guidance
    HP Inc. (HPQ 30.14, +0.76, +2.6%): beats by $0.01, reports slight beat on revs; guides JanQ EPS below consensus; guides FY23 EPS below consensus; to reduce global headcount by 4,000-6,000; increases quarterly dividend by 5%
    Nordstrom (JWN 20.88, -1.77, -7.8%): beats by $0.05, reports revs in-line; reaffirms FY23 EPS guidance, revs guidance
    Autodesk (ADSK 188.14, -20.76, -9.9%): reports EPS in-line, revs in-line; guides Q4 EPS in-line, revs below consensus; lowers FY23 billings guidance; authorized additional $5 bln for share repurchases
    Guess? (GES 18.26, -1.49, -7.5%): misses by $0.11, beats on revs; guides Q4 EPS below two analyst estimate, revs below two analyst estimate
    Manchester United (MANU 16.0, +1.36, +9.1%): to explore strategic alternatives, including possibility of new investment into the club or sale of the club
    Credit Suisse (CS 3.9900, -0.10, -2.4%): provides updated Q4 outlook; shareholders approve $4.2 billion capital raise
    Apple (AAPL 149.88, -0.30, -0.2%): There are protests occurring at the Foxconn manufacturing facility in China, according to Bloomberg

    #48119

    Dow 34,194.06 95.96 0.28%
    S&P 500 4,027.26 23.68 0.59%
    Nasdaq 11,285.32 110.91 0.99%
    VIX 20.47 -0.82 -3.85%
    Gold 1,750.80 10.90 0.63%
    Oil 77.45 -3.50 -4.32%

    #48120

    Bonus from 1 of greatest Jazz/Christian artist that my bride & I saw in person a few years back 🙂

    #48226
    Truman
    Participant

    Equity indices in the Asia-Pacific region ended the week on a mixed note.

    —Equity Markets—

    Japan’s Nikkei: -0.4% (+1.4% for the week)
    Hong Kong’s Hang Seng: -0.5% (-2.3% for the week)
    China’s Shanghai Composite: +0.4% (+0.1% for the week)
    India’s Sensex: UNCH (+1.0% for the week)
    South Korea’s Kospi: -0.1% (-0.3% for the week)
    Australia’s ASX All Ordinaries: +0.2% (+1.3% for the week)

    #48227
    Truman
    Participant

    Concerns about near-term growth remained in place as China expanded its lockdown measures.
    Meanwhile, the People’s Bank of China lowered its reserve requirement ratio by 25 bps, freeing roughly CNY500 bln of liquidity.
    The Bank of Korea raised its base rate by 25 bps to 3.25% on Wednesday evening, as expected. Governor Rhee said that the terminal rate could reach 3.50%.
    Japan’s November Tokyo CPI 3.8% yr/yr (last 3.5%) and Tokyo Core CPI 3.6% yr/yr (expected 3.5%; last 3.4%)
    New Zealand’s Q3 Retail Sales 0.4% qtr/qtr (expected 0.5%; last -2.3%)
    Singapore’s October Industrial Production 0.9% m/m (expected -0.3%; last 0.2%); -0.8% yr/yr (expected -0.9%; last 1.6%)

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