This week's macroeconomic indicators include the CNB's repo rate decision, Czech, German and US GDP, and German and eurozone inflation.
CNB board meeting on Wednesday and GDP on Friday
Before Thursday's public holiday, the domestic central bank will hold a monetary policy meeting of its board, after which a possible change in the repo rate will be announced. The market expects... Read more
FactSet $FDS, which operates a digital platform and software for analyzing economic and financial data, reported its results for the 4Q fiscal year 2023, which ended August 31, 2023, at yesterday's after-market close. On an adjusted earnings per share basis for the 4Q, FactSet missed the average analyst estimate. The outlook for the upcoming year is also below analyst consensus... Read more
US logistics and delivery company FedEx $FDX has released its quarterly results. Investors were pleased with the year-on-year growth in operating profit, which rose mainly due to lower fuel costs.
Financial results
The company generated revenue of $21.681 billion in 1Q fiscal 2024. This is a year-on-year decrease of 7%. The company's revenue is contributed by 3 segments, namely... Read more
The world's top ten stocks by market value have more influence on capital markets than ever before, and that may be a bad thing, says Ned Davis Research.
The top 10 names by market capitalization in the All Country World Index (ACWI) now account for nearly a fifth, or 19%, of the benchmark's value, a record high in terms of concentration, according to a report Monday from the... Read more
Shares of Intel Corp. $INTC led the Dow lower Tuesday as concerns about data center inventories overshadowed the announcement of new computer chips with artificial intelligence capabilities in time for the holidays.
Shares of Intel (INTC), which had been declining as CEO Pat Gelsinger began his keynote address at the Intel Innovation 2023 developer conference, began to fall... Read more
today's conference call with the management of Colt was held in the spirit of expectations of acceleration of the financial performance in the second half of this year, satisfaction with the recently completed acquisition of the Swiss ammunition manufacturer swissAA Holding or significant fulfillment of the contract with the Czech army.
This year is marked by a strengthening of... Read more
Apple's stock has not seen a new iPhone. This could help
Apple shares $AAPL plunged after the release of the iPhone 15 as analysts were skeptical about whether it would boost sales. But new data could change that view.
According to Daniel Ives of Wedbush, the start of iPhone 15 pre-orders brings good news for Apple (AAPL). In his research report, he wrote that based on Wedbush's... Read more
Instacart, an online grocery delivery company, is about to take on retail brokers. It's a test of investors' appetite for gig companies.
San Francisco-based Instacart, registered as Maplebear, will begin trading Tuesday under the name "CART" and, like most IPOs, will price the night before going public and celebrate the listing with its employees, a person close to the company... Read more
This week, investors' attention will be directed to the US Fed, which will decide on the further development of US monetary policy. On the old continent, the CPI index in the Eurozone or the PMI index in Germany will be reported. Among domestic indicators, the PPI index was reported on Monday morning.
Fed meeting
On Wednesday, the US Federal Reserve will meet to decide on the... Read more
US software firm Adobe $ADBE reports 3Q results, outlook is within analysts' expectations. However, investors were expecting a revenue increase in AI products.
Results
Subscription revenue increased 12% y-o-y to USD 4.63bn, against analyst estimates of USD 4.57bn.
Product revenue decreased 24% year-over-year to $96 million. Product sales were down USD 96 million, compared to the... Read more
Zara's owner, Inditex, beat expectations on Wednesday, boosting half-year net profit by 40% even as the world's biggest fast-fashion company slowed the pace of price increases.
Inditex has increased its lead over Swedish rival H&M this year thanks to faster delivery of fashion from nearby suppliers at prices that allow it to cope with inflationary pressures.
According to Morgan Stanley, there is a "recovery story" in the semiconductor market this year.
This is the memory sector, which includes DRAM, or dynamic random access memory - a type of semiconductor memory needed for data processing - and NAND, another type of memory that remains viable without a power source.
"The memory sector is going through a recovery cycle this year -... Read more
You can really see the revival here. After the pandemic years when nobody was buying anything because everybody already had everything, we've entered a new cycle. You can see it in the stocks.
Apple has introduced a new generation of iPhones. The price remained the same as the last generation. Apple will also stop producing iPhones Pro Max with the lowest memory.
Here is a selection of analyst reactions:
Analysts at Morgan Stanley wrote that one-year estimates remain unchanged and China will continue to weigh on the company's stock in the short term, but there is... Read more
US software company Oracle $ORCL released its 1Q 2024 earnings results. Reported revenue was almost in line with expectations, but investors were not happy with cloud revenue growth. The stock is weakening by more than 10% in the pre-market.
Earnings
Revenue of $12.45 billion represented an 8.8% year-over-year increase. Excluding currency changes, this would be an 8% increase on... Read more
I see the stock took a big hit. Double top and no breakout to the new one. Revenue is slightly below estimates. Investors here are probably more used to beating estimates.
Apple $AAPL is widely expected to unveil a new iPhone at its "Wonderlust" event on Tuesday, and if history is any guide, there may be no better time to consider buying the stock.
According to Morgan Stanley analyst Erik Woodring, Apple stock tends to outperform six months after the iPhone launch, but it moves in line with the market during the one to three months following the... Read more
Well, I'm curious about it today :)