Economy on 03.11.2023...

Yesterday there was a flood of numbers. Let's see ⤵️

During the day and after-hours, some quarterly figures came in yesterday. I am curious to see how the market reacts to these. Since yesterday was generally a good day, which came but certainly more by the FED call, could today on the positive numbers also times a few profit-taking occur. Later we will know more:

$AAPL
Apple beat analyst estimates of $1.39 in the fourth quarter with earnings per share of $1.46. Revenue of $89.5 billion exceeded expectations of $89.34 billion.

• Apple iPhone sales in the fourth quarter at $43.8 billion (consensus $43.4 billion, year ago $42.6 billion).
• Apple service revenue in the fourth quarter at $22.3 billion (consensus $21.6 billion, prior year $19.2 billion).
• Apple Mac revenue in the fourth quarter at $7.6 billion (consensus 8.8 billion, previous year 11.5 billion).
• Apple iPad revenue in the fourth quarter at $6.4 billion (consensus 5.9 billion, previous year 7.2 billion).

Apple expects first-quarter revenue to be similar to the year-ago quarter (117.2 billion), which would be below the current consensus (123.3 billion).

In the conference call Apple announced that they have one billion subscriptions across all services and that 66% of all students use a Mac.

$NOVO B
Novo Nordisk posted Q1-3 revenue of DKK 166.39bn (PY: DKK 128.86bn), Ebit of DKK 75.80bn (PY: DKK 57.72bn) and net income of DKK 61.72bn (PY: DKK 41.93bn). On October 13, the outlook for 2023 was raised, with revenue and operating profit growth at constant exchange rates now expected to be 32-38% and 40-46%, respectively. Sales and operating profit growth in Danish kroner are now expected to be 4 and 7 percentage points lower, respectively, than at constant exchange rates.

$SQ
Block third-quarter earnings per share of $0.55 beat analyst estimates of $0.47. Revenue of $5.62 billion exceeded expectations of $5.42 billion.

$PLTR
Palantir Technologies Inc. registered shares o.N. third-quarter earnings per share of $0.07 beat analyst estimates of $0.06. Revenue of $558 million exceeded expectations of $555.71 million.

$SHOP
Shopify Inc. beat analyst estimates of $0.14 with third-quarter earnings per share of $0.24. Revenue of $1.7 billion beat expectations of $1.67 billion.

$SBUX
Starbucks Corp. beat fourth-quarter analyst estimates of $0.97 with earnings per share of $1.06. Revenue of $9.4 billion beat expectations of $9.29 billion.

$NET
Cloudflare Inc. beat analyst estimates of $0, 10 in the third quarter with earnings per share of $0.16. Revenue of $335.6 million beat expectations of $330.51 million.

$COIN
Coinbase Global beats third-quarter analyst estimates of -$0.55 with earnings per share of -$0.01. Revenue of $674, 15 million beats expectations of $650.97 million.

$LHA
Lufthansa posts Q3 revenue of €10.27 billion (PY: €9.53 billion, analyst forecast: €10.84 billion), Ebit (adjusted) of €1.46 billion (PY: €1.12 billion, forecast: €1.43 billion), adjusted cash flow of €592 million (forecast: €677 million) and net profit of €1.19 billion (PY: €809 million, forecast: €1.03 billion). In the outlook for 2023, management continues to expect Ebit (adjusted) of at least €2.6 billion (forecast: €2.68 billion) and confirms the targets for 2024.

$BOSS
HUGO BOSS achieved sales of €1.03 billion in the 3rd quarter (PY: €933 million, analyst forecast: €1.02 billion), EBIT of €103 million (PY: €92 million, forecast: €100.5 million) and net income of €63 million (PY: €58 million, forecast: €65.9 million). Outlook for 2023 confirmed

Overview of the last trading day of the week:

Japan stock exchange holiday | shortened stock exchange trading Sweden (until 1 p.m.)

Economic data

08:00

• DE: Trade balance September Trade balance calendar and seasonally adjusted PROGNOSE: +15.2 bn euro previous: +16.6 bn euro Exports PROGNOSE: -2.0% yoy previous: -1.2% yoy Imports PROGNOSE: -1.3% yoy previous: -0.4% yoy

08:45

• FR: Industrial Production October PROGNOSE: +0.2% yoy previous: -0.3% yoy

11:00

• EU: Labor market data September Eurozone unemployment rate PROGNOSE: 6.5% previously: 6.4%

13:30

• US: Labor Market Data October Employment ex Agriculture PROGNOSE: +170,000 yoy previous: +336,000 yoy Unemployment rate PROGNOSE: 3.8% previous: 3.8% Average hourly earnings PROGNOSE: +0.3% yoy/+4.0% yoy previous: +0.2% yoy/+4.2% yoy

14:45

• US: Purchasing Managers' Index/PMI Service (2nd release) October PROGNOSIS: 50.9 1st release: 50.9 previous: 50.1

15:00

• US: ISM non-manufacturing index October PROGNOSIS: 53.0 points previously: 53.6 points

17:00

• US: Fed Minneapolis President Kashkari (2023 FOMC voting member) to participate in Econ Club of Minnesota leadership circle discussion

Without time

• DE: German Finance Minister Lindner, trip to Latvia, Estonia and Lithuania
• UK: German Economics Minister Habeck, talks on UK-German energy cooperation, London
• EU: Rating review for Denmark (Fitch); Norway (Moody's); Romania (Moody's); Switzerland (Fitch);

ex-dividend of individual stocks

PEOPLES BANCORP INC 0.3672 EUR

UNITED STATES STEEL CORPORATION 0.047 EUR

Quarterly figures / Corporate dates Europe

06:30 Societe Generale quarterly figures

07:00 BMW | Kontron | Swiss Re | Krones | Vonovia | Raiffeisen Bank International quarterly figures

08:00 A.P. Moeller-Maersk quarterly figures

09:00 Adecco Investor Day in London

10:00 BMW PK (2 p.m. analyst conference)

13:00 Intesa Sanpaolo quarterly figures

No time stated: Solvay quarterly figures

#quartalszahlen
#boerse
#börse
#aktien
#news
#newsroom
#community
#communityfeedback
#nachrichten
#täglich
#investieren
#wirtschaft
#politik
#inflation
#fed
#rezession
#mitverstandzumkapital
#krypto
#kryptowährung
#bitcoin
#ethereum
#solana
#zinsen
#ezb
#dax
#inflation
#dividende
#paypal
#airbnb
#qualcomm
#kraftheinz
#mondelez
#etsy
#apple
#starbucks
#lufthansa
#hugoboss
#bookingholdings
#bookingcom

Economy on 02.11.2023...

The day after FED! Paypal and Qualcomm delivers Zahlen⤵️

Yesterday it was then again so far. The Fed has announced that the interest rates currently remain stable and will not be further increased for the time being. But they also said that they now want to think again from meeting to meeting and reassess each time. The goal with the 2% inflation, remains further the goal.

19:00 - The Fed leaves the key interest rate as expected in the range of 5.25-5.5 percent.

19:40 - Fed Chairman Powell calls monetary policy "restrictive." He says the effects of tightening have not yet fully filtered through to the economy.

8:15 p.m. - Powell: Wage growth has cooled significantly over the last 18 months. I don't think wages are a primary driver of inflation.

8:30 pm - Markets are not buying Powell's view that the outcome of the December meeting remains wide open, and are largely pricing out a possible rate hike. According to STIRs, the probability is now only about 17 percent, down from 21 percent before the rate decision and 29 percent yesterday.

So interviews, by the members of the FED, would again speak out for interest rate hikes, the markets again tremble. This has happened in the past more often and it was thought that there could be further increases this year. Now the market is probably pricing this out....

Let's look at the most important quarterly figures from yesterday. There were again a few important ones:

$PYPL
PayPal Holdings beat analyst estimates of $1.23 in the third quarter with earnings per share of $1.30. Revenue of $7.42 billion above expectations of $7.38 billion.Revenue is up, but margins are down a bit again and so is the number of active users. So I value these numbers, very mixed, but also believe that you have reached the bottom there now as well. The numbers are now not so bad that it would justify another wave of sales.

$QCOM
Qualcomm exceeds analyst estimates of $1.91 in the fourth quarter with earnings per share of $2.02. Sales of $8.67 billion above expectations of $8.51 billion.

$SEDG
SolarEdge Technologies misses analyst estimates of $0.83 in the third quarter with earnings per share of $0.55. Revenue of $725.31 million below expectations of $769.19 million.

$KHC
Kraft Heinz Co. the third-quarter earnings per share of $0.72 beat analyst estimates of $0.66. Revenue of $6.57 billion below expectations of $6.72 billion.

$ETSY
Etsy beat analyst estimates of $0.50 in the third quarter with earnings per share of $0.64. Revenue of $636.3 million exceeded expectations of $631.27 million.

$CVS
CVS Health Corp. third-quarter earnings per share of $2.21 beat analyst estimates of $2.13. Revenue of $89.76 billion exceeded expectations of $88.29 billion.

And today we continue with exciting numbers. Let's take a step-by-step look at the trading day:

Economic Data

08:00

• DE: Employment September

08:30

• CH: Consumer Prices October Forecast: +0.1% yoy/+1.7% yoy Previously: -0.1% yoy/+1.7% yoy

09:45

• IT: Purchasing Managers' Index/PMI Manufacturing October Forecast: 46.3 Previous: 46.8

09:50

• FR: Purchasing Managers' Index/PMI Manufacturing (2nd release) October Forecast: 46.3 1st release: 42.6 Previous: 46.8

09:55

• DE: Labor Market Data October Unemployment Rate seasonally adjusted Forecast: +15,000 yoy Previous: +10,000 yoy Unemployment Rate seasonally adjusted Forecast: 5.8% Previous: 5.7%

09:55

• DE: Purchasing Managers' Index/PMI Manufacturing (2nd release) October Forecast: 40.7 Previous: 39.6

10:00

• EU: Purchasing Managers' Index/PMI Manufacturing Eurozone (2nd release) October Forecast: 43.0 Previously: 43.4

10:30

• UK: Purchasing Managers' Index/PMI Manufacturing (2nd release) October Forecast: n/a 1st release: 45.2 Previous: 44.3

13:00

• UK: BoE, Outcome and Minutes of the Monetary Policy Council Meeting and Monetary Policy Report Bank Rate Forecast: 5.25% Previous: 5.25%

13:30

• US: Initial jobless claims (week) Forecast: 214,000 Previous: 210,000
• US: Productivity ex agriculture (1st release) 3Q Annualized +4.3% yoy 2Q: +3.5% yoy Unit labor costs +0.7% yoy 2Q: +2.2% yoy

15:00

• US: Industrial new orders September Forecast: +2.5% yoy Previous: +1.2% yoy

ex-dividend individual stocks

RENISHAW PLC 0.6833 EUR

Quarterly figures / Company dates USA / Asia

12:00 $SBUX
Starbucks annual results

13:00 Conocophillips quarterly figures

13:30 Eli Lilly quarterly figures

14:00 Intercontinental Exchange Group quarterly figures

21:00 $BKNG
Booking Holdings

22:00 Expedia Group quarterly figures

21:30 $AAPL
Apple annual results

Quarterly figures / Company dates Europe

06:45 Adecco quarterly figures

07:00 Deutsche Lufthansa | Fresenius SE

07:00 Axa | ING Groep Quarterly Figures

07:30 Hugo Boss | Scout24 | Novo Nordisk

07:30 Andritz | Bike24 | Cliq Digital | Drägerwerk

07:30 Pfeiffer Vacuum | SGL Carbon Quarterly Figures

07:55 PVA TePla Quarterly Figures

08:00 Deutsche Beteiligungs AG| Verbund | BT Group

08:00 Shell | Washtec Quarterly Figures

08:00 DE: Employment September

09:00 Zalando PK on quarterly figures

(09:30 Analyst conference)

11:00 Heidelberg Materials quarterly figures

(14:00 analyst conference)

14:00 Ferrari quarterly figures

#quartalszahlen
#boerse
#börse
#aktien
#news
#newsroom
#community
#communityfeedback
#nachrichten
#täglich
#investieren
#wirtschaft
#politik
#inflation
#fed
#rezession
#mitverstandzumkapital
#krypto
#kryptowährung
#bitcoin
#ethereum
#solana
#zinsen
#ezb
#dax
#inflation
#dividende
#paypal
#airbnb
#qualcomm
#kraftheinz
#mondelez
#etsy
#apple
#starbucks
#lufthansa
#hugoboss
#bookingholdings
#bookingcom