Tin tức thì trường

U.S. stock-index futures rose on Wednesday, as upbeat quarterly results from Disney (DIS; +6%) and several healthcare companies outweighed disappointing July private payrolls data from ADP and the stall in negotiations on the next coronavirus relief package. .

Global Stocks:

FXStreet notes that S&P 500 strength stays on course to test the top of its February “pandemic” gap at 3328/38, but economists at Credit Suisse still believe this level will cap the index at first for a fresh consolidation phase. Meanwhile, the VIX is starting to move below key support and may be returning to “normal” levels. 

“S&P 500 has held flagged high-level support at 3200/3198 and this keeps the immediate bias higher for a test on the top of the February gap at 3328/38. We continue to look for this to remain tough resistance for now for lengthier consolidation. A break in due course though should clear the way for a challenge on the 3394 record high.”

“Below 3200 would mark a minor top to reinforce the likelihood for further range-trading with support then seen back at 3128/16, which we would look to hold. A break though can see a retest of support from the 200-day average, currently seen at 3052, but with only a close back below here seen raising the risk we are seeing the construction of a potentially important top.”

“The VIX is moving below key support from the top of its 2019 range at 24.81/23.54 and a weekly close below here would be seen opening the door to more ‘normal’ conditions with support seen at 20 next.”

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

Apple (AAPL) downgraded to Neutral from Buy at BofA Securities; target raised to $470

Walt Disney (DIS) upgraded to Outperform from Neutral at Credit Suisse; target raised to $146

Walt Disney (DIS) upgraded to Buy from Neutral at Guggenheim; target $140

Walt Disney (DIS) reported Q3 FY 2020 earnings of $0.08 per share (versus $1.35 per share in Q3 FY 2019), better than analysts’ consensus estimate of -$0.64 per share.

The company’s quarterly revenues amounted to $11.800 bln (-41.7% y/y), missing analysts’ consensus estimate of $12.482 bln.

DIS rose to $124.80 (+6.40%) in pre-market trading.