Stock Index Futures Move Higher as Bond Yields Plunge, Gap Surges on Upbeat Earnings
17 Novembro 2023 - 9:55AM
IH Market News
December S&P 500 futures are up +0.28%, and December Nasdaq
100 E-Mini futures are up +0.06% this morning as U.S. Treasury
yields continued to fall after this week’s soft U.S. inflation and
jobs data spurred expectations among investors that interest rates
have peaked.
Today, all eyes are focused on the U.S. Building Permits
preliminary data in a couple of hours. Economists, on average,
forecast that October Building Permits will stand at 1.450M,
compared to the previous value of 1.471M.
U.S. Housing Starts data will be reported today as well.
Economists foresee this figure to stand at 1.345M in October,
compared to the previous figure of 1.358M.
In addition, investors will likely focus on speeches from
Chicago Fed President Austan Goolsbee, Boston Fed President Susan
Collins, and San Francisco Fed President Mary Daly.
In the bond markets, United States 10-year rates are at 4.390%,
down -1.19%.
Pre-Market U.S. Stock Movers
Gap (NYSE:GPS) surged about +18% in pre-market
trading after the retailer reported upbeat Q3 results.
ChargePoint Holdings (NYSE:CHPT) tanked over
-24% in pre-market trading after the EV charging network operator
cut its Q3 revenue guidance and announced a new CEO.
Applied Materials (NASDAQ:AMAT) plunged more
than -7% in pre-market trading following a Reuters report stating
that the Department of Justice is reviewing the company for
allegedly sending “hundreds of millions” of dollars worth of
equipment to Semiconductor Manufacturing International Corporation
without the required export licenses.
Ross Stores (NASDAQ:ROST) climbed over +6% in
pre-market trading after the off-price retailer posted
stronger-than-expected Q3 results.
Analog Devices (NASDAQ:ADI) rose more than +2%
in pre-market trading after Morgan Stanley upgraded the stock to
Overweight from Equal Weight.
Expedia (NASDAQ:EXPE) gained over +3% in
pre-market trading after Evercore ISI upgraded the stock to
Outperform from In Line.
Today’s U.S. Earnings Spotlight: Friday – November
17th
BJs Wholesale Club (BJ), Spectrum Brands (SPB), Buckle (BKE),
Twist Bioscience (TWST), Destination XL Group (DXLG), Huize
(HUIZ).
ANALYST RECOMMENDATIONS
Cardinal Health: JP Morgan maintains a neutral
recommendation with a price target raised from $101 to $112.
Copart: Morningstar downgrades to hold from
sell with a price target raised from $42 to $45.
Crowdstrike Holdings: Guggenheim maintains its
buy recommendation and raises the target price from $191 to
$228.
Equinix: Deutsche Bank maintains its buy
recommendation and raises the target price from $800 to $820.
Expedia Group: Evercore ISI upgrades to
outperform from in-line with a price target raised from $135 to
$200.
Quest Diagnostics Incorporated: JP Morgan
maintains a neutral recommendation with a price target raised from
$148 to $149.
Regions Financial Corporation: Wolfe Research
maintains its outperform rating and raises the target price from
$16 to $16.20.
Roblox Corporation: Wolfe Research upgrades to
peerperform from underperform.
Ross Stores: BMO Capital Markets maintains its
outperform rating and raises the target price from $127 to
$138.
The Clorox Company: D.A. Davidson maintains its
buy recommendation and raises the target price from $152 to
$162.
Visa: Daiwa Securities maintains a neutral
recommendation with a price target raised from $255 to $260.
Walmart: Citigroup maintains its buy
recommendation and raises the target price from $180 to $190.
Warner Music Group: Goldman Sachs maintains its buy
recommendation and reduces the target price from $40 to $38.
Zoom Video Communications: Citi downgrades to
neutral from sell with a target price of $66.
Expedia (NASDAQ:EXPE)
Gráfico Histórico do Ativo
De Abr 2024 até Mai 2024
Expedia (NASDAQ:EXPE)
Gráfico Histórico do Ativo
De Mai 2023 até Mai 2024