Cloudflare Inc Class A
77.19 - 82.47
15.92 - 86.56
Echofin Members Consensus
Software company Aveva reported 26 per cent organic constant currency growth in the three months to the end of December. Management say this was driven by a significant number of scheduled subscription renewals, as well as the early renewal of a large three-year EPC contract which had been scheduled for the following quarter. Management say the order pipeline is ‘solid’ with £2.7bn net in cash held. Shares rose over 4 per cent in early trade.
JPM has already committed to buying back $30bn in stock after the Fed announced in December that it will allow Wall Street’s largest banks to resume share buybacks in the first quarter of 2021, subject to certain rules. In particular we will be keen to hear from Jamie Dimon and co about their outlook for rates and how this could impact net interest margins and income. In Q3 net interest income was $13.1 billion, down 9 per cent year-over-year, predominantly driven by the impact of lower nominal rates. However, since then the 10-year yield has risen to its highest in almost a year above 1.10 per cent and spreads have widened to multi-year highs. Revenues expected $28.337bn. EPS expected $2.50.
US bank earnings kick off later today with JPMorgan, Citigroup and Wells Fargo due to report after the XLF ETF hit a record high yesterday amid growing optimism about the financial sector. JPM has been buoyed by strong trading revenues at its investment bank, whilst bad loans are not as big a problem as investors thought they would be at the peak of the pandemic. The arrival of fresh stimulus has undoubtedly been a boost to bank shares as it limits the damage of bad loans and it helps steepen the yield curve, boosting net interest income.
UK Market UK finished in the red yesterday, amid ongoing concerns about the rising coronavirus crisis. Persimmon declined 6.2%, after the housebuilder posted a drop in its full year revenues. Just Eat Takeaway dropped 4.3%, despite reporting a rise in its revenue in 2020. Vesuvius eased 4.0%, after a top broker downgraded its rating on the stock to ‘Neutral’ from ‘Overweight’. PageGroup fell 2.8%, after the company reported a decline in its fourth quarter profits. On the contrary, Liontrust Asset Management climbed 8.0%, after reporting a rise in its assets under management over the last quarter. Howden Joinery Group advanced 2.8%, after the company raised its profit guidance, following better than expected performance in the final weeks of the year. William Hill rose 0.2%, despite posting a drop in its net annual revenue. The FTSE 100 declined 0.1%, to close at 6,745.5, while the FTSE 250 fell 0.5%, to end at 20,616.3 .
so darkpool update: buy spikes today in DXCM and some beat up tech names like BAND and WIX. Continued big buying in CTAS, gdrx still looks pretty strong. Solid improving buying in some of the favorites with good RS today like SNAP specifically and also CRWD and NET. Some selling into some of the value names (no longer buying in CVS). Semis not too hot in general but theres big buying AMAT and that chart is fire. Other random names with nice buying, HYG OXY ABEV GLD JPM MS GS PDD BILI NEM SFIX
que significa eso? Estimulo Fiscal gigante ( BEAR para USD, LONG Commodities, Cryptos y FX encontra del USD, tambien su paquete fiscal tiene a ser mas beneficioso para las value stocks que para las mega tech lo cual ya vemos en un Nasdaq (NQ) negativo y un Dow jones(YM) y Russel (RTY) ambos positivos), Incremento de taxes corporativos ( A corto plazo bear para stocks porque disminuye el net income/cashflow aunque a largo plazo no es algo que va destruir el mercado)
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