[ad_1]
The worsening of the global epidemic caused a cooling of risk sentiment. US stocks fell from their all-time highs on Friday (22). The Dow Jones Industrial Average fell more than 200 points or 0.7% at the open. IBM and Intel led the fall. The S&P 500 Index fell 0.5%, the Daq Index fell 0.4% and the rate fell 1%. TSMC’s ADR (TSM-US) fell more than 3%.
The epidemic situation in Europe and the United States has hardened again. After the European Union held a video summit on Thursday (21), it recommended that EU countries avoid unnecessary travel in and out of the country, and warned that more restrictions may apply. be adopted in the future.
United States President Joe Biden also warned at the White House press conference on the first day of his term that the cumulative number of deaths from new coronary pneumonia in the United States could reach 500,000 by February, saying that the government may not be able to speed up vaccination.
According to data from Johns Hopkins University, to date, the cumulative number of confirmed diagnoses worldwide has reached 97.63 million, with a cumulative total of 2.09 million deaths.
In individual stock news, IBM fell short of its revenue expectations. It opened on Friday and fell, with the decline subsequently widening to 10%. Also, due to reports of hacked hackers, Intel released its earnings report early Thursday. the earnings report was better than expected, Intel still fell 5% at the open on Friday.
Investors are waiting for the IHS Markit US January Purchasing Managers Index to be announced later, as well as data for existing home sales in December last year.
Starting Friday (22) 22:00 Taipei time:
- The Dow Jones Index fell 216.55 points, or -0.69%, to 30,959.46 points temporarily.
- Nasdaq fell 48.58 points, or -0.36%, to 13,482.34 points temporarily.
- The S&P 500 Index fell 19.45 points or -0.50%, temporarily to 3,833.62 points
- Commissions and media fell 31.17 points or -1.00%, temporarily to 3101.00 points
- TSMC ADR falls 3.62% to US $ 129.31 per share
- Yield on 10-year US Treasuries fell to 1,096%
- New York light crude fell 2.45% to $ 51.83 a barrel
- Brent crude fell 2.10% to $ 54.92 a barrel
- Gold fell 1.31% to $ 1,841.50 an ounce
- The US dollar index rose 0.17% to 90,280 points
Focus actions:
IBM (IBM-US) fell 10.09% in early trading to $ 118.37.
Key Figures for Fourth Quarter Earnings (not Gaap) vs. Analyst Expectations
- EPS: 66% YoY decrease to $ 2.07 vs. $ 1.79 (consensus expectations in Refinitiv survey)
- Revenue: 6% decline annually to $ 20.37 billion vs. $ 20.67 billion (consensus forecast in Refinitiv survey)
- IBM’s revenue in the fourth quarter fell 6% year on year, and was the fourth consecutive quarter of decline. I have never seen such a steep decline in five years. Under the leadership of new CEO Arvind Krishna, IBM has tried to expand in the field of cloud computing and artificial intelligence.
Intel (INTC-US) fell 4.63% in early trading to $ 59.57.
Q4 Based on GAAP earnings:
- Adjusted EPS: $ 1.42
- Revenue: $ 20 billion
- Net profit: US $ 5.9 billion
- Gross profit rate: 56.8%
Q4 Based on a non-GAAP financial report:
- Adjusted EPS: Flat at $ 1.52 vs. $ 1.10 (Refinitiv survey consensus)
- Revenue: 1% decline annually to $ 20 billion vs. $ 17.5 billion (Refinitiv survey consensus)
- Net profit: a 6% year-on-year decrease to $ 6.2 billion
- Gross profit margin: fell 1.7 percentage points to 58.4%
SWIR-US was up 9.51% to $ 20.15 in early trading.
Sierra Wireless, a wireless communications equipment company, announced that President and CEO Kent Thexton will serve until his retirement after June 30 of this year. Thexton has served as CEO of Si Yale since May 2018.
Daily key economic data:
- At 10:45 p.m. Taipei time, the initial value of Markit’s manufacturing PMI for the United States in January will be announced, which is expected to be 56.5, and the previous value is 57.1
- At 10:45 p.m. Taipei time, Markit’s initial service industry PMI value for the United States will be announced for January, which is expected to be 54.0, and the old value is 54.8
- At 10:45 p.m. Taipei time, Markit’s comprehensive PMI initial value will be announced in January, the previous value was 55.3
- At 23:00 Taipei time, the annualized number of existing home sales in the United States in December will be announced, which is expected to be 6.55 million, and the previous value was 6.69 million.
- At 23:00 Taipei time, the annualized monthly growth rate of existing US home sales will be announced in December. Expected: 2.1%, Previous Value: 2.5%
Wall Street Analysis:
Lars Skovgaard Andersen, a strategist in Danske Bank’s wealth management department, said: “Due to the lack of new ammunition on the market, people can just stop. Policy decisions were issued at the Federal Reserve (Fed), and Facebook, Apple and Tesi Before the announcement of financial reports by tech giants like La, investors were more cautious. “
Jean-Francois Paren, head of global market research at Credit Agricole, said the latest news related to the epidemic is not satisfactory. After the US elections, the market unleashed a wave of optimism and then faced the reality of vaccines and new restrictions. , as well as the double bottom of the European economy Recession prospects.
[ad_2]
