Novosti i prognoe: tržište kapitala od 27-07-2021

U.S. stock-index futures traded mixed on Tuesday, as investors digested the U.S. data on durable goods orders for June and the latest batch of Q2 earnings reports, while the Federal Reserve prepared to begin its two-day policy meeting. 

Global Stocks:

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

McDonald's (MCD) initiated with a Buy at Guggenheim; target $270

Merck (MRK) assumed with a Buy at Truist; target $92

Pfizer (PFE) assumed with a Buy at Truist; target $43

Starbucks (SBUX) initiated with a Neutral at Guggenheim; target $125

AT&T (T) downgraded to Hold from Buy at Argus

Raytheon Technologies (RTX) reported Q2 FY 2021 earnings of $1.03 per share (versus $0.39 per share in Q2 FY 2020), beating analysts’ consensus estimate of $0.93 per share.

The company’s quarterly revenues amounted to $15.880 bln (+12.9% y/y), roughly in line with analysts’ consensus estimate of $15.833 bln.

The company also raised its guidance for FY 2021, projecting EPS of $3.85-4.00 versus its prior guidance of $3.50-3.70 and analysts’ consensus estimate of $3.82 and revenues of $64.4-65.4 bln versus its prior guidance of $63.9-65.4 bln and analysts’ consensus estimate of $65.39 bln.

RTX rose to $87.40 (+1.69%) in pre-market trading.

General Electric (GE) reported Q2 FY 2021 earnings of $0.05 per share (versus -$0.15 per share in Q2 FY 2020), beating analysts’ consensus estimate of $0.03 per share.

The company’s quarterly revenues amounted to $18.300 bln (+3.1% y/y), beating analysts’ consensus estimate of $17.959 bln.

The company also reaffirmed its guidance for FY 2021, projecting EPS of $0.15-0.25 versus analysts’ consensus estimate of $0.25.

GE rose to $13.43 (+3.95%) in pre-market trading.

3M (MMM) reported Q2 FY 2021 earnings of $2.59 per share (versus $1.78 per share in Q2 FY 2020), beating analysts’ consensus estimate of $2.28 per share.

The company’s quarterly revenues amounted to $8.900 bln (24.0% y/y), beating analysts’ consensus estimate of $8.594 bln.

The company also raised guidance for FY 2021, projecting EPS of $9.70-$10.10 versus its prior guidance of $9.20-$9.70 and analysts’ consensus estimate of $9.85 and total revenues growth of 7-10% y/y, equating to revenue of $34.43-$35.40 bln versus analysts’ consensus estimate of  $34.88 bln. Its prior guidance was for revenue growth of 5-8% y/y.

MMM rose to $203.79 (+1.05%) in pre-market trading.

UPS (UPS) reported Q2 FY 2021 earnings of $3.06 per share (versus $2.13 per share in Q2 FY 2020), beating analysts’ consensus estimate of $2.81 per share.

The company’s quarterly revenues amounted to $23.424 bln (+14.5% y/y), beating analysts’ consensus estimate of $23.166 bln.

UPS fell to $207.75 (-1.01%) in pre-market trading.

Tesla (TSLA) reported Q2 FY 2021 earnings of $1.45 per share (versus $2.18 per share in Q2 FY 2020), beating analysts’ consensus estimate of $0.98 per share.

The company’s quarterly revenues amounted to $11.960 bln (+98.0% y/y), beating analysts’ consensus estimate of $11.399 bln.

Tesla also reiterated its outlook of achieving 50% annual growth in vehicle deliveries over a multi-year horizon.

TSLA rose to $672.00 (+2.19%) in pre-market trading.