US Index Futures are lower in premarket trading on Friday,
weighed down by economic uncertainty, particularly in China, after
major developer Evergrande filed for creditor protection in the
By 6:45, Dow Jones futures (DOWI:DJI) were down 53 points, or
0.15%. S&P 500 futures were down 0.23% and Nasdaq-100
futures were down 0.43%. The 10-year Treasury yield was at
In the American economic agenda for Friday, investors will
follow, at 1 pm, the number of oil probes for the week by Baker
In the UK, July retail sales declined by 1.20% from the previous
month, beating expectations for a 0.50% decline. More notable
was the 1.40% decline in monthly core data, beating the forecast
for a 0.7% retraction.
In the euro zone, July inflation retreated 0.10% monthly, in
line with expectations. Annually, inflation in the region is
at 5.30%. These figures reinforce inflationary pressure and
the possible need for measures by the European Central Bank
(ECB). The ECB’s chief economist, Philip Lane, mentioned that
although inflation is high, reduced energy prices could balance the
situation in the future.
In Asia, concerns over Japanese inflation and Evergrande’s
filing for bankruptcy protection in the US led markets to close
lower. In Japan, monthly inflation for July increased by
0.40%. Annually, it is at 3.30%, beating expectations of
2.5%. The annual core inflation, often considered in
forecasts, was 3.1% in July, in line with projections.
Evergrande recently sought protection from creditors in the US,
using Chapter 15 of the Bankruptcy Code, seeking to safeguard its
assets. Previously, it had already postponed debt meetings to
give holders more time to evaluate a restructuring plan.
Additionally, the PBoC, China’s central bank, pegged the onshore
yuan at 7.2006 against the dollar today. This rate serves as a
daily reference, with fluctuations limited to 2% in both
In commodities markets, West Texas Intermediate crude for
September fell 0.04% to trade at $80.36 a barrel. Brent crude
for October fell 0.17% near $83.98 a barrel. Iron ore futures
traded in Dalian, China, rose 2.94% to $105.45 a tonne.
At the close of Thursday, US market had another bearish day,
influenced by the growth of Treasury yields. The S&P 500
and Nasdaq 100 ended near their lowest points, mainly affected by
the performance of large technology companies. The Dow closed
down 290.91 points or 0.84% to 34,474.83 points. The S&P
500 dropped 33.97 points or 0.77% to settle at 4,370.36 points,
while the Nasdaq Composite fell 157.70 points or 1.17% to 13,316.93
Most traders expect rates to hold at the next FOMC meeting, but
after the minutes released yesterday, expectations of a hike gained
steam. Yields on US bonds reached the highest level since 2007
on concerns about inflation and US government debt.
Ahead of Friday’s corporate results, traders are watching
reports from Deere (NYSE:DE), Xpeng (NYSE:XPEV), Estée Lauder
(NYSE:EL), Madison Square Garden Sports Corp (NYSE:MSGS), Palo Alto
Networks (NASDAQ:PANW) and more.
Wall Street Corporate Highlights for Today
Streaming – The Writers Guild of America
that Disney (NYSE:DIS), Amazon (NASDAQ:AMZN)
and Netflix (NASDAQ:NFLX) wield
excessive power in streaming and calls for more
regulation. They argue that these companies hurt competitors,
raise prices and lower wages. The Federal Trade Commission has
expressed similar concerns. The WGA is on strike calling for
better compensation and protections.
Microsoft (NASDAQ:MSFT) – Microsoft will
close the Xbox 360 online store and marketplace on July 29, 2024,
focusing on newer consoles and Game Pass. Users can still play
titles already purchased for the Xbox 360.
Amazon (NASDAQ:AMZN) – Amazon, trying to
leverage its TikTok-like feed, offered $25 per video to
influencers. The offer was ridiculed on social media. The
initiative aims to leverage “Inspire”, a feed that presents
products. As TikTok expands e-commerce, Amazon faces
challenges in competing with TikTok content. Influencers like
Jazmine Flores highlight the effort it takes to create quality
Berkshire Hathaway (NYSE:BRK.A) – Warren
Buffett donated $27 million worth of Berkshire Hathaway stock to an
unnamed charity. This gesture is part of the billionaire’s
pledge to give away his fortune. His shares in Berkshire
represent about 15% of the company.
Goldman Sachs (NYSE:GS) – Goldman Sachs is
hiring hundreds of employees due to increased regulatory scrutiny
in the US, according to Bloomberg. The bank has not officially
commented on the situation.
Citigroup (NYSE:C) – Citibank was
subpoenaed by the US House Judiciary Committee, chaired by Jim
Jordan, regarding alleged sharing of financial data with the
FBI. The investigation focuses on the sharing of information
related to the events of January 6, 2021 in the Capitol.
Nomura Holdings (NYSE:NMR) – Nomura
lowered its China growth estimate to 4.6% due to disappointing July
data and a slumping economy. The previous forecast was
Barclays (NYSE:BCS) – Barclays has
revamped its leadership in India, appointing Pramod Kumar as CEO,
replacing the retired Ram Gopal. India is a key market for
Barclays, with its business in the country growing considerably
over the last 10 years, outpacing other Asian markets. The
team will face increased competition and challenges associated with
significant clients such as the Adani Group.
Ralph Lauren (NYSE:RL) – Patrice Louvet,
CEO of Ralph Lauren, is navigating modern fashion shifts, including
accepting hoodies at the office and embodying the
metaverse. It emphasizes the importance of sustainability in
attracting young consumers and talent, and values leaders with
authenticity and consumer understanding.
Hershey (NYSE:HSY), Mondelez
International (NASDAQ:MDLZ) – Chocolate companies
such as Hershey and Mondelez are facing challenges with rising
cocoa costs as consumers reduce consumption due to rising
prices. Inflation in the sector worries, while more affordable
brands gain space.
Bloomin’ Brands (NASDAQ:BLMN) – Shares in
Bloomin’ Brands are up more than 6% in premarket trading on Friday
after the Wall Street Journal reported that activist investor
Starboard Value acquired more than 5% of the company, which owns
from Outback Steakhouse. It’s unclear what Starboard’s
Chegg (NYSE:CHGG) – Education software
company Chegg announced on Thursday a $200 million increase in its
share repurchase program, bringing the total to $289
million. Despite facing competition from AI chatbots, Chegg is
adapting its software tools to technology.
Yellow Corp (NASDAQ:YELL) – Estes Express
offered $1.3 billion for the shipping hubs of bankrupt Yellow
Corp. Despite the offer including a bankruptcy loan, Yellow
opted for a $142.5 million financing from Citadel and MFN
Partners. Yellow’s debt includes a 2020 pandemic loan to the
Tesla (NASDAQ:TSLA) – Australian
company Core Lithium (ASX:CXO) has not
finalized a planned supply agreement with Tesla by the October 26,
2022 deadline. In response, Tesla threatens to use “all available
legal remedies” . The agreement under discussion related to
the supply of spodumene, an essential mineral for electric vehicle
Ford Motor (NYSE:F) – A consortium, led by
Ford and South Korean companies, will invest $887 million in a
plant in Becancour, Quebec, to produce materials for electric
vehicle batteries. With financial support from the Canadian
and Quebec governments, the plant will produce 45,000 tons of
cathode materials annually. The facility, to be completed in
2026, will strengthen Becancour as a hub in the North American EV
Stellantis (NYSE:STLA) – Stellantis will
invest more than $100 million in Controlled Thermal Resources to
extract lithium amid growing demand for electric vehicle
batteries. DLE technology allows for sustainable extraction
without extensive mining. The deal will also increase
Stellantis’ lithium purchases to 65,000 tonnes annually from
US Steel (NYSE:X) – US Steel has stated
that the United Steel Workers (USW) union has no right to veto a
sale of the company. This statement came after the USW
endorsed Cleveland-Cliffs Inc as a potential buyer. US Steel
is evaluating several bids, including one from Esmark Inc and
ArcelorMittal SA (MTCN).
CVS Health (NYSE:CVS) – Blue Shield of
California announced Thursday that it will discontinue most of its
services with CVS Health, aiming to work with Amazon (AMZN)
and drugmaker Mark Cuban to cut drug costs . This move
estimates savings of $500 million annually starting in 2025.
Dolby Laboratories (NYSE:DLB) – Dolby
Laboratories will replace Staar Surgical in the S&P MidCap 400.
Staar, in turn, will replace Urstadt Biddle in the S&P SmallCap
600 on Aug. 22, due to the acquisition of the latter by Regency
Applied Materials (NASDAQ:AMAT) –
Applied Materials forecast fourth-quarter profit above expectations
due to increased demand for chips and government
subsidies. The company reported earnings of $1.90 a share on
revenue of $6.43 billion that beat estimates in the third
quarter. Governments globally have earmarked billions for
domestic semiconductor production, benefiting the company.
Walmart (NYSE:WMT) – Walmart raised
its full-year guidance after outperforming second-quarter sales and
earnings on Thursday, buoyed by demand for groceries and health
products. US sales grew 6.4%, and the company highlighted
strong consumption at seasonal events. Walmart expects fiscal
2024 earnings to be in the range of $6.36 to $6.46 per share, up
from its previous forecast of $6.10 to $6.20.
Keysight Technologies (NYSE:KEYS) – Test
equipment maker Keysight Technologies projected fourth-quarter
earnings below expectations, leading to a drop of about 11.2% in
its premarket stock. The company anticipates earnings of
between $1.83 and $1.89 per share on revenue of between $1.29
billion and $1.31 billion, while analysts were projecting $2 per
share and $1.39 billion in revenue.
Farfetch (NYSE:FTCH) – Shares in Farfetch
fell about 37.4% premarket after reporting lower-than-expected
quarterly sales and a loss of $281 million, or $0.68 per
share. Revenue was US$ 572 million, against US$ 650 million
forecast. José Neves, CEO, highlighted the company’s
adaptation to the recent macroeconomic environment.
Bill Holdings (NYSE:BILL) – Bill Holdings,
maker of software to help small businesses with payments, forecast
revenue of $1.29 billion for 2024, below analyst expectations of
Ross Stores (NASDAQ:ROST) – Ross Stores
stock rose more than 5% premarket after beating Q2 expectations and
updated forecast, attributing this to budget-conscious
customers. Ross reported earnings of $446 million and sales of
$4.9 billion. The company updated its annual forecast despite
ongoing concerns about inflation.
Gráfico Histórico do Ativo
De Nov 2023 até Dez 2023
Gráfico Histórico do Ativo
De Dez 2022 até Dez 2023