Novosti i prognoe: tržište kapitala od 14-08-2020

U.S. stock-index futures traded mixed on Friday, as investors assessed the U.S. retail sales data for July, while hopes for additional coronavirus stimulus in the U.S. diminished.

Global Stocks:

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

Tesla (TSLA) upgraded to Neutral from Underperform at BofA Securities; target raised to $1750

Tesla (TSLA) upgraded to Equal-Weight from Underweight at Morgan Stanley; target raised to $1360

FXStreet notes that the S&P 500 rally is losing momentum at the 3394 record high. With a daily RSI momentum divergence now in place, the risk for a correction lower is growing steadily, according to the Credit Suisse analyst team.

“With daily RSI momentum now holding a small bearish RSI divergence and with the market above what we see as its ‘typical’ extreme (10% above its 200-day average, currently at 3370) the risk for a correction lower continues to grow.” 

“Support at 3355 needs to hold to avoid this to keep the immediate risk higher for a challenge on the 3394 record high. Beyond here can see an overshoot to potential trend resistance, today seen at 3415, which we would look to cap at first.”

“Below 3355 can further increase the risk for a correction lower for a move back to the recent low and 13-day average at 3326/17. Only a close below here though would suggest a correction lower is finally underway, with support then seen next at 3271.”

Baidu (BIDU) reported Q2 FY 2020 earnings of RMB14.73 per share (versus RMB1.47 per share in Q2 FY 2019), beating analysts’ consensus estimate of RMB9.87 per share.

The company’s quarterly revenues amounted to RMB26.034 bln (-1.1% y/y), roughly in line with analysts’ consensus estimate of RMB25.790 bln.

The company also issued in-line guidance for Q3 FY 2020, projecting revenues of RMB26.30-28.70 bln versus analysts’ consensus estimate of RMB 27.68 bln.

BIDU fell to $117.30 (-5.84%) in pre-market trading.

Applied Materials (AMAT) reported Q3 FY 2020 earnings of $1.06 per share (versus $0.74 per share in Q3 FY 2019), beating analysts’ consensus estimate of $0.95 per share.

The company’s quarterly revenues amounted to $4.395 bln (+23.4% y/y), beating analysts’ consensus estimate of $4.169 bln.

The company also issued upside guidance for Q4 FY 2020, projecting EPS of $1.11-1.23 versus analysts’ consensus estimate of $1.02 and revenues of $4.40-4.80 bln versus analysts’ consensus estimate of $4.35 bln.

AMAT rose to $67.04 (+3.03%) in pre-market trading.