Novosti i prognoe: tržište kapitala od 28-10-2016

Major U.S. stock-indexes little changed on Friday as robust economic data shone light on the strength of the U.S. economy, while upbeat results from Alphabet and Chevron offset the decline in health stocks and Amazon. The U.S. Commerce Department's first estimate on gross domestic product showed the U.S. economy grew at its fastest pace in two years. GDP increased at a 2,9% annual rate in the third quarter, helped by a surge in exports.

Most of Dow stocks in positive area (21 of 30). Top gainer - Chevron Corporation (CVX, +4.88%). Top loser - Merck & Co., Inc. (MRK, -3.11%).

Almost all S&P sectors also in positive area. Top gainer - Industrial goods (+1.3%). Top loser - Healthcare (-1.3%).

At the moment:

Dow 18163.00 +81.00 +0.45%

S&P 500 2134.25 +10.75 +0.51%

Nasdaq 100 4835.00 +28.00 +0.58%

Oil 49.17 -0.55 -1.11%

Gold 1270.90 +1.40 +0.11%

U.S. 10yr 1.85 +0.01

Polish equity market closed higher on Friday. The broad market measure, the WIG Index, added 0.86%. Sector performance within the WIG Index was mixed. Banking sector (+1.64%) outperformed, while media (-1.23%) lagged behind.

The large-cap stocks' measure, the WIG30 Index, advanced 0.99%. FMCG-wholesaler EUROCASH (WSE: EUR) was the growth leader among the index components, recording advance of 3.52%. It was followed by three financials names - banks PKO BP (WSE: PKO) and PEKAO (WSE: PEO) and insurer PZU (WSE: PZU), which gained 2.6%, 2.28% and 2.22% respectively. On the other side of the ledger, railway freight transport operator PKP CARGO (WSE: PKP) was the weakest name, dropping 2.82%. Other largest decliners were property developer GTC (WSE: GTC), media group CYFROWY POLSAT (WSE: CPS) and videogame developer CD PROJEKT (WSE: CDR), dropping by 2.18%, 1.62% and 1.1% respectively.

U.S. stock-index futures rose amid better-than-expected Q3 GDP data and mixed earnings reports.

Global Stocks:

Nikkei 17,446.41 +109.99 +0.63%

Hang Seng 22,954.81 -177.54 -0.77%

Shanghai 3,105.08 -7.27 -0.23%

FTSE 6,984.56 -2.01 -0.03%

CAC 4,537.04 +3.47 +0.08%

DAX 10,675.51 -41.57 -0.39%

Crude $49.28 (-0.88%)

Gold $1263.10 (-0.50%)

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

Upgrades:

Twitter (TWTR) upgraded to Perform from Underperform at Oppenheimer

Downgrades:

Other:

Amazon (AMZN) target lowered to $920 from $950 at Mizuho

Amazon (AMZN) target lowered to $950 from $1000 at RBC Capital Mkts

Chevron reported Q3 FY 2016 earnings of $0.68 per share (versus $1.09 in Q3 FY 2015), beating analysts' consensus estimate of $0.39.

The company's quarterly revenues amounted to $30.140 bln (-12.2% y/y), missing analysts' consensus estimate of $30.578 bln.

CVX rose to $100.35 (+0.43%) in pre-market trading.

MasterCard reported Q3 FY 2016 earnings of $1.08. per share (versus $0.91 in Q3 FY 2015), beating analysts' consensus estimate of $0.98.

The company's quarterly revenues amounted to $2.900 bln (+14.6% y/y), beating analysts' consensus estimate of $2.744 bln.

MA rose to $105.60 (+1.93%) in pre-market trading.

Exxon Mobil reported Q3 FY 2016 earnings of $0.63 per share (versus $1.01 in Q3 FY 2015), beating analysts' consensus estimate of $0.60.

The company's quarterly revenues amounted to $58.677 bln (-12.9% y/y), missing analysts' consensus estimate of $60.603 bln.

XOM fell to $86.02 (-1.04%) in pre-market trading.

European stock wobbled into the close on Thursday, as investors digested a raft of earnings reports and better-than-expected growth data from the U.K. The pan-European benchmark swung between small gains and losses throughout the day and had opened firmly lower after a downbeat session in Asia. China said industrial profits fell to 7.7% year-over-year growth in September, a sharp slowdown from the 19.5% recorded the month before.

U.S. stocks closed lower Thursday, after a session of fluctuating between slight gains and losses, as a jump in bond yields prompted a selloff in defensive sectors such as real estate while investors sifted through mixed earnings results and deal news. "The market is uneven because earnings have been uneven, investors really are looking at them on a company by company basis," said Paul Nolte, portfolio manager at Kingsview Asset Management. "When you roll it all up it doesn't amount to much in moving the market."

Asian markets were mixed by mid-morning Friday as investors parsed a deluge of economic data and corporate earnings. Global bond yields received a boost overnight fromstronger-than-expected U.K. GDP data and comments from the Bank of Japan's that it may not increase its quantitative easing program.