Tin tức thì trường

U.S. stock-index futures rose on Monday, as investors digested reports that more states set to begin lifting coronavirus restrictions and awaited earnings reports from a number of marquee companies due this week.

Global Stocks:

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

Caterpillar (CAT) downgraded to Underweight from Equal-Weight at Morgan Stanley; target $93

Freeport-McMoRan (FCX) upgraded to Sector Outperform from Sector Perform at Scotiabank; target $12.50

Twitter (TWTR) upgraded to Neutral from Underperform at Mizuho; target lowered to $28

United Micro (UMC) reported Q1 FY 2020 earnings of NT$0.19 per share (versus NT$0.02 per share in Q1 FY 2019), missing analysts' consensus estimate of NT$0.20 per share.

The company's quarterly revenues amounted to NT$42.268 bln (+29.7% y/y), beating analysts' consensus estimate of NT$41.703 bln.

NT$ - the New Taiwan dollar, the official currency used in Taiwan

UMC rose to $2.64 (+2.72%) in pre-market trading.

FXStreet notes that, as the early earnings results show, while many sectors are clearly suffering, there are few pockets out there that are thriving. The S&P 500 dipped 1.3% last week, Robert Kavcic from the Bank of Montreal reports.

“Earnings results continue to roll out, and the overall tone is downbeat, as you'd expect, with S&P 500 profits on track to fall about 20% y/y in Q1.” 

“The consensus bottom-up expectation is for S&P 500 earnings to drop roughly 13% y/y. Indeed, according to Bloomberg’s current tally, with about a quarter of the S&P 500 reporting, aggregate earnings are actually tracking down 16% y/y. A total of 68% have topped expectations, which is running lower than normal (typically in the mid-70s range).” 

“Expectations for Q2 continue to get ratcheted down. What was thought to be 7% y/y growth at the start of the year has now been scaled down to nearly -30% y/y for Q2.”

“The point is that traditional valuation metrics can lose much of their value when we’re in the pit of an earnings recession, and that’s just about where we are.”

April 27

Before the Open:

United Micro (UMC). Consensus EPS $.0.20, Consensus Revenues $41702.87 mln

April 28

Before the Open:

3M (MMM). Consensus EPS $2.01, Consensus Revenues $7855.45 mln

Caterpillar (CAT). Consensus EPS $1.67, Consensus Revenues $10978.64 mln

Merck (MRK). Consensus EPS $1.34, Consensus Revenues $11458.26 mln

Pfizer (PFE). Consensus EPS $0.71, Consensus Revenues $11354.93 mln

Yandex N.V. (YNDX). Consensus EPS RUB20.55, Consensus Revenues RUB47281.51 mln

After the Close:

Advanced Micro (AMD). Consensus EPS $0.18, Consensus Revenues $1791.64 mln

Alphabet (GOOG). Consensus EPS $10.75, Consensus Revenues $40336.52 mln

Ford Motor (F). Consensus EPS -$0.06, Consensus Revenues $31725.81 mln

Starbucks (SBUX). Consensus EPS $0.32, Consensus Revenues $5854.46 mln

April 29

Before the Open:

Boeing (BA). Consensus EPS -$1.46, Consensus Revenues $16904.43 mln

General Electric (GE). Consensus EPS $0.08, Consensus Revenues $20344.69 mln

MasterCard (MA). Consensus EPS $1.75, Consensus Revenues $4005.60 mln

After the Close:

eBay (EBAY). Consensus EPS $0.73, Consensus Revenues $2316.73 mln

Facebook (FB). Consensus EPS $1.76, Consensus Revenues $17537.02 mln

Microsoft (MSFT). Consensus EPS $1.25, Consensus Revenues $33740.56 mln

Qualcomm (QCOM). Consensus EPS $0.80, Consensus Revenues $5085.02 mln

Tesla (TSLA). Consensus EPS -$0.22, Consensus Revenues $5852.60 mln

April 30

Before the Open:

Altria (MO). Consensus EPS $0.99, Consensus Revenues $4513.78 mln

American Airlines (AAL). Consensus EPS -$2.28, Consensus Revenues $9011.45 mln

Dow (DOW). Consensus EPS $0.58, Consensus Revenues $9687.34 mln

Int'l Paper (IP). Consensus EPS $0.46, Consensus Revenues $5305.08 mln

McDonald's (MCD). Consensus EPS $1.57, Consensus Revenues $4686.47 mln

Twitter (TWTR). Consensus EPS $0.10, Consensus Revenues $772.77 mln

After the Close:

Amazon (AMZN). Consensus EPS $6.37, Consensus Revenues $73033.78 mln

Apple (AAPL). Consensus EPS $2.30, Consensus Revenues $55210.05 mln

United Airlines (UAL). Consensus EPS -$3.04, Consensus Revenues $8210.37 mln

Visa (V). Consensus EPS $1.35, Consensus Revenues $5754.45 mln

May 1

Before the Open:

Chevron (CVX). Consensus EPS $0.67, Consensus Revenues $30463.67 mln

Exxon Mobil (XOM). Consensus EPS $0.05, Consensus Revenues $58254.07 mln

Honeywell (HON). Consensus EPS $1.95, Consensus Revenues $8555.18 mln