[ad_1]
US stocks opened mixed on Monday (31). The Dow Jones Industrial Average fell 93 points or 0.33%, and the S&P 500 fell 0.14 %%. Benefited from the bright earnings report, the Zoom video services platform (ZM-US) opened higher. Over 33%, and Apple (AAPL-US) led the rise in tech stocks, pushing the Nasdaq to new highs.
After yesterday’s split, the new stock price came online. Apple rose 1.75% in early trading on Tuesday (1st). Earlier, “Bloomberg” reported that the company has required vendors to produce at least 75 million 5G iPhones this year, showing that despite the impact of the epidemic, Apple has not lowered its annual production forecast.
Going back to the latest progress in the bailout plan negotiations, US Treasury Secretary May Mnuchin said on Monday (31) that Republicans in the White House and Senate still regularly discuss possible plans and hope to announce the latest bill. of law next week.
At 22:00 Taipei time, the Supplier Management Institute (ISM) will announce the August ISM Manufacturing Purchasing Managers Index (PMI). FXStreet analysts expect that, in addition to still weak employment, the overall PMI will show growth.
At 21 o’clock on Tuesday (31) Taipei time:
- The Dow Jones index fell 93.35 points or -0.33%, temporarily to 28,336.70 points
- Nasdaq rose 46.06 points, or 0.39%, temporarily to 11,821.52 points.
- The S&P 500 fell 4.75 points, or -0.14%, to 3,495.56 points temporarily
- Rates and a half increased by 5.89 points or 0.26%, temporarily reported at 2266.32 points
- TSMC ADR rose 1.17% to $ 80.18 per share
- Yield on 10-year US Treasuries increased to 0.716%
- New York light crude oil rose 0.63% to $ 42.88 a barrel
- Brent crude rose 0.91% to $ 45.69 a barrel
- Gold rose 1.04% to $ 1999.20 an ounce
- The US dollar index fell 0.36% to 91.795 points.
Focus actions:
Zoom (ZM-US) was up 33.98% in early trading to $ 435.58.
Key Figures from Q2 Earnings Report (End of Jul 31) vs. Analyst Expectations (Based on Refinitiv Survey)
- Adjusted EPS: 92 cents vs 45 cents
- Revenues: $ 663.5 million vs. $ 505 million
- Net profit: close to US $ 186 million (only US $ 5.5 million in the same period last year)
- Adjusted gross profit rate: 72.3%
Key data vs. analyst expectations for the third quarter financial forecast (Refinitiv survey)
- Adjusted EPS: 73 to 74 cents vs. 35 cents
- Revenues: $ 685 million to $ 690 million versus $ 492.9 million
Key Figures for Fiscal 2021 vs. Analyst Expectations (Refinitiv Survey)
Eastman Kodak (KODK-US) was up 61.04% to US $ 9.63 in early trading.
Kodak filed a document with the SEC on Monday (31), stating that hedge fund DE Shaw & Co has purchased 3.94 million Kodak shares, which represents approximately 5.2% of total shares.
After Kodak previously secured a $ 765 million loan from the US government for the production of key pharmaceutical ingredients, its share price soared in July. The loan was subsequently shelved due to high-level insider transactions, and on July 27 it was announced that he had obtained the loan. Previously, Kodak’s stock price had risen 128% and is now down 82% from its peak on July 29.
Wal-Mart (WMT-US) was up 1.06% in early trading to $ 140.32.
To compete with Amazon’s Prime service, Walmart announced on Tuesday (1st) that the “Walmart +” membership plan will officially launch on September 15. The annual fee is US $ 98 and the price is less than US $ 119 for Prime.
Walmart said that the Walmart + service will also provide refueling discounts, customers can enjoy free shipping services after the order reaches 35 US dollars.
Daily key economic data:
- 21:45 Taipei time announced the US August Markit Manufacturing PMI, Expected, the previous value was 53.6
- 22:00 Taipei time announced the US August ISM Manufacturing PMI, Expected 54.4, Previous value 54.2
- 22:00 Taipei time announced the monthly growth rate of US construction spending. In July, it was expected 1.1%, previous value-0.7%
Wall Street Analysis:
Savvas Savouri, chief economist at Toscafund Asset Management, said: “The weakness of the dollar may continue. I believe that by the end of this year, the exchange rate of the dollar against the euro will weaken significantly. The chairman of the Federal Reserve has told us clearly he wants the inflation rate to rise. And the only reliable way to achieve this goal is to weaken the currency. “
Stephen Lee, portfolio manager at Logan Capital Management, said: “Investors will continue to reward innovation and adaptability. In addition to technology companies, it also includes companies from other industries that use technology for a long time.”
[ad_2]
