The Week Ahead in Focus It will be a busy week on both the micro and macro fronts. Second-quarter earnings season ramps up, as more than 150 S&P 500 firms report, including Big Tech. The Federal Reserve's policy committee will announce an interest-rate decision on Wednesday afternoon, and economists will get a look at a bevy of new data. The Federal Open Market Committee meets on Tuesday and Wednesday. The central bank is certain to ra...
U.S. stock index futures were steady during overnight trading on Wednesday after the major averages closed at records following commentary from the Federal Reserve. The central bank said it will begin to slow its bond-buying program, signaling that the economy can now handle an unwinding of pandemic stimulus. Futures contracts tied to the Dow Jones Industrial Average were flat. S&P 500 futures rose 0.08%, while Nasdaq 100 futures added 0.17%. $FMC公司(FMC.US)$$康西哥(CNC.US)$$惠好(WY.US)$$西維斯健康(CVS.US)$$克羅格(KR.US)$
Weekly market recap Stock futures edged lower in overnight trading Sunday after the Dow Jones Industrial Average notched its third positive week in a row at a record high. Wall Street is coming off a winning week on the back of strong corporate earnings. The blue-chip$陶氏化學(DOW.US)$gained more than 1% last week and closed Friday at a record. The$標普500指數(.SPX.US)$rallied 1.7% last week, also posting its third straight positive week and hitting an all-time high Friday. Of the 117 companies in the S&P 500 that have reported earnings to date, 84% posted numbers that beat expectations, according to Refinitiv. S&P 500 companies are expected to grow profit by about 35% in the third quarter. Here's a look at the return of S&P 500 sectors This week ahead in focus Some of the biggest technology companies are slated to report earnings this week, including$Facebook(FB.US)$,$谷歌-C(GOOG.US)$,$微軟(MSFT.US)$,$亞馬遜(AMZN.US)$and$蘋果(AAPL.US)$. A third of the Dow companies also is set to release quarterly results this week, including$卡特彼勒(CAT.US)$,$可口可樂(KO.US)$,$波音(BA.US)$and$麥當勞(MCD.US)$. Economists and Fed watchers will also be paying attention on Wednesday, when the minutes from the Federal Open Market Committee September meeting will be released. Finally, the annual meetings of the World Bank Group and the International Monetary Fund will run virtually all week. Economic data out this week includes the Conference Board's Consumer Confidence Index for October on Tuesday, the Census Bureau's durable-goods report for September on Wednesday, and the Bureau of Economic Analysis' preliminary estimate for third-quarter GDP on Thursday. Economists' consensus estimate is for a seasonally adjusted annual growth rate of 4%, after the economy grew 6.7% in the second quarter. Monday 10/25 Mega-cap tech companies headline the week's quarterly results starting with Facebook, which reports after the close. Alphabet and Microsoft follow on Tuesday, and Amazon.com and Apple on Thursday. $鏗騰電子(CDNS.US)$,$金佰利(KMB.US)$, and$奧的斯(OTIS.US)$release quarterly results. Tuesday 10/26 $3M(MMM.US)$,$美國超微公司(AMD.US)$,$阿莫斯萊斯金融(AMP.US)$,$第一資本信貸(COF.US)$,$安達保險(CB.US)$,$藝康集團(ECL.US)$,$禮來(LLY.US)$,$GE航天航空(GE.US)$,$孩之寶(HAS.US)$,$景順(IVZ.US)$,$洛克希德馬丁(LMT.US)$,$MSCI Inc(MSCI.US)$,$Novan Inc(NOVN.US)$,$雷神技術(RTX.US)$,$標普全球(SPGI.US)$,$宣偉公司(SHW.US)$,$德州儀器(TXN.US)$,$Twitter (Delisted)(TWTR.US)$,$聯合包裹(UPS.US)$, and$Visa(V.US)$report earnings. The Census Bureau reports sales of new single-family houses for September. Consensus estimate is for a seasonally adjusted annual rate of 775,000 homes sold, 35,000 more than the August figure. The Conference Board releases its Consumer Confidence Index for October. Expectations are for a 110 reading, similar to the September data. The index is 15% lower than its recent peak in June, with concern about the spread of the Delta variant and inflation dampening consumer optimism. S&P CoreLogic releases its Case-Shiller National Home Price Index for August. Economists forecast a 20% year-over-year rise, a tick higher than July's 19.7% increase. If that estimate proves correct, it would be the fifth consecutive monthly record gain for the index. Wednesday 10/27 $自動數據處理(ADP.US)$, Boeing,$施貴寶(BMY.US)$,$芝加哥商品交易所(CME.US)$, Coca-Cola,$eBay(EBAY.US)$,$福特汽車(F.US)$,$通用動力(GD.US)$,$通用汽車(GM.US)$,$希爾頓酒店(HLT.US)$,$國際紙業(IP.US)$,$卡夫亨氏(KHC.US)$, McDonald's,$諾福克南方(NSC.US)$,$Old Dominion Freight Line(ODFL.US)$,$ServiceNow(NOW.US)$,$Spotify Technology(SPOT.US)$, and$賽默飛世爾(TMO.US)$release quarterly results. The Census Bureau releases the durable-goods report for September. New orders for manufactured durable goods are expected to decline 0.5% month over month to $262 billion, after a 1.8% gain in August. Excluding transportation, new orders are seen rising 0.8%, above August's 0.3% gain. Thursday 10/28 $奧馳亞(MO.US)$,$美國電塔(AMT.US)$, Caterpillar,$康卡斯特(CMCSA.US)$,$吉利德科學(GILD.US)$,$洲際交易所(ICE.US)$,$萬事達(MA.US)$,$默沙東(MRK.US)$,$穆迪(MCO.US)$,$紐曼礦業(NEM.US)$,$諾斯羅普格魯曼(NOC.US)$,$賽諾菲安萬特(SNY.US)$,$Shopify(SHOP.US)$,$星巴克(SBUX.US)$, and$Yum! Brands(YUM.US)$hold conference calls to discuss earnings. The Bureau of Economic Analysis reports its preliminary estimate for third-quarter GDP. Consensus estimate is for a seasonally adjusted annual growth rate of 4%, after the economy grew 6.7% in the second quarter. Friday 10/29 $艾伯維公司(ABBV.US)$,$芝加哥期權交易所(CBOE.US)$,$特許通訊(CHTR.US)$,$雪佛龍(CVX.US)$,$高露潔(CL.US)$,$埃克森美孚(XOM.US)$,$L3Harris Technologies(LHX.US)$, and$惠好(WY.US)$report quarterly results. Source: CNBC, Barron's
Weekly market recap Stocks dipped on Friday as investors remain cautious due to a resurgent virus, a Federal Reserve meeting next week and a historical tendency for September to be a weak month for equities. The$道瓊斯指數(.DJI.US)$0.5% to close at 34,584.88, dragged down by a nearly 2.9% drop in . The$標普500指數(.SPX.US)$shed 0.9% to 4,432.99 and the$納斯達克綜合指數(.IXIC.US)$lost 0.9% to close at 15,043.97. The Federal Reserve’s much-anticipated meeting next week may not be quite as exciting for markets as some investors had been expecting in the usual choppy month of September. Here's a look at the retrun of S&P 500 sectors This Week ahead in focus The main event this week will be the Federal Reserve's September policy meeting. Investors will also be watching for several corporate earnings releases, investor days, and the latest economic data. $萊納建築(LEN.US)$reports quarterly earnings on Monday, followed by results from$Adobe(ADBE.US)$,$汽車地帶(AZO.US)$, and$聯邦快遞(FDX.US)$on Tuesday.$通用磨坊(GIS.US)$goes on Wednesday, then$耐克(NKE.US)$,$埃森哲(ACN.US)$,$好市多(COST.US)$, and$達登飯店(DRI.US)$on Thursday. Investor days this week include$渤健公司(BIIB.US)$on Tuesday,$惠好(WY.US)$on Wednesday, and$賽富時(CRM.US)$on Thursday. The Federal Reserve's monetary policy committee meets on Tuesday and Wednesday this week. The central bank is unlikely to change its target interest rate range, but could give an update on its plans to begin reducing its monthly asset purchases. Wednesday afternoon's press conference with Fed chair Jerome Powell will be closely watched. Economic data out this week include the Conference Board's Leading Economic Index for August on Thursday. There will also be several updates on the U.S. housing market including the National Association of Home Builders' Housing Market Index for September on Monday, the Census Bureau's new residential construction data for August on Tuesday, and the National Association of Realtors' existing-home sales for August on Wednesday. Monday 9/20 $萊納建築(LEN.US)$reports third-quarter fiscal-2021 results. $默沙東(MRK.US)$presents data on its portfolio of cancer drugs, in conjunction with the European Society for Medical Oncology's 2021 Congress. The National Association of Home Builders releases its Housing Market Index for September. Economists forecast a 73 reading, two points below August's figure, which was the lowest in more than a year. Tuesday 9/21 $Adobe(ADBE.US)$,$汽車地帶(AZO.US)$, and$聯邦快遞(FDX.US)$release earnings. $渤健公司(BIIB.US)$hosts an investor day to discuss its pipeline of neuroscience therapeutics. The Census Bureau reports on new residential construction for August. Consensus estimate is for a seasonally adjusted annual rate of 1.55 million housing starts, 1% higher than the July level. Housing starts are down from their post--financial crisis peak of 1.725 million, reached in March of this year. Wednesday 9/22 The FOMC announces its monetary-policy decision. The Federal Reserve is likely to keep the federal-funds rate unchanged at near zero, but might signal that it will pare its asset purchases later this year. $通用磨坊(GIS.US)$reports first-quarter fiscal-2022 results. The Bank of Japan announces its monetary-policy decision. The BOJ is widely expected to keep its key short-term interest rate unchanged at minus 0.1%, as Tokyo and other regions remain in a state of emergency through the end of September due to the Covid-19 Delta variant. The National Association of Realtors reports existing-home sales for August. Expectations are for a seasonally adjusted annual rate of 578,000 homes sold, down 3.5% from July's 599,000. Thursday 9/23 $埃森哲(ACN.US)$,$好市多(COST.US)$,$達登飯店(DRI.US)$, and$耐克(NKE.US)$hold conference calls to discuss their quarterly results. $賽富時(CRM.US)$holds its 2021 investor day. CEO Marc Benioff and Slack CEO Stewart Butterfield will be among the participants. Salesforce completed its $28 billion acquisition of Slack this summer. The Conference Board releases its Leading Economic Index for August. Economists forecast a 0.5% month-over-month rise, after a 0.9% increase in July. The Conference Board currently projects 6% gross-domestic-product growth for 2021, and 4% for 2022. Friday 9/24 $Kansas City Southern(KSU.US)$hosts a special shareholder meeting to vote on a proposed merger with Canadian Pacific Railway. Source: CNBC, Barron's
惠好股票討論區
公司是做林產品的頭部企業,營收5年來波動中增長,平均增速爲7.2%,營業利潤在較大的波動中增長,平均增速爲15.9%,淨利潤在2019年一度虧損。
2023上半年營收萎縮36.3%,營業利潤萎縮76.3%,淨利潤萎縮75.6%。
目前市盈率12.7,市盈率TTM提高到33.5,如果按5年平均淨利12億計算,市盈率爲19.6,市淨率2.3,股息率2.3%,綜合來看吸引力不大。
專欄Today's Pre-Market Stock Movers: F, BNTX, MRNA, CHNG and More
In reaction to earnings/guidance:
• $康耐視(CGNX.US)$ +5.4%,$Apogee Enterprises(APOG.US)$ +1.7%
Other news:
• $Roivant Sciences(ROIV.US)$ +12.3% (files $1 bln mixed securities shelf offering)
• $Change Healthcare(CHNG.US)$ +7.5% (a federal judge ruled against the Justice Department’s antitrust challenge to $聯合健康(UNH.US)$ planned $13 billion acquisition of the company)
• $Perpetua Resources(PPTA.US)$ +6.1% (receiv...
專欄What to expect in the week ahead (AAPL, AMZN, MSFT, GOOG, KO)
It will be a busy week on both the micro and macro fronts. Second-quarter earnings season ramps up, as more than 150 S&P 500 firms report, including Big Tech. The Federal Reserve's policy committee will announce an interest-rate decision on Wednesday afternoon, and economists will get a look at a bevy of new data.
The Federal Open Market Committee meets on Tuesday and Wednesday. The central bank is certain to ra...
專欄Top upgrades and downgrades on 6/29: MSFT, UPST, MCD, GS and more
• $鏗騰電子(CDNS.US)$ : BofA Securities Upgrades to Neutral from Underperform - PT $175 (from $160)
•$Federated Hermes(FHI.US)$ : KBW Upgrades to Outperform from Market Perform - PT $540
•$高盛(GS.US)$ : BofA Securities Upgrades to Buy from Neutral - PT $380 (from $360)
• $麥當勞(MCD.US)$ : Atlantic Equities Upgrades to Overweight from Neutral - PT $278 (from $245)
• $甲骨文(ORCL.US)$ : Exane Upg...
專欄Top upgrades and downgrades on 5/2
• $Accolade(ACCD.US)$ : Wells Fargo Upgrades to Equal Weight from Underweight - PT $6 (from $9)
• $聯信銀行(CMA.US)$ : Piper Sandler Upgrades to Overweight from Neutral - PT $94 (from $90)
• $新東方(EDU.US)$ : JPMorgan Upgrades to Neutral from Underweight - PT $14 (from $35)
• $EPAM Systems(EPAM.US)$ : Piper Sandler Upgrades to Overweight from Neutral - PT $348 (from $359)
• $Empire State Realty Trust(ESRT.US)$ : Evercore ISI Upgrades to Outp...
專欄S&P 500 Movers for Wednesday (11/03)
Futures contracts tied to the Dow Jones Industrial Average were flat. S&P 500 futures rose 0.08%, while Nasdaq 100 futures added 0.17%.
$FMC公司(FMC.US)$$康西哥(CNC.US)$$惠好(WY.US)$$西維斯健康(CVS.US)$$克羅格(KR.US)$
專欄What to expect in the week ahead (FB, GOOG, MSFT, AAPL, AMZN)
Stock futures edged lower in overnight trading Sunday after the Dow Jones Industrial Average notched its third positive week in a row at a record high.
Wall Street is coming off a winning week on the back of strong corporate earnings. The blue-chip $陶氏化學(DOW.US)$ gained more than 1% last week and closed Friday at a record. The $標普500指數(.SPX.US)$ rallied 1.7% last week, also posting its third straight positive week and hitting an all-time high Friday.
Of the 117 companies in the S&P 500 that have reported earnings to date, 84% posted numbers that beat expectations, according to Refinitiv. S&P 500 companies are expected to grow profit by about 35% in the third quarter.
Here's a look at the return of S&P 500 sectors
This week ahead in focus
Some of the biggest technology companies are slated to report earnings this week, including$Facebook(FB.US)$, $谷歌-C(GOOG.US)$, $微軟(MSFT.US)$, $亞馬遜(AMZN.US)$ and$蘋果(AAPL.US)$. A third of the Dow companies also is set to release quarterly results this week, including$卡特彼勒(CAT.US)$, $可口可樂(KO.US)$, $波音(BA.US)$ and $麥當勞(MCD.US)$.
Economists and Fed watchers will also be paying attention on Wednesday, when the minutes from the Federal Open Market Committee September meeting will be released. Finally, the annual meetings of the World Bank Group and the International Monetary Fund will run virtually all week.
Economic data out this week includes the Conference Board's Consumer Confidence Index for October on Tuesday, the Census Bureau's durable-goods report for September on Wednesday, and the Bureau of Economic Analysis' preliminary estimate for third-quarter GDP on Thursday.
Economists' consensus estimate is for a seasonally adjusted annual growth rate of 4%, after the economy grew 6.7% in the second quarter.
Monday 10/25
Mega-cap tech companies headline the week's quarterly results starting with Facebook, which reports after the close. Alphabet and Microsoft follow on Tuesday, and Amazon.com and Apple on Thursday.
$鏗騰電子(CDNS.US)$, $金佰利(KMB.US)$, and $奧的斯(OTIS.US)$release quarterly results.
Tuesday 10/26
$3M(MMM.US)$, $美國超微公司(AMD.US)$, $阿莫斯萊斯金融(AMP.US)$, $第一資本信貸(COF.US)$, $安達保險(CB.US)$, $藝康集團(ECL.US)$, $禮來(LLY.US)$, $GE航天航空(GE.US)$, $孩之寶(HAS.US)$, $景順(IVZ.US)$, $洛克希德馬丁(LMT.US)$, $MSCI Inc(MSCI.US)$, $Novan Inc(NOVN.US)$, $雷神技術(RTX.US)$, $標普全球(SPGI.US)$,$宣偉公司(SHW.US)$, $德州儀器(TXN.US)$, $Twitter (Delisted)(TWTR.US)$, $聯合包裹(UPS.US)$, and $Visa(V.US)$ report earnings.
The Census Bureau reports sales of new single-family houses for September. Consensus estimate is for a seasonally adjusted annual rate of 775,000 homes sold, 35,000 more than the August figure.
The Conference Board releases its Consumer Confidence Index for October. Expectations are for a 110 reading, similar to the September data. The index is 15% lower than its recent peak in June, with concern about the spread of the Delta variant and inflation dampening consumer optimism.
S&P CoreLogic releases its Case-Shiller National Home Price Index for August. Economists forecast a 20% year-over-year rise, a tick higher than July's 19.7% increase. If that estimate proves correct, it would be the fifth consecutive monthly record gain for the index.
Wednesday 10/27
$自動數據處理(ADP.US)$, Boeing, $施貴寶(BMY.US)$, $芝加哥商品交易所(CME.US)$, Coca-Cola, $eBay(EBAY.US)$,$福特汽車(F.US)$, $通用動力(GD.US)$, $通用汽車(GM.US)$,$希爾頓酒店(HLT.US)$, $國際紙業(IP.US)$, $卡夫亨氏(KHC.US)$, McDonald's, $諾福克南方(NSC.US)$, $Old Dominion Freight Line(ODFL.US)$, $ServiceNow(NOW.US)$, $Spotify Technology(SPOT.US)$, and $賽默飛世爾(TMO.US)$ release quarterly results.
The Census Bureau releases the durable-goods report for September. New orders for manufactured durable goods are expected to decline 0.5% month over month to $262 billion, after a 1.8% gain in August. Excluding transportation, new orders are seen rising 0.8%, above August's 0.3% gain.
Thursday 10/28
$奧馳亞(MO.US)$, $美國電塔(AMT.US)$, Caterpillar, $康卡斯特(CMCSA.US)$, $吉利德科學(GILD.US)$, $洲際交易所(ICE.US)$, $萬事達(MA.US)$, $默沙東(MRK.US)$, $穆迪(MCO.US)$,$紐曼礦業(NEM.US)$, $諾斯羅普格魯曼(NOC.US)$, $賽諾菲安萬特(SNY.US)$, $Shopify(SHOP.US)$, $星巴克(SBUX.US)$, and$Yum! Brands(YUM.US)$ hold conference calls to discuss earnings.
The Bureau of Economic Analysis reports its preliminary estimate for third-quarter GDP. Consensus estimate is for a seasonally adjusted annual growth rate of 4%, after the economy grew 6.7% in the second quarter.
Friday 10/29
$艾伯維公司(ABBV.US)$, $芝加哥期權交易所(CBOE.US)$, $特許通訊(CHTR.US)$, $雪佛龍(CVX.US)$, $高露潔(CL.US)$, $埃克森美孚(XOM.US)$, $L3Harris Technologies(LHX.US)$, and $惠好(WY.US)$ report quarterly results.
Source: CNBC, Barron's
專欄What to expect in the week ahead (NKE, COST, ACN, FDX)
Stocks dipped on Friday as investors remain cautious due to a resurgent virus, a Federal Reserve meeting next week and a historical tendency for September to be a weak month for equities. The$道瓊斯指數(.DJI.US)$0.5% to close at 34,584.88, dragged down by a nearly 2.9% drop in . The$標普500指數(.SPX.US)$shed 0.9% to 4,432.99 and the$納斯達克綜合指數(.IXIC.US)$lost 0.9% to close at 15,043.97.
The Federal Reserve’s much-anticipated meeting next week may not be quite as exciting for markets as some investors had been expecting in the usual choppy month of September.
Here's a look at the retrun of S&P 500 sectors
This Week ahead in focus
The main event this week will be the Federal Reserve's September policy meeting. Investors will also be watching for several corporate earnings releases, investor days, and the latest economic data.
$萊納建築(LEN.US)$reports quarterly earnings on Monday, followed by results from$Adobe(ADBE.US)$,$汽車地帶(AZO.US)$, and$聯邦快遞(FDX.US)$on Tuesday.$通用磨坊(GIS.US)$goes on Wednesday, then$耐克(NKE.US)$,$埃森哲(ACN.US)$,$好市多(COST.US)$, and$達登飯店(DRI.US)$on Thursday. Investor days this week include$渤健公司(BIIB.US)$on Tuesday,$惠好(WY.US)$on Wednesday, and$賽富時(CRM.US)$on Thursday.
The Federal Reserve's monetary policy committee meets on Tuesday and Wednesday this week. The central bank is unlikely to change its target interest rate range, but could give an update on its plans to begin reducing its monthly asset purchases. Wednesday afternoon's press conference with Fed chair Jerome Powell will be closely watched.
Economic data out this week include the Conference Board's Leading Economic Index for August on Thursday. There will also be several updates on the U.S. housing market including the National Association of Home Builders' Housing Market Index for September on Monday, the Census Bureau's new residential construction data for August on Tuesday, and the National Association of Realtors' existing-home sales for August on Wednesday.
Monday 9/20
$萊納建築(LEN.US)$reports third-quarter fiscal-2021 results.
$默沙東(MRK.US)$presents data on its portfolio of cancer drugs, in conjunction with the European Society for Medical Oncology's 2021 Congress.
The National Association of Home Builders releases its Housing Market Index for September. Economists forecast a 73 reading, two points below August's figure, which was the lowest in more than a year.
Tuesday 9/21
$Adobe(ADBE.US)$,$汽車地帶(AZO.US)$, and$聯邦快遞(FDX.US)$release earnings.
$渤健公司(BIIB.US)$hosts an investor day to discuss its pipeline of neuroscience therapeutics.
The Census Bureau reports on new residential construction for August. Consensus estimate is for a seasonally adjusted annual rate of 1.55 million housing starts, 1% higher than the July level. Housing starts are down from their post--financial crisis peak of 1.725 million, reached in March of this year.
Wednesday 9/22
The FOMC announces its monetary-policy decision. The Federal Reserve is likely to keep the federal-funds rate unchanged at near zero, but might signal that it will pare its asset purchases later this year.
$通用磨坊(GIS.US)$reports first-quarter fiscal-2022 results.
The Bank of Japan announces its monetary-policy decision. The BOJ is widely expected to keep its key short-term interest rate unchanged at minus 0.1%, as Tokyo and other regions remain in a state of emergency through the end of September due to the Covid-19 Delta variant.
The National Association of Realtors reports existing-home sales for August. Expectations are for a seasonally adjusted annual rate of 578,000 homes sold, down 3.5% from July's 599,000.
Thursday 9/23
$埃森哲(ACN.US)$,$好市多(COST.US)$,$達登飯店(DRI.US)$, and$耐克(NKE.US)$hold conference calls to discuss their quarterly results.
$賽富時(CRM.US)$holds its 2021 investor day. CEO Marc Benioff and Slack CEO Stewart Butterfield will be among the participants. Salesforce completed its $28 billion acquisition of Slack this summer.
The Conference Board releases its Leading Economic Index for August. Economists forecast a 0.5% month-over-month rise, after a 0.9% increase in July. The Conference Board currently projects 6% gross-domestic-product growth for 2021, and 4% for 2022.
Friday 9/24
$Kansas City Southern(KSU.US)$hosts a special shareholder meeting to vote on a proposed merger with Canadian Pacific Railway.
Source: CNBC, Barron's
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