Novosti i prognoe: tržište kapitala od 14-04-2021

U.S. stock-index futures traded mixed on Wednesday, as investors digested the first batch of Q1 corporate earnings while awaiting the Fed’s Chairman Powell speech at the Economic Club of Washington and the release of the Fed’s “Beige Book" later today.

Global Stocks:

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

Twitter (TWTR) assumed with a Neutral at Wedbush; target $75

Facebook (FB) downgraded to Neutral from Outperform at Wedbush; target lowered to $340

Exxon Mobil (XOM) upgraded to Mkt Perform from Underperform at Raymond James

Wells Fargo (WFC) reported Q1 FY 2021 earnings of $1.05 per share (versus $0.01 per share in Q1 FY 2020), beating analysts’ consensus estimate of $0.65 per share.

The company’s quarterly revenues amounted to $18.063 bln (+2.0% y/y), beating analysts’ consensus estimate of $17.423 bln.

WFC rose to $39.89 (+0.25%) in pre-market trading.

Goldman Sachs (GS) reported Q1 FY 2021 earnings of $18.60 per share (versus $3.11 per share in Q1 FY 2020), strongly beating analysts’ consensus estimate of $8.93 per share.

The company’s quarterly revenues amounted to $17.700 bln (+102.4% y/y), strongly beating analysts’ consensus estimate of $11.744 bln.

GS rose to $333.00 (+1.62%) in pre-market trading.

FXStreet reports that the Credit Suisse analyst team notes that the S&P 500 stays on course for the 4200 level, although “red flags” are starting to emerge. 

“Key ‘red flags’ for the S&P 500 are as follows: The rally has extended to the top of its multi-year channel from the 2009 low. We have moved to the upper end of its ‘typical’ extreme – 15% above the 200-day average. OnBalanceVolume is not confirming the new highs and shows a clear bearish divergence. Outright Volume is now falling as the market itself moves higher. 93% of S&P 500 stocks are now above their 200-day average. Weekly DeMark Sequential is now seen very close to an exhaustion signal.”

“Classic momentum measures though are not yet seen at an extreme and we see scope for the market to get more overstretched yet and we continue to look for further gains to 4175, then ideally our core Q2 objective at 4200."

JPMorgan Chase (JPM) reported Q1 FY 2021 earnings of $4.50 per share (versus $0.78 per share in Q1 FY 2020), beating analysts’ consensus estimate of $2.94 per share.

The company’s quarterly revenues amounted to $32.300 bln (+14.3% y/y), beating analysts’ consensus estimate of $29.967 bln.

JPM fell to $153.17 (-0.60%) in pre-market trading.