Jefferies Fincl Action Forum

Today the inflation data is published, an overview of what the big players are saying:

• Bank of America
  $BAC (+1,3 %): 2.3%
• Barclays
  $BARC (-0,26 %): 2.3%
• BNP Paribas
  $BNP (+0,1 %): 2.3%
• Citigroup
  $C (+1,33 %): 2.2%
• Deutsche Bank
  $DBK (-2,66 %): 2.3%
• Goldman Sachs
  $GS (+2,22 %): 2.3%
• Jefferies
  $JEF (+2,32 %): 2.3%
• JP Morgan
  $JPM (+0,97 %): 2.3%
• Morgan Stanley
  $MS (+1,35 %): 2.3%
• Nomura
  $NMR (+2,82 %): 2.3%
• TD Securities
  $TD (+1,05 %): 2.3%
• Wells Fargo $WFC (+1,06 %): 2.3%

• UBS
  $UBSG (-1,95 %): 2.4%

Live coverage is of course exclusively available from me live on Getquin.

What the week brings:

Monday:

• Speech by Mary C. DalyPresident of the Federal Reserve Bank of San Francisco

Tuesday:

• S&P CoreLogic Case-Shiller Home Price Index (April)
• Consumer Confidence (June)
• Speeches by Michelle Bowman and Lisa D. CookGovernors of the Federal Reserve
• Quarterly reports from FedEx Corp ($FDX) (+2,24 %)
  Carnival Corp ($CCL (+1,59 %))

Wednesday:

• New home sales (May)
• Nvidia ($NVDA) (-0,03 %) Annual general meeting
• Quarterly reports from Micron Technology ($MU (-0,29 %)), Paychex, Inc. ($PAYX (+2,17 %) ), General Mills, Inc. ($GIS), Jefferies Financial Group ($JEF (+2,32 %) ), Levi Strauss & Co. ($LEVI (-0,32 %) )

Thursday:

• Initial claims for unemployment benefits (week ending June 22)
• Preliminary foreign trade in goods (May)
• Preliminary wholesale inventories (May)
• Provisional retail stocks (May)
• Pending home sales (May)
• Durable Goods Orders (May)
• Salesforce Annual General Meeting $crm
• Quarterly reports from Nike, Inc. ($NKE (+0,58 %) ), Walgreens Boots Alliance ($WBA (-1,4 %)), McCormick & Company ($MKC (+3,44 %) )

Friday:

• Personal Consumption Expenditures (PCE) Price Index (May)
• Consumer Sentiment (June)
• Chicago Business Barometer (June)
• Speech by Tom BarkinPresident of the Federal Reserve Bank of Richmond

A compact summary of the coming week:

Monday

• New home sales (February)

Tuesday

• Durable Goods Orders (February)
• S&P Case-Shiller Home Price Index (January)
• Consumer Confidence (March)
• Quarterly results from McCormick & Co. ($MKC (+3,44 %) ), TD SYNNEX ($SNX (+0,86 %) ), GameStop ($GME (+7,23 %) ) and nCino Inc. ($NCNO (+2,05 %) )

Wednesday

• Quarterly results from companies like Cintas ($CTAS (+3,42 %) ), Paychex ($PAYX (+2,17 %) ), Carnival ($CCL (+2,23 %) ) and Jefferies Financial Group ($JEF (+2,32 %) )

Thursday

• Initial unemployment claims (week ending March 23)
• GDP of the USA - second revision (fourth quarter)
• Chicago
  Business Barometer (March)
• Pending home sales (February)
• Consumer Sentiment - final (March)
• Quarterly results from Walgreens Boots Alliance ($WBA (-1,4 %) ), MSC Industrial Direct ($MSM (+1,24 %) ) and BRP Inc. ($DOO (+1,77 %) )

Friday

• ⚠️Märkte are closed: Karfreitag⚠️
• Publication of the Personal Consumption Expenditures (PCE) index (February)
• Advanced US trade balance (February)
• Advanced Retail inventories (February)
• Advanced Wholesale stocks (February)

Important events this week:

Monday

Jefferies Financial Group ($JEF (+2,32 %) ), Commercial Metals Co. and Helen of Troy Ltd. ($HELE (+0 %) ) publish quarterly figures. Data on consumer credit
(November)

Tuesday

Albertson Cos. ($ACI (+0,28 %) ), TD Synnex Corp ($DSYNC (-0 %) ) and Acuity Brands Inc. ($AYI (+2,66 %) ) present their quarterly reports reports. Data on the trade deficit
(November) and the NFIB Small Business Optimism Index
(December) are published.

Wednesday:

KB Home ($KBH (+1,66 %) ) presents its quarterly figureswhile data on wholesale inventories
(November) are expected.

Thursday

Infosys Ltd. ($INFY (+1,37 %) ) publishes its quarterly reports. Data on initial unemployment claims (week ending 6.
January), the CPI
(December) and the US budget report
(December) are published.

Friday

UnitedHealth Group ($UNH (+3,09 %) ), JPMorgan Chase & Co. ($JPM (+0,97 %) ), Bank of America Corp. ($BAC (+1,3 %) ), Wells Fargo & Co. ($WFC (+1,06 %) ), BlackRock Inc. ($BLK ), Citigroup Inc. ($C (+1,33 %) ), BNY Mellon Corp. $BK (+0,21 %) ) and Delta Air Lines ($DAL (+1,41 %) ) publish their quarterly figures. Data on the producer price index
(December) are also expected.

Here is a summary of important economic events for the coming week:

Monday, September 25

• Thor Industries Inc.. ($THO (-0,05 %) ) publishes quarterly reports.

• -Publication of the Chicago Fed National Activity Index for August.

• Publication of the Dallas Fed Manufacturing Index for September.

Tuesday, September 26

• Quarterly reports From Costco Wholesale Corp.. ($COST (+3,88 %) ), Cintas Corp. ($CTAS (+3,42 %) ), Ferguson PLC ($FERG ) and Neogen Corp. ($NEOG (+5,94 %) )

• Publication of the S&P Case-Shiller National Home Price Index for July.

• Publication of the FHFA House Price Index for July.

• Publication of the Sales figures for new homes in August.

• Publication of the CB Consumer Confidence Index for September.

• Publication of the Richmond Fed Manufacturing Index for September.

• Publication of the Dallas Fed Services Index for September.

Wednesday, September 27

• Quarterly reports From Micron Technology Inc.. ($MU (-0,29 %) ), Paychex Inc. ($PAYX (+2,17 %) ), Jefferies Financial Group ($JEF (+2,32 %) ), Concentrix Corp. ($CNXC ) and H.B. Fuller Company ($FUL (+0 %) ).

Thursday, September 28

• Quarterly Reports From Accenture PLC ($ACN (-0,5 %) ), Nike ($NKE (+0,58 %) ), Jabil Inc. ($JBL (-0,35 %) ), CarMax Inc .. ($KMX (-0,39 %) ), Vail Resorts Inc. ($MTN (-3,36 %) ) and BlackBerry Ltd.. ($BB (+2,36 %) ).

• Publication of the final GDP for the second quarter of 2023.

• Publication of the final data on real consumer spending in the second quarter of 2023.

• Publication of the sales figures for outstanding homes in August.

• Speech by Fed Chair Jerome Powell at a Town Hall Event.

Friday, September 29

• Carnival Corporation ($CCL (+2,23 %) ) published Quarterly Reports.

• Publication of consumer income and expenditure data in August.

𝗠𝗮𝗿𝗸𝗲𝘁 𝗡𝗲𝘄𝘀 🗞️

𝗧𝗲𝗮𝗺𝗩𝗶𝗲𝘄𝗲𝗿 𝘁𝗼 𝘁𝗵𝗲 𝗺𝗼𝗼𝗻 / 𝗗𝗲𝗹𝗶𝘃𝗲𝗿𝘆 𝗛𝗲𝗿𝗼 𝗽𝗿𝗼𝗳𝗶𝘁𝗮𝗯𝗲𝗹? / 𝗘𝘁𝗵𝗲𝗿𝗲𝘂𝗺 𝗺𝗶𝗻𝗶𝗻𝗴

𝗤𝘂𝗮𝗿𝘁𝗮𝗹𝘀𝘇𝗮𝗵𝗹𝗲𝗻 📈

Today, among others, Jeffries Financial Group Inc. ($JEF (+2,32 %)) and KB Home ($KBH (+1,66 %)) present their quarterly figures.

𝗘𝘅-𝗗𝗮𝘁𝗲𝘀 📅

As of today, Accenture plc ($ACN (-0,5 %)) and Johnson Outdoors Inc ($JOUT) are trading ex-dividend.

𝗠𝗮𝗿𝗸𝗲𝘁𝘀 🏛️

TeamViewer ($TMV (+2,46 %)) - TeamViewer stock shot up by double digits today with 15%. The reason was because Teamviewer earned more operationally than expected. This was not necessarily due to higher demand, but mainly due to cost savings in Q4 2021. After the Teamviewer share was punished with - 70% last year, the new year is starting a bit better.

Delivery Hero ($DHER (-1,16 %)) - Delivery Hero, the newcomer to the DAX 40, would like to report a profit for the first time in 2022. Ebitda, or adjusted operating profit, is expected to be positive in the second quarter. New forecasts have revealed that Ebitda in Q2 could be around €100 million. Delivery Hero CEO Niklas Östberg stressed, "In the long term, Ebitda should be a five to eight percent share of total platform revenue."

𝗖𝗿𝘆𝗽𝘁𝗼 💎

Mining with Aivira - Users of Avira's in-house antivirus and security solutions now have access to the Avira Crypto function. This provides the option to mine Ethereum, while participating in mining tools through the program. Avira Crypto is now included in the programs Avira Free Security, Avira Antivirus Pro and Avira Internet Security.

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