Novosti i prognoe: tržište kapitala od 14-08-2018

Major US stock indices grew moderately after three days of losses, as favorable earnings reports raised optimism, and bank stocks recovered after the Turkish lira retracement.

The rate of the Turkish currency demonstrates a significant increase, as concern about the economic crisis in Turkey has weakened slightly after the central bank of the country announced many measures aimed at stabilizing the situation on the foreign exchange market.

In addition, the Ministry of Labor said that import prices did not change in July, after they fell by -0.1% in June (revised from -0.4%). Economists had expected that import prices would grow by 0.1%. Prices remained unchanged, as fuel import prices rose by 1.6% in July after they rose by 1.3% in June, while prices for other goods, except fuel, fell by -0.3 % The second month in a row. Meanwhile, export prices in July fell by -0.5%, after rising by 0.2% in June. Economists predicted that export prices will grow by 0.2% compared to the initial growth of 0.3%.

Most DOW components recorded a rise (21 out of 30). The growth leader was Walgreens Boots Alliance, Inc. (WBA, + 3.05%). Outsider were shares of Intel Corporation (INTC, -0.71%).

All sectors of S & P finished trading in positive territory. The conglomerate sector grew most (+ 0.7%).

At closing:

Dow 25,299.92 +112.22 +0.45%

S&P 500 2,839.96 +18.03 +0.64%

Nasdaq 100 7,870.89 +51.19 +0.65%

U.S. stock-index futures rose moderately on Tuesday, as global financial markets rebounded, due to a recovery in the Turkish lira, while the gains in technology stocks lifted the sentiment.

Global Stocks:

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

Home Depot (HD) reported Q2 FY 2018 earnings of $3.05 per share (versus $2.25 in Q2 FY 2017), beating analysts' consensus estimate of $2.85.

The company's quarterly revenues amounted to $30.463 bln (+8.4% y/y), beating analysts' consensus estimate of $30.035 bln.

The company also issued mixed guidance for FY 2018, projecting EPS of $9.42 (versus analysts' consensus estimate of $9.46 and its prior forecast of $9.31) and revenues of $108.0 bln (versus analysts' consensus estimate of $107.9 bln and its prior guidance of ~$107.5 bln).

HD rose to $198.12 (+2.05%) in pre-market trading.