Analytics, News, and Forecasts for CFD Markets: stock news — 02-06-2021.

U.S. stock-index futures rose slightly on Wednesday, as investors continued to assess the latest U.S. economic data, while awaiting the key job market readings that could show whether the worker shortages will slow the economy's post-pandemic recovery and add to inflation pressures.

Global Stocks:

FXStreet notes that S&P 500 has retested and rejected the 4238 record high for the completion of a small bearish “reversal day.” Nevertheless, with daily MACD momentum having turned higher, the bias of the Credit Suisse analyst team is still to give the upside the immediate benefit of the doubt whilst above 4171/69.

“S&P 500 strength has extended to test and reject the 4238 record high for the completion of a small bearish ‘reversal day’ and although daily MACD momentum has turned higher this suggests it still may be too soon to look for a direct resumption of the uptrend."

“Support remains 4198 initially, then 4183, with the recent price gap at 4176/69 to keep the immediate risk higher for now. Above 4210 is needed to clear the way for a back to 4234/38. Beyond here though is needed to neutralize the bearish ‘reversal day’ for 4260 next.” 

“Big picture, we continue to look for a move to 4350.” 

(company / ticker / price / change ($/%) / volume)

Alphabet (GOOG, GOOGL) initiated with an Outperform at KGI Securities

Facebook (FB) initiated with an Outperform at KGI Securities; target $420

Microsoft (MSFT) initiated with an Outperform at KGI Securities; target $300

Salesforce (CRM) initiated with a Neutral at KGI Securities; target $280

Zoom Video (ZM) reported Q1 FY 2022 earnings of $1.32 per share (versus $0.20 per share in Q1 FY 2021), beating analysts’ consensus estimate of $0.98 per share.

The company’s quarterly revenues amounted to $0.956 bln (+191.4% y/y), beating analysts’ consensus estimate of $0.908 bln.

The company also issued upside guidance for Q2 FY 2022, projecting EPS of $1.14-1.15 versus analysts’ consensus estimate of $0.94 and revenues of $0.985-0.990 bln versus analysts’ consensus estimate of $0.933 bln.

For the full FY 2022, it forecast EPS of $4.56-4.61 versus analysts’ consensus estimate of $3.74 and revenues of $3.975-3.990 bln versus analysts’ consensus estimate of $3.80 bln.

ZM rose to $335.50 (+2.37%) in pre-market trading.

Hewlett Packard Enterprise (HPE) reported Q2 FY 2021 earnings of $0.46 per share (versus $0.22 per share in Q2 FY 2020), beating analysts’ consensus estimate of $0.42 per share.

The company’s quarterly revenues amounted to $6.700 bln (+11.5% y/y), beating analysts’ consensus estimate of $6.614 bln.

The company also issued in-line guidance for Q3 FY 2021, projecting EPS of $0.38-0.44 versus analysts’ consensus estimate of $0.43.

For the full FY 2021, it guided EPS of $1.82-1.94 versus analysts’ consensus estimate of $1.84 and prior guidance of $1.70-1.88.

HPE closed Thursday's trading session at $16.09 (+0.81%).