Earnings season is in full bloom - Weekly Review, January 25-29

Earnings season is in full bloom - Weekly Review, January 25-29

Corporate earnings took the stage, overshadowing economic readings

Monday: TECH100 closed at a record high, after it went up 0.69%, as it eyed corporate earnings. However, the European markets closed lower, with Germany30 reporting one of the most significant decreases – 1.66% - as the country considered another national lockdown.

TSMC stock price gained 1.19% after the company announced that it would increase the auto chip production if possible, after talks with the country’s Minister Wang Mei-hua.

Seagate started the week on the wrong foot, as its stock price lost 6.3% after mixed quarterly earnings. The company reported an EPS of $1.29 on $2.62 billion revenues – a figure lower than that reported a year ago, $2.7 billion.

After the pandemic-induced demand for personal care products surged, Kimberly-Clark’s Q4 2020 earnings came in higher-than-expected. The EPS of $1.69 on $4.84 billion revenues translated to a stock price gain of 1.67%.

Tuesday: The Asian markets closed lower as the news of a delayed US stimulus package travelled across the ocean. Japan225 lost 0.82%, while HongKong45 slipped 2.31%.

The Italian Prime Minister Giuseppe Conte was set to hand in his resignation after COVID-19 criticism despite having government’s vote of confidence. Markets slightly reacted to the news, Italy40 adding 0.21%, while EUR/USD was at 1.2128.

UBS, the largest wealth manager in the world, posted higher-than-expected Q4 2020 figures. In the past quarter, the bank had a net income of $1.71 billion. So far, its stock price is up 3%.

JNJ stock price gained 2% after it reported quarterly figures higher than the EPS and revenues consensus. In Q4, Johnson & Johnson had an EPS of $1.86 on revenues of $22.48 billion.

Wednesday: As the FED announced that it would keep the monetary policies unchanged, the stocks had a most significant one-day percentage drop in three months. USA30 lost 2.05%, while USA500 lost 2.57%. Gold settled at $1,844.90 per ounce after it traded 0.3% lower.

Microsoft’s actual fiscal second-quarter figures and guidance beat expectations. The tech behemoth reported an adjusted EPS of $2.03 on revenues of $43.08 billion. It expected its revenues to reach $41.25 billion. Following the news, Microsoft stock price added 1.22%.

AMD stock price traded 0.62% higher after it reported an adjusted EPS of $0.52 on revenues of $3.24 billion. Both figures topped the market consensus.

Even though it had a mixed earnings report, Starbucks stock price closed 1.20% higher. It reported an EPS of $0.61 on revenues of $6.75 billion. The latter missed the $6.93 billion mark expected.

Thursday: Two new IPOs were ready to hit the markets: Qualtrics, and Ortho Clinical Diagnostics. Read more about them here!

The weekly number of unemployment claims came in lower-than-expected at 847,000. The market was looking for 880,000 people to be jobless in the week ended January 23.

According to the Bureau of Economic Analysis, the US GDP increased 4% in the final quarter of 2020, lower than the 4.2% expected.

The results didn’t go unnoticed by the markets, Crude oil trading 0.7% lower at $52.50 per barrel, and Brent falling 0.6% to $55.20 a barrel.

Friday: For the fiscal first quarter, Visa had an EPS of $1.42 on revenues of $5.69 billion, both figures coming ahead of the consensus. After the news hit the wires, the company’s stock price added 0.9%.

Qualtrics, one of the latest companies to become a publicly traded one surged on its NASDAQ debut. The company closed the trading session 52% higher than its initial offering price, reaching a $27.3 billion market valuation.

Johnson & Johnson ended the week 4% lower as it turned out its COVID-19 vaccine is overall only 66% effective against COVID-19.

On the other hand, Novavax revealed that its vaccine candidate is 89% effective, pushing the stock price 23% higher following the news.

Find out more on CAPEX.com!

Sources: cnbc.com, forexfactory.com, investing.com, reuters.com

Le informazioni contenute nel presente documento sono redatte da CAPEX.com e non costituiscono né devono essere interpretate come suggerimenti di investimento. Le informazioni di cui al presente documento costituiscono comunicazioni di marketing generali a scopo informativo e, in quanto tali, non sono state preparate nel rispetto dei requisiti di legge che promuovono le ricerche di investimento indipendenti. Inoltre, non sono soggette ad alcuna limitazione sulle transazioni condotte in anticipo rispetto alla divulgazione delle ricerche di investimento in questione.

Gli utenti / lettori non dovrebbero fare affidamento esclusivamente sulle informazioni qui presentate e dovrebbero fare le proprie ricerche / analisi anche leggendo la ricerca reale sottostante. Il contenuto è generico e non tiene conto di circostanze personali individuali, esperienza di investimento o situazione finanziaria attuale.

Pertanto, Key Way Investments Ltd non accetta alcuna responsabilità per eventuali perdite di trader a causa dell'uso e del contenuto delle informazioni presentate nel presente documento. Le performance passate non sono un indicatore affidabile dei risultati futuri.
Strumenti più influenzati
arrow
OIL (Crude Oil)
oil chart
arrow
GOLD
gold chart
arrow
USA500
usa500 chart
arrow
USA30
usa30 chart
arrow
STARBUCKS
starbucks chart
arrow
MICROSOFT
microsoft chart
arrow
VISA
visa chart
arrow
JnJ
jnj chart
arrow
AMD
amd chart
arrow
TECH100
tech100 chart
arrow
Germany30
germany30 chart
arrow
Taiwan Semi
taiwansemi chart
arrow
Seagate
seagate chart
arrow
Kimberly Clark
kimberlyc chart
arrow
JAPAN225
japan225 chart
arrow
HongKong45
hongkong45 chart
arrow
EUR/USD
eurusd chart
arrow
UBS
ubs chart
arrow
Italy40
italy40 chart
arrow
Novavax Inc
novavax chart
Condividi quest'articolo