Traders Market Weekly: Jobs and Central Bankers

Viewing 15 posts - 31 through 45 (of 63 total)
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  • #40829

    and a few “420” songs related to CONGRESS attempting on FED basis to legalize “devil weed”
    While both medically & recreationally legal in Virginia — moderation is all important
    It’s something NOT to be abused .. Our family + baby pugs + deer herd are trying to stay healthy 🙂

    #40834

    Dow 31,761.54 -228.50 -0.71%
    S&P 500 3,921.05 -45.79 -1.15%
    Nasdaq 11,562.57 -220.09 -1.87%
    GlobalDow 3,528.76 -27.10 -0.76%
    Gold 1,715.70 -3.40 -0.20%
    Oil 95.02 -1.68

    our wonderful “princess” daughter by same name celebrates her birthday 🙂

    #40850
    TradersCom
    Keymaster

    Happy Birthday Sara!

    #40860
    Truman
    Participant

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

    —Equity Markets—

    Japan’s Nikkei: +0.2%
    Hong Kong’s Hang Seng: -1.1%
    China’s Shanghai Composite: -0.1%
    India’s Sensex: +1.0%
    South Korea’s Kospi: +0.1%
    Australia’s ASX All Ordinaries: +0.2%

    #40861
    Truman
    Participant

    China Securities Journal reported that about 70 cities will introduce measures to support the property market.
    South Korea’s consumer confidence reached a 21-month low in the July reading.
    Japan’s cabinet office raised Japan’s economic assessment for the first time since April.
    Australia’s treasurer warned that CPI will heat up and that the CPI forecast needs to be increased while cutting the GDP outlook.
    China’s June Industrial Profit 1.0% YTD (last 1.0%)
    Japan’s May Leading Index 101.2 (last 102.9) and Coincident Indicator -1.9% m/m (last 0.0%)
    South Korea’s July Consumer Confidence 86.0 (last 96.4)
    Australia’s Q2 CPI 1.8% qtr/qtr (expected 1.9%; last 2.1%); 6.1% yr/yr (expected 6.2%; last 5.1%)

    #40862
    Truman
    Participant

    Major European indices trade in the green.

    —Equity Markets—

    STOXX Europe 600: +0.4%
    Germany’s DAX: +0.6%
    U.K.’s FTSE 100: +0.8%
    France’s CAC 40: +0.5%
    Italy’s FTSE MIB: +1.1%
    Spain’s IBEX 35: +0.7%

    #40863
    Truman
    Participant

    JPMorgan expects that the ECB will only raise rates by 50 bps before the end of the year, down from the previous forecast for 75-bps worth of rate hikes.
    Standard & Poor’s reaffirmed Italy’s BBB rating but lowered the outlook to Stable from Positive.
    Adidas lowered its outlook for the fiscal year. Germany’s GfK consumer survey fell to a record low.
    Eurozone’s June M3 Money Supply 5.7% yr/yr (expected 5.4%; last 5.6%) and Private Sector Loans 4.6% yr/yr (last 4.6%)
    Germany’s August GfK Consumer Climate -30.6 (expected -28.9; last -27.7)
    France’s July Consumer Confidence 80, as expected (last 82)
    Italy’s July Consumer Confidence 94.8 (expected 96.6; last 98.3) and Business Confidence 106.7 (expected 108.0; last 109.5)
    Swiss July ZEW Expectations -57.2 (last -72.7)

    #40865
    Truman
    Participant

    New orders for durable goods in June increased 1.9% (consensus -0.5%) after May’s revised increase of 0.8% (from 0.7%). New orders for durable goods, excluding transportation, rose 0.3% (consensus 0.3%) versus May’s revised increase of 0.5% (from 0.7%).

    #40866
    Truman
    Participant

    Advance report for Retail Inventories in June rose 2.0% versus the prior month’s revised increase of 1.6% (from 1.1%). The Advance report for Wholesale Inventories rose 1.9% versus May’s revised increased of 1.9% (from 2.0%). The Advance report for International Trade in Goods showed a deficit of $98.2 billion versus the prior revised deficit of $104.0 billion (from $104.3 billion).

    #40867
    Truman
    Participant

    Alphabet (GOOG 109.35, +3.91, +3.7%): misses by $0.06, reports revs in-line; Google Advertising revenue up 11.6%
    Microsoft (MSFT 260.25, +8.35, +3.3%): misses by $0.06, reports slight miss on revs; evolving macroeconomic conditions and other unforeseen items had an impact on financial results
    Visa (V 211.81, -0.68, -0.3%): beats by $0.23, beats on revs
    Humana (HUM 479.44, -12.84, -2.6%): beats by $0.99, reports revs in-line; guides FY22 EPS above consensus
    Boeing (BA 160.32, +4.40, +2.8%): misses by $0.27, misses on revs; returns to positive operating cash flow; remains on track to achieve positive free cash flow for 2022
    Texas Instruments (TXN 164.90, +4.06, +2.5%): beats by $0.33, beats on revs; guides Q3 EPS in-line, revs in-line
    Sherwin-Williams (SHW 230.00, -24.29, -9.6%): misses by $0.33, misses on revs; guides Q3 revs in-line; guides FY22 EPS below consensus, revs in-line
    Chipotle Mexican Grill (CMG 1,423.90, +107.47, +8.2%): beats by $0.26, misses on revs; Q2 comps +10.1%; sees Q3 comps mid to high single digits including planned price increases
    Juniper Networks (JNPR 26.59, -1.48, -5.3%): misses by $0.02, reports revs in-line; guides Q3 EPS in-line, revs above consensus
    Enphase Energy (ENPH 236.85, +20.75, +9.6%): beats by $0.22, beats on revs; guides Q3 revs above consensus
    Spotify (SPOT 111.70, +7.73, +7.4%): misses by €0.21, beats on revs; guides Q3 revs above consensus

    #40868
    Truman
    Participant

    Energy futures are also on the rise. WTI crude oil futures are up 1.2% to $96.13/bbl.
    Natural gas futures are up 0.9% to $8.90/mmbtu.
    Unleaded gasoline futures are up 1.7% to $3.13/gal.

    #40869
    Truman
    Participant

    MBA weekly Mortgage Application Index showed a drop in demand for the fourth straight week with total volume down 1.8%.

    #40870
    Truman
    Participant

    S&P 500 futures are up 34 points and are trading 0.8% above fair value.
    Nasdaq 100 futures are up 181 points and are trading 1.5% above fair value.
    Dow Jones Industrial Average futures are up 149 points and are trading 0.6% above fair value.

    #40926

    Dow 32,196.00 434.46 1.37%
    S&P 500 4,023.36 102.31 2.61%
    Nasdaq 12,032.42 469.85 4.06%
    GlobalDow 3,574.61 43.25 1.22%
    Gold 1,732.10 14.40 0.84%
    Oil 98.30 3.32 3.50%

    #40927
    TradersCom
    Keymaster

    Ford Q2 22 Beats Earnings Guides Higher

    $14.23▲ 1.04 (▲7.92%) After Hours
    Q2 Adj EPS 68c, Est. 45c
    Q2 Automotive Rev. $37.9b, Est. $34.52b
    Still Sees FY Adj EBIT $11.5b To $12.5b, Est. $11.15b
    Still Sees FY Adj Free Cash Flow $5.5b To $6.5b

Viewing 15 posts - 31 through 45 (of 63 total)
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