Tin tức thì trường

U.S. stock-index futures rose on Friday, as investors weighed the potential for a new coronavirus relief package in the U.S., as well as a mixed set of earnings reports and favorable news from the COVID-19 treatment front.

Global Stocks:

FXStreet reports that S&P 500 reversed higher on Thursday and the Credit Suisse analyst team maintains the view that the “neckline” to its “head & shoulders” base and the 38.2% retracement at 3428/18 will hold for a turn back higher.

“The S&P 500 reversed slightly higher on Thursday after yet again holding above the ‘neckline’ to its recently completed base at 3429/27 and the 38.2% retracement of the recent recovery at 3418/15. We therefore maintain our view that 3429/15 will provide a solid floor for the uptrend to resume.” 

“Resistance stays at 3477, above which would bullishly confirm yesterday’s session for strength back to 3516/18, then 3550, above which would trigger a move back to the 3588/97 high, which is also the upper end of its ‘typical’ extreme (15% above the 200-day average). Whilst this should clearly be respected, we look for a break in due course, with our “measured base objective” at 3653.” 

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

Intel (INTC) target lowered to $50 from $55 at Cowen

Intel (INTC) downgraded to Underperform from Neutral at BofA Securities; target lowered to $45

American Express (AXP) reported Q3 FY 2020 earnings of $1.30 per share (versus $2.08 per share in Q3 FY 2019), missing analysts’ consensus estimate of $1.35 per share.

The company’s quarterly revenues amounted to $8.751 bln (-20.4% y/y), roughly in line with analysts’ consensus estimate of $8.711 bln.

AXP fell to $101.77 (-2.88%) in pre-market trading.

Intel (INTC) reported Q3 FY 2020 earnings of $1.11 per share (versus $1.42 per share in Q3 FY 2019), in line with analysts’ consensus estimate of $1.11 per share.

The company’s quarterly revenues amounted to $18.333 bln (-4.5% y/y), roughly in line with analysts’ consensus estimate of $18.258 bln.

The company issued in-line guidance for Q4 FY 2020, projecting EPS of approx. $1.10 versus analysts’ consensus estimate of $1.08 and revenues of approx. $17.40 bln versus analysts’ consensus estimate of $17.39 bln.

INTC fell to $48.79 (-9.48%) in pre-market trading.