Saturday , December 4 2021

Wall Street AOF Analysis – Strong Decline: Oil Distribution and Distribution of Technology Stocks – Indices and Stocks



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(AOF) – US markets have fallen again. At the forefront of Monday's decline, technology stocks are a bit better than the market. Other sectors have taken over, including oil, as a result of falling prices. WTI declined by nearly 7%, widening losses, while Donald Trump was in Saudi Arabia in the case of killing the journalist. The retail sector suffered from poor reception of Target's results. Dow Jones declined 2.21% to 24,465.64 points, while the Nasdaq Composite gained 1.70% to 6908.82 points.

aim fell 11.05 percent to $ 69,025 on the stock market after disappointing quarterly results. For example, the main US distributor posted net revenue of up to 30% up to $ 622 million, or $ 1.17 per share in the third quarter. Except for the extraordinary elements, the EPS was $ 1.09, less than the $ 1.11 consensus. Turnover increased by 5.6% to 17.82 billion, while Wall Street was 17.76 billion. Sales to open stores more than a year ago rose 5.1%, while the market expected 5.5%.

Economic figures of the day

In the United States, 1,228 million homes were recorded in October 2018, after 1,210 million (revised 1,201 million) in September and a Reuters consensus of 1,225 million. Additionally, 1,263 million building permits were registered in October, after 1,270 million (the revised figure of 1,241 million) in September and a Reuters consensus of 1,267 million.

Values ​​to be followed today

APPLE
Without rest for Apple, which should fall at the opening of Wall Street as well as other technology stocks. It is estimated to fall by more than 2%, the stock should therefore exceed the 20% decrease compared to the highest. What Anglo-Saxon investors call a "bear market". However, Apple has seen a positive performance since January 1. Today, Goldman Sachs has confirmed its neutral opinion but has lowered its target price from $ 209 to $ 182.

GOOD BUY
Best Buy earned a net profit in the third quarter of 2018, up 16% to $ 277 million, or 99 cents per share. Except for non-recurring items, EPS for consumer electronics was 93 cents. Turnover increased by 3% to 9.59 billion. Analysts expected EPS, except for exceptional articles, to be 85 cents and a turnover of 9.57 billion. Sales in open stores more than a year ago grew by 4.3%, while the consensus increased by 3.5%.

BOSTON SCIENTIFIC
Boston Scientific signed an agreement to acquire British BTG medical device manufacturer for 3.3 billion pounds. US medtech will offer 840 pence per share, a 36.6% premium against the closing price of 615 pence, on Monday, the British group. The board of directors of BTG has recommended the offer of its shareholders.

CME
Berenberg has raised its target price from $ 184 to $ 220 and its recommendation to buy to buy the CME Group as part of a stock market survey. The consulting firm appreciates its strong cash generation and profits. It also considers that its assessment is justified by very high barriers to entry.

L BRANDS (Secret of Victoria)
If the last Victoria's Secret show on November 8, as usual, has all her promises, this is not the case with L Brands, the parent company of the iconic lingerie brand. If quarterly results are in line with the group's forecasts in October, the announcement of an annual dividend divided by two may disappoint. The company plans to pay a dividend of $ 1.20 versus $ 2.40 last year.

TARGET
Target has disappointed quarterly results. In the third quarter of 2018, the main US distributor earned a net profit of up to 30% to $ 622 million, or $ 1.17 per share. Except for the extraordinary elements, the EPS was $ 1.09, less than the $ 1.11 consensus. Turnover increased by 5.6% to 17.82 billion, while Wall Street was 17.76 billion. Sales to open stores more than a year ago rose 5.1%, while the market expected 5.5%.

URBAN USERS
The Urban Outfitters team posted quarterly results. As a result, the group reported net income of $ 78 million and earnings per share of $ 0.70. Turnover increased 9% over the same period last year to $ 974 million.

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