Analytics, 28 January 2020
Daily comment Jan 28
- Wall St opens higher ahead of big-tech earnings
- Apple to report F1Q results after the bell
- Boeing secured $12bn in financing
- Huawei to partially build 5G network in UK
- US capital goods orders unexpectedly fell in Dec
- WTI -0.1%
Companies:
- Apple (+1.4%): The Co’ earnings will be closely watched today after the market close. Meanwhile, reports suggest Apple asked iPhone suppliers to boost output more than 10%. https://on.mktw.net/2Rwfw8T
- Boeing (+0.2%) secured ~$12bn in financing to address 737 Max grounding crises. https://cnb.cx/2U3Ui40
- Huawei received a permission from the UK government to build parts of 5G network. https://on.wsj.com/2TYVRA9
- Amazon (+0.3%): MacKenzie Bezos, ex-wife of Amazon’ founder, sold $400mn of her shares. https://cnb.cx/2S922PF
- Saudi Aramco joined oil blockchain platform Vakt buying $5mn of its shares. https://reut.rs/2RANau9
Macro:
- Hong Kong will suspend high-speed rail travel to the mainland, reduce flights and limit individual travel permits beginning Jan 30. Meanwhile, the number of confirmed Coronavirus cases jumped above 4,000. https://on.ft.com/2RzHTDd
- US Core capital goods orders for December: -0.9% m/m vs est. unchanged and +0.1% prior revised. https://reut.rs/2RUR4gu
Commodities:
- WTI (-0.1%): Oil futures fluctuated amid Coronavirus speculation.
- Production in Libya has dropped ~80% 262k bpd since the blockade began 10 days ago. https://bloom.bg/38MdsPK
Coming up:
- Companies to report earnings today: Apple, Pfizer, Xerox, United Technologies, and Starbucks.