Novosti i prognoe: tržište kapitala od 21-10-2020

U.S. stock-index futures traded flat on Wednesday, as investors continued to monitor talks on a new stimulus package in Washington.

Global Stocks:

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FXStreet notes that S&P 500 posted a relatively neutral session on Tuesday, completing an “inverted hammer” candlestick reversal, which reinforces the conviction that the “neckline” to its “head & shoulders” base and the 38.2% retracement of the recent recovery at 3428/18 will hold for a turn back higher, as per Credit Suisse.

“The S&P 500 posted a relatively neutral session on Tuesday, completing a potentially bullish ‘inverted hammer’ candlestick reversal above the “neckline” to its recently completed base at 3428/27 and the 38.2% retracement of the recent recovery at 3420/18. This reversal pattern reinforces our view that 3428/18 will provide a solid floor for the uptrend to resume.” 

“Resistance moves to 3477, above which would bullishly confirm yesterday’s session for strength back to 3516/18, then 3550, above which would trigger a move back to the 3588/94 high, which is also the upper end of its ‘typical’ extreme (15% above the 200-day average). Whilst this should clearly be respected, we look for a break in due course, with our ‘measured base objective’ at 3653.”

Verizon (VZ) reported Q3 FY 2020 earnings of $1.25 per share (versus $1.25 per share in Q3 FY 2019), beating analysts’ consensus estimate of $1.22 per share.

The company’s quarterly revenues amounted to $31.500 bln (-4.2% y/y), generally in line with analysts’ consensus estimate of $31.603 bln.

The company also issued raised guidance for FY 2020, projecting EPS of +0-2%, up from -2% to +2%, to $4.81-4.90 versus analysts’ consensus estimate of $4.77.

VZ rose to $57.93 (+1.19%) in pre-market trading.

Snap (SNAP) reported Q3 FY 2020 earnings of $0.01 per share (versus -$0.04 per share in Q3 FY 2019), beating analysts’ consensus estimate of -$0.05 per share.

The company’s quarterly revenues amounted to $0.679 bln (+52.1% y/y), solidly beating analysts’ consensus estimate of $0.551 bln.

SNAP rose to $35.32 (+24.15%) in pre-market trading.

Netflix (NFLX) reported Q3 FY 2020 earnings of $1.74 per share (versus $1.09 per share in Q3 FY 2019), missing analysts’ consensus estimate of $2.14 per share.

The company’s quarterly revenues amounted to $6.436 bln (+22.7% y/y), generally in line with analysts’ consensus estimate of $6.381 bln. 

It also reported global streaming paid net adds of 2.20 mln versus its prior guidance of 2.50 mln and 10.09 mln in Q2 FY 2020.

The company issued mixed guidance for Q4 FY 2020, projecting EPS of $1.35 versus analysts’ consensus estimate of $0.94 and revenues of $6.572 bln versus analysts’ consensus estimate of $6.59 bln. It also guided Q4 FY 2020 global streaming net adds of 6.00 mln.

NFLX fell to $497.99 (-5.22%) in pre-market trading.