Traders Market Weekly: Central Banks, Debt, Jobs and Apple

Viewing 15 posts - 16 through 30 (of 73 total)
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  • #66898
    MoneyNeverSleeps
    Participant

    U.S. Treasuries sit on their highs after a steady rise off their opening levels.

    However, even with the early bounce off lows, the 5-yr note and shorter tenors remain in negative territory while 10sn and 30s have turned positive. Treasuries began rising immediately after the cash start while a recent wave of buying sent the 10-yr note and the 30-yr bond into positive territory after they underperformed in early action. Meanwhile, equities also opened in the red, and they too have been rising off their lows, though the S&P 500 (-0.1%) remains a bit below its flat line at this time.

    Yield:
    2-yr: +1 bp to 5.10%
    3-yr: +2 bps to 4.94%
    5-yr: UNCH at 4.86%
    10-yr: -1 bp to 4.92%
    30-yr: -3 bps to 5.06%

    #66903

    Dow 32,936.41 -190.87 -0.58%
    S&P 500 4,217.04 -7.12 -0.17%
    Nasdaq 13,018.33 34.52 0.27%
    VIX 20.51 -1.20 -5.53%
    Gold 1,984.80 -9.60 -0.48%
    Oil 85.96 -2.12 -2.41%

    #66911
    MoneyNeverSleeps
    Participant

    Agilysys (AGYS) beats by $0.06, beats on revs; guides FY24 revs above consensus… AGYS up 9.6%
    Cleveland-Cliffs (CLF) beats by $0.11, reports revs in-line, lowers FY23 capex guidance… CLF up 1.3%
    Crane (CR) beats by $0.16, beats on revs; narrows and raises FY23 EPS mostly above consensus; raises FY23 sales growth outlook… CR up 5.6%
    Inter Parfums (IPAR) sees Q3 revs above consensus… IPAR up 4.0%
    Medpace (MEDP) beats by $0.17, beats on revs; guides FY23 EPS above consensus, revs above consensus; guides FY24 revs above consensus… MEDP up 5.0%
    Nucor (NUE) beats by $0.28, beats on revs… NUE up 1.4%
    The Aaron’s Company (AAN) misses by $0.06, misses on revs; guides FY23 EPS below consensus, revs below consensus… AAN down 7.4%
    TrueBlue (TBI) misses by $0.07, misses on revs; guides Q4 revs below consensus… TBI down 12.2%

    #66912
    MoneyNeverSleeps
    Participant

    Redfin (RDFN) in 8-K filing: Funds managed by Apollo Capital Management (APO) agree to commit up to $250 mln of financing in the form of a first lien term loan facility… RDFN up 14.3%

    #66913
    MoneyNeverSleeps
    Participant

    Intl Flavors (IFF) up nearly +2.0% after mulling $3.5 bln sale of its Pharma Solutions business, according to Bloomberg… IFF up 1.9%

    #66914
    MoneyNeverSleeps
    Participant

    Sealed Air’s (SEE) President and CEO steps down, effective immediately; COO and CFO are appointed interim Co-Presidents and Co-CEOs; reaffirms FY23 EPS and revenue guidance… SEE up 1.1%

    #66915
    Truman
    Participant

    Archer-Daniels-Midland Co (ADM) Q3 2023 (USD):
    Adj. EPS: $1.63 (BEAT, expected: $1.52)
    Revenue: $21.70 billion (MISS, expected: $23.68 billion)
    Note: Raises FY23 earnings outlook

    Verizon Communications Inc (VZ) Q3 2023 (USD):
    EPS: $1.22 (BEAT, expected: $1.18)
    Revenue: $33.3 billion (BEAT, expected: $33.25 billion)
    Note: Raises FCF guidance

    Sherwin-Williams Co (SHW) Q3 2023 (USD):
    Adj. EPS: $3.20 (BEAT, expected: $2.77)
    Revenue: $6.12 billion (BEAT, expected: $6.02 billion)

    Coca-Cola Co (KO) Q3 2023 (USD):
    Adj. EPS: $0.74 (BEAT, expected: $0.69)
    Revenue: $12.00 billion (BEAT, expected: $11.44 billion)
    Organic Revenue Growth: +11.0% (BEAT, expected: +6.9%)
    Note: Raises FY EPS growth view to +7-8% (previous: +5-6%), Raises FY Adj. Revenue growth view to +10-11% (previous: +8-9%; expected: +9.88%).

    RTX Corporation (RTX) Q3 2023 (USD):
    Adj. EPS: $1.25 (BEAT, expected: $1.21)
    Revenue: $19 billion (BEAT, expected: $18.59 billion)
    Note: Announces $10 billion accelerated share buyback program

    Halliburton Co (HAL) Q3 2023 (USD):
    Adj. EPS: $0.77 (MEET, expected: $0.77)
    Revenue: $5.804 billion (MISS, expected: $5.86 billion)

    PulteGroup Inc (PHM) Q3 2023 (USD):
    EPS: $2.90 (BEAT, expected: $2.84)
    Revenue: $3.89 billion (MISS, expected: $4.02 billion)
    Note: Says despite high rates, desire for homeownership is strong while the supply remains constrained

    General Motors Co (GM) Q3 2023 (USD):
    Adj. EPS: $2.28 (BEAT, expected: $1.88)
    Revenue: $44.13 billion (BEAT, expected: $43.68 billion)
    Note: Withdraws FY23 guidance due to strike uncertainty

    3M Co (MMM) Q3 2023 (USD):
    Adj. EPS: $2.68 (BEAT, expected: $2.34)
    Revenue: $8.3 billion (BEAT, expected: $7.98 billion)
    Adjusted Revenue: $8.00 billion
    Note: Raises FY Adj. EPS view to $8.95-$9.15 (previous: $8.60-$9.10; expected: $8.87), FY23 Revenue view: -5% (expected: -7.7%)

    General Electric Co (GE) Q3 2023 (USD):
    Adj. EPS: $0.82 (BEAT, expected: $0.56)
    Adjusted Revenue: $16.50 billion (BEAT, expected: $15.7 billion)
    Note: Raises FY Adj. EPS view to $2.55-$2.65 (previous: $2.10-$2.30; expected: $2.36), FY organic Revenue view: “low teens” (previous: “low double digits”)

    Dow Inc (DOW) Q3 2023 (USD):
    EPS: $0.42 (MISS, expected: $0.44)
    Revenue: $10.73 billion (MISS, expected: $10.32 billion)
    Q4 Revenue view: $10.0-$10.5 billion (expected: $10.7 billion)

    #66916
    Truman
    Participant

    General Motors (GM 29.68, +0.46, +1.6%): beats by $0.41, beats on revs; CFO Paul Jacobson CNBC interview: There is “no doubt” the rate of EV adoption has slowed; withdrew its FY23 guidance for the rest of the year because of the impact of the UAW strike

    #66917
    Truman
    Participant

    RTX (RTX 79.24, +6.11, +8.4%): beats by $0.03, beats on revs; narrows FY23 EPS guidance; raises FY23 revenue guidance; approved a $10 billion accelerated share repurchase program commencing almost immediately

    #66918
    Truman
    Participant

    Cadence Design (CNDS 235.40, -4.52, -1.9%): beats by $0.06, beats on revs; guides Q4 EPS below consensus, revs in-line

    Spotify (SPOT 151.00, -3.61, -2.3%): reports Q3 (Sep) results, revs in-line; guides Q4 revs in-line

    Sherwin-Williams (SHW 246.00, +7.36, +3.1%): beats by $0.42, beats on revs; guides FY23 EPS above consensus, reaffirms FY23 revs guidance

    #66919
    Truman
    Participant

    General Electric (GE 112.52, +5.83, +5.5%): beats by $0.26, beats on revs; guides FY23 EPS above consensus; announces plans to spin off GE Vernova and GE Aerospace in 2Q24

    #66920
    Truman
    Participant

    Microsoft (MSFT 332.13, +2.81, +0.9%): announces AUD$5 bln investment in expanding its AI infrastructure in Australia over the next two years

    #66921
    Truman
    Participant

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

    —Equity Markets—

    Japan’s Nikkei: +0.2%
    Hong Kong’s Hang Seng: -1.1%
    China’s Shanghai Composite: +0.8%
    India’s Sensex: CLOSED
    South Korea’s Kospi: +1.1%
    Australia’s ASX All Ordinaries: +0.2%

    #66922
    Truman
    Participant

    The Bank of Japan conducted an unscheduled buying operation, offering to purchase JGBs with maturities between 5- and 10-yrs and 10- to 25-yrs.
    Japan is reportedly considering an income tax cut for individuals.

    Japan’s flash October Manufacturing PMI 48.5 (expected 48.9; last 48.5) and flash Services PMI 51.1 (last 53.8). September BoJ Core CPI 3.4% yr/yr (expected 3.3%; last 3.3%)

    #66923
    Truman
    Participant

    Australia’s Manufacturing PMI contracted for the eighth month in a row, hitting its lowest level in six months, in the flash reading for October, while Services PMI dipped into contractionary territory.

    Australia’s flash October Manufacturing PMI 48.0 (last 48.7) and flash Services PMI 47.6 (last 51.8)

Viewing 15 posts - 16 through 30 (of 73 total)
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