US Stocks Today: Banks beat the street (JPM) (WFC) (C)
Premium|Take advantage of 50% OFF on your first month.
Start your subscription and get access to all our original articles.
You have reached your limit of 5 free articles for this month.
Get all exclusive analysis, access our analysis and get Gold and signals alerts
Elevate your trading Journey.
UPGRADE
· European indices lower FTSE -0.74%, DAX -1%, Euro Stoxx -0.6%
· US stock futures lower Dow -0.52% S&P -0.41% Nasdaq -0.51%
· US Core PPI 1.2% versus 1.4% expected.
· US Retail sales down 0.7% in December versus flat expected. ·
· Dollar index heads for biggest weekly gain since November.
· Pfizer up, vaccine delivery target to 2 billion for 2021, temporarily halts Europe deliveries.
· JPMorgan (JPM) profits jump on investment banking. Wells Fargo (WFC) and Citi (C) also beat Wall Street estimates.
· Sterling at two month high versus Euro as UK GDP declines less than forecast.
· Tesla (TSLA) drone footage over Gigafactory Shanghai shows hundreds of cars ready for delivery but SAXO says being outpaced in Europe by Renault VW and Hyundai.
· JPM CEO Jamie Dimon expects a healthy economy by summer.
US stock market yesterday sector by sector
Utilities -0.38%
Real Estate +0.62%
Technology -0.88%
Energy +2.96%
Industrials +0.35%
Basic Materials -0.34%
Earnings
Premarket
· JPMorgan (JPM) earnings per share (EPS) $3.07 versus $2.62 expected.
· PNC Financial (PNC) EPS $3.26 versus $2.61 expected.
· Wells Fargo (WFC) EPS $0.64 versus $0.60 expected.
· Citigroup (C) EPS $2.08 versus $1.34 expected.
After Market
· It is Friday-go home early!
Premarket movers
DBV Tech (DBVT) +44% FDA news yesterday.
Blackberry (BB) +21% selling patents to Huawei.
Tilray (TLRY) +16% Cantor Fitzgerald ups price target.
Aphria (APHA) +14% posted higher revenue and updated on Tilray (TLRY) deal on Thursday.
Ideanomics (IDEX) +11% mobile energy division delivered 439 units in December Ideanomics Inc (IDEX) Stock Price and Forecast: Charging ahead with the sector (fxstreet.com)
3D Systems (DDD) -10% JPMorgan downgrade.
ProSight Global (PROS) -9% on TowerBrook deal
GrafTech International -8% announced secondary offering on Thursday
Initial Public Offerings Today (IPO)
Versus Systems (VS)
Healthcare Capital Corp (HCCCU)
Thoma Bravo Advantage (TBA)
Playtika Holding Corp (PLTK)
Authentic Equity Acquisition Corp (AEACU)
Hennessy Capital Investment Corp. V (HCICU)
OCA Acquisition Corp (OCAXU)
Driven Brands Holdings Inc (DRVN)
Edify Acquisition Corp (EACPU)
Rotor Acquisition Corp. (ROT.U)
GROUP NINE ACQUISITION CORP (GNACU)
Class Acceleration Corp 9 (CLAS.U)
26 Capital Acquisition Corp (ADERU)
Stocks covered this week at FXStreet.com
Alibaba (BABA) Stock Price Forecast: Gains 3% on IM electric sedan launch (fxstreet.com)
Delta Air Lines (DAL) Stock Price and Forecast: Preparing for take off (fxstreet.com)
Ideanomics Inc (IDEX) Stock Price and Forecast: Charging ahead with the sector (fxstreet.com)
· European indices lower FTSE -0.74%, DAX -1%, Euro Stoxx -0.6%
· US stock futures lower Dow -0.52% S&P -0.41% Nasdaq -0.51%
· US Core PPI 1.2% versus 1.4% expected.
· US Retail sales down 0.7% in December versus flat expected. ·
· Dollar index heads for biggest weekly gain since November.
· Pfizer up, vaccine delivery target to 2 billion for 2021, temporarily halts Europe deliveries.
· JPMorgan (JPM) profits jump on investment banking. Wells Fargo (WFC) and Citi (C) also beat Wall Street estimates.
· Sterling at two month high versus Euro as UK GDP declines less than forecast.
· Tesla (TSLA) drone footage over Gigafactory Shanghai shows hundreds of cars ready for delivery but SAXO says being outpaced in Europe by Renault VW and Hyundai.
· JPM CEO Jamie Dimon expects a healthy economy by summer.
US stock market yesterday sector by sector
Utilities -0.38%
Real Estate +0.62%
Technology -0.88%
Energy +2.96%
Industrials +0.35%
Basic Materials -0.34%
Earnings
Premarket
· JPMorgan (JPM) earnings per share (EPS) $3.07 versus $2.62 expected.
· PNC Financial (PNC) EPS $3.26 versus $2.61 expected.
· Wells Fargo (WFC) EPS $0.64 versus $0.60 expected.
· Citigroup (C) EPS $2.08 versus $1.34 expected.
After Market
· It is Friday-go home early!
Premarket movers
DBV Tech (DBVT) +44% FDA news yesterday.
Blackberry (BB) +21% selling patents to Huawei.
Tilray (TLRY) +16% Cantor Fitzgerald ups price target.
Aphria (APHA) +14% posted higher revenue and updated on Tilray (TLRY) deal on Thursday.
Ideanomics (IDEX) +11% mobile energy division delivered 439 units in December Ideanomics Inc (IDEX) Stock Price and Forecast: Charging ahead with the sector (fxstreet.com)
3D Systems (DDD) -10% JPMorgan downgrade.
ProSight Global (PROS) -9% on TowerBrook deal
GrafTech International -8% announced secondary offering on Thursday
Initial Public Offerings Today (IPO)
Versus Systems (VS)
Healthcare Capital Corp (HCCCU)
Thoma Bravo Advantage (TBA)
Playtika Holding Corp (PLTK)
Authentic Equity Acquisition Corp (AEACU)
Hennessy Capital Investment Corp. V (HCICU)
OCA Acquisition Corp (OCAXU)
Driven Brands Holdings Inc (DRVN)
Edify Acquisition Corp (EACPU)
Rotor Acquisition Corp. (ROT.U)
GROUP NINE ACQUISITION CORP (GNACU)
Class Acceleration Corp 9 (CLAS.U)
26 Capital Acquisition Corp (ADERU)
Stocks covered this week at FXStreet.com
Alibaba (BABA) Stock Price Forecast: Gains 3% on IM electric sedan launch (fxstreet.com)
Delta Air Lines (DAL) Stock Price and Forecast: Preparing for take off (fxstreet.com)
Ideanomics Inc (IDEX) Stock Price and Forecast: Charging ahead with the sector (fxstreet.com)
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.