published on 01/25/2021 at 10:22 am
Wall Street is still hesitant before market on Monday, as a fairly busy week begins for American companies, including …
Photo credit © Reuters
(Boursier.com) – Wall Street is still hesitant before market on Monday, as a fairly busy week begins for American companies, including in particular the quarterly accounts of Apple or those of Tesla. The DJIA gained 0.1% in the pre-session, the S&P 500 took 0.3% and the Nasdaq agreed more generously 0.8%. A barrel of WTI crude rose 0.7% on the Nymex to $ 52.7. The dollar index fell 0.1% against a basket of benchmark currencies.
In today’s economic news, across the Atlantic, the Chicago Fed’s national activity index for December will be released at 2:30 p.m. (it was 0.27 in November). The Dallas Fed’s regional manufacturing activity index for January will be released at 4:30 p.m. In Europe, the German Ifo business climate index stood at 90.1 in January against 91.4 consensus, while it was 92.2 a month before.
On the European markets this morning, the trend is uncertain against the backdrop of fears linked once again to the health crisis and the impact of confinements. However, operators still harbor hopes for the American stimulus plan, which the Biden administration defends with conviction. Several officials of the Biden administration asked senators on Sunday to adopt the $ 1.9 trillion stimulus plan proposed by the new president and intended to deal with the consequences of the coronavirus crisis.
According to Johns Hopkins University today, the number of confirmed cases of the new coronavirus worldwide since the start of the epidemic is approaching 100 million, including 25.1 million in the United States, 10.7 million in India and 8.8 million in Brazil. The pandemic has claimed 2.13 million lives worldwide and 419,215 in the United States. Biden, who took office on Wednesday, vowed during the presidential campaign to aggressively tackle the health crisis. One of the new president’s goals is to achieve 100 million vaccinations in 100 days. The monitoring of new variants is also now on the program …
In business news this week on Wall Street, Apple publishes its last accounts the day after tomorrow, after the markets close, the same evening as Tesla and Facebook. Microsoft publishes for its part tomorrow evening.
Despite the health crisis (or thanks to it), Apple, Tesla and Facebook may well have posted historic sales over the past quarter. A quarter of the S&P 500 is due more generally to announce its accounts this week, and the companies concerned even represent in market capitalization nearly 40% of the American broad index … The current FactSet consensus models a decline of 5% of the profits of the S&P index for the quarter.
Note that this is for Tesla its first quarterly publication since its inclusion in the index. The group has already published very good delivery figures for the year. The markets will therefore monitor the group’s 2021 outlook. Elon Musk spoke in the last presentation of some figures, estimating that an analyst was “not far” in anticipating 840,000 to 1 million units delivered this year.
Apple, the world’s largest market capitalization, should for its part post historic sales of more than … 100 billion dollars in this “holiday” quarter. Facebook, finally, should not have any difficulty in reaching a record revenue either, given the current trends favoring digital and social networks. The debates relating to the suspension of Donald Trump should quickly fall into oblivion.
This Monday, Kimberly-Clark and Timberland will announce. Tomorrow Tuesday, the day will be lively with figures from 3M, Archer-Daniels, American Express, Lockheed Martin, Raytheon, Microsoft, Johnson & Johnson, Paccar, Xilinx, Freeport-McMoRan. Wednesday, Apple will obviously be the flagship event of the day, but operators will also follow the latest accounts from AT&T, Anthem, Boeing, Levi Strauss, Whirlpool, Facebook, Tesla, Hess, VF Corp, General Dynamics, Lam Research, Oshkosh, Whirlpool.
Thursday, another wave, with American Airlines, Altria, Jetblue, Southwest, Western Digital, McDonald’s, US Steel, Comcast, Marsh & McLennan, Danaher, Nucor, Northrop, Valero, Eastman Chemical, Sherwin-Williams, Stanley Black & Decker and many more besides. Phillips 66, Eli Lilly, Colgate-Palmolive, Charter Communications, Johnson Controls, KKR, Caterpillar, Johnson Outdoors, Honeywell, Chevron and Weyerhaeuser, will announce on Friday.
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