|
| |
Market Wrap: pre-opening session |
|
|
| |
|
|
|
| |
U.S. market futures gain ground after U.S. stocks extended gains on Monday, with the Dow Jones advancing 693 points (+1.32%) to 53,178, a record closing level.
The S&P 500 rose a further 110 points (+1.48%) to 7,600, and the Nasdaq 100 was up 502 points (+1.78%) to 28,776.
On the stat front, in the U.S., trade deficit for June is estimated at 73 billion dollars. Separately, the JOLTs job openings are expected at 7.45 million. Moreover, factory orders are anticipated to grow 0.4% month-on-month after a 1.3% decline in May.
Canada's trade surplus for June is expected at 3 billion dollars.
European indices trade green. The Euro Stoxx 50 index posted a new record high.
Asian indices were mixed.
WTI crude oil prices rebound above 80 dollars as the U.S. and Iran send mixed signals regarding diplomatic efforts.
Gold trades sideways still holding the key 4,000 dollars threshold.
Bitcoin slightly rebounds, trading above 63,000 dollars.
|
| |
|
|
|
|
|
|
|
|
| |
Pfizer (PFE), a pharma giant, edges higher as quarterly earnings topped expectations.
Merck & Co (MRK), a pharma giant, gains some ground as quarterly sales beat estimates. However, the company cut full-year earnings guidance.
Caterpillar (CAT), a manufacturer of heavy equipment for multiple industries, jumps on better-than-expected quarterly financial figures.
Palantir Technologies (PLTR), a data-analytics and AI software company, soars as quarterly financial figures smashed expectations. U.S. commercial revenue surged 150%.
Nike (NKE), a sportswear company, was downgraded to "underweight" from "neutral" at JPMorgan.
Spotify (SPOT), a music streaming specialist, drops as current quarter operating income forecast missed estimates.
ON Semiconductor (ON), a semiconductor device company, is well oriented on better-than-expected quarterly financial figures.
Snap (SNAP), a social media, pops as quarterly global daily active users and average revenue per user topped expectations.
Whirlpool (WHR), a producer of major home appliances, loses ground as quarterly loss per share was wider than anticipated.
Archer Daniels Midland (ADM), a global processor of agricultural commodities, rises as full-year earnings forecast beat estimates.
|
| |
|
|
|
|
|
|
|
|
| |
Space Exploration Technologies Corp (SPCX)
Advanced Micro Devices Inc (AMD)
Caterpillar Inc (CAT)
Merck & Co Inc (MRK)
Arista Networks Inc (ANET)
Amgen Inc (AMGN)
McDonald's Corp (MCD)
Gilead Sciences Inc (GILD)
Booking Holdings Inc (BKNG)
Pfizer Inc (PFE)
|
| |
|
|
|
|
|
|
|
|
| |
Earnings release:
Suncor Energy Inc (SU)
iA Financial Corp Inc (IAG)
Canada's stock market was closed for Civic Holiday on Monday. Last Friday, the S&P/TSX Composite Index dropped 0.79% to 35,226 and the S&P/TSX 60 Index fell 0.75% to 2,083.
Telus (T), a communications technology company, was downgraded to "sector perform" from "outperform" at National Bank of Canada.
George Weston (WN)'s, a food processing and distribution company, target price was raised to 112 dollars from 102 dollars at Scotiabank.
AG Growth International (AFN)'s, a leading provider of equipment solutions for agriculture bulk commodities, target price was cut to 23 dollars from 30 dollars at TD Cowen.
Imperial Oil (IMO)'s, an energy company, target price was raised to 173 dollars from 158 dollars at JPMorgan.
Cameco Corp (CCO)'s, a uranium specialist, target price was cut to 135 dollars from 147 dollars at Barclays.
Goeasy (GSY)'s, a non-prime consumer lender, target price was raised to 45 dollars from 33 dollars at Jefferies.
|
| |
|
|
|
|
|
