Novosti i prognoe: tržište kapitala od 28-04-2021

U.S. stock-index futures traded flat on Wednesday, as investors assessed a big batch of Q1 earnings reports and the U.S. President Biden's $1.8 trillion "American Families Plan" while awaiting the outcomes of the U.S. Federal Reserve's latest meeting.

Global Stocks:

FXStreet notes that S&P 500 remains well supported for now and the spotlight remains on the 4200-level. Economists at Credit Suisse continue to look for a cap here and for a corrective/consolidation phase to emerge.

“Below support at 4118 is needed to mark a minor top to add weight to this view for a fall back to 4068, then 4034/20, where we would then look for a fresh floor. Below though would warn of a more protracted correction lower and a move towards the 63-day average, currently at 3958.”

“Big picture, even if correct, our bias would be to view a pullback/correction from 4200 as temporary and corrective, with a clear break in due course seen opening the door to a move to 4260 next, then 4350.”

“We can often see 10%-15% above the 200-day average as the upper extreme for the S&P 500, which is where the market currently resides.”

“OnBalanceVolume for the S&P 500 remains unable to confirm the new highs and holds a bearish divergence, warning the trend is losing ‘buying power’, adding weight to our view we are approaching a potential peak.”

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

Travelers (TRV) resumed with a Neutral at Credit Suisse; target $153

Alphabet A (GOOGL) target raised to $3000 from $2500 at Monness Crespi & Hardt

Boeing (BA) reported Q1 FY 2021 loss of $1.53 per share (versus -$1.70 per share in Q1 FY 2020), being worse than analysts’ consensus estimate of -$1.08 per share.

The company’s quarterly revenues amounted to $15.217 bln (-10.0% y/y), missing analysts’ consensus estimate of $15.950 bln.

BA fell to $240.00 (-1.02%) in pre-market trading.

Visa (V) reported Q2 FY 2021 earnings of $1.38 per share (versus $1.39 per share in Q2 FY 2020), beating analysts’ consensus estimate of $1.26 per share.

The company’s quarterly revenues amounted to $5.729 bln (-2.1% y/y), beating analysts’ consensus estimate of $5.543 bln.

V rose to $232.60 (+1.17%) in pre-market trading.

Starbucks (SBUX) reported Q2 FY 2021 earnings of $0.62 per share (versus $0.32 per share in Q2 FY 2020), beating analysts’ consensus estimate of $0.52 per share.

The company’s quarterly revenues amounted to $6.668 bln (+11.2% y/y), missing analysts’ consensus estimate of $6.752 bln.

The company also issued upside guidance for FY 2021, projecting EPS of $2.90-3.00 versus analysts’ consensus estimate of $2.84 and revenues of $28.5-29.3 bln versus analysts’ consensus estimate of $28.53 bln.

SBUX fell to $114.16 (-1.71%) in pre-market trading.

Microsoft (MSFT) reported Q3 FY 2021 earnings of $1.95 per share (versus $1.40 per share in Q3 FY 2020), beating analysts’ consensus estimate of $1.77 per share.

The company’s quarterly revenues amounted to $41.706 bln (+19.1% y/y), beating analysts’ consensus estimate of $40.834 bln.

MSFT fell to $255.85 (-2.34%) in pre-market trading.

Alphabet (GOOG) reported Q1 FY 2021 earnings of $26.29 per share (versus $9.87 per share in Q1 FY 2020), beating analysts’ consensus estimate of $15.64 per share.

The company’s quarterly revenues amounted to $55.300 bln (+34.4% y/y), beating analysts’ consensus estimate of $51.396 bln.

GOOG rose to $2430.00 (+5.33%) in pre-market trading.

Advanced Micro (AMD) reported Q1 FY 2021 earnings of $0.52 per share (versus $0.18 per share in Q1 FY 2020), beating analysts’ consensus estimate of $0.44 per share.

The company’s quarterly revenues amounted to $3.445 bln (+92.9% y/y), beating analysts’ consensus estimate of $3.204 bln.

The company also issued upside guidance for Q2 FY 2021, projecting revenues of $3.5-3.7 bln versus analysts’ consensus estimate of $3.28 bln.

For the full FY 2021, it sees revenues up ~50%, which translates to ~$14.64 bln versus analysts’ consensus estimate of $13.33 bln.

AMD rose to $88.92 (+4.35%) in pre-market trading.