U.S. stock-index futures rose on Wednesday, as Gilead Sciences' (GILD) statement that its experimental antiviral drug remdesivir met the main goal of a trial testing it in COVID-19 patients, outweighed gloomy Q1 GDP data and mixed quarterly earnings.
Global Stocks:
| Index/commodity | Last | Today's Change, points | Today's Change, % |
| Nikkei | - | - | - |
| Hang Seng | 24,643.59 | +67.63 | +0.28% |
| Shanghai | 2,822.44 | +12.42 | +0.44% |
| S&P/ASX | 5,393.40 | +80.30 | +1.51% |
| FTSE | 6,066.37 | +107.87 | +1.81% |
| CAC | 4,612.59 | +42.80 | +0.94% |
| DAX | 10,975.33 | +179.70 | +1.66% |
| Crude oil | $15.01 | | +21.64% |
| Gold | $1,717.20 | | -0.29% |
(company / ticker / price / change ($/%) / volume)
| 3M Co | MMM | 158.26 | 0.65(0.41%) | 8614 |
| ALCOA INC. | AA | 8.08 | 0.24(3.06%) | 47778 |
| ALTRIA GROUP INC. | MO | 41.28 | 0.57(1.40%) | 7315 |
| Amazon.com Inc., NASDAQ | AMZN | 2,335.00 | 20.92(0.90%) | 71984 |
| American Express Co | AXP | 91.85 | 3.66(4.15%) | 30988 |
| AMERICAN INTERNATIONAL GROUP | AIG | 25.95 | 0.67(2.65%) | 7483 |
| Apple Inc. | AAPL | 286 | 7.42(2.66%) | 407086 |
| AT&T Inc | T | 31.19 | 0.54(1.76%) | 92735 |
| Boeing Co | BA | 139.5 | 8.20(6.25%) | 2487823 |
| Caterpillar Inc | CAT | 117.6 | 2.14(1.85%) | 325468 |
| Chevron Corp | CVX | 92.35 | 2.44(2.71%) | 90670 |
| Cisco Systems Inc | CSCO | 43.62 | 1.13(2.66%) | 59836 |
| Citigroup Inc., NYSE | C | 49.52 | 2.31(4.89%) | 191562 |
| Deere & Company, NYSE | DE | 142.5 | 0.94(0.66%) | 100 |
| E. I. du Pont de Nemours and Co | DD | 47.98 | 1.57(3.38%) | 16058 |
| Exxon Mobil Corp | XOM | 46.34 | 1.37(3.05%) | 184231 |
| Facebook, Inc. | FB | 191.09 | 8.18(4.47%) | 415426 |
| FedEx Corporation, NYSE | FDX | 130.75 | 3.01(2.36%) | 3436 |
| Ford Motor Co. | F | 5.25 | -0.13(-2.42%) | 1055050 |
| Freeport-McMoRan Copper & Gold Inc., NYSE | FCX | 9.25 | 0.33(3.70%) | 94024 |
| General Electric Co | GE | 6.72 | -0.08(-1.18%) | 13949346 |
| General Motors Company, NYSE | GM | 22.78 | 0.60(2.71%) | 68018 |
| Goldman Sachs | GS | 192.75 | 5.74(3.07%) | 10775 |
| Google Inc. | GOOG | 1,335.82 | 102.15(8.28%) | 77814 |
| Home Depot Inc | HD | 222 | 4.37(2.01%) | 12191 |
| HONEYWELL INTERNATIONAL INC. | HON | 143.35 | 0.59(0.41%) | 780 |
| Intel Corp | INTC | 59.86 | 1.11(1.89%) | 106994 |
| International Business Machines Co... | IBM | 128.8 | 2.53(2.00%) | 14045 |
| International Paper Company | IP | 36.69 | 0.94(2.63%) | 1082 |
| Johnson & Johnson | JNJ | 151.88 | 0.49(0.32%) | 274306 |
| JPMorgan Chase and Co | JPM | 98.85 | 3.56(3.74%) | 135608 |
| McDonald's Corp | MCD | 189.07 | 3.14(1.69%) | 5134 |
| Merck & Co Inc | MRK | 81.63 | 0.45(0.55%) | 3965 |
| Microsoft Corp | MSFT | 174.1 | 4.29(2.53%) | 508627 |
| Nike | NKE | 90.4 | 1.60(1.80%) | 71124 |
| Pfizer Inc | PFE | 38.66 | 0.75(1.98%) | 153720 |
| Procter & Gamble Co | PG | 117.05 | 0.16(0.14%) | 9714 |
| Starbucks Corporation, NASDAQ | SBUX | 79.5 | 0.81(1.03%) | 144249 |
| Tesla Motors, Inc., NASDAQ | TSLA | 796.5 | 27.38(3.56%) | 227351 |
| The Coca-Cola Co | KO | 47.5 | 0.76(1.63%) | 38631 |
| Travelers Companies Inc | TRV | 105.14 | 0.85(0.82%) | 876 |
| Twitter, Inc., NYSE | TWTR | 29.88 | 1.09(3.79%) | 195348 |
| UnitedHealth Group Inc | UNH | 292.1 | 3.74(1.30%) | 2652 |
| Verizon Communications Inc | VZ | 58.3 | 0.47(0.81%) | 5175 |
| Visa | V | 176.64 | 5.39(3.15%) | 62305 |
| Wal-Mart Stores Inc | WMT | 126.91 | -1.09(-0.85%) | 41449 |
| Walt Disney Co | DIS | 109.25 | 3.04(2.86%) | 108808 |
| Yandex N.V., NASDAQ | YNDX | 38.57 | 0.98(2.61%) | 9041 |
NIKE (NKE) initiated with a Buy at BTIG Research; target $108
DuPont (DD) resumed with an Overweight at Wells Fargo; target $54
Alphabet (GOOG) target raised to $1575 from $1425 at Pivotal Research Group
UPS (UPS) downgraded to Underperform from Market Perform at BMO Capital Markets; target lowered to $85
Walmart (WMT) downgraded to Accumulate from Buy at Gordon Haskett; target raised to $140
Boeing (BA) reported Q1 FY 2020 loss of $1.70 per share (versus earnings of $3.16 per share in Q1 FY 2019), worse than analysts' consensus estimate of a loss of $1.39 per share.
The company's quarterly revenues amounted to $16.908 bln (-26.2% y/y), roughly in line with analysts' consensus estimate of $16.904 bln.
BA rose to $137.96 (+5.07%) in pre-market trading.
General Electric (GE) reported Q1 FY 2020 loss of $0.05 per share (versus earnings of $0.14 per share in Q1 FY 2019), missing analysts' consensus estimate of earnings of $0.08 per share.
The company's quarterly revenues amounted to $20.524 bln (-24.8% y/y), roughly in line with analysts' consensus estimate of $20.345 bln.
The company also said it expected Q2 financial results to decline sequentially due to pressure from COVID-19 and withdrew its FY 2020 guidance.
GE fell to $6.69 (-1.62%) in pre-market trading.
Starbucks (SBUX) reported Q2 FY 2020 earnings of $0.32 per share (versus $0.60 per share in Q2 FY 2019), in line with analysts' consensus estimate.
The company's quarterly revenues amounted to $5.996 bln (-4.9% y/y), beating analysts' consensus estimate of $5.853 bln.
SBUX fell to $77.30 (-1.77%) in pre-market trading.
Ford Motor (F) reported Q1 FY 2020 loss of $0.23 per share (versus earnings of $0.44 per share in Q1 FY 2019), worse than analysts' consensus estimate of -$0.06 per share.
The company's quarterly revenues amounted to $34.320 bln (-14.9% y/y), beating analysts' consensus estimate of $31.726 bln.
F fell to $5.22 (-2.97%) in pre-market trading.
Alphabet (GOOG) reported Q1 FY 2020 earnings of $9.87 per share (versus $9.50 per share in Q1 FY 2019), missing analysts' consensus estimate of $10.99 per share.
The company's quarterly revenues amounted to $41.159 bln (+13.3% y/y), beating analysts' consensus estimate of $40.291 bln.
GOOG rose to $1,332.09 (+7.98%) in pre-market trading.
Advanced Micro (AMD) reported Q1 FY 2020 earnings of $0.18 per share (versus $0.06 per share in Q1 FY 2019), in line with analysts' consensus estimate.
The company's quarterly revenues amounted to $1.786 bln (+40.4% y/y), roughly in line with analysts' consensus estimate of $1.792 bln.
The company also issued in-line revenue guidance for both Q2 and the full year, projecting a respective ~$1.75-1.95 bln (versus analysts' consensus estimate of $1.9 bln) and ~$8.078-8.75 bln (versus analysts' consensus estimate of. $8.39 bln).
AMD fell to $54.15 (-2.45%) in pre-market trading.
| Index | Change, points | Closed | Change, % |
|---|---|---|---|
| NIKKEI 225 | -12.03 | 19771.19 | -0.06 |
| Hang Seng | 295.82 | 24575.96 | 1.22 |
| KOSPI | 11.32 | 1934.09 | 0.59 |
| ASX 200 | -8.3 | 5313.1 | -0.16 |
| FTSE 100 | 111.71 | 5958.5 | 1.91 |
| DAX | 135.64 | 10795.63 | 1.27 |
| CAC 40 | 64.53 | 4569.79 | 1.43 |
| Dow Jones | -32.23 | 24101.55 | -0.13 |
| S&P 500 | -15.09 | 2863.39 | -0.52 |
| NASDAQ Composite | -122.43 | 8607.73 | -1.4 |