Novosti i prognoe: tržište kapitala od 15-11-2019

U.S. stock-index futures rose on Friday, supported by White House economic advisor Larry Kudlow’s statement that China and the U.S. were getting close to reaching a trade deal, as well as better-than-expected October retail sales data and a slew of solid corporate earnings.

Global Stocks:

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

Apple (AAPL) target raised to $325 from $300 at Wedbush

Home Depot (HD) target raised to $268 from $246 at Jefferies 

JD.com (JD) reported Q3 FY 2019 earnings of RMB 2.08 per share (versus RMB 0.80 in Q3 FY 2018), beating analysts’ consensus estimate of RMB 1.20.

The company’s quarterly revenues amounted to RMB 134.843 bln (+28.7% y/y), beating analysts’ consensus estimate of RMB 128.415 bln.

The company also issued in-line guidance for Q4, projecting revenues of RMB 163-168 bln vs. analysts’ consensus estimate of RMB 163.33 bln.

JD rose to $35.44 (+5.57%) in pre-market trading.

Applied Materials (AMAT) reported Q4 FY 2019 earnings of $0.80 per share (versus $0.97 in Q4 FY 2018), beating analysts’ consensus estimate of $0.76.

The company’s quarterly revenues amounted to $3.754 bln (-0.1% y/y), beating analysts’ consensus estimate of $3.683 bln.

The company also issued upside guidance for Q1 FY 2020, projecting EPS of $0.87-0.95 vs. analysts’ consensus estimate of $0.75 and revenues of $3.95-4.25 bln vs. analysts’ consensus estimate of $3.71 bln.

AMAT rose to $60.00 (+5.34%) in pre-market trading.

NVIDIA (NVDA) reported Q3 FY 2019 earnings of $1.78 per share (versus $1.84 in Q3 FY 2018), beating analysts’ consensus estimate of $1.57.

The company’s quarterly revenues amounted to $3.014 bln (-5.2% y/y), beating analysts’ consensus estimate of $2.915 bln.

The company also issued downside guidance for Q4 FY 2019, projecting revenues of $2.89-3.01 bln vs. analysts’ consensus estimate of $3.08 bln and EPS of $1.56-1.75 vs. analysts’ consensus estimate of $1.70.

NVDA rose to $210.00 (+0.10%) in pre-market trading.