Analytics, 27 December 2019
Daily comment Dec 27
- Wall St opens higher amid positive economic data
- China industrial profit rebounds
- US holiday sales showed strong customers spending
- AAPL +0.5%, to purchase Japan Display’s plant
- TSLA +0.5% to start deliveries of China-build cars
- AMZN +1.5% on best-ever holiday season
- WTI +0.1%
Market movers:
- Apple (+0.5%): The tech giant plans to purchase of Japan Display’s primary smartphone screen factory for ~$820mn. https://reut.rs/2sp3kNp
- Tesla (+0.3%): The carmaker set to start deliveries of China-build Tesla Model 3 as soon as 30 Dec. https://reut.rs/2ZrVwql
- Amazon (+1.5%): The Co. said its current holiday shopping sales topped last year record. https://cnn.it/2Q3xm2q
- Morgan Stanley (+1%): The bank is reportedly joined the other banks with restructuring plans by cutting ~1500 jobs. https://bloom.bg/2F14BNa
- Boeing (-0.2%): Boeing’ senior advisor to the board on the grounding of 737 Max will step down Dec 31. https://bit.ly/37ibbv7
Macro:
- China Industrial profit for November: +5.4% y/y to ¥593.9bn, vs -9.9% y/y in October. https://reut.rs/37beK6b
Commodities:
- WTI (+0.1%): Russia’s EnMin Novak said that OPEC+ stabilized the oil market, but production limits could not last forever. https://bloom.bg/36clkJL
Coming up:
- On Fri (12/27): The EIA report is due at 11:00 AM (EST).