Trade review: current reports, trends, indices, stock prices, bonds, foreign exchange and commodities and analyst recommendations
23:00
Green lock on Wall Street: The Nasdaq jumped 1.5%, the Dow Jones rose 0.6% and the S&P 500 added about 1.1% to its value.
The electric car manufacturer Tesla which earned the title of “lagging behind” among the major technology stocks (Microsoft, Apple, Google, Meta, Amazon, Netflix, Nvidia and Tesla), published its financial results for the first quarter of the year.
The company reported revenues of $21.3 billion, thus missing analysts’ forecasts of $22.22 billion, compared to the corresponding period. This is the sharpest drop the company has shown in the revenue line since 2012. In the line of earnings per share, the company reported a profit of 45 cents per share and missed the early expectation of a profit of 51 cents per share, according to FactSet.
21:21
Company stock G.I. Aerospace jumps sharply after the company recorded a profit of 82 cents per share in the first quarter of the year and presented revenues that stood at around 16.1 billion dollars. Analysts expected earnings per share of 65 cents and revenues of around $15.14 billion.
On the other hand, a company UPS It posted a profit of 1.43 per share, above analysts’ forecasts, but disappointed early expectations in the revenue line.
In the American debt market, government bond yields are falling at this time. The yield on the 10-year US bond is trading around 4.59%. Against the background of the drop in yields – earlier the Purchasing Managers’ Index in the manufacturing sector for the month of April was published, which dropped below 50 points and missed the early prospect.
19:46
The positive trend on Wall Street continues. The Nasdaq is up 1.6%, the S&P 500 is up 1.2% and the Dow Jones is up 0.7%.
As part of the report season, the car manufacturer General Motors announced that the company’s revenues amounted to approximately 43 billion dollars in the first quarter of the year and the profit per share was 2.62 dollars per share. Early forecasts expected revenue of $41.9 billion and earnings per share of $2.15. The company’s forecasts for the future were also positive.
also PepsiCo presented a strong report when it reported earnings of $1.61 per share when analysts expected earnings per share to be $1.52.
In the commodity market, oil prices jump at this hour by more than 1%. The price of a Brent barrel is 88 dollars.
18:43
European stock markets closed in a positive trend. The Dax jumped 1.6%, the FTSE rose 0.2% and the French CAC added 0.8% to its value.
18:05
The gains on Wall Street are getting stronger. The Nasdaq jumps 1.3%, the S&P 500 adds about 1% to its value and the Dow Jones rises 0.6%.
Chip and AI stocks are trading in a positive trend. Nvidia jumps by about 3%, Super Micro Computer flies at 9% andAMD increases by more than 2%.
The manufacturer of electric cars Tesla which earned the title of “lagging behind” among the major technology stocks (Microsoft, Apple, Google, Meta, Amazon, Netflix, Nvidia and Tesla), is going to publish its financial results tonight, and the analysts are not optimistic.
The weak forecasts for the company’s reports are not really surprising after a series of disappointing news that Tesla published in the last year that were also reflected in the performance of its stock, which plunged by about 40% just since the beginning of the year and its price has reached its lowest point since January 2023.
According to estimates, Tesla is expected to present tonight total revenues of 22.2 billion dollars, a decrease of 5% compared to the period last year. If the forecast is in line with the company’s results, this will be the first time that Tesla will show a decrease in revenues since the second quarter of 2020, when the company’s revenues were damaged in light of the outbreak of the Corona epidemic. At the same time, the estimates are that Tesla will present a profit of 42 cents per share.
17:00
US Macro: The Purchasing Managers’ Index in the manufacturing sector fell in April to 49.9 points. The early expectation was 52 points. At the same time, the purchasing managers’ index in the services sector dropped to 50.9 points in April from 51.7 points in the previous month (expected: 52 points)
16:30
Trading on Wall Street opened with a positive trend. The Nasdaq rises 0.6%, the S&P 500 adds 0.4% to its value and the Dow Jones rises 0.2%.
Spotify’s stock is jumping sharply after it surprised analysts’ forecasts in the line of profit and revenue in its financial reports for the first quarter of the year. At the same time, the company provided encouraging forecasts for the second quarter reports of the year.
14:30
In the European stock markets, the gains are strengthening. The FTSE index climbs by 0.6%, the DAX jumps by 1.2%, and the CAC rises by 0.8%.
American Airlines Stock Jet Blue Falling 9% in early Wall Street trading after cutting its revenue forecast to negative later in 2024.
iPhone sales in China weakened by 19%, according to a report published today. Despite this and the weak data of Maniyat Dark at Bank of America they continue to believe that she will make a comeback and declared her the “promise of the year”.
After climbing in the morning, oil prices are now falling. American oil decreases by 0.5% and stands at 81.5 dollars per barrel, and Brent oil weakens by 0.4% and the price of a barrel stands at 86.6 dollars.
12:15
In Europe, the green trend continues. The FTSE index increases by 0.3%, the DAX adds 0.6%, and the KAC increases by 0.3%.
The British Potsey Index crossed the all-time high this morning. The index reached a record high of 8067.73 points, after closing four consecutive days of gains last night. In doing so, the index broke the last record set, on February 20, 2023.
Government bond yields in the US are rising slightly: the yield on the ten-year bond is up by one basis point, to 4.63%, and the two-year bond yield is up by about 2 basis points to about 4.98%.
Wall Street futures are up slightly, Nasdaq contracts are up about 0.2%, and S&P 500 contracts are up 0.1%.
Tesla reports will be published tonight after the close of trading on Wall Street.
Oil prices continue to rise. American oil adds about 0.6% and stands at $82.4 per barrel, and Brent oil rises at a similar rate and the price of a barrel stands at about $87.5.
10:20
European stock markets opened with higher rates. The British FTSE rises 0.6%, the German DAX adds 0.8%, and the French CAC rises 0.3%.
In Asia, the Nikkei index rose by about 0.3%, the Hang Seng index jumped by about 1.9%, the Kospi fell by 0.2%, the Shenzhen index weakened by 0.6% and the Shanghai Stock Exchange fell by 0.7%.
8:00
Asian stock markets are currently trading in a mixed trend: the Nikkei index rises by about 0.4%, the Hang Seng index jumps by about 1.7%, the Kospi trades unchanged, the Shenzhen index weakens by 0.8% and the Shanghai Stock Exchange falls by 0.4%.
Last night trading on Wall Street closed in a positive trend, the Dow rose by about 0.7%, the S&P 500 added about 0.9%, the Nasdaq climbed by about 1.1%. Nvidia’s stock rose by about 4.3% yesterday after losing about 14%
Trading in the futures contracts on US stock market indices is conducted with slight declines, the contracts on the Nasdaq index weaken by 0.1%.
There is an increase in the main currency of the crypto market. Bitcoin rises by about 1% and its price is about 66.5 thousand dollars. Ethereum, on the other hand, weakened slightly by about 0.2% and its price now stands at about $3,190.
Oil prices are now increasing, American oil adds about 0.5% to the level of 82.3 dollars per barrel, and Brent oil rises at a similar rate and the price of a barrel stands at about 87.4 dollars.
The price of gold decreases by about 1%, and stands at about $2,320 per ounce.
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