US index futures are declining on Monday morning due to an
unprecedented Hamas attack on Israel, raising global
concerns. The value of oil increased, intensifying instability
in markets already vulnerable due to inflation and high interest
rates.
At 7:06 am, Dow Jones futures (DOWI:DJI) fell 165 points, or
0.49%. S&P 500 futures were down 0.60% and Nasdaq-100
futures were down 0.77%. Although it is the Columbus Day
holiday, Wall Street operates normally, but the Treasury market is
closed, easing concerns about interest rates.
Last Saturday, Israel suffered a surprise attack by Hamas,
resulting in the deaths of civilians, including the elderly and
children. Israeli Prime Minister Benjamin Netanyahu stated
that although they were caught by surprise, Hamas will face serious
consequences.
This conflict caused the value of oil to soar, increasing almost
5% over the weekend. The concern is that Iran, a major oil
producer and controller of the Strait of Hormuz, may have supported
Hamas in the attack. However, Iran denied involvement despite
applauding Hamas’ action. At press time, West Texas
Intermediate crude oil for November was up 3.84% at $85.97 per
barrel. Brent crude oil for December rose 3.67% to close to
US$87.69 per barrel.
Iron ore with a concentration of 62%, traded on the Dalian
exchange, rose 2.76%, quoted at US$113.56 per ton.
In Germany, industrial production fell by 0.2% in August,
although industrial orders grew by 3.9%, indicating that the German
economy is still strong, despite inflationary challenges.
In Asia, stocks had mixed movements with the reopening of the
Chinese market, reflecting global caution due to tensions between
Israel and Hamas.
In China, the focus has turned to the real estate sector, with
rumors that Country Garden may restructure its debt abroad. At
the same time, there are concerns about Evergrande, as progress on
the restructuring plan is slow, as reported by Reuters.
On Monday’s United States economic agenda, investors await, at
09 am, a speech by Lorie Logan, president of the Dallas
Fed. At 09:15 am, Michael Barr, vice president of supervision
at the Fed, is expected to speak. Finally, at 1:30 pm, Philip
Jefferson, who recently took over as vice president of the Fed, has
a speech scheduled.
There is anticipation regarding statements from members of the
US financial body, as they could signal the Fed’s future moves,
especially given the recent Payroll data.
At Friday’s close, the Dow Jones advanced 288.01 points or 0.87%
to 33,407.58 points. The S&P 500 jumped 50.31 points or
1.18% to 4,308.50. The Nasdaq Composite rose 211.51 points or
1.60% to 13,431.34 points. The S&P 500 made up for the
losses that occurred throughout the week. The Nasdaq 100 was
driven by technology giants like Microsoft (NASDAQ:MSFT), Apple
(NASDAQ:AAPL) and Nvidia (NASDAQ:NVDA).
However, the main reason behind Friday’s rally appears to be
technical in nature. Long-term government bond yields
stabilized after reaching their highest levels since 2007 earlier
in the week, closing around 5.0%. Previously, there was a
surge in hiring in the previous month, as indicated by nonfarm jobs
data, which showed the addition of 336,000 jobs in September,
nearly double what was expected. This data has left markets
uncertain about the direction of interest rates, resulting in a
series of losses in global bond markets over the past five
weeks.
Ahead of Monday’s corporate earnings, investors will be watching
the report from Applied Blockchain (NASDAQ:APLD).
Wall Street Corporate Highlights for Today
Amazon (NASDAQ:AMZN) – Amazon’s first
satellite prototypes for its Kuiper internet network have been
successfully launched from Florida. Amazon plans to deploy
thousands of satellites to compete with SpaceX’s Starlink. The
mission will test Amazon’s technology in space before launching
more satellites.
Microsoft (NASDAQ:MSFT), Activision
Blizzard (NASDAQ:ATVI) – Microsoft plans to complete
its $69 billion deal with Activision Blizzard on October 13,
subject to British antitrust approval, following a deadline
extension to October 18. The Competition and Markets Authority
has granted preliminary approval, provided Activision sells its
streaming rights to Ubisoft (EU:UBI). This deal would be the
largest in the gaming industry, uniting Microsoft with Activision
titles such as “Call of Duty” and “World of Warcraft”.
Walt Disney (NYSE:DIS) – Trian Fund
Management, led by Nelson Peltz, has increased its stake in Disney
and plans to request board seats, including for Peltz. Trian
views Disney’s stock value as undervalued and seeks more focused
advice. In other news, Disney is in talks with Indian
businessmen including Gautam Adani and Kalanithi Maran, as well as
private equity firms, to sell parts of its streaming and television
businesses in India. Discussions are in the early stages, and
no potential value has been mentioned.
Snap Inc (NYSE:SNAP) – UK data
watchdog the Information Commissioner’s Office (ICO) suggested that
Snapchat failed to adequately assess the privacy risks posed by its
artificial intelligence chatbot, “My AI”. If Snapchat doesn’t
address these concerns, the chatbot could be banned in the
UK. Snap is reviewing the notice and is committed to user
privacy.
Walmart (NYSE:WMT) – Walmart’s Mexican
unit will face an antitrust panel over alleged monopolistic
practices related to the supply and distribution of consumer goods,
following a three-year investigation by Mexico’s antitrust
regulator. The company has 45 days to defend
itself. Walmex claims to act in accordance with legislation
and cannot predict the impact on finances and operations. If
found guilty, the fine can reach 8% of your annual income in
Mexico.
McDonald’s (NYSE:MCD) – McDonald’s is
bringing back “Boo Buckets” for Halloween, replacing Happy Meal
boxes with collectible buckets. McDonald’s is also bringing
back the McRib sandwich, after a “farewell tour” last
year. The scarcity tactic adds to the appeal, and fans can
find it in November at select restaurants.
Exxon Mobil (NYSE:XOM) – Shares of Exxon
Mobil and Chevron (NYSE:CVX) are higher in
premarket trading on Monday due to the jump in oil
prices. Additionally, Exxon Mobil is in advanced negotiations
to acquire Pioneer Natural
Resources (NYSE:PXD) in a
deal valued at US$60 billion. This would mark Exxon’s biggest
deal since buying Mobil in 1998, making it a major producer in the
Permian Basin. The premium offered is about 20% over Pioneer’s
closing value, but negotiations could change the terms. The
completion of the deal could trigger further consolidation in the
shale sector. Exxon Mobil investors prefer the company to
acquire existing oil and gas production rather than invest in
long-term drilling projects. Exxon shares hit a record high
due to returns in its energy business. In other news, Exxon’s
Senior Vice President responsible for Exxon Mobil’s shale oil and
gas production sector, involved in merger negotiations with
Pioneer, has been arrested on charges of sexual assault at a Texas
hotel and is awaiting trial on a $30,000 bail. Exxon stated that he
will not continue with his professional responsibilities while the
investigation is ongoing.
Gold Fields (NYSE:GFI) – Gold Fields
announced the appointment of Michael Fraser as CEO and Executive
Director effective January 1. Fraser, former CEO of Chaarat
Gold and former chief operating officer of South32, will succeed
interim CEO Martin Preece, who will remain with the company as part
of the executive management team.
Citigroup (NYSE:C) – Citigroup agreed to
sell its China consumer wealth portfolio
to HSBC (NYSE:HSBC), worth about $3.6
billion, with a focus on Asia. The deal, part of Citi’s exit
strategy from the consumer sector in China, is expected to close in
the first half of 2024. In other news, investor Edgar Wachenheim
III of Greenhaven Associates sold shares in Bank of America
(NYSE:BAC) and bought more shares of Citigroup. He believes
Citigroup has growth potential despite the criticism and
problems.
Goldman Sachs (NYSE:GS) – The Indian
government plans to reduce investment spending to reduce the budget
deficit. Goldman Sachs predicts that the private sector can
fill the gap, especially as companies look to diversify and the
“Make in India” initiative offers opportunities.
JPMorgan Chase (NYSE:JPM) – Following the
Hamas invasion of Israel, JPMorgan instructed its Israeli staff to
work from home for the foreseeable future. Around 200 bank
employees in the country are under this directive.
Delta Air
Lines (NYSE:DAL), United
Airlines (NASDAQ:UAL), American
Airlines (NASDAQ:AAL) – Several international airlines
have suspended flights to Israel due to the state of war following
the Hamas attack. US airlines such as Delta, United and
American Airlines have canceled flights, as have European airlines
Lufthansa (USOTC:DLAKY), Air France-KLM (EU:AF) and Wizz Air
(LSE:WIZZ). Ben Gurion International Airport normally has around
300 departures per day. IAG SE, which controls British
Airways, led the declines in European airline shares. The
European Union Aviation Safety Agency has issued a Conflict Zones
Information Bulletin for Israeli airspace. Several Asian
companies have also canceled flights to Israel. The head of
the American Airlines pilots’ union has recommended that pilots not
fly to Israel until the situation is safe.
Walgreens Boots Alliance (NASDAQ:WBA)
-Employees at some U.S. Walgreens stores, including pharmacists,
plan a one-to three-day walkout in response to heavy prescription
and vaccination expectations.The company has promised to invest in
salaries and bonuses to attract and retain talent. This action
comes after a significant strike in the US healthcare sector.
Bristol-Myers Squibb (NYSE:BMY) –
Bristol-Myers Squibb announced its intention to
acquire Mirati
Therapeutics (NASDAQ:MRTX) for up to $5.8 billion,
aiming to diversify its oncology portfolio. The deal includes
drugs targeting specific cancers, such as Krazati for lung
cancer. The transaction will be financed with a combination of
cash and debt, and Mirati shareholders will receive an additional
contingent value right. Bristol faces challenges due to
generic competition in its leading medicines and seeks to
strengthen its oncology pipeline.
Amgen (NASDAQ:AMGN), Horizon
Therapeutics (NASDAQ:HZNP) – Amgen completed its
$27.8 billion acquisition of Horizon Therapeutics after receiving
FTC clearance with certain conditions. The FTC raised
antitrust concerns, but the deal proceeded on schedule in the
fourth quarter and could boost Amgen’s profits next year,
especially with products like Tepezza, expected to generate $3.9
billion in peak sales.
GSK plc (NYSE:GSK) – GSK announced that
Chongqing Zhifei Biological Products has agreed to acquire the
Shingrix shingles vaccine for US$3.06 billion. Zhifei will
have exclusive rights to import and distribute Shingrix in China,
with plans to scale volumes due to growing demand. The
partnership aims to expand vaccine availability and potential
future collaborations, including GSK’s Arexvy respiratory syncytial
virus vaccine.
Tesla (NASDAQ:TSLA) – Tesla sold 74,073
electric vehicles manufactured in China in September, a 10.9% drop
compared to the previous year. Sales of the Model 3 and Model Y
also declined by 12.0% from the previous month. Meanwhile, Chinese
rival BYD (USOTC:BYDDY) saw its passenger vehicle deliveries
increase by 42.8% in September. Additionally, Tesla has signed a
leasing agreement with the Shanghai Waigaoqiao Free Trade Zone
Group to open a massive sales and service center in Shanghai,
China, by mid-2024. The Tesla store will cover 8,000 square meters
and is part of the company’s efforts to expand its presence in
China and enhance customer service. Tesla is also gearing up to
boost consumer sentiment with discounts and green vehicle
incentives. The company is facing an investigation by the European
Commission regarding subsidies for China’s battery-powered
cars.
General Motors (NYSE:GM) – Canadian union
Unifor has accused General Motors of resisting crucial elements of
its agreement with Ford in contract negotiations. The
disagreements cover temporary GM workers, health benefits for
retirees and future investments. The union faces a deadline to
reach an agreement by Monday.
Rivian Automotive (NASDAQ:RIVN) – Rivian
Automotive shares fell sharply after announcing plans to raise
capital, prompting Battle Road Research analyst Ben Rose to
downgrade the stock to “Sell” from “Hold.” Preliminary
third-quarter numbers, including a drop in cash balance, also
weighed on Rose’s decision.
Boeing (NYSE:BA)
– IAG (LSE:IAG), the parent company of
British Airways, is in talks with Boeing
and Airbus (USOTC:EADSY) for a potential
order for wide-body aircraft, aimed at replacing British Airways’
aging Boeing 777s, with a possible order of more than 20
aircraft. Demand for long-haul widebody jets is on the
rise.
Lockheed Martin (NYSE:LMT) – Lockheed
Martin shares rose 4.9% in pre-market trading Monday after the
company’s board approved a $6 billion share repurchase program and
an increase in the quarterly dividend from $3 to $3.15 per
share. Other defense companies, such as RTX
Corp (NYSE:RTX) and Northrop
Grumman (NYSE:NOC), also saw share increases
following the conflict between Israel and Hamas.
Vodafone (NASDAQ:VOD) – US buyout fund
Apollo Global Management, in partnership with local fund JB
Capital, is planning a bid for Vodafone’s Spanish unit, valued at
up to 5 billion euros. Vodafone is considering strategic
options for its Spanish unit due to price competition.
Birkenstock – Birkenstock has obtained
enough investor commitments to price its US initial public offering
(IPO) at the top of the indicative range, valuing the company at
US$10 billion. The final decision on the price will be made
before the shares debut in New York.
Mirati Therapeutics (NASDAQ:MRTX)
Gráfico Histórico do Ativo
De Abr 2024 até Mai 2024
Mirati Therapeutics (NASDAQ:MRTX)
Gráfico Histórico do Ativo
De Mai 2023 até Mai 2024