SESSÃO AMERICANA: Wall Street abre sem tendência clara, devido a receios pandémicos

• Rising China – US tensions
• Lockdown restrictions reimposed in California
• Delta Air Lines (DAL.US) and Wells Fargo (WFC.US) quarterly earnings came in worse than expected

US indices opened lower on Tuesday as investors digested a mixed results from the major US banks. Also new new business restrictions in California and rising  U.S.-China tensions weighed on market sentiment. California Governor Gavin Newsom reimposed coronavirus-related restrictions in order to contain the rapid spread of the pandemic. All counties in the state will  close indoor operations for several businesses including restaurants, bars, movie theaters and museums. Also, schools in LA and San Diego announced they will conduct only online classes this fall. At the same time, investors worried about US-China relations after Washington rejected Beijing's claims to offshore resources in most of the South China Sea. The Trump administration is also planning  to withdraw a 2013 auditing agreement that could foreshadow a broader crackdown on U.S.-listed Chinese firms.
On the data front, U.S. consumer prices rebounded in June after three straight monthly declines, but the underlying trend suggested inflation would remain muted and allow the Federal Reserve to keep injecting money into the economy.
S&P500 (US500) failed to stay above the 3172.9 pts resistance level an pulled back. If the current sentiment prevails, the downward move could be extended to the 3067.9 pts handle. Source: xStation5

 

Mohawk Industries (MHK.US) stock plunged 10% after the market close as  the company faces a shareholder class-action lawsuit alleging sales fraud. The flooring company confirmed that is has been subpoenaed by the U.S. Attorney’s Office and SEC and addressed the allegations in an 8-K, saying it “intends to vigorously defend itself.”
Mohawk Industries (MHK.US) launched today’s session with a bearish price gap and is currently testing key $70.00 per share support level. Should downbeat moods prevail, support at $56.18 per may come into play. However if market sentiment changes, then local resistance is located at $90.00 per share. Source:xStation5.

 

Moderna (MRNA.US) stock rose 3% during extended trading after a senior Trump administration official said that U.S. drugmakers are set to start coronavirus vaccine production by the end of the summer. Moderna is one of the leading developers of a Covid-19 vaccine and the company's development work is strongly supported by the US government. Yesterday Moderna’s stock jumped almost 15% on news that the company will join the Nasdaq 100 index beginning July 20, according to Reuters.

 

JPMorgan Chase (JPM.US)  earned $1.38 per share, compared to analysts’ expectations of $1.04. Revenue also came in above forecasts. Company's profits dropped over 50% from a year earlier as bank increased its loan loss reserves to guard against potential loan defaults, but results were helped by record trading revenue.

 

Lockheed Martin (LMT.US) – China will put sanctions on the defense contractor for selling an upgrade package to Taiwan for Patriot surface-to-air missiles. According to Chinese government, any US arms sales to Taiwan constitutes interference in Chinese internal affairs.

 

Delta Air Lines (DAL.US)  reported a second-quarter loss of $4.43 per share, while analysts expected a loss of $4.07. Revenue came in  slightly above forecasts. In company's opinion it will be more than 2 years before the airline industry sees a sustainable recovery from the  pandemic’s impact.

 

Citigroup (C.US) second-quarter results came in above analyst expectations, as higher trading revenue helped offset a slowdown in the company’s consumer banking business. Company earned 50 cents per share while market expected 28 cents per share. Revenue of $19.77 billion also came in above analysts’ expectations of $19.12 billion. Fixed income, currency and commodities trading revenue of $5.6 billion also beat consensus. The bank’s stock climbed more than 1% during  the premarket trading. Citigroup’s fixed income trading revenue represents a 68% year over-year surge and accounted for most of the company’s Markets and Securities Services revenues, which rose 48% to $6.9 billion.

 

Wells Fargo (WFC.US) reported first quarterly loss since the previous financial crisis as the bank set aside $8.4 billion in loan loss reserves tied to the coronavirus pandemic. The bank lost  66 cents a share, whie analysts expected only  20 cents a share loss. Revenue of $17.8 billion also came in below market estimates of $18.4 billion. Company's shares  fell 4.1% in premarket trading.  “We are extremely disappointed in both our second quarter results and our intent to reduce our dividend,” CEO Charlie Scharf said in the release. “Our view of the length and severity of the economic downturn has deteriorated considerably from the assumptions used last quarter, which drove the $8.4 billion addition to our credit loss reserve in the second quarter.”

Este material é uma comunicação de marketing na aceção do artigo 24.º, n.º 3, da Diretiva 2014/65 / UE do Parlamento Europeu e do Conselho, de 15 de maio de 2014, sobre os mercados de instrumentos financeiros e que altera a Diretiva 2002/92 / CE e Diretiva 2011/61/ UE (MiFID II). A comunicação de marketing não é uma recomendação de investimento ou informação que recomenda ou sugere uma estratégia de investimento na aceção do Regulamento (UE) n.º 596/2014 do Parlamento Europeu e do Conselho de 16 de abril de 2014 sobre o abuso de mercado (regulamentação do abuso de mercado) e revogação da Diretiva 2003/6 / CE do Parlamento Europeu e do Conselho e das Diretivas da Comissão 2003/124 / CE, 2003/125 / CE e 2004/72 / CE e do Regulamento Delegado da Comissão (UE ) 2016/958 de 9 de março de 2016 que completa o Regulamento (UE) n.º 596/2014 do Parlamento Europeu e do Conselho no que diz respeito às normas técnicas regulamentares para as disposições técnicas para a apresentação objetiva de recomendações de investimento, ou outras informações, recomendação ou sugestão de uma estratégia de investimento e para a divulgação de interesses particulares ou indicações de conflitos de interesse ou qualquer outro conselho, incluindo na área de consultoria de investimento, nos termos do Código dos Valores Mobiliários, aprovado pelo Decreto-Lei n.º 486/99, de 13 de Novembro. A comunicação de marketing é elaborada com a máxima diligência, objetividade, apresenta os factos do conhecimento do autor na data da preparação e é desprovida de quaisquer elementos de avaliação. A comunicação de marketing é elaborada sem considerar as necessidades do cliente, a sua situação financeira individual e não apresenta qualquer estratégia de investimento de forma alguma. A comunicação de marketing não constitui uma oferta ou oferta de venda, subscrição, convite de compra, publicidade ou promoção de qualquer instrumento financeiro. A XTB, S.A. - Sucursal em Portugal não se responsabiliza por quaisquer ações ou omissões do cliente, em particular pela aquisição ou alienação de instrumentos financeiros. A XTB não aceitará a responsabilidade por qualquer perda ou dano, incluindo, sem limitação, qualquer perda que possa surgir direta ou indiretamente realizada com base nas informações contidas na presente comunicação comercial. Caso o comunicado de marketing contenha informações sobre quaisquer resultados relativos aos instrumentos financeiros nela indicados, estes não constituem qualquer garantia ou previsão de resultados futuros. O desempenho passado não é necessariamente indicativo de resultados futuros, e qualquer pessoa que atue com base nesta informação fá-lo inteiramente por sua conta e risco.