Market Overview

7 December 2023 09:45

Lysakov Sergey

Wall Street tried to climb higher in the mid-week on rising interest rate cut hopes. U.S. private employment numbers fell to 103,000 jobs created last month vs consensus of 130,000. One day before, the Job Openings and Labor Turnover Survey (JOLTS) suddenly revealed that available vacancies dropped to 8.733 million from a downwardly updated level of 9.350 million compared to 9.553 million initially reported a month ago. Again, the ratio of new job openings to unemployed Americans is now nearly 1.3, coming to the vicinity of the pre-pandemic level of 1.2.

1 December 2023 09:02

Lysakov Sergey

Corporate Drivers May Support a Slightly Bullish Bias

U.S. stock futures continue to edge higher, crawling through its next 4,550 points barrier for the S&P broad market indicator inch by inch this week. The bullish mood was bolstered by a share price jump of Salesforce (CRM), which is a large customer relationship management technology provider. In after-hours deals on November 29 and a pre-market trading the next day, the stock suddenly gained more than 9.2% after the company's Q3 financial report. The company announced EPS (equity per share) of $2.11 vs $2.06 expected on revenues of $8.

24 November 2023 09:06

Lysakov Sergey

How Tall Could the Pound Tree Grow?

The British Pound reached its highest since early September at 1.2567 against the U.S. Dollar on November 23. GBP/USD has a good opportunity to hold initial gains after it settles a bit, with even further strengthening may follow, as U.K. business indicators point to a growing activity in both manufacturing and service segments of the national economy. The S&P Global composite purchasing managers' index (PMI) came out at 50.1 to inch the way through the 50 watershed between growth and decline for the first time in three months. A similar release showed a 48.

16 November 2023 17:09

Lysakov Sergey

Can Wall St Survive With Scarlett O'Hara's Motto?

U.S. stocks jumped above 4,500 in terms of the S&P 500 broad market barometer, supported by cooling national inflation and retail segment's earnings. Pan-European benchmark indicators echoed by three consecutive days of climbing up as well to test its one-month highs. Investors are waiting for the inflation data from the euro area that will be published on Friday. The U.S. headline inflation slowed down to 3.2% YoY from a 3.7% YoY in September, which is the first slowdown since mid-summer. On a monthly basis, prices came in flat.

9 November 2023 17:12

Lysakov Sergey

Disney Raises New Hopes

The Walt Disney Co market value bounced by more than 4% in pre-market trading on November 9 in the wake of the latest quarterly report. Its share price jumped after a few months of stagnation near pandemic lows when many feared extended subscriber loss. This fear grew stronger on a recent wave of price increases against growing costs related to Hollywood strike and a mixed performance in business returns. Q3 numbers revealed that there was a moderate contraction in both earnings and total revenues, but earnings fell below expectations.

2 November 2023 17:17

Lysakov Sergey

Inflation Worries Continue to Distract the Fed

U.S. stocks were a little higher by the end of the hectic week. The U.S. Dollar index took a step back. Аll following the spirit of the Federal Reserve's (Fed) chair press conference on Wednesday's night of November 1. The central bank's decision to keep borrowing costs steady was not a surprise, as it was widely expected. However, investors thoroughly examined a statement by the Federal Open Market Committee (FOMC) to be more or less sure that a balanced approach to monetary policy is still here.

26 October 2023 18:24

Lysakov Sergey

Meta Earnings Response Exposed the Decadent Spirit of Wall Street

The negative sentiment on stock markets is widening, as a stormy tide of U.S. Treasury yields near the 5% key waterfront pushed the investing crowd to reconsider its money allocation strategies. Fixed-income assets are gaining an advantage even against mega cap pillars like Apple and Google. As a result, continuous building on tech giants is becoming more risky than it used to be.

20 October 2023 10:01

Lysakov Sergey

Netflix Performed a Super Leap for the Upper Level

Market bulls are happy with Q3 earnings results of Netflix. The streaming giant reported extra income from password sharing control and new subscribers. The company counted its global number of paid accounts up by 8.76 million, totalling 247.15 million as of September 30. A three months jump was well above consensus expectations, even though average estimates were also optimistic, exceeding 6 million.

12 October 2023 10:08

Lysakov Sergey

High Hopes on the Luxury Segment Are Dashed

Fall season of corporate reports comes into its own. The first shot to hit investing minds was made by a French luxury giant LVMH, whose labels include Louis Vuitton fashion house, Moët et Chandon champagne and Hennessy cognac, Christian Dior fashion, fragrances and accessories, as well asTiffany fine jewelry creations and Sephora Collection of brands for personal care and beauty products. LVMH stock plunged by more than 6.5% shortly after the opening on October 11, as its recent sparkling sales growth lost its fizz. The company's Q3 revenue came down to €19.

6 October 2023 10:09

Lysakov Sergey

The Magnificent Seven's Shine Is Not Preventing Other Stocks From Drowning

The Magnificent Seven, including Apple, Microsoft, Tesla, Nvidia, Amazon, Google-parent Alphabet and Meta, has been responsible for over 50% of all gains in the S&P 500 broad market indicator during the first half of 2023, according to Refinitive data. These mega caps were the most significant components of the rally, which is now fading. And it seems that many investors are trying to take shelter in these assets. Tesla stocks serve as a good example of this type of attitude.

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