Thursday, January 26, 2017

Analysis mid-session AOF Wall Street – New all-time high for the Dow Jones – Le Figaro

(AOF) – The stock markets americans evolve in order dispersed on the approach of the mid-session. Investors catching their breath after the new records obtained yesterday. Well oriented, the Dow Jones has reached a new all-time high of 20 125 points. The Nasdaq, however, has suffered in particular bad results of Qualcomm. The company accounts are, in effect, to the honour of Wall Street. Mattel lost nearly 15% after the disappointing figures, while eBay jumped 7%. Around 17: 30, the Dow Jones rose 0.21 per cent to 20 110,36 points while the Nasdaq yield 0.03% to 5 654,87 points.

Qualcomm (-5,31% 53,88$ ) displays one of the largest declines in the S&P 500, with investors worrying about the impact of its dispute with Apple. The latter has filed a complaint a few days ago, believing that the specialist chips for smartphones makes paying too much for its products and refuse to grant approximately $ 1 billion of delivery, as it was intended. This topic has monopolized the attention of investors during the conference call that followed the quarterly results from Qualcomm.

The economic figures of the day

536 000 new homes were sold in December in the United States. Economists had forecast 589 000 after 598 000 in November (revised figure of 592 000).

The index of leading indicators from the Conference Board rose 0.5% in December. Economists were expecting an increase of 0.5% following the 0.1% rise recorded in November (revised figure of zero growth).

The index of business activity of purchasing managers in the services in the United States as measured by IHS Markit amounted to 55.1 in January after, to 53.9 in December.

259 000 entries in unemployment have been recorded in the United States last week, compared to 237 000 in the previous week (revised figure of 234 000). The consensus Reuters was 247 000.

The values to be followed today

AT&T
AT&T saw its net profit drop of 40% in the fourth quarter, to $ 2.4 billion, or 39 cents per share. Excluding exceptional items, the earnings per share in the telecoms group rose to 66 cents, in line with expectations of analysts. Quarterly revenue, AT&T has only very slightly, a 0.7%, to 41.8 billion dollars. Analysts surveyed by Zacks Investment Research were anticipating, however, 42.1 billion. Finally, AT&T has indicated that 2.8 million new customers were subscribers in the fourth quarter for its wireless offerings.

BAKER HUGHES
in The fourth quarter, Baker Hughes has significantly reduced its net loss, which went from over a billion to 417 million, or -98 cents per share. Excluding exceptional items, the group of oil services, in the course of the merger with General Electric, has recorded a loss per share of 30 cents. Analysts surveyed by Zacks Investment Research were much more optimistic and focused at a loss of 12 cents per title. The income for Baker Hughes fell to 29% in the fourth quarter to $ 2.4 billion against a consensus of 2.37 billion.

BRISTOL-MYERS SQUIBB
Bristol-Myers Squibb has unveiled a quarterly net profit below expectations, but sales better than expected. In the fourth quarter of 2016, the pharmaceutical group of the us, has posted a net profit of 894 million, or 53 cents per share, compared to a net loss of 197 million, or -12 cents per share, a year earlier. Excluding exceptional items, EPS came in at 63 cents, compared with a FactSet consensus of 67 cents. The sales of Bristol-Myers Squibb rose from 4.29 to 5.24 billion. Wall Street was counting on 5.12 billion.

CATERPILLAR
Caterpillar has widened its net loss in the fourth quarter, to 1.35 billion dollars, or -2 dollars per share. Excluding exceptional items, the manufacturer of construction machinery, has recorded an earnings per share of 83 cents, against a consensus FactSet of 63 cents. The quarterly sales of Caterpillar have dropped on their side-9.57 billion dollars, whereas analysts had been pencilling in 9,94 billion. For 2017, the Caterpillar state of the prospects in line with the expectations of analysts, or about $ 38 billion of revenue.

DOW
the Dow Chemical company, will merge with DuPont, has released quarterly results exceeded expectations. In the fourth quarter, the american chemist has accused a net loss of $ 33 million, or 3 cents per share, compared with a profit of 3.53 billion, or 2,94 dollars, a year earlier. Excluding exceptional items, EPS came in at 99 cents, up 6%. Analysts expected 88 cents. The turnover has climbed from 14% to 13,02 billion. The consensus gave it to 12.38 billion.

EBAY
The world number one of the online auction eBay has unveiled accounts in line with expectations in the fourth quarter. Ebay reported net income 5.93 billion, or $ 5,30 $ per share. Excluding exceptional items, earnings per share amounted to 54 cents, in line with the consensus Thomson Reuters. Revenues were up to their side of 2% at 3,295 billion, in line with expectations. The value of the transactions carried out on the different sites of the group increased 2% to $ 22.3 billion.

FCA
In 2016, Fiat Chryler Automobiles has recorded record results. Its net income rose to $ 1.8 billion against € 93 million in 2015. Adjusted net income for the auto manufacturer, italo-american has jumped by 47% with an Ebit-adjusted, an increase of 26%, to $ 6.05 billion euros, against a target of 5.8 billion euros. The turnover amounted to 111 billion euros, compared with a FactSet consensus to 111.5 billion. Last year, the group has managed to reduce its net debt industrial less than $ 5 billion since it appears to 4.6 billion euros.

FORD
in The fourth quarter, Ford Motor reported a net loss of 0.8 billion euros compared to a loss of $ 2.7 billion in 2015. Excluding exceptional items, earnings per share came in at 30 cents, in line with expectations. The income of the u.s. car manufacturer, amounted them to $ 38.7 billion, up from $ 40.3 billion one year before. The FactSet consensus called for sales of $ 35 billion.

JOHNSON & JOHNSON
Actelion has finished by giving in to the advances of Johnson & Johnson. Under several weeks of discussions, the biotech switzerland has accepted the offer of $ 30 billion of the american giant of the health. The offer, fully paid-in in cash, valuing Actelion to $ 280 per share, or 280,08 swiss francs, representing a premium of 23% compared to the closing price of Wednesday, but of over 109% compared to its price before the first rumors of an interest of Johnson & Johnson.

MATTEL
The toy manufacturer Mattel, the father of the famous Barbie, has reported a net profit of 173.8 million dollars in its fourth quarter, down 19%. Its earnings per share amounted to 50 cents. Once adjusted for exceptional items, it rose to 52 cents, well below the FactSet consensus of 71 cents per title. The quarterly sales of Mattel were also disappointing : decreased 8% (-6% at constant exchange rates), they came to 1.83 billion dollars, whereas they were expected to be $ 1.96 billion

QUALCOMM
The specialist chips for smartphones, Qualcomm has unveiled yesterday evening disappointing earnings. In the first quarter, which closed at the end of December, its net profit was down 54% to 682 million dollars, or 46 cents per share. His accounts were affected by a charge of $ 868 million related to the fine by the competition authorities in south korea for anti-competitive practices. Restated for exceptional items, earnings per share came in at 1.19 dollar, or 1 cent better than the consensus Thomson Reuters.

WHIRLPOOL
in The aftermath of the announcement of the restructuring of its european operations, which will close its French factory in Amiens, the manufacturer of home appliances Whirlpool reported a stable profit in the fourth quarter, to $ 180 million. Earnings per share amounted to 2.36 dollars. Excluding exceptional items, it amounts to 4.33 dollars. Finally, the quarterly sales of Whirlpool were up 2% at constant exchange rates, to $ 5.7 billion.

2017 Agence Option Finance (AOF) – All rights reserved by AOF. AOF collects its data from sources it considers to be most safe. However, the reader remains solely responsible for their interpretation and use of the information made available to it. So the reader should take AOF and its contributors harmless from any claim resulting from this use. Agence Option Finance (AOF) is a trademark of the groupe Option Finance

LikeTweet

No comments:

Post a Comment