Ongoing reporting from the world’s leading markets: important updates, prominent stocks, bonds and analyst updates
Interactive TV | Edition 27.04.22: Russia halted gas supplies to Poland
23:00 – Wall Street closed in a mixed trend, having previously recorded gains of up to 1.3%. The Dow Jones and S&P 500 were up 0.2%, with the NASDAQ ending with a minimal decline of less than 0.1%.
22:15 – The indices have erased most of the gains, and are now climbing up to 0.4% (up from 1.3% previously).
The price of WTI crude oil rose 0.3% to $ 102.02 a barrel, after falling below $ 100 earlier today. The black liquid gained momentum after data showed that oil inventories rose by 700,000 barrels in the past week – but gasoline inventories fell by 1.6 million barrels, compared to expectations of an increase of 100,000 barrels.
20:55 – Gold weakened 0.8% today to $ 15.4 and the price of the precious metal was set at $ 1,888.7 an ounce.
June gold falls $15.40, or 0.8%, to close at $1,888.70 an ounce
19:55 – Leading Wall Street indices reinforce gains – Dow Jones is up 1.2%, S&P 500 and Nasdaq are up 1.3%.
Trading in Europe closed up with moderate gains – the Potsy indices in London and CAC in Paris strengthened by 0.5%, the Dax index on the Frankfurt Stock Exchange rose 0.3%.
17:40 – Boeing continues to plunge and the stock is currently wiping out an 11.8% campaign.
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Boeing plant in Seattle
(Photo: Reuters)
16:30 – The New York Stock Exchanges are opening the day in a positive trend after the falls they recorded yesterday. The Dow Jones Industrial Average is up 0.5%, the S&P 500 and Nasdaq are up 0.3%.
After the reports – Microsoft climbs 3.8%, Alphabet loses 3.9%, Visa jumps 8.2%, Boeing erases 7% and Check Point weakens 5%.
16:05 – Boeing retreated 4% pre-trade after reporting weaker-than-expected results for the first quarter of 2022.
The aircraft maker ended the quarter with revenue of $ 14 billion and a loss of $ 2.75 per share. This is while analysts expected revenue of $ 14.1 billion and a loss of only 19 cents per share.
Simultaneously with the publication of the reports, Boeing announced the suspension of production of 777X aircraft and does not anticipate dedication of the model until 2025.
14:15 – Check Point shares are deepening the decline and falling 9.3% pre-trade after publishing reports. The Israeli cyber company has surpassed market forecasts for profit and revenue, but investors are reacting negatively to the results.
14:00 – Now all of a sudden everything is fine: after the sharp declines yesterday, contracts for Dow Jones are up 1.1%, contracts for NASDAQ are up 0.9% and S&P 500 is up 1%. After the reports: Microsoft is climbing up 5.3% , Alphabet decreases by 3.3%; Towards the publication of the results after the lock – meta decreases by 2.4%.
13:40 – Spotify climbed 3.7% pre-quarter, after reporting 422 million active users in the first quarter, a 19% increase over the same quarter last year. The number includes 3 million users who had to re-register after the app services crashed.
Even excluding the said addition, the number of users was higher than 419 million – one million above forecasts. The number of premium subscribers rose in the quarter by 15% to 182 million. The average revenue per premium user increased by 6% to 4.38 euros.
The company’s total revenue grew by 24% to 2.66 billion euros – the quarterly profit was 131 million euros, compared to 23 million euros in the corresponding quarter in 2021.
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(Photo: Reuters)
13:20 Reports from tonight in New York, Beyond the Alphabet and Microsoft mentioned:
Visa beat forecasts and climbed 5.2% ahead of time: The payments and credit card giant posted net income of $ 3.65 billion or $ 1.70 per share in the second fiscal quarter, compared to $ 3.03 billion or $ 1.38 per share in the same quarter in 2021.
Adjusted earnings were $ 1.79 per share (an annual increase of 30%), compared to analysts’ expectations for earnings of $ 1.65 per share. Revenue jumped to $ 7.19 billion, from $ 5.73 billion in the same quarter last year to $ 6.83 billion.
The volume of payments on the company’s cards grew by 17% compared to the corresponding quarter and the number of transactions increased by 19%. The volume of international transactions (factors in 2 different countries) jumped by 38%.
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(Photo: Reuters )
Texas Instruments is losing 3% in the pre-season, mainly due to a worrying forecast. The chip company reported net income of $ 2.2 billion or $ 2.35 per share in the first quarter, compared to $ 1.75 billion or $ 1.87 in the same period in 2021.
Revenue was $ 4.91 billion, compared to $ 4.29 billion in the same quarter last year; Analysts had expected earnings of $ 2.18 per share and revenue of $ 4.74 billion. The main operating income of the analog electronics division grew by 16% to $ 3.82 billion – the expectation was $ 3.7 billion.
The disappointing part came in the company’s forecast for the current quarter (Monday 2022), which stands at $ 2.26-1.84 earnings per share and revenue of $ 4.8-4.2 billion. Analysts average earnings of $ 2.27 per share and revenue of $ 4.9 billion.
General Motors is up 3.4% in the pre-season, mainly thanks to a forecast increase. The company now expects to end the year with adjusted earnings of $ 7.50-6.50 per share, compared to an earlier forecast of $ 7.25-6.25 per share. The automaker ended the first quarter with earnings of $ 2.9 billion or $ 1.35 per share, compared to $ 3.2 billion or $ 2.03 per share in the same quarter last year.
Adjusted earnings were $ 2.09 per share and revenue grew to $ 35.98 billion, compared to $ 32.47 billion in the same quarter last year. The results were mixed, against analysts’ expectations for lower adjusted earnings of $ 1.65 per share and higher revenue of $ 36.9 billion.
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Chevrolet from GM
(Photo: Manufacturer)
Chipotle Mexican Grill Rises 3.4% Pre-Chipotle: The fast food chain reported earnings of $ 158.3 million or $ 5.59 per share in the first quarter, compared to $ 127.1 million or $ 4.45 per share in the same quarter last year. Adjusted earnings were $ 5.70 per share, 6 cents above analysts’ expectations. Revenue grew 16% to $ 2.2 billion, compared to $ 1.74 billion in the same quarter last year – analysts had expected $ 2 billion.
Identity store sales increased 9% compared to the same quarter last year and the chain noted that although conditions make it difficult to provide a forecast for the way forward, it expects that under existing business conditions, identity store sales will increase by 10% -12% this year. During the first quarter, Chipotle opened 51 new restaurants, with analysts expecting 47 new branches during the period. The chain’s target is to open between 235 and 250 new branches by 2022.
12:20 – Lloyds is up 2% in London, after reporting a pre-tax profit of £ 1.6 billion in the first quarter, compared to £ 1.9 billion in the corresponding quarter (down 14%). The result was higher than market forecasts, which stood at just 1.4 billion pounds. d.
11:10 – Background to European trade: Russia halted gas supplies to Poland and Bulgaria after Russian gas giant Gazprom announced it would renew supplies only if paid in rubles. Gazprom shares are up 3.6% on the Russian stock exchange, which is up 2.5%.
Closing in Asia: Nikkei was down 1.2%, Kusfi was down 1.1%, Hang Seng was up 0.2% and Shanghai was up 2.5%.
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Moscow Stock Exchange
(Photo: Shatterstock)
10:30 – At the start of trading in Europe: the DAX is down 0.4%, the CAC is down 1%, the Potsy is stable; Deutsche Bank falls 5% after reports.
Also published results: Credit Suisse weakened by 1.7%; Puma is up 2.5%, Mercedes-Benz is up 2.6%, Schneider Electric is down 2%, the London Stock Exchange is down 2.7%.
10-year US bond yields fall by 2 basis points to 2.76%; Contracts for Dow Jones are up 0.6%, while contracts for NASDAQ are up 0.4%.
10:10 – GlaxoSmithKline reported a net profit of £ 1.80 billion in the first quarter, compared to £ 1.07 billion in the same quarter last year. Revenue jumped to £ 9.78 billion, compared to £ 7.41 billion in the same quarter last year. Net income per share was 35.6 pence, compared to 21.3 pence in the corresponding quarter. Adjusted earnings per share were 32.8 pence.
9:45 – The London Stock Exchange Group recorded revenue of £ 1.62 billion in the first three months of 2022, up 8% from the same period last year.
9:40 – Puma reported a 20% increase in quarterly sales to 1.91 billion euros. Profit before tax and financing expenses increased by 27% to 196 million euros. Net income for the first quarter was € 121.4 million, compared to € 109.2 million in the same period in 2021.
Manufacturer of clothing and sporting goods noted that growth in Europe and North and South America offset a 17% drop in sales in Asia Pacific. For the entire 2022, the company expects 10% growth in revenue and operating profit in the range of 700-600 million euros.
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9:20 – British advertising giant WPP reported identical activity sales of £ 2.57 billion in the first quarter – up 9.5% on the same quarter last year. Revenue for the quarter was £ 3.09 billion, compared to £ 2.90 billion for the same quarter last year.
The company noted that it won new contracts worth 1.8 billion euros in the quarter. WPP raised its full-year forecast for 5.5% -6.5% growth in same-activity sales, compared to a previous forecast of a 5% increase.
9:10 – The Schneider Electric Group from France reported 9.8% growth in first quarter revenue to 7.57 billion euros. The company announced that in light of its decision last month to freeze new investments and carry out new projects in Russia, it has decided to sell Russian operations to local management – an agreement subject to regulatory approval in Russia. Following this sale it is expected to post a price of 300 million euros.
9:00 – Mercedes-Benz concludes its first quarter with a net profit of 3.49 billion euros, compared to 3.40 billion euros in the same quarter last year. Adjusted operating profit was € 5.30 billion, compared to € 4.44 billion in the same period in 2022. Revenue climbed to 34.86 billion euros, compared to 32.88 billion euros in the same quarter last year.
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8:50 – Deutsche Bank concludes the first quarter with a profit after tax of 1.23 billion euros – the highest profit line after tax presented by the German bank since 2013, and against an amount of 1.04 billion euros in the corresponding quarter.
Analysts’ forecasts for the quarterly profit after tax were only 1.12 billion euros. Net income was € 1.06 billion, compared to € 908 million in the same quarter last year. Revenue grew to 7.33 billion euros, compared to 7.23 billion euros in the same quarter last year. Credit provisions for doubtful debts increased to 292 million euros, compared to 69 million euros in the corresponding quarter.
8:15 – Credit Suisse reported a loss of 273 million Swiss francs in the first quarter ($ 283.5 million) – forecasts were for a lower loss, of 209 million Swiss francs. This follows a huge loss of 1.57 billion Swiss francs in 2021.
The bank already announced last week that it is expected to write off about 200 million francs on cessation of operations in Russia and today it reports that the write-off stood at 206 million francs. Archegos’ failed operations resulted in a loss of 155 million Swiss francs in the quarterly report.
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(Photo: Shatterstock)
7:15 – A mixed trend in Asia this morning, after an evening of sharp declines on Wall Street (the Nasdaq was down 4%, the Dow Jones was down 2.4% and the S&P 500 was down 2.8%). The Nikkei is down 1.5%, Cospi Decreases by 1%, while Hang Seng increases by 0.1% and Shanghai increases by 0.4%.
Loss of height in Tokyo: Rakuten drops 2%, Softbank weakens 2.2%, Nomura Investment Bank cuts 4.9%; And in the car – Nissan is down 2.5% and Honda by 2.8%.
Among the notable immigrants in Hong Kong: The Chinese restaurant group Haidilao is recovering from the falls of recent days and recording an increase of 6.5%, Maitouan is up 4.9% – while HSBC is losing 3.5%, following a fall of 5.7% yesterday in London.
The 10-year US bond yield drops one basis point to 2.76%. Contracts for Dow Jones are up 0.7%, contracts for NASDAQ are up 0.4% and S&P 500 is up 0.5%.
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(Photo: Bloomberg )