Pre-market U.S. stocks: S&P and Dow futures move higher due to good earnings
News from the Financial Associated Press (Shanghai, editor Shi Zhengcheng),Following the significant rebound of the previous trading day, the Dow and S&P 500 index futures continued to rise as a series of industry giants released better-than-expected earnings before the market on Wednesday, but Netflix’s poor performance also put pressure on the technology growth sector. .
In response to the trend of “rebound after a big drop” in the previous two trading days, Goldman Sachs’ co-head of fundamental equity assets Katie Koch said that the adjustments we have seen before are healthy for the market, clearing some of the excess funds in the market and enabling growth and development. A better balance is formed between value stocks. From a long-term perspective, we are still optimistic about stock assets and encourage customers to continue to overweight risk assets.
Market dynamics
As of 20:39 Beijing time, Dow futures (September 21 contract) rose 0.40%, S&P 500 index futures rose 0.21%; Nasdaq 100 index futures fell 0.11%.
Last trading day, the market’s panic caused by the rebound of the epidemic eased, and the three major indexes rebounded collectively. Among them, the S&P 500 index rose 1.52% to 4323.06 points; the Nasdaq index rose 1.57% to 14,498.88 points; the Dow Jones index rose 1.62% to 34511.99 points.
The European market was also driven by positive financial reports such as Asmarck and SAP, and many indexes rose by more than 1%.
(The situation of major European stock indexes on Wednesday, source: Investing)
Company news
[Asim Q2 new orders increased by nearly 7 times year-on-year]
On July 21st, local European time, Asmar, the world‘s leading lithography machine, released its second-quarter financial report, in which net sales were 4.02 billion euros, an increase of 22% year-on-year, and remained above the level of 4 billion euros for the third consecutive quarter; net profit year-on-year An increase of 38% to 1.03 billion euros. According to Refinitiv statistics, analysts on average expect Q2 revenue of 4.08 billion euros and profit of 1.02 billion euros. At the same time, Asimer said that the net new orders in the second quarter reached 8.3 billion euros, compared with 1.1 billion euros in the same period last year and 4.74 billion euros in the previous quarter.
[Netflix’s Q2 financial report only has qualified revenue data and weak business growth]
[ThesalesvolumeofCoca-Colaexceedsthelevelof2019andthefull-yearrevenueexpectationisincreased]
Before the market on Wednesday, consumer giant Coca-Cola released its latest quarterly financial report, with revenue reaching 10.13 billion U.S. dollars, organic growth of 37% excluding factors such as acquisitions and exchange rates, and the number of sales excluding exchange rate and price factors also exceeded the level of the same period in 2019; After adjustment, EPS reached 68 cents, better than the expected 56 cents. Coca-Cola also raised its fiscal year organic growth guidance to 12%-14%, which was previously a “high single-digit percentage.” As of press time, Coca-Cola rose 2.42% before the market.
[Johnson & Johnson expects new crown vaccine sales to reach 2.5 billion US dollars during the year]
Johnson & Johnson released a better-than-expected financial report on Wednesday, with revenue of 23.31 billion U.S. dollars and expected 22.21 billion U.S. dollars; adjusted EPS was 2.48 U.S. dollars and expected 2.27 U.S. dollars. In the financial report, the company also disclosed that the total sales of the new crown vaccine in the second quarter of this year were US$164 million, and the company expects the total annual sales to be US$2.5 billion. As of press time, Johnson & Johnson rose 1% before the market.
[Trading business maintains high Nasdaq exchange performance exceeds expectations]
Before the market on Wednesday, the Nasdaq exchange released its second quarterly report. The company achieved revenue of US$846 million, an increase of 21% year-on-year; the adjusted EPS US$1.90 was better than market expectations of US$1.75. Although under the influence of the economic restart, the trading enthusiasm declined slightly compared with the first quarter, but the Nasdaq exchange still ushered in 135 IPOs in the second quarter, of which 88 were companies and the rest were SPACs.
[JPMorgan Chase grants CEO Dimon an option award, which means it is expected to “work for a few more years”]
JPMorgan Chase announced on Tuesday that it granted CEO Jamie Dimon an option of 1.5 million shares to reward the top manager for his long-term contribution to the company. According to the ten-year option clause, Dimon has the right to subscribe for 1.5 million shares of JPMorgan Chase at a price of US$148.73, but the option cannot be exercised within 5 years, and he must continue to hold the shares before mid-2031. All stocks acquired by option awards.
[Rumors say that Apple’s next-generation iPhone SE will be a 5G phone]
According to the media quoted people familiar with the matter on Wednesday, all iPhones released by Apple from 2022 will support 5G, while the next-generation iPhone SE will be available in the first half of 2022 at the earliest, equipped with Qualcomm Snapdragon X60 modems to support 5G connections. There is also news that Apple will not launch a new version of the iPhone mini model due to disappointing sales of the iPhone 12 Mini.
[BASF and Porsche jointly develop the next generation of sports car-grade lithium batteries]
On July 21, local time, German chemical giant BASF announced that it has become the exclusive battery development partner of Cellforce, a joint venture of Porsche, and will jointly develop the next generation of high-performance lithium-ion batteries. According to the cooperation agreement, BASF will provide high-performance NCM (nickel cobalt manganese) cathode active materials to enhance fast charging and energy density performance. And Cellforce will provide high-performance batteries. In addition to performance, the cooperation between the two parties also emphasizes the effect of carbon neutrality. BASF expects that the carbon footprint of the cathode material production process can be reduced by up to 60%.
【Is a blessing or a curse? Musk and Mu Sister will take the stage to discuss Bitcoin]
According to the schedule, Tesla CEO Musk, who is full of controversy in the cryptocurrency field, will attend the ₿Word event held on Wednesday with Catherine Wood, Twitter and Square founder Jack Dorsey. Accept cryptocurrency in the promotion agency.
Important events to watch during the U.S. stock market
July 21
22:30 EIA crude oil inventories from the U.S. to the week of July 16
July 22
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