2024-02-06 21:00:00
Wall Street locked in gains; Palantir jumped 30%, Zim fell 5% BizPortal
The year 2024 opened with expectations of interest rate cuts as early as the first quarter, although the economic data quickly cooled the enthusiasm, inflation that rose in December, GDP that increased in the fourth quarter, and employment data all indicated that the American economy is strong, allowing the Fed to keep interest rates unchanged, especially In light of the fact that inflation, which stands at 3.4%, is still far from the target he set (2%).
At the last Fed meeting, Powell said that it is unlikely that the interest rate will go down in March, and in the last interview he conducted, he repeated this again. “We want to be sure that inflation will drop to 2%,” he said. “I think it is unlikely that the committee will reach a sufficient level of confidence in time for the meeting in March, which takes place in seven weeks”
S&P 500 +0.23% Close: 4,942.81 Open: 4,950.16 High: 4,957.77 Low: 4,934.88 Cycle:– Page Quote News Graphs Composition Performance Index More articles on the subject:
Nasdaq +0.07% Close: 15,597.68 Open: 15,638.19 High: 15,652.75 Low: 15,515.25 Turnover:– Page Quote News Graphs Composition Performance Index Additional articles on the subject:
Dow Jones +0.37% Close: 38,380.12 Open: 38,392.9 High: 38,545.28 Low: 38,350.46 Cycle:– Page Quote News Graphs Composition Performance Index Additional articles on the subject:
BITCOIN -0.58% base:43,083 opening:0 high:43,366 low:42,616 return:– page quote news graphs company profile recommendations additional articles on the subject:
Thousands of NIS: 12,511,171
81.96
Thousands of NIS: 3,046,850
100.03
Thousands of NIS: 10,286,273
23.11
Thousands of NIS: 4,106,538
112.34
Thousands of NIS: 9,763,736
125.78
The data is displayed with a delay of about 15 minutes
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The size of the security cube is determined according to the value of the paper +5% -5% | 02/07/2024
The BIZMAP system allows the user to see a “general view” of the capital market according to different categories as detailed below. The basic cut that also determines the size of the square is the trading cycle of the security.
Type – a button allows you to determine the type of index or trade on which the cut will be made between the types, there are index TA 25, TA 125 and more.
Shades – allow the map to be shown in colors that are convenient for the user.
Hide value smaller than – you can show the map of the securities whose value is greater as a percentage of the total value in the same category. Clicking on each paper will lead to a detailed graph – the percentages of change and return that appear in each time section are according to the selected range. .
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Macro
Russia has a new weapon – Yandex passed into Russian hands at half the price The most powerful Russian technology company went private in exchange for 5.2 billion dollars, which put it under Russian majority ownership for the first time; Russia now has a particularly powerful weapon, what is expected to be the effect of the move?
Ahead of the trading week on Wall Street – the analysts analyze The Fed left the interest rate unchanged last week as expected, and the employment figures published during the end reduce the likelihood of interest rate cuts in the near future; Meanwhile, the stock market is volatile on the back of financial reports that move it quickly.
shares in the center
Spotify SPOTIFY TECHNOLOGY +3.88% Close:0 Open:241.01 High:248.67 Low:228.97 Turnover:– Page Quote News Graphs Company Profile Recommendations Additional articles on the subject: increased by 4% – shows strong growth in subscribers – the company expects that in the current quarter a number Monthly active users will climb to 618 million and the number of premium subscribers will rise to 239 million, which is expected to help it reach a revenue forecast of 3.6 billion euros in the first quarter of this year
Eli Lilly ELI LILLY & COMPANY -0.17% Close:0 Open:742.25 High:742.25 Low:691.19 Turnover:– page quote news graphs company profile recommendations additional articles on the subject: reported its results for the fourth quarter and exceeded expectations – the pharmaceutical company reported revenues of $9.35 billion and earnings per share of $2.49, increases of 28% and 19% respectively and above analysts’ expectations of revenues of $8.9 billion and earnings per share of $2.3. For 2024, the company expects revenues in the range of 40.4-41.6 million dollars and earnings per share in the range of 12.2-12.7. Analysts expect revenue of $39.38 billion and earnings per share of $12.43.
Novo Nordisk will purchase Catalent for $11.5 billion – in the way of increasing production – Novo Holdings will purchase all existing shares of Catalent for $63.5 per share in cash, which is a 16.5% premium; The parent company is expected to sell three sites used for the filling and packaging of Catalent medicines – in Italy, Belgium and the United States to Novo Nordisk for $11 billion (for the full article)
Israeliness on Wall Street
After 30 years – Gil Shvid vacates the CEO throne at Check Point Check Point +1.03% Close:0 Open:162 High:166.71 Low:161.79 Turnover:– Page Quote News Graphs Company Profile Recommendations More articles on the subject: Vichan As an active chairman on the back of good reports to Check Point – Shwed, the father of the local cyber industry separated from the day-to-day management and leaves an impressive legacy. Shvid: “A year that started quite hard, ends with an excellent fourth quarter.” The results for the fourth quarter are very good, but the forecast for the full year is $8.7 to $9.3 per share, an average of $9, compared to $8.7 in 2023 – this is not impressive earnings growth. The reason according to Check Point – large investments for future growth. I wonder how the market will react.
Audiocodes Audiocodes (US) +14.22% Close: 0 Open: 13.5 High: 14.27 Low: 13.12 Cycle:– page quote news graphs company profile recommendations additional articles on the topic: the dual jumped by 14% after surpassing expectations – the company’s quarterly revenues , which is engaged in the development, production and marketing of products for the transmission of voice and data in communication networks, increased by 3.2% to 63.6 million dollars, and the annual revenues in 2023 decreased by 11.2% to 244.4 million dollars. The gross profit was 67.6% compared to 67.3% in the previous quarter. Non-GAAP quarterly operating profit was 16.9% compared to the previous 15.5%. Quarterly net income was $8.9 million, or $0.28 per diluted share compared to $8.3. Full year 2023 net income was $25 million, or $0.77 per diluted share.
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