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

U.S. stock-index futures rose on Wednesday, following impressive earnings reports from Alphabet (GOOG; +6.8%) and Amazon (AMZN; +1.9%) and amid lingering optimism for massive additional stimulus in the U.S.

Global Stocks:

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

3M (MMM) upgraded to Buy from Hold at Argus

Amazon (AMZN) target raised to $5200 from $4000 at Susquehanna

Amazon (AMZN) target raised to $4650 from $4500 at Pivotal Research Group  

Alphabet (GOOG) target raised to $2750 from $2100 at Pivotal Research Group

FXStreet notes that the S&P 500 strong recovery continues, but analysts at Credit Suisse continue to look for a high-level consolidation phase to emerge ahead of an eventual move to 3900.

“A strong recovery for the S&P 500 has seen the market remove resistance from the price gap from last Friday morning and the midpoint of the ‘real body’ of the bearish ‘reversal week’ at 3778/87, leaving the market testing what we see as more important resistance at the 3837/50 price gap. With a large bearish “reversal week” in place our bias remains for this to cap for now for a phase of high-level consolidation.”

“Support is seen at 3813 initially, then the price gap from yesterday morning at 3792/73. Below here is needed to reinforce a sideways ranging phase for a fall back to 3726, then more important support, starting at 3694 and stretching down to the low for the year at 3663.”

Amgen (MGN) reported Q4 FY 2020 earnings of $3.81 per share (versus $3.64 per share in Q4 FY 2019), beating analysts’ consensus estimate of $3.34 per share.

The company’s quarterly revenues amounted to $6.634 bln (+7.1% y/y), roughly in line with analysts’ consensus estimate of $6.570 bln.

AMGN fell to $235.00 (-2.28%) in pre-market trading.

Alphabet (GOOG) reported Q4 FY 2020 earnings of $22.30 per share (versus $15.35 per share in Q4 FY 2019), beating analysts’ consensus estimate of $15.98 per share.

The company’s quarterly revenues amounted to $56.900 bln (+23.5% y/y), beating analysts’ consensus estimate of $52.861 bln.

GOOG rose to $2069.22 (+7.35%) in pre-market trading.

Amazon (AMZN) reported Q4 FY 2020 earnings of $14.09 per share (versus $6.47 per share in Q4 FY 2019), beating analysts’ consensus estimate of $7.15 per share.

The company’s quarterly revenues amounted to $125.555 bln (+43.6% y/y), beating analysts’ consensus estimate of $119.729 bln.

The company issued upside guidance for Q1 FY2021, projecting revenues of $100-106 bln versus analysts’ consensus estimate of $95.5 bln. It also guided to Q1 FY 2021 operating income of $3.0-6.5 bln versus analysts’ consensus estimate of $5.68 bln.

It was also announced that Jeff Bezos would transition to the role of Executive Chair in Q3 FY 2021 and Andy Jassy would become CEO at that time.

AMZN rose to $3395.05 (+0.45%) in pre-market trading.