Analytics, News, and Forecasts for CFD Markets: stock news — 31-07-2019.

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31.07.2019
20:14
Major US stock indexes finished trading below zero

Major US stock indexes have declined significantly, a catalyst for which were the outcome of the Fed meeting and statements by Fed Chairman Powell, who made it clear that lowering the rate is not the beginning of a long mitigation cycle, but an adjustment in the middle of the cycle,

The Fed lowered the rate by 25 bp, as market participants expected. For such a decision were all, except for two members of the FOMC. The Fed described the state of the economy as strong, but also said that “in the light of the consequences of events in the world, for the prospects of the economy and restrained inflationary pressure”, lowering rates is now the right step. This is the first reduction in rates under the chairmanship of Powell, as well as the first decrease since the end of 2008, when the Central Bank lowered rates to almost zero / The Fed statement indicated that the labor market remains strong and economic growth continues at a moderate pace, while continue to spend cash.

Meanwhile, Fed Chairman Powell said that lowering rates should be viewed as a “mid-cycle adjustment” that will help the economy develop as the Fed wants. Powell noted that he thinks that in general, a change in the Fed's monetary policy this year from hard to soft will help the economy. He added that lowering the rate would “work through trust channels,” as well as by reducing the cost of short-term borrowing.

In addition, the last round of trade negotiations between the US and China ended on Wednesday without any major breakthrough. The Chinese Ministry of Commerce reported that both sides will meet again in Washington in September.

Market participants also analyzed a report from ADP, which showed that employment in the private sector increased by 156,000 jobs in July, after rising by 112,000 jobs in June. Economists predicted that employment would increase by 150,000 jobs, compared with the addition of 102,000 jobs that were originally reported in the previous month.

Most of the components of DOW finished trading in the red (26 out of 30). The outsider was Microsoft Corporation (MSFT; -2.70%). The leader of growth were shares of Apple Inc. (AAPL; + 2.57%).

Almost all sectors of the S & P recorded a decline. The largest decline was shown by the technology sector (-1.2%). Only the conglomerate sector grew (+ 0.3%).

At the time of closing:

Dow 26,864.27 -333.75 -1.23%

S & P 500 2,980.38  -32.80 -1.09%

Nasdaq 100 8,175.42 -98.19 -1.19%

19:00
DJIA -1.07% 26,907.49 -290.53 Nasdaq -1.14% 8,179.24 -94.37 S&P -1.28% 2,974.61 -38.57
16:00
European stocks closed: FTSE 100 7,586.78 -59.99 -0.78% DAX 12,189.04 +41.80 +0.34% CAC 40 5,518.90 +7.83 +0.14%
13:32
U.S. Stocks open: Dow +0.16, Nasdaq +0.16% S&P +0.05%
13:28
Before the bell: S&P futures +0.19%, NASDAQ futures +0.40%

U.S. stock-index futures rose moderately on Wednesday, as investors cheered strong quarterly results/guidance from Apple (AAPL),while awaiting the Federal Reserve’s latest monetary policy decision.


Global Stocks:

Index/commodity

Last

Today's Change, points

Today's Change, %

Nikkei

21,521.53 

-187.78

-0.86%

Hang Seng

27,777.75 

-368.75

-1.31%

Shanghai

2,932.51 

-19.83

-0.67%

S&P/ASX

6,812.60 

-32.50

-0.47%

FTSE

7,604.78 

-41.99

-0.55%

CAC

5,522.18 

+11.11

+0.20%

DAX

12,190.51 

+43.27

+0.36%

Crude oil

$58.60


+0.95%

Gold

$1,442.30


+0.03%

12:49
Wall Street. Stocks before the bell

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


3M Co

MMM

178

0.37(0.21%)

302

ALTRIA GROUP INC.

MO

48.56

0.06(0.12%)

3959

Amazon.com Inc., NASDAQ

AMZN

1,902.00

3.47(0.18%)

23490

Apple Inc.

AAPL

216.73

7.95(3.81%)

707599

Boeing Co

BA

348.5

1.04(0.30%)

5648

Caterpillar Inc

CAT

133.28

0.33(0.25%)

689

Cisco Systems Inc

CSCO

56.3

-0.17(-0.30%)

12180

Exxon Mobil Corp

XOM

75.26

-0.09(-0.12%)

1301

Facebook, Inc.

FB

197.31

0.27(0.14%)

36097

Ford Motor Co.

F

9.54

-0.01(-0.10%)

7989

General Electric Co

GE

10.9

0.38(3.61%)

10586822

General Motors Company, NYSE

GM

40.46

0.03(0.07%)

1621

Goldman Sachs

GS

221.96

0.56(0.25%)

3777

Google Inc.

GOOG

1,225.08

-0.06(-0.00%)

2662

Intel Corp

INTC

51.52

-0.18(-0.35%)

12673

International Business Machines Co...

IBM

149.98

0.21(0.14%)

1541

Johnson & Johnson

JNJ

132.51

0.43(0.33%)

1133

JPMorgan Chase and Co

JPM

115.69

0.10(0.09%)

475

McDonald's Corp

MCD

212.95

0.61(0.29%)

2479

Merck & Co Inc

MRK

83.52

0.25(0.30%)

3304

Microsoft Corp

MSFT

140.58

0.23(0.16%)

27560

Nike

NKE

87.49

0.29(0.33%)

252

Pfizer Inc

PFE

38.97

0.18(0.46%)

58771

Procter & Gamble Co

PG

119.85

-0.56(-0.47%)

6635

Starbucks Corporation, NASDAQ

SBUX

96.68

0.03(0.03%)

6341

Tesla Motors, Inc., NASDAQ

TSLA

243.79

1.53(0.63%)

24097

The Coca-Cola Co

KO

53.78

0.06(0.11%)

3111

Twitter, Inc., NYSE

TWTR

41.1

0.10(0.24%)

19011

UnitedHealth Group Inc

UNH

256.3

1.37(0.54%)

2481

Verizon Communications Inc

VZ

56.75

0.12(0.21%)

4337

Visa

V

182.36

0.83(0.46%)

4879

Wal-Mart Stores Inc

WMT

112.31

0.25(0.22%)

316

Walt Disney Co

DIS

145.45

0.52(0.36%)

6716

Yandex N.V., NASDAQ

YNDX

39.04

0.17(0.44%)

18631

12:46
Target price changes before the market open

Apple (AAPL) target raised to $240 from $230 at BofA/Merrill

Apple (AAPL) target raised to $265 from $245 at Monness Crespi & Hardt

11:45
Company News: General Electric (GE) quarterly earnings beat analysts’ forecast

General Electric (GE) reported Q2 FY 2019 earnings of $0.17 per share (versus $0.19 in Q2 FY 2018), beating analysts’ consensus estimate of $0.12.

The company’s quarterly revenues amounted to $28.831 bln (-1.1% y/y), in line with analysts’ consensus estimate of $28.833 bln.

The company also raised its FY 2019 EPS guidance to $0.55-0.65 from $0.50-0.60 (versus analysts’ consensus estimate of $0.59) and raised Industrial Segment Organic Revenue Growth to mid-single-digit growth from low- to mid-single-digit growth.

GE rose to $10.94 (+3.99%) in pre-market trading.

11:06
Company News: Advanced Micro (AMD) posts quarterly financials in line with analysts' estimates

Advanced Micro (AMD) reported Q2 FY 2019 earnings of $0.08 per share (versus $0.14 in Q2 FY 2018), in line with analysts’ consensus estimate.

The company’s quarterly revenues amounted to $1.531 bln (-12.8% y/y), generally in line with analysts’ consensus estimate of $1.523 bln.

The company also issued downside guidance for Q3 FY 2019, projecting revenues of $1.75-1.85 bln versus analysts’ consensus estimate of $1.94 bln.

For the full year 2019, AMD now expects revenue to increase a mid-single-digit percent over 2018, down from high single-digit growth prior and versus analysts’ consensus estimate of +6.3%.

AMD fell to $32.12 (-5.17%) in pre-market trading.

10:51
Company News: Apple (AAPL) quarterly earnings beat analysts’ forecast

Apple (AAPL) reported Q FY 2019 earnings of $2.18 per share (versus $2.34 in Q3 FY 2018), beating analysts’ consensus estimate of $2.10.

The company’s quarterly revenues amounted to $53.809. bln (+1.0% y/y), generally in line with analysts’ consensus estimate of $53.394 bln.

The company also issued upside guidance for Q4 FY 2019, projecting revenues of $61-64 bln versus analysts’ consensus estimate of $60.92 bln and gross margin of 37.5-38.5% versus analysts’ consensus estimate of 38.3% and 38.3% last year.

AAPL rose to $217.34 (+4.10%) in pre-market trading.

00:30
Stocks. Daily history for Tuesday, July 30, 2019
Index Change, points Closed Change, %
NIKKEI 225 92.51 21709.31 0.43
Hang Seng 40.09 28146.5 0.14
KOSPI 9.2 2038.68 0.45
ASX 200 19.3 6845.1 0.28
FTSE 100 -39.84 7646.77 -0.52
DAX -270.23 12147.24 -2.18
Dow Jones -23.33 27198.02 -0.09
S&P 500 -7.79 3013.18 -0.26
NASDAQ Composite -19.72 8273.61 -0.24

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