Analytics, News, and Forecasts for CFD Markets: stock news — 22-05-2019.

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22.05.2019
20:25
Major US stock indexes finished trading in the red

Major US stock indexes fell moderately, as reports that Washington could impose sanctions on other Chinese companies increased trading concerns, while the fall in Qualcomm (QCOM) and retailers also had a negative impact on investor sentiment.

According to Bloomberg, the White House is considering banning five more Chinese companies from doing business with US companies without a license. This followed Washington’s decision to temporarily ease some trade restrictions imposed on China’s Huawei Technologies last week.

The South China Morning Post said that the ongoing trade war, as well as the restrictions imposed on the Chinese telecommunications giant Huawei, forced China to rethink all its economic relations with the United States. Finance Minister Stephen Mnuchin told CNBC that a trip to Beijing to resume trade negotiations has not yet been scheduled. This weakened hopes for a speedy resolution of the US-Chinese trade war.

Qualcomm shares (QCOM) collapsed by 10.86% after a US judge ruled that the chip maker violated antitrust laws, illegally suppressing mobile phone competition.

Retailers also came under pressure after the publication of quarterly results of companies in the sector. Shares of Lowe’s (LOW) fell by almost 12%, as the company's profit did not meet forecasts. The value of Nordstrom (JWN) shares, meanwhile, fell by 9.25%, as both the profit and revenue were worse than expected.

Investors also drew attention to the minutes of the last Fed meeting. At the last Fed meeting on April 30 - May 1, many of the leaders noted that they consider the current weakness of inflation as a temporary phenomenon. However, some of them expressed concern about what would happen if price pressure continued to deceive expectations, remaining low. In general, the minutes of the Fed meeting indicate that the current waiting position on interest rates is comfortable for the leadership of the central bank.

Most of the DOW components recorded a decline (18 out of 30). Outsider were shares of Apple Inc. (AAPL; -2.11%). The growth leader was the shares of The Coca-Cola Company (KO; + 2.16%).

Almost all sectors of the S & P finished trading in the red. Growth was shown only by the utility sector (+ 0.6%) and the health sector (+ 0.6%). The largest decline was shown by the conglomerate sector (-1.7%).

At the time of closing:

Dow 25,776.61 -100.72 -0.39%

S & P 500 2,856.27  -8.09 -0.28%

Nasdaq 100 7,750.84  -34.88 -0.45%

19:00
DJIA -0.22% 25,820.17 -57.16 Nasdaq -0.19% 7,770.94 -14.78 S&P -0.11% 2,861.20 -3.16
16:00
European stocks closed: FTSE 100 +5.27 7334.19 +0.07% DAX +25.27 12168.74 +0.21% CAC 40 -6.48 5378.98 -0.12%
13:34
U.S. Stocks open: Dow -0.27%, Nasdaq -0.31% S&P -0.26%
13:28
Before the bell: S&P futures -0.43%, NASDAQ futures -0.69%

U.S. stock-index futures fell on Wednesday, as increased trade worries and some disappointing earnings results from the retailers weighed on investor sentiment.


Global Stocks:

Index/commodity

Last

Today's Change, points

Today's Change, %

Nikkei

21,283.37

+10.92

+0.05%

Hang Seng

27,705.94

+48.70

+0.18%

Shanghai

2,891.70

-14.26

-0.49%

S&P/ASX

6,510.70

+10.60

+0.16%

FTSE

7,325.81

-3.11

-0.04%

CAC

5,360.80

-24.66

-0.46%

DAX

12,100.41

-43.06

-0.35%

Crude oil

$62.17


-1.52%

Gold

$1,274.80


+0.13%

13:13
Wall Street. Stocks before the bell

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

3M Co

MMM

166.5

-0.80(-0.48%)

4786

ALCOA INC.

AA

24.5

-0.24(-0.97%)

3752

ALTRIA GROUP INC.

MO

51.9

0.03(0.06%)

1218

Amazon.com Inc., NASDAQ

AMZN

1,849.25

-8.27(-0.45%)

34148

Apple Inc.

AAPL

183.97

-2.63(-1.41%)

266588

AT&T Inc

T

32.15

-0.26(-0.80%)

140991

Boeing Co

BA

356.63

-2.12(-0.59%)

14882

Caterpillar Inc

CAT

124.18

-0.77(-0.62%)

1147

Chevron Corp

CVX

120.92

-0.42(-0.35%)

2515

Cisco Systems Inc

CSCO

56.16

-0.36(-0.64%)

25550

Citigroup Inc., NYSE

C

65.79

-0.29(-0.44%)

15806

Exxon Mobil Corp

XOM

75.85

-0.40(-0.52%)

1889

Facebook, Inc.

FB

183.8

-1.02(-0.55%)

23239

Ford Motor Co.

F

10.17

-0.07(-0.68%)

17327

Freeport-McMoRan Copper & Gold Inc., NYSE

FCX

10.23

-0.12(-1.16%)

22637

General Electric Co

GE

9.89

-0.07(-0.70%)

98483

Goldman Sachs

GS

197.01

-2.10(-1.05%)

969

Google Inc.

GOOG

1,145.25

-4.38(-0.38%)

1875

Home Depot Inc

HD

189.81

-1.64(-0.86%)

15905

HONEYWELL INTERNATIONAL INC.

HON

168.58

-1.02(-0.60%)

1344

Intel Corp

INTC

44.25

-0.21(-0.47%)

46946

International Business Machines Co...

IBM

136.02

-0.43(-0.32%)

1000

Johnson & Johnson

JNJ

138

-0.12(-0.09%)

877

JPMorgan Chase and Co

JPM

111.09

-0.64(-0.57%)

1537

McDonald's Corp

MCD

199

-0.84(-0.42%)

2845

Merck & Co Inc

MRK

78.97

-0.53(-0.67%)

3651

Microsoft Corp

MSFT

126.3

-0.60(-0.47%)

32788

Nike

NKE

83.21

-0.43(-0.51%)

4477

Pfizer Inc

PFE

41.72

0.05(0.12%)

2548

Procter & Gamble Co

PG

106.16

-0.21(-0.20%)

1716

Starbucks Corporation, NASDAQ

SBUX

77.1

-0.43(-0.55%)

6003

Tesla Motors, Inc., NASDAQ

TSLA

198.5

-6.58(-3.21%)

278061

Twitter, Inc., NYSE

TWTR

37.34

-0.13(-0.35%)

24269

United Technologies Corp

UTX

135.16

-0.87(-0.64%)

3014

UnitedHealth Group Inc

UNH

249.25

-0.69(-0.27%)

5398

Verizon Communications Inc

VZ

58.87

-0.63(-1.06%)

27507

Visa

V

162.98

-0.88(-0.54%)

3068

Wal-Mart Stores Inc

WMT

101.45

0.33(0.33%)

6137

Walt Disney Co

DIS

133.5

-0.59(-0.44%)

13304

Yandex N.V., NASDAQ

YNDX

37.16

-0.26(-0.69%)

1100

12:42
Target price changes before the market open

Tesla (TSLA) target lowered to $191 from $238 at Citigroup; rating maintained at Sell

11:52
Company News: Target Corp. (TGT) quarterly earnings beat analysts’ estimate

Target Corp. (TGT) reported Q1 FY 2019 earnings of $1.53 per share (versus $1.32 in Q1 FY 2018), beating analysts’ consensus of $1.43.

The company’s quarterly revenues amounted to $17.627 bln (+5.0% y/y), generally in line with analysts’ consensus estimate of $17.490 bln.

The company also issued in-line guidance for Q2 and the full 2019 FY, projecting EPS of $1.52-1.72 (versus analysts' consensus estimate of $1.59) and $5.75-6.05 (versus analysts' consensus estimate of $5.84), respectively.

TGT rose to $76.80 (+6.73%) in pre-market trading.

11:18
Company News: Lowe's Companies (LOW) quarterly earnings miss analysts’ forecast

Lowe's Companies (LOW) reported Q1 FY 2019 earnings of $1.22 per share (versus $1.19 in Q1 FY 2018), missing analysts’ consensus of $1.33.

The company’s quarterly revenues amounted to $17.741 bln (+2.2% y/y), generally in line with analysts’ consensus estimate of $17.645 bln.

The company also issued guidance for FY 2019, projecting EPS of $5.45-5.65 (versus analysts’ consensus estimate of $6.05 and its prior guidance of $6.00-6.10) and revenues of +~2% y/y to ~$72.7 bln (versus analysts’ consensus estimate of $72.46 bln).

LOW fell to $102.11 (-8.09%) in pre-market trading.

00:30
Stocks. Daily history for Tuesday, May 21, 2019
Index Change, points Closed Change, %
NIKKEI 225 -29.28 21272.45 -0.14
Hang Seng -130.37 27657.24 -0.47
KOSPI 5.54 2061.25 0.27
ASX 200 24 6500.1 0.37
FTSE 100 18.04 7328.92 0.25
DAX 102.18 12143.47 0.85
Dow Jones 197.43 25877.33 0.77
S&P 500 24.13 2864.36 0.85
NASDAQ Composite 83.34 7785.72 1.08

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