Novosti i prognoe: tržište kapitala od 28-08-2020

U.S. stock-index futures rose on Friday, as prospects that interest rates would stay low for a prolonged period bolstered risk appetite.

Global Stocks:

FXStreet notes that the S&P 500 posted a neutral ‘doji’ on Thursday as the market digested the new Fed policy announcement, however, the Credit Suisse analyst team still believes that the market has entered a more accelerated trend state, with daily RSI momentum remaining above its June peak, reinforcing the move higher. The next major resistance is seen at 3541/43.

“The break above our prior objective at the Fibonacci projection level at 3432/36 and the top of the potential trend channel resistance earlier in the week still suggests the market has entered a more accelerated phase, with daily RSI momentum also remaining above its June peak, reinforcing the break higher.”

“Next resistance is seen at the top of the weekly BollingerBand at 3500/03, then the top of our typical extreme zone (i.e. 15% above the 200- day average) at 3541/44, which is expected to prove a tougher barrier.” 

“Support stays at 3468/66 initially, below which would complete a very small intraday top, however, only a break below the uptrend from late June and the 13-day exponential average at 3418/12 would remove the upside bias.”

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

HP (HPQ) target raised to $20 from $18 at Cowen

Dell Technologies Inc. (DELL) reported Q2 FY 2020 earnings of $1.92 per share (versus $2.15 per share in Q2 FY 2019), beating analysts’ consensus estimate of $1.40 per share.

The company’s quarterly revenues amounted to $22.775 bln (-2.9% y/y), beating analysts’ consensus estimate of $22.498 bln.

DELL rose to $64.25 (+2.92%) in pre-market trading.

HP Inc. (HPQ) reported Q3 FY 2020 earnings of $0.49 per share (versus $0.58 per share in Q3 FY 2019), beating analysts’ consensus estimate of $0.43 per share.

The company’s quarterly revenues amounted to $14.294 bln (-2.1% y/y), beating analysts’ consensus estimate of $13.286 bln.

The company also issued upside guidance for Q4 FY 2020, projecting EPS of $0.50-0.54, versus analysts’ consensus estimate of $0.50.

HPQ rose to $19.30 (+3.21%) in pre-market trading.