U.S. stock-index futures rose on Friday, as prospects that interest rates would stay low for a prolonged period bolstered risk appetite.
Global Stocks:
Index/commodity | Last | Today's Change, points | Today's Change, % |
Nikkei | 22,882.65 | -326.21 | -1.41% |
Hang Seng | 25,422.06 | +140.91 | +0.56% |
Shanghai | 3,403.81 | +53.69 | +1.60% |
S&P/ASX | 6,073.80 | -52.40 | -0.86% |
FTSE | 5,993.82 | -6.17 | -0.10% |
CAC | 5,016.34 | +0.37 | +0.01% |
DAX | 13,070.74 | -25.62 | -0.20% |
Crude oil | $43.08 | +0.09% | |
Gold | $1,961.70 | +1.51% |
FXStreet notes that the S&P 500 posted a neutral ‘doji’ on Thursday as the market digested the new Fed policy announcement, however, the Credit Suisse analyst team still believes that the market has entered a more accelerated trend state, with daily RSI momentum remaining above its June peak, reinforcing the move higher. The next major resistance is seen at 3541/43.
“The break above our prior objective at the Fibonacci projection level at 3432/36 and the top of the potential trend channel resistance earlier in the week still suggests the market has entered a more accelerated phase, with daily RSI momentum also remaining above its June peak, reinforcing the break higher.”
“Next resistance is seen at the top of the weekly BollingerBand at 3500/03, then the top of our typical extreme zone (i.e. 15% above the 200- day average) at 3541/44, which is expected to prove a tougher barrier.”
“Support stays at 3468/66 initially, below which would complete a very small intraday top, however, only a break below the uptrend from late June and the 13-day exponential average at 3418/12 would remove the upside bias.”
(company / ticker / price / change ($/%) / volume)
ALCOA INC. | AA | 14.98 | 0.14(0.94%) | 6187 |
ALTRIA GROUP INC. | MO | 43.91 | 0.16(0.37%) | 5801 |
Amazon.com Inc., NASDAQ | AMZN | 3,417.80 | 17.80(0.52%) | 33612 |
American Express Co | AXP | 102.23 | 0.70(0.69%) | 1747 |
AMERICAN INTERNATIONAL GROUP | AIG | 29.9 | 0.22(0.74%) | 665 |
Apple Inc. | AAPL | 503.19 | 3.15(0.63%) | 537550 |
AT&T Inc | T | 29.93 | 0.03(0.10%) | 93651 |
Boeing Co | BA | 175.65 | 1.45(0.83%) | 199596 |
Caterpillar Inc | CAT | 142.4 | -0.97(-0.68%) | 1238 |
Chevron Corp | CVX | 85.22 | 0.31(0.37%) | 6319 |
Cisco Systems Inc | CSCO | 42.1 | -0.19(-0.45%) | 95637 |
Citigroup Inc., NYSE | C | 52.01 | 0.29(0.56%) | 73700 |
E. I. du Pont de Nemours and Co | DD | 56.8 | 0.22(0.39%) | 1133 |
Exxon Mobil Corp | XOM | 39.9 | 0.16(0.40%) | 60617 |
Facebook, Inc. | FB | 293.3 | 0.08(0.03%) | 105724 |
FedEx Corporation, NYSE | FDX | 219.39 | 1.18(0.54%) | 1521 |
Ford Motor Co. | F | 6.92 | 0.01(0.15%) | 171898 |
Freeport-McMoRan Copper & Gold Inc., NYSE | FCX | 15.2 | 0.30(2.01%) | 50467 |
General Electric Co | GE | 6.53 | 0.05(0.77%) | 360520 |
General Motors Company, NYSE | GM | 29.9 | 0.21(0.71%) | 8816 |
Goldman Sachs | GS | 211.67 | 1.52(0.72%) | 3776 |
Google Inc. | GOOG | 1,636.26 | 1.93(0.12%) | 4031 |
Hewlett-Packard Co. | HPQ | 19.27 | 0.57(3.05%) | 61634 |
Home Depot Inc | HD | 289.8 | 1.17(0.41%) | 5449 |
HONEYWELL INTERNATIONAL INC. | HON | 166.49 | 0.50(0.30%) | 1051 |
Intel Corp | INTC | 49.45 | 0.05(0.10%) | 186532 |
International Business Machines Co... | IBM | 124.83 | 0.18(0.14%) | 10521 |
Johnson & Johnson | JNJ | 153.68 | 0.70(0.46%) | 7011 |
JPMorgan Chase and Co | JPM | 102.92 | 0.57(0.56%) | 28306 |
McDonald's Corp | MCD | 212.21 | 0.02(0.01%) | 3411 |
Merck & Co Inc | MRK | 86.1 | 0.28(0.33%) | 1222 |
Microsoft Corp | MSFT | 227.94 | 1.36(0.60%) | 375706 |
Nike | NKE | 111.18 | 0.59(0.53%) | 1429 |
Pfizer Inc | PFE | 37.88 | 0.02(0.05%) | 27167 |
Procter & Gamble Co | PG | 138.84 | 0.63(0.46%) | 3008 |
Starbucks Corporation, NASDAQ | SBUX | 83.55 | 0.14(0.17%) | 9295 |
Tesla Motors, Inc., NASDAQ | TSLA | 2,299.00 | 60.25(2.69%) | 482849 |
The Coca-Cola Co | KO | 48.6 | 0.37(0.77%) | 89303 |
Twitter, Inc., NYSE | TWTR | 40.5 | 0.11(0.27%) | 9268 |
Verizon Communications Inc | VZ | 59.47 | 0.04(0.07%) | 4653 |
Visa | V | 212.1 | 1.07(0.51%) | 6407 |
Wal-Mart Stores Inc | WMT | 141.35 | 4.72(3.45%) | 430439 |
Walt Disney Co | DIS | 134.8 | 1.07(0.80%) | 22475 |
Yandex N.V., NASDAQ | YNDX | 65.47 | 0.88(1.36%) | 129442 |
HP (HPQ) target raised to $20 from $18 at Cowen
Dell Technologies Inc. (DELL) reported Q2 FY 2020 earnings of $1.92 per share (versus $2.15 per share in Q2 FY 2019), beating analysts’ consensus estimate of $1.40 per share.
The company’s quarterly revenues amounted to $22.775 bln (-2.9% y/y), beating analysts’ consensus estimate of $22.498 bln.
DELL rose to $64.25 (+2.92%) in pre-market trading.
HP Inc. (HPQ) reported Q3 FY 2020 earnings of $0.49 per share (versus $0.58 per share in Q3 FY 2019), beating analysts’ consensus estimate of $0.43 per share.
The company’s quarterly revenues amounted to $14.294 bln (-2.1% y/y), beating analysts’ consensus estimate of $13.286 bln.
The company also issued upside guidance for Q4 FY 2020, projecting EPS of $0.50-0.54, versus analysts’ consensus estimate of $0.50.
HPQ rose to $19.30 (+3.21%) in pre-market trading.
| Index | Change, points | Closed | Change, % |
|---|---|---|---|
| NIKKEI 225 | -82 | 23208.86 | -0.35 |
| Hang Seng | -210.64 | 25281.15 | -0.83 |
| KOSPI | -24.87 | 2344.45 | -1.05 |
| ASX 200 | 9.8 | 6126.2 | 0.16 |
| FTSE 100 | -45.61 | 5999.99 | -0.75 |
| DAX | -93.79 | 13096.36 | -0.71 |
| CAC 40 | -32.46 | 5015.97 | -0.64 |
| Dow Jones | 160.35 | 28492.27 | 0.57 |
| S&P 500 | 5.82 | 3484.55 | 0.17 |
| NASDAQ Composite | -39.72 | 11625.34 | -0.34 |