Novosti i prognoe: tržište kapitala od 02-03-2021

U.S. stock-index futures fell slightly on Tuesday, following the strongest rally on Wall Street in more than seven months on Monday, as investors continued to closely monitor the situation in the bond market and progress on the next round of U.S. fiscal stimulus.

Global Stocks:

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

Kohl's (KSS) reported Q4 FY 2021 earnings of $2.22 per share (versus $1.99 per share in Q4 FY 2020), beating analysts’ consensus estimate of $1.03 per share.

The company’s quarterly revenues amounted to $6.141 bln (-10.1% y/y), beating analysts’ consensus estimate of $5.850 bln.

The company also issued guidance for FY 2022, projecting EPS of $2.45-2.95 versus analysts’ consensus estimate of $2.67 and revenues of increase in the mid-teens percentage range versus analysts’ consensus estimate of +11% or $17.69 bln.

KSS rose to $57.50 (+0.88%) in pre-market trading.

Small caps look vulnerable to higher interest rate - Morgan Stanley

FXStreet reports that Mike Wilson, Chief Investment Officer and Chief U.S. Equity Strategist for Morgan Stanley, shares the outlook for investors about which sectors could benefit from an era of rising inflation and higher interest rates.

“Now interest rates are finally catching up, and that is pushing down valuations faster than earnings revisions are moving up. This is very much in line with our call for this year: higher rates, lower valuations and strong earnings. What it means for investors is that 2021 is likely to be a year of modest returns for the major indices, but with massive dispersion between winners and losers.”

“Unsurprisingly, the best opportunities still reside in sectors that have been the most shut down over the past year. Areas like consumer and business services, travel and leisure, to name a few. It's also in sectors that are likely to benefit from higher interest rates or inflation, like banks, materials and energy. Small caps look a bit extended to us at the moment, and they could be vulnerable to higher interest rates, so we'd be a bit more inclined to add here on a further pullback.”

“The areas that appear most vulnerable to higher interest rates remain expensive growth stocks that have limited profitability at the moment. We're also wary of companies that may have experienced excess demand last year.”

Target (TGT) reported Q4 FY 2020 earnings of $2.67 per share (versus $1.69 per share in Q4 FY 2019), beating analysts’ consensus estimate of $2.54 per share.

The company’s quarterly revenues amounted to $27.997 bln (+21.0% y/y), beating analysts’ consensus estimate of $27.418 bln.

TGT rose to $187.50 (+0.76%) in pre-market trading.

Zoom Video (ZM) reported Q4 FY 2021 earnings of $1.22 per share (versus $0.15 per share in Q4 FY 2020), beating analysts’ consensus estimate of $0.79 per share.

The company’s quarterly revenues amounted to $0.882 bln (+368.8% y/y), beating analysts’ consensus estimate of $0.811 bln.

The company also issued upside guidance for Q1 FY 2022, projecting EPS of $0.95-0.97 versus analysts’ consensus estimate of $0.70 and revenues of $0.900-0.905 bln versus analysts’ consensus estimate of $0.835 bln.

For the full FY 2022, the company guided EPS of $3.59-3.65 versus analysts’ consensus estimate of $2.96 and revenues of $3.76-3.78 bln versus analysts’ consensus estimate of $3.5 bln.

ZM rose to $445.02 (+8.63%) in pre-market trading.