Stock market snapshot as of [24/4/2019 2:06 PM]
- Global shares have been on tenterhooks for much of Wednesday as investors fixated on how Boeing, the biggest U.S. exporter in dollar value, would fare with quarterly earnings
- Boeing profits fell 21%, but the group managed to beat most EPS estimates, giving the stock a surprising lift ahead of the start of U.S. cash trading.
- Consequently, Wall Street futures retain a light bid, even after the S&P 500 and Nasdaq indices notched new record highs on Tuesday
- European stock market sentiment is tardier on the uptake; still wary after signs that Beijing will be more circumspect about stimulus after Chinese growth appeared to respond more quickly than expected to recent fiscal loosening
Corporate News
- Even a less severe read on Europe’s bank sector from resilient Credit Suisse earnings hasn’t improved the regional mood much. A high threshold for improvement is still required for laggards like Deutsche Bank, UBS and even Barclays, which report earnings in coming days
- Despite the impact of Boeing’s grounded 737 Max model, its shares trade about $7 higher in pre-market deals. With cash flow and revenues coming in far worse than sharply-lowered forecasts, there remains a strong chance that the stock could dive later, taking U.S. markets, particularly the Dow, with it
- Caterpillar shares also look shaky ahead of open, despite beating forecasts and raising guidance
Upcoming corporate highlights
Date |
Time |
Company |
Event Name |
24-Apr-2019 |
AMC |
Visa Inc |
Q2 2019 Visa Inc Earnings Release |
24-Apr-2019 |
AMC |
Facebook Inc |
Q1 2019 Facebook Inc Earnings Release |
24-Apr-2019 |
AMC |
Microsoft Corp |
Q3 2019 Microsoft Corp Earnings Release |
24-Apr-2019 |
AMC |
Citrix Systems Inc |
Q1 2019 Citrix Systems Inc Earnings Release |
24-Apr-2019 |
AMC |
Raymond James Financial Inc |
Q2 2019 Raymond James Financial Inc Earnings Release |
24-Apr-2019 |
AMC |
Fortune Brands Home & Security Inc |
Q1 2019 Fortune Brands Home & Security Inc Earnings Release |
24-Apr-2019 |
AMC |
Xerox Corp |
Q1 2019 Xerox Corp Earnings Release |
24-Apr-2019 |
21:10 |
Chipotle Mexican Grill Inc |
Q1 2019 Chipotle Mexican Grill Inc Earnings Release |
AMC: after market close
Upcoming economic highlights