Novosti i prognoe: tržište kapitala od 22-10-2020

U.S. stock-index futures fell on Thursday, as weekly jobless claims data pointed to a slowing recovery in the U.S. labor market, while stimulus talks dragged on. 

Global Stocks:

FXStreet reports that analysts at Credit Suisse note that S&P 500 posted another potentially bullish “inverted hammer” candlestick reversal on Wednesday, 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.

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

“Resistance stays at 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 3588/95 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.” 

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

Tesla (TSLA) upgraded to Outperform from Neutral at Robert W. Baird; target raised to $488

Tesla (TSLA) upgraded to Mkt Outperform from Mkt Perform at JMP Securities; target $516

Freeport-McMoRan (FCX) reported Q3 FY 2020 earnings of $0.29 per share (versus $0.01 per share in Q3 FY 2019), beating analysts’ consensus estimate of $0.21 per share.

The company’s quarterly revenues amounted to $3.851 bln (+16.4% y/y), beating analysts’ consensus estimate of $3.676 bln.

FCX rose to $17.80 (+0.45%) in pre-market trading.

Dow (DOW) reported Q3 FY 2020 earnings of $0.50 per share (versus $0.91 per share in Q3 FY 2019), beating analysts’ consensus estimate of $0.29 per share.

The company’s quarterly revenues amounted to $9.712 bln (-9.8% y/y), beating analysts’ consensus estimate of $9.509 bln.

DOW rose to $49.16 (+1.26%) in pre-market trading.

Coca-Cola (KO) reported Q3 FY 2020 earnings of $0.55 per share (versus $0.56 per share in Q3 FY 2019), beating analysts’ consensus estimate of $0.46 per share.

The company’s quarterly revenues amounted to $8.652 bln (-9.0% y/y), beating analysts’ consensus estimate of $8.366 bln.

KO rose to $50.72 (+1.46%) in pre-market trading.

AT&T (T) reported Q3 FY 2020 earnings of $0.76 per share (versus $0.94 per share in Q3 FY 2019), missing analysts’ consensus estimate of $0.77 per share.

The company’s quarterly revenues amounted to $42.430 bln (-4.8% y/y), beating analysts’ consensus estimate of $41.659 bln.

T rose to $27.16 (+1.65%) in pre-market trading.

Tesla (TSLA) reported Q3 FY 2020 earnings of $0.76 per share (versus $1.91 per share in Q3 FY 2019), beating analysts’ consensus estimate of $0.60 per share.

The company’s quarterly revenues amounted to $8.771 bln (+39.2% y/y), beating analysts’ consensus estimate of $8.292 bln.

TSLA rose to $443.01 (+4.82%) in pre-market trading.