Новости за 13.10.2022

Pound, U.K. bonds jump on reports government is weighing further budget U-turn

Real estate services company Redfin Corp. said Thursday that the median U.S. asking rent rose 8.8% from a year ago to $2,002, but that was the slowest year-over-year (YOY) increase since August 2021. That also marked the fourth straight month that YOY growth decelerated, with rents now growing at half the pace of six months ago. "The rental market is coming back down to earth because high rents and economic uncertainty have put an end to the pandemic moving frenzy of 2020 and 2021, when remote... Читать дальше...

Coming at 8:30 a.m. Eastern time: latest inflation and unemployment-claims data

Mark Zuckerberg may be targeting corporate users with Meta Platforms's costly new virtual reality headset, but even if the Meta Quest Pro did appeal to remote workers and others, the timing could not be worse.

Reports the U.K. government may backtrack from its controversial budget plans have stabilized debt markets and sent the pound rallying, ahead of a Friday deadline for central bank emergency report.

Shares of Relmada Therapeutics Inc. RLMD fell 80.0% in premarket trading on Thursday after the biotech said its experimental treatment for major depressive disorder as a monotherapy did not meet the primary endpoint in a Phase 3 clinical trial. The company said it is still enrolling patients in two other late-stage studies assessing the therapy as an adjunctive treatment. Relmada’s stock is up 40.6% this year, while the broader S&P 500 SPX is down 24.7%.

Applied Materials Inc. disclosed Wednesday that a widened ban on sales of certain tech to China will likely cost the chip-equipment manufacturer up to $1.1 billion in sales over six months.

Treasury yields tick lower Thursday as investors await the September reading of the consumer-price index.

A. O. Smith Corp. AOS shares fell 6.4% in premarket trades on Thursday after the water heater maker lowered its sales and profit targets in the face of softness in North America industry volume. The Milwaukee company now expects adjusted third-quarter profit of 69 cents a share and sales of $874 million. Wall Street analysts currently expect the company to earn 88 cents a share on revenue of $974.5 million, according to data provider FactSet. A.O. Smith also cut its 2022 adjusted earnings per share guidance to $3.05 a share to $3.15 a share... Читать дальше...

Gold and silver prices edged up early Thursday as Treasury yields slipped while investors awaited the release of the U.S. September consumer price inflation data.

Shares of Domino’s Pizza Inc. DPZ soared 6% in premarket trade Thursday, after a third-quarter revenue beat offset weaker-than-expected profit . The company posted net income of $100.5 million, or $2.79 a share, for the quarter, down from $120.4 million, or $3.24 a share, in the year-earlier period. Revenue rose to $1.069 billion from $997.9 million a year ago. The FactSet consensus was for EPS of $2.97 and revenue of $1.067 billion. International same-store sales fell 1.6%, while U.S. same-store sales were up 2%. Читать дальше...

The pound GBPUSD rallied and gilt yields BX:TMBMKGB-30Yfell after reports the U.K. government may backtrack on its mini-budget which called for £45 billion of tax cuts. A reporter for Sky News tweeted that sources have said there’s discussion on “which bits might yet be junked” from the controversial budget. Earlier, The Times reported Liz Truss has been told to “rip up” last month’s budget by advisers.

Shares of AMC Entertainment Holdings Inc. extended their selloff toward a 17-month low on Wednesday, after B. Riley analyst Eric Wold slashed his price target on the believe that the post-pandemic box office recovery will be more drawn out that previously forecast.

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Walgreens shares jump on better-than-forecast results

Shares of Walgreens Boots Alliance Inc. jumped 5.5% in premarket trading Thursday, after the drug store and healthcare services company reported fiscal fourth-quarter profit and sales that fell but topped expectations, and raised its long-term target for its U.S. Healthcare business. On a net basis, the company swung to a loss of $415 million, or 48 cents a share, for the quarter to Aug. 31, from income of $627 million, or 72 cents a share, in the year-ago period. Excluding nonrecurring items... Читать дальше...

Acco Brands Corp. ACCO parent to brands including Mead, AT-A-GLANCE, Five Star, and more, issued a profit warning for the third quarter and full year on Thursday, which it blamed on retailers’ more cautious approach to inventory, among other issues. The company is also expecting to take a non-cash goodwill impairment charge in the third quarter. “In Europe, the current energy crisis and persistent inflation has created a more challenging macroeconomic environment, negatively impacting sales and... Читать дальше...

Seaport Research Partners on Thursday downgraded Entegris Inc. ENTG, Huntsman Corp. HUN and Minerals Technologies Inc. MTX to neutral from buy and upgraded Air Products & Chemicals Inc. APD, Ecolab Inc. ECL, Linde Plc LIN, and Sherwin Williams Co. SHW to buy from neutral. “We think the entire group could trade lower as the full impact of higher interest rates and recessionary concerns are baked in, but we expect higher-quality and more defensive names to outperform,” Seaport Research analyst Michael J. Читать дальше...

Shares of Delta Air Lines Inc. DAL climbed 3.49% in premarket trading Thursday after the carrier reported third-quarter revenue significantly above the same period in 2019, before the pandemic hit. Revenue of $13.98 billion was up from $12.56 billion in 2019. Analysts surveyed by FactSet had projected revenue of $12.9 billion. Net income of $695 million, or $1.08 a share, was down from $1.5 billion, or $2.31 a share, in the same period in 2019. Excluding nonrecurring items, Delta’s adjusted earnings per share was $1.51... Читать дальше...

Shares of Fastenal Co. fell 1.2% in premarket trading Thursday, even after the industrial and construction supplies distributor reported third-quarter profit and sales that rose above expectations. Net income increased to $284.6 million, or 50 cents a share, from $243.5 million, or 42 cents a share, in the year-ago period. The FactSet consensus for earnings per share was 50 cents. Sales grew 16.0% to $1.80 billion, topping the FactSet consensus of $1.79 billion. Cost of sales rose more than sales... Читать дальше...

Pfizer shares climb on new data on booster effectiveness

Pfizer Inc. PFE and German partner BioNTech SE BNTX said Thursday early data from a Phase 2/3 clinical trial of their omicron BA.4/BA.5-adapated bivalent booster showed positive results in treating individuals aged 18 and older. The data collected 7 days after administering a 30-ug booster dose showed a “substantial increase” in neutralizing antibodies. The data suggest that the bivalent booster provides better protection against BA.4 and BA.5, the dominant variants globally, than the original vaccine in younger and older adults. Читать дальше...

Shares of BlackRock Inc. was little changed in premarket trading Thursday, after the investment management giant reported third-quarter profit and revenue that fell from a year ago but beat expectations, as strong bond inflows continued while equities declined. Net income declined to $1.41 billion, or $9.25 a share, from $1.68 billion, or $10.89 a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of $9.55 was well above the FactSet consensus of $7.06. Revenue fell 14.6% to $4.31 billion... Читать дальше...

The global tally of COVID cases fell 10% in the week through Oct. 9 from the previous week, the World Health Organization said in its weekly update on the pandemic. The number of fatalities was stable versus the previous week at about 9,000. Omicron remained the dominant variant, accounting for 99.9% of cases sequenced in the last 30 days and forwarded to a central database. The BA.5 descendent lineage remains the dominant subvariant, accounting for 76.2F of cases. U.S. known cases of COVID are... Читать дальше...