This is what you need to know to trade today, Friday, January 20:
US equity markets look set for a mixed open with futures flat for the S&P 500 and Dow Jones but higher for the Nasdaq Composite. This is somewhat surprising given that yields soared on Thursday as the jobs data looked strong. the earnings of Netflix (NFLX) ) have boosted investor hopes that this earnings season won’t be as bad as feared for big tech. Alphabet (GOOG) it also helped by announcing 12,000 payroll cuts.
In international markets, the dollar stands at 102.38 and is recovering ground against the Japanese yen, but remains practically flat against the euro. Oil remains above $81, but is subdued. Gold is trading at $1,927.
In Europethe Dax is up +0.4%, the CAC and Eurostoxx are flat and the FTSE is down -0.2%.
The futures Americans they remain flat, except for the Nasdaq: +0.4%.
Featured Wall Street News
Netflix (NFLX) exceeds subscriber growth estimates. Online earnings, big EPS disappointment.
earnings from State Street (STT) scheduled for today.
Chinese Lunar New Year Festival.
Top Reuters news
Nordstrom Inc.:(JWN) The company slashed its annual profit forecast after deep discounts failed to win over customers at its Rack discount stores, resulting in weak Christmas sales.
VMS: The company beat Wall Street estimates for fourth-quarter profit,
Texas instruments inc:(TXN) The company said Thursday that Chairman Rich Templeton will step down in April.
Alphabet Inc:(GOOGL) The Google matrix eliminates about 12,000 jobs.
Amazon.com Inc.:(AMZN) The e-commerce giant said on Thursday that it will increase prices on some of its music subscription plans starting in February.
Ups and downs
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Friday, January 20, 2023
|
COMPANY |
WORTH |
BROKERAGE COMPANY |
RATE CHANGE |
TARGET PRICE |
|---|---|---|---|---|
|
HPV |
HPV |
barclays |
Equal Weight>>Overweight |
$72>>$106 |
|
Restaurant Brands Int’l |
QSR |
BMO Capital Markets |
Market Performance>>Experience |
$63>>$72 |
|
Regeneron Pharma |
REGN |
JP Morgan |
Neutral>>Overweight |
$850 |
|
Ralph Lauren |
R.L. |
barclays |
Equal Weight>>Overweight |
$101>>$134 |
|
Pacific Pair |
PARR |
Piper Sandler |
Neutral>>Overweight |
$27>>$33 |
|
PagerDuty |
P.S. |
Morgan Stanley |
Equal-weight>>Overweight |
$32>>$36 |
downs
|
COMPANY |
QUOTATION |
BROKERAGE COMPANY |
RATE CHANGE |
PRICE TARGET |
|---|---|---|---|---|
|
BigCommerce |
BIGC |
KeyBanc Capital Markets |
Overweight>>Sector Weight |
|
|
salesforce |
CRM |
cowen |
Supervise>>Make market |
|
|
|
pins |
MKM Partners |
Buy>>Neutral |
$27 |
|
Dome |
DOME |
Morgan Stanley |
Overweight>>Weight Equal |
$24>>$16 |
|
Squarespace |
SQSP |
KeyBanc Capital Markets |
Overweight>>Sector Weight |
|
|
Riskified |
RSKD |
KeyBanc Capital Markets |
Overweight>>Sector Weight |
|
|
Delek US Portfolio Securities |
D.K. |
Piper Sandler |
Overweight>>Neutral |
$49>>$32 |
|
Michelins |
MGDDY |
RBC Capital Mkts |
Outperform>>Sector Perform |
|
|
Innovative Industrial Properties |
IIPR |
JMP Stock Markets |
Mkt Outperform>>Mkt Perform |
|
|
LCI Industries |
LCII |
jefferies |
Buy>>Keep |
$120>>$95 |
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
