Ongoing reporting from the world’s leading markets: important updates, prominent stocks, bonds and analyst updates
23:00 – Mixed lock on Wall Street. The Dow Jones industrial average was down 0.2%, the NASDAQ was up 0.5% and the S&P 500 was up 0.3%.
22:25 – The price of WTI crude oil rose today by 0.8% to $ 79 a barrel; Brent prices rose 1.2 percent to $ 81.2 a barrel. In the background: reports that China is planning to release oil from its reservoirs, and that the Biden administration is pressuring more countries to take a similar step.
20:45 – The price of gold fell today by 0.5% or $ 8.80 and was set at $ 1,861.40 an ounce.
20:30 – In the technology giants: Apple is up 2.6%, Amazon is up 3.3%, Alphabet is up 1.4%, Microsoft is up 0.6%, and Meta is down 0.6%.
In Israel: Thyme strengthens by 4.1%; Riskipade falls by 9%, Lemonade loses 6.2%, Iron Source cuts by 4.5%, WIX falls by 3.2%, Solaradge retreats by 2.8% and Teva weakens by 2.4%.
19:25 – Closing in Europe: Dax and Kak were down 0.2%, Potsey and Stokes 600 were down 0.5%. At the same time in New York – NASDAQ and the S&P 500 moved up 0.5% and 0.4% respectively.
17:50 – Home Depot leads Dow Jones stocks up 2.2%, with Cisco closing down both Dow Jones and NASDAQ 100, currently down minus 9%.
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(Photo: Bloomberg)
16:30 – Opening in New York: The Dow Jones industrial average is down 0.1%, the Nasdaq and S&P 500 are down 0.2%; Financial results announced: In technology – Nvidia is up 8.2%, Cisco is down 7.8%.
The response to the reports in the trading giants from China – Alibaba falls by 9.5%, JD.com strengthens by 6.4%; In retail – Macy’s jumps 13.3%, Victoria’s Secret jumps 11.3%.
10-year US bond yields are stable at 1.61%, WTI oil is up 0.3% to $ 78.6 a barrel; Gold is down 0.3% at $ 1,865.50 an ounce; In Europe: Dax and Kak are stable, Potsy is down 0.3%.
15:40 – For the seventh week in a row a decline in the number of first-time unemployment benefit applications in the U.S. – the number of applications dropped last week by 1,000 to 268,000 – forecasts were 260,000 applications.
15:30 – Chinese trading giant JD.com reported a net loss of 2.81 billion yuan ($ 440.6 million) in the third quarter, compared to a profit of 7.57 billion yuan in the same quarter last year. The loss per share was 1.51 yuan, compared to a gain of 4.70 yuan per share in the corresponding quarter. Operating profit fell 41% to 2.57 billion yuan; Revenue grew by 25.5% to 218.71 billion yuan. JD.com shares are up 3.2% pre-set.
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(Photo: Reuters)
15:15 – Victoria’s Secret jumps 10.6% ahead, following surprisingly favorable earnings reports, which included a statement that the “close partnership” with its suppliers prevents harm from supply chain challenges.
The chain, which was issued as a separate company last August (previously a private subsidiary of L Brands) reported earnings of $ 75.2 million or 81 cents a share in the third quarter, compared to $ 143 million or $ 1.62 a share in the same quarter last year. Analysts had expected significantly lower earnings of 70 cents a share.
Revenue totaled $ 1.44 billion – a 7% increase compared to the third quarter of 2020, compared to a 9% decrease compared to the third quarter of 2019, the days before the epidemic. Analysts expected revenue of $ 1.46 billion.
At the same time, Bath & Body Works (which was also owned by L Brands) rose 4.5% pre-quarter, after reporting earnings of $ 87.8 million or 33 cents per share in the third quarter, compared to $ 330.6 million or $ 1.17 per share in the same quarter last year.
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15:10 – Baidu is down 2.8% in the run-up: The Chinese search engine operator posted a loss of 16.6 billion yuan ($ 2.6 billion) in the third quarter. Adjusted profit was 5.1 billion yuan ($ 790 million), compared to 13.7 billion yuan in the same quarter last year. Revenue totaled 31.92 billion yuan – profit from core operations rose 15% to 24.7 billion yuan.
14:40 – Trading on Wall Street is expected to open in a positive trend, following yesterday’s declines. Dow Jones futures are up 0.1%, S&P 500 is up 0.3% and NASDAQ is up 0.5%.
Macy’s jumps 11.4% pre-trade after hitting market forecasts for the quarter. The department store chain ended the third quarter with revenue of $ 239 million, after a loss of $ 91 million in the same quarter in 2020. Adjusted earnings were $ 1.23 per share, surpassing analysts’ expectations of 31 cents per share. Sales grew 36.3% to $ 5.4 billion, above analysts’ forecasts for revenue of $ 5.2 billion.
Macy’s has raised forecasts for the full year and now expects 2021 to post revenue of $ 24.1 billion to $ 24.3 billion. The previous forecast was for revenues of $ 23.6 to $ 24 billion. The company also raised the adjusted earnings forecast to 4.57 to $ 4.76 per share, the previous forecast was to $ 3.41 to $ 3.75 per share. Since the beginning of the year, Macy’s has soared more than 174%.
Alibaba is down 5.7% in the run-up to the analysts’ forecast. The Chinese e-commerce giant ended the second fiscal quarter with earnings of 5.4 billion yuan ($ 833 billion) or 1.97 yuan per share, a significant drop from a profit of 28.8 billion yuan in the same quarter last year. Adjusted earnings were 11.2 yuan per share and missed market forecasts for earnings of 12 yuan per share.
Revenue grew to 200.7 billion yuan from 155.1 billion yuan in the same quarter last year, but missed analysts’ expectations of 204.1 billion yuan.
Even before pre-trading, after publishing reports last night – Anvidia jumps 8.5%, Cisco loses 5.9%.
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Macy’s Store
(Photo: AP)
13:00 – British mail company Royal Mail is up 4.8% after publishing reports, raising its forecast and announcing a £ 400m profit-sharing to shareholders.
The company announced a repurchase of shares for £ 200 million, and another £ 200 million dividend, following a jump in profit and strong demand for parcel delivery services.
Profit before tax soared to £ 315 million in the six months ended September 26, compared with £ 17 million in the same period last year, which was affected by the corona plague.
The volume of Royal Mail’s domestic shipments was 33% higher in the reporting half of the year compared to the pre-epidemic period, reflecting a change in the consumer behavior of households. However, the volume of shipments reflects a decrease of 4% compared to the same period last year, when stores were closed due to the plague and the number of shipments soared.
The volume of letters sent decreased by 19% compared to the period before the epidemic, but increased by 11% compared to the corresponding period in 2020.
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Royal Mile vehicles
(Photo: Bloomberg)
10:55 – Shares of ThyssenKrupp Industrial Corporation climbed 4.9% after the company released reports that exceeded market expectations and raised its forecasts for 2022.
10:20 – European stock markets open the day with slight movements – the DAX on the Frankfurt Stock Exchange is up 0.2%, the CAC in Paris is up 0.1% and the London Pottery is down 0.4%.
7:30 – The leading indices on the Asian stock markets are recording mostly declines this morning, after the negative lock recorded yesterday in New York.
The Hong Kong Hong Kong Index is down 1.3%, with technology stocks leading the red trend. The Nikkei index in Tokyo weakened 0.1% and the Shanghai index was stable.
Among the declines in technology stocks in Hong Kong – Alibaba is down 4.9%, Maitouan is down 3.2%, Tencent is down 2.5%.
Last night on Wall Street – the Dow Jones was down 0.6%, the S&P 500 was down 0.2% and the Nasdaq was down 0.3%. The Israeli shipping company Zim climbed 5.2% after reporting a historic quarterly profit of NIS 4.5 billion. Electric vehicle maker Rivian fell 15.1% and broke a 70% rally in four days.
Chip giant Anvidia jumped 5.2% in late trading After surpassing market forecasts for the third quarter, information technology company Cisco fell 6.3% in late trading, after missing revenue expectations and posting a weak forecast.
Anvidia She noted that she expects revenue from data centers to continue to outpace gaming revenue.
The company recorded 42% growth in gaming activity in the third quarter, reaching a peak of $ 3.22 billion. Market analysts predicted that Anvidia’s gaming activity would generate $ 3.13 billion in revenue in the quarter.
In the field of information centers, sales grew by 55% to a record high of $ 2.94 billion, above analysts’ expectations of $ 2.75 billion. At the conference call, Anvidia CEO Jensen Huang said half of that revenue came from cloud service providers.
Endidia’s net profit soared 83.5 percent to $ 2.46 billion or 97 cents a share. Adjusted earnings were $ 1.17 per share, surpassing analysts’ expected earnings of $ 1.1 per share.
Revenue jumped 50 percent to $ 7.1 billion, above analysts’ expectations of $ 6.82 billion and above expectations published by Anvidia itself in August.
For the fourth (current) quarter, the company expects revenue of $ 7.25 to $ 7.55 billion, while analysts’ forecast for the quarter stands at $ 6.89 billion.
Cisco Ended the fiscal first quarter with adjusted earnings of 82 cents a share, above analysts’ expectations of 80 cents a share. Revenue climbed 8% to $ 12.9 billion but missed $ 12.98 billion in revenue forecasts.
Cisco now expects earnings per share for the second (current) fiscal quarter to be between 80 and 82 cents per share and for earnings to climb 4.5% to 6.5% over the same quarter last year. Market analysts forecast for the current quarter a growth of 7.4% in earnings and earnings of 82 cents per share.
Cisco CEO Chuck Robbins said in a conference call with analysts that the company is facing supply issues.
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Headquarters in Santa Clara California
(Photo: Shatterstock)
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