U.S. stock-index futures rose on Friday, as investors weighed the potential for a new coronavirus relief package in the U.S., as well as a mixed set of earnings reports and favorable news from the COVID-19 treatment front.
Global Stocks:
Index/commodity | Last | Today's Change, points | Today's Change, % |
Nikkei | 23,516.59 | +42.32 | +0.18% |
Hang Seng | 24,918.78 | +132.65 | +0.54% |
Shanghai | 3,278.00 | -34.50 | -1.04% |
S&P/ASX | 6,167.00 | -6.80 | -0.11% |
FTSE | 5,878.00 | +92.35 | +1.60% |
CAC | 4,931.19 | +79.81 | +1.65% |
DAX | 12,705.39 | +162.33 | +1.29% |
Crude oil | $40.74 | +0.25% | |
Gold | $1,914.10 | +0.50% |
FXStreet reports that S&P 500 reversed higher on Thursday and the Credit Suisse analyst team maintains the view that the “neckline” to its “head & shoulders” base and the 38.2% retracement at 3428/18 will hold for a turn back higher.
“The S&P 500 reversed slightly higher on Thursday after yet again holding above the ‘neckline’ to its recently completed base at 3429/27 and the 38.2% retracement of the recent recovery at 3418/15. We therefore maintain our view that 3429/15 will provide a solid floor for the uptrend to resume.”
“Resistance stays at 3477, above which would bullishly confirm yesterday’s session for strength back to 3516/18, then 3550, above which would trigger a move back to the 3588/97 high, which is also the upper end of its ‘typical’ extreme (15% above the 200-day average). Whilst this should clearly be respected, we look for a break in due course, with our “measured base objective” at 3653.”
(company / ticker / price / change ($/%) / volume)
ALCOA INC. | AA | 13.76 | 0.10(0.73%) | 10892 |
ALTRIA GROUP INC. | MO | 39.1 | 0.11(0.28%) | 6545 |
Amazon.com Inc., NASDAQ | AMZN | 3,192.50 | 16.10(0.51%) | 24540 |
American Express Co | AXP | 100.85 | -3.94(-3.76%) | 199772 |
AMERICAN INTERNATIONAL GROUP | AIG | 32.13 | 0.12(0.37%) | 211 |
Apple Inc. | AAPL | 116.23 | 0.48(0.41%) | 650714 |
AT&T Inc | T | 28.24 | -0.04(-0.14%) | 125560 |
Boeing Co | BA | 169.8 | 0.73(0.43%) | 172657 |
Caterpillar Inc | CAT | 169.45 | 0.82(0.49%) | 4060 |
Chevron Corp | CVX | 73.65 | 0.25(0.34%) | 18285 |
Cisco Systems Inc | CSCO | 38.9 | 0.08(0.21%) | 10988 |
Citigroup Inc., NYSE | C | 44.13 | 0.18(0.41%) | 70781 |
E. I. du Pont de Nemours and Co | DD | 59.69 | 0.21(0.35%) | 606 |
Exxon Mobil Corp | XOM | 35.02 | 0.16(0.46%) | 81664 |
Facebook, Inc. | FB | 279.1 | 0.98(0.35%) | 76279 |
FedEx Corporation, NYSE | FDX | 278 | 2.05(0.74%) | 45690 |
Ford Motor Co. | F | 8.36 | 0.15(1.83%) | 1045284 |
Freeport-McMoRan Copper & Gold Inc., NYSE | FCX | 18.5 | 0.15(0.82%) | 44433 |
General Electric Co | GE | 7.91 | 0.19(2.46%) | 893946 |
General Motors Company, NYSE | GM | 37.65 | 0.24(0.64%) | 44866 |
Goldman Sachs | GS | 206.45 | 1.05(0.51%) | 15897 |
Google Inc. | GOOG | 1,626.45 | 11.12(0.69%) | 5936 |
Home Depot Inc | HD | 283 | 1.84(0.65%) | 2816 |
Intel Corp | INTC | 48.42 | -5.48(-10.17%) | 1986351 |
International Business Machines Co... | IBM | 116.39 | 0.63(0.54%) | 10792 |
Johnson & Johnson | JNJ | 145.93 | 0.85(0.59%) | 12211 |
JPMorgan Chase and Co | JPM | 103.19 | 0.31(0.30%) | 104290 |
McDonald's Corp | MCD | 229.49 | 0.34(0.15%) | 1299 |
Merck & Co Inc | MRK | 79.57 | 0.36(0.45%) | 1667 |
Microsoft Corp | MSFT | 215.5 | 0.61(0.28%) | 58817 |
Nike | NKE | 130.42 | 0.40(0.31%) | 38492 |
Pfizer Inc | PFE | 37.61 | 0.18(0.48%) | 121915 |
Procter & Gamble Co | PG | 141.5 | 0.05(0.04%) | 1183 |
Starbucks Corporation, NASDAQ | SBUX | 89.7 | 0.34(0.38%) | 148858 |
Tesla Motors, Inc., NASDAQ | TSLA | 423.51 | -2.28(-0.54%) | 416323 |
The Coca-Cola Co | KO | 50.8 | 0.12(0.24%) | 8159 |
Travelers Companies Inc | TRV | 126.65 | 0.51(0.40%) | 841 |
Twitter, Inc., NYSE | TWTR | 50.1 | -0.18(-0.36%) | 30070 |
UnitedHealth Group Inc | UNH | 328.06 | 2.33(0.72%) | 777 |
Verizon Communications Inc | VZ | 57.57 | 0.24(0.42%) | 12111 |
Visa | V | 198.89 | 0.90(0.45%) | 5269 |
Wal-Mart Stores Inc | WMT | 143.85 | 0.30(0.21%) | 12979 |
Walt Disney Co | DIS | 128.4 | 0.84(0.66%) | 8174 |
Yandex N.V., NASDAQ | YNDX | 58.46 | 0.46(0.79%) | 8546 |
Intel (INTC) target lowered to $50 from $55 at Cowen
Intel (INTC) downgraded to Underperform from Neutral at BofA Securities; target lowered to $45
American Express (AXP) reported Q3 FY 2020 earnings of $1.30 per share (versus $2.08 per share in Q3 FY 2019), missing analysts’ consensus estimate of $1.35 per share.
The company’s quarterly revenues amounted to $8.751 bln (-20.4% y/y), roughly in line with analysts’ consensus estimate of $8.711 bln.
AXP fell to $101.77 (-2.88%) in pre-market trading.
Intel (INTC) reported Q3 FY 2020 earnings of $1.11 per share (versus $1.42 per share in Q3 FY 2019), in line with analysts’ consensus estimate of $1.11 per share.
The company’s quarterly revenues amounted to $18.333 bln (-4.5% y/y), roughly in line with analysts’ consensus estimate of $18.258 bln.
The company issued in-line guidance for Q4 FY 2020, projecting EPS of approx. $1.10 versus analysts’ consensus estimate of $1.08 and revenues of approx. $17.40 bln versus analysts’ consensus estimate of $17.39 bln.
INTC fell to $48.79 (-9.48%) in pre-market trading.
| Index | Change, points | Closed | Change, % |
|---|---|---|---|
| NIKKEI 225 | -165.19 | 23474.27 | -0.7 |
| Hang Seng | 31.71 | 24786.13 | 0.13 |
| KOSPI | -15.81 | 2355.05 | -0.67 |
| ASX 200 | -18 | 6173.8 | -0.29 |
| FTSE 100 | 9.15 | 5785.65 | 0.16 |
| DAX | -14.58 | 12543.06 | -0.12 |
| CAC 40 | -2.57 | 4851.38 | -0.05 |
| Dow Jones | 152.84 | 28363.66 | 0.54 |
| S&P 500 | 17.93 | 3453.49 | 0.52 |
| NASDAQ Composite | 21.31 | 11506.01 | 0.19 |