Analytics, News, and Forecasts for CFD Markets: stock news — 16-05-2019.

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16.05.2019
20:21
Major US stock indexes finished trading in positive territory

Major US stock indexes rose significantly against the background of solid quarterly results from Cisco Systems (CSCO) and Walmart (WMT), as well as optimistic macroeconomic data indicating the strength of the US economy.

Cisco reported a profit of $ 0.78 per share, which was $ 0.01 higher than the Wall Street estimate. The company's revenue also slightly exceeded analysts' expectations. In addition, Cisco presented strong forecasts for the main indicators for the current quarter. Shares of CSCO rose 6.75%.

Walmart showed adjusted quarterly earnings of $ 1.13 per share, up $ 0.11 per share from Wall Street forecasts. However, revenues were below expectations, mainly due to currency fluctuations. But comparable sales in Walmart stores in the US rose by 3.4%, which was higher than the consensus forecast of Refinitiv at + 3.3%. The value of WMT shares jumped 1.43%.

The Ministry of Labor reported that the number of applications for unemployment benefits fell more than expected last week, indicating a steady strength of the labor market, which should support the economy in the face of slower growth. According to the report, the number of applications for unemployment benefits fell by 16,000 to 212,000, taking into account seasonal fluctuations for the week ending May 11. The data for the previous week was unchanged. Economists predicted that last week the number of applications for benefits would fall to 220,000.

A report by the Department of Commerce showed that US housing construction rose more-than-expected in April. According to the report, housing construction increased by 5.7% in April to an annual rate with seasonal fluctuations of 1,235 million units, which was due to an increase in the construction of both single and multi-family residential buildings. Data for March was revised to show housing growth to 1.168 million units instead of falling to 1.139 million units, as previously reported. At the same time, building permits rose 0.6% to 1.296 million units in April. Building permits declined for three consecutive months. Single-family housing permits, however, fell for the fifth consecutive month, indicating a moderation in housing in the coming months. Economists predicted that the number of new homes in April will increase to 1.205 million units.

Investors are also closely monitoring developments in the US-China trade relations. Yesterday it became known that the US delegation is planning to visit Beijing at the end of this month to continue trade negotiations. These plans have not changed, despite reports that the US Department of Commerce has put Huawei Technologies Co and its related companies on its blacklist, which will make it harder for the Chinese telecommunications giant to do business with US companies. The ministry reported that they believe that Huawei’s free activities in the United States threaten the country's national security. China harshly criticized the decision of the US government regarding Huawei and said it would take steps to protect its companies.

Most of the components of DOW finished trading in positive territory (23 of 30). The outsider was 3M Co. (MMM; -1.27%). The leader of growth were shares of Cisco Systems, Inc. (CSCO; + 6.75%).

After all sectors of the S & P recorded an increase. The largest growth was shown by the conglomerate sector (+ 2.2%). Only the utility sector decreased (-0.1%).

At the time of closing:

Dow 25,862.68 +214.66 + 0.84%

S & P 500 2,876.32 +25.36 + 0.89%

Nasdaq 100 7,898.05 +75.90 + 0.97%

19:00
DJIA +0.92% 25,885.15 +237.13 Nasdaq +1.15% 7,911.97 +89.83 S&P +1.10% 2,882.27 +31.31
16:00
European stocks closed: FTSE 100 +56.56 7353.51 +0.78% DAX +210.80 12310.37 +1.74% CAC 40 +73.85 5448.11 +1.37%
13:34
U.S. Stocks open: Dow +0.43%, Nasdaq +0.15% S&P +0.33%
13:28
Before the bell: S&P futures +0.29%, NASDAQ futures +0.02%

U.S. stock-index futures rose slightly, as investors weigh strong earnings from Cisco Systems (CSCO) and Walmart (WMT) against lingering trade-war fears.


Global Stocks:

Index/commodity

Last

Today's Change, points

Today's Change, %

Nikkei

21,062.98

-125.58

-0.59%

Hang Seng

28,275.07

+6.36

+0.02%

Shanghai

2,955.71

+17.03

+0.58%

S&P/ASX

6,327.80

+43.60

+0.69%

FTSE

7,316.02

+19.07

+0.26%

CAC

5,391.44

+17.18

+0.32%

DAX

12,174.27

+74.70

+0.62%

Crude oil

$1,291.10


-0.52%

Gold

$62.89


+1.40%

12:52
Wall Street. Stocks before the bell

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


ALCOA INC.

AA

25.3

0.29(1.16%)

4577

ALTRIA GROUP INC.

MO

52.28

0.15(0.29%)

3350

Amazon.com Inc., NASDAQ

AMZN

1,885.50

14.35(0.77%)

79442

Apple Inc.

AAPL

190.2

-0.72(-0.38%)

281264

AT&T Inc

T

31.3

0.05(0.16%)

98582

Boeing Co

BA

348.2

2.56(0.74%)

17179

Caterpillar Inc

CAT

128.29

0.99(0.78%)

4025

Chevron Corp

CVX

121.15

0.20(0.17%)

15962

Cisco Systems Inc

CSCO

54.25

1.81(3.45%)

264281

Citigroup Inc., NYSE

C

65.2

0.33(0.51%)

6151

Deere & Company, NYSE

DE

145

0.16(0.11%)

690

Facebook, Inc.

FB

186.8

0.53(0.28%)

92902

Ford Motor Co.

F

10.33

-0.03(-0.29%)

42929

Freeport-McMoRan Copper & Gold Inc., NYSE

FCX

11.08

0.23(2.12%)

61276

General Electric Co

GE

10.27

0.01(0.10%)

41856

Goldman Sachs

GS

197.5

1.10(0.56%)

2514

Google Inc.

GOOG

1,169.55

5.34(0.46%)

7160

Hewlett-Packard Co.

HPQ

18.8

0.07(0.37%)

508

Home Depot Inc

HD

193.09

1.33(0.69%)

4963

Intel Corp

INTC

45.64

0.02(0.04%)

42281

International Business Machines Co...

IBM

134.94

0.54(0.40%)

1049

Johnson & Johnson

JNJ

137.49

0.58(0.42%)

1864

JPMorgan Chase and Co

JPM

110.5

0.60(0.55%)

4860

McDonald's Corp

MCD

199.7

0.63(0.32%)

1467

Merck & Co Inc

MRK

77.57

0.02(0.03%)

117

Microsoft Corp

MSFT

126.62

0.60(0.48%)

73648

Nike

NKE

84.4

0.39(0.46%)

2263

Pfizer Inc

PFE

41.35

0.20(0.49%)

15003

Procter & Gamble Co

PG

106.74

0.04(0.04%)

2426

Starbucks Corporation, NASDAQ

SBUX

77.99

0.23(0.30%)

1426

Tesla Motors, Inc., NASDAQ

TSLA

231

-0.95(-0.41%)

53018

The Coca-Cola Co

KO

49.33

0.15(0.31%)

7113

Twitter, Inc., NYSE

TWTR

38.05

0.15(0.40%)

75467

United Technologies Corp

UTX

134.2

0.96(0.72%)

100

UnitedHealth Group Inc

UNH

237.27

1.19(0.50%)

913

Verizon Communications Inc

VZ

57.02

0.21(0.37%)

26618

Visa

V

163.34

0.80(0.49%)

6187

Wal-Mart Stores Inc

WMT

103

3.12(3.12%)

748186

Walt Disney Co

DIS

135.42

0.74(0.55%)

20006

Yandex N.V., NASDAQ

YNDX

36.26

-0.05(-0.14%)

2020

11:17
Company News: Wal-Mart (WMT) quarterly earnings beat analysts’ estimate

Wal-Mart (WMT) reported Q1 FY 2020 earnings of $1.13 per share (versus $1.14 in Q1 FY 2019), beating analysts’ consensus of $1.02.

The company’s quarterly revenues amounted to $122.949 bln (+1.1% y/y), missing analysts’ consensus estimate of $124.509 bln.

WMT rose to $100.48 (+0.60%) in pre-market trading.

11:03
Company News: Cisco Systems (CSCO) quarterly earnings beat analysts’ forecast

Cisco Systems (CSCO) reported Q3 FY 2019 earnings of $0.78 per share (versus $0.66 in Q3 FY 2018), beating analysts’ consensus of $0.77.

The company’s quarterly revenues amounted to $12.958 bln (+4.0% y/y), generally in line with analysts’ consensus estimate of $12.887 bln.

The company also issued in-line guidance for Q4, projecting EPS of $0.80-0.82 (versus analysts’ consensus estimate of $0.81) and revenues of +4.5-6.5% to ~$13.21-13.46 bln (versus analysts’ consensus estimate of $13.29 bln).

CSCO rose to $54.25 (+3.45%) in pre-market trading.

00:30
Stocks. Daily history for Wednesday, May 15, 2019
Index Change, points Closed Change, %
NIKKEI 225 121.33 21188.56 0.58
Hang Seng 146.69 28268.71 0.52
KOSPI 10.94 2092.78 0.53
ASX 200 44.3 6284.2 0.71
FTSE 100 55.35 7296.95 0.76
DAX 107.95 12099.57 0.9
Dow Jones 115.97 25648.02 0.45
S&P 500 16.55 2850.96 0.58
NASDAQ Composite 87.66 7822.15 1.13

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