Novosti i prognoe: tržište kapitala od 13-07-2020

U.S. stock-index futures rose on Monday,  as positive news about potential COVID-19 treatment offset concerns about rising coronavirus cases, while better-than-expected quarterly results from PepsiCo (PEP; +2.4%) gave a boost to the U.S. equities.

Global Stocks:

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

Walt Disney (DIS) initiated with a Buy at Goldman; target $137

Apple (AAPL) target raised to $450 from $425 at Wedbush

Deere (DE) upgraded to Outperform from Neutral at Robert W. Baird; target $189

S&P 500: Financials threats new lows - Credit Suisse

FXStreet reports that economists at Credit Suisse expect the financial sector to remain in its relentless underperformance trend while the energy sector is also awaited to continue its long-term downtrend. On the other hand, the consumer discretionary sector has surged higher and is looked for to outperform.

“The S&P Financials Sector has been capped at its 200-day average at 444 and we look for the risk to turn lower again with support seen next at 350, then 333, which we look to try and hold. 

“S&P Energy Sector recovery has been capped well ahead of key resistance at 389/95 and a fresh top is threatening. Below 259.50 would confirm to turn the core risk lower again.”

“Along with Tech the Consumer Discretionary sector has been one of the star performers from late March and with the sector in new highs and above long-term trend resistance we expect this trend to continue, with resistance seen next at 1124, then 1160.”

PepsiCo (PEP) reported Q2 FY 2020 earnings of $1.32 per share (versus $1.54 per share in Q2 FY 2019), beating analysts’ consensus estimate of $1.25 per share.

The company’s quarterly revenues amounted to $15.945 bln (-3.1% y/y), beating analysts’ consensus estimate of $15.472 bln.

PEP rose to $138.90 (+3.30%) in pre-market trading.

July 14

Before the Open:

Citigroup (C). Consensus EPS $0.27, Consensus Revenues $19060.87 mln

Delta Air Lines (DAL). Consensus EPS -$4.15, Consensus Revenues $1364.40 mln

JPMorgan Chase (JPM). Consensus EPS $1.23, Consensus Revenues $30226.82 mln

Wells Fargo (WFC). Consensus EPS -$0.10, Consensus Revenues $18298.94 mln

July 15

Before the Open:

Goldman Sachs (GS). Consensus EPS $3.91, Consensus Revenues $9759.78 mln

UnitedHealth (UNH). Consensus EPS $4.04, Consensus Revenues $63491.28 mln

After the Close:

Alcoa (AA). Consensus EPS -$0.26, Consensus Revenues $2133.96 mln

July 16

Before the Open:

Bank of America (BAC). Consensus EPS $0.28, Consensus Revenues $21714.84 mln

Johnson & Johnson (JNJ). Consensus EPS $1.49, Consensus Revenues $17629.51 mln

Morgan Stanley (MS). Consensus EPS $1.13, Consensus Revenues $10392.47 mln

After the Close:

Netflix (NFLX). Consensus EPS $1.83, Consensus Revenues $6077.95 mln