Tin tức thì trường

U.S. stock-index futures rose on Thursday, as reports that Britain struck a preliminary deal with the EU helped to remove some investor uncertainty amid heightened concerns about the health of the global economy, while solid earnings from Netflix (NFLX) and Morgan Stanley (MS) affirmed a strong start to Q3 reporting season. 

Global Stocks:

The Commerce Department reported on Thursday the building permits issued for privately owned housing units dropped by 2.7percent m-o-m in September to a seasonally adjusted annual pace of 1.387 million, while housing starts fell by 9.4 percent m-o-m to an annual rate of 1.256 million.

Economists had forecast housing starts dropping to a pace of 1.320 million units last month and building permits falling to a pace of 1.350 million units.

Data for August was revised to show homebuilding growing to a pace of 1.386 million units, instead of decreasing at a rate of 1.364 million units as previously reported.

According to the report, permits for single-family homes, the largest segment of the market, increased 0.8 percent m-o-m at 882,000 in September (the highest level since February 2018), while approvals for the multi-family homes segment declined 8.2 percent m-o-m to a 505,000 unit-rate.

In the meantime, groundbreaking on single-family homes rose 0.3 percent m-o-m to a rate of 918,000 units in September (the highest level since January), while housing starts for the multi-family tumbled 28.2 percent m-o-m to a 338,000 -unit pace.

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

Pfizer (PFE) resumed with a Neutral at BofA/Merrill; target $37

Merck (MRK) resumed with a Neutral at BofA/Merrill; target $90

Travelers (TRV) initiated with an Underperform at Evercore ISI; target $128

Morgan Stanley (MS) reported Q3 FY 2019 earnings of $1.27 per share (versus $1.17 in Q3 FY 2018), beating analysts’ consensus estimate of $1.12.

The company’s quarterly revenues amounted to $10.032 bln (+1.6% y/y), beating analysts’ consensus estimate of $9.627 bln.

MS rose to $44.69 (+4.44%) in pre-market trading.

Honeywell (HON) reported Q3 FY 2019 earnings of $2.08 per share (versus $1.90 in Q3 FY 2018), beating analysts’ consensus estimate of $2.01.

The company’s quarterly revenues amounted to $9.086 bln (-15.6% y/y), generally in line with analysts’ consensus estimate of $9.122 bln.

The company also raised guidance for FY 2019, projecting EPS of $7.90-8.15 (compared to its prior guidance of $7.80-8.10 and analysts’ consensus estimate of $7.99) and revenues of $36.5-37.2 bln (compared to its prior guidance of $36-36.9 bln and analysts’ consensus estimate of $36.85 bln).

HON rose to $164.00 (+0.23%) in pre-market trading.

Netflix (NFLX) reported Q3 FY 2019 earnings of $1.09 per share (versus $0.89 in Q3 FY 2018), beating analysts’ consensus estimate of $1.05.

The company’s quarterly revenues amounted to $5.245 bln (+31.2% y/y), generally in line with analysts’ consensus estimate of $5.248 bln.

The company also issued downside guidance for Q4 FY 2019, projecting EPS of $0.51 versus analysts’ consensus estimate of $0.85 and revenues of $5.442 bln versus analysts’ consensus estimate of $5.51 bln.

NFLX rose to $309.40 (+8.08%) in pre-market trading.

IBM (IBM) reported Q3 FY 2019 earnings of $2.68 per share (versus $3.42 in Q3 FY 2018), beating analysts’ consensus estimate of $2.66.

The company’s quarterly revenues amounted to $18.028 bln (-3.9% y/y), missing analysts’ consensus estimate of $18.286 bln.

The company also reaffirmed FY 2019 EPS guidance of $12.80 versus analysts’ consensus estimate of $12.81.

IBM fell to $135.16 (-4.89%) in pre-market trading.