On January 30, the GDP data of many European countries will be released intensively, and the U.S. stock earnings season will usher in a climax.
France kicked off the Eurozone GDP report, with gross domestic product (GDP) growing at 0 quarter-on-quarter in the fourth quarter and barely avoiding a recession in the second half of 2023, which also raised hopes that the eurozone could avoid a recession.
However, Germany's Q4 GDP contracted by 03%, Q3 GDP from previously reported -01% was revised slightly upwards to flat, and Germany narrowly escaped recession once again, as defined by two consecutive quarters of negative growth as a technical recession.
Eurozone Q4 GDP was flat from the preliminary quarter, not falling into the expected recession, year-on-year **01%, in line with expectations.
In the US, the Conference Board will release the US JOLTS Job Openings and Consumer Confidence Index. Global investors are looking forward to Wednesday's Federal Open Market Committee (FOMC) meeting.
The blue-chip Dow fell 018%；The S&P 500** fell 016%；The tech-heavy Nasdaq 100** fell 014%。
Chinese concept stocks and U.S. stocks fell pre-market, Pinduoduo fell nearly 5%, Bilibili fell nearly 4%, and JD.com, Ctrip, and Futu Holdings fell nearly 3%.
UPS's Q4 revenue fell short of expectations and full-year 2024 revenue and earnings guidance fell short of expectations, the report said, due to the negative impact of higher labor costs and lower package demand. As of press time, United Parcel U.S. stocks fell more than 6% in pre-market trading on Tuesday.
According to the financial report, UPS's Q4 revenue was 249$1.7 billion, down 78%, less than analysts' expectations of 254$800 million. Adjusted operating profit was 27$8.7 billion, down 271%;Adjusted operating margin was 112%。Adjusted earnings per share were 2$47, slightly better than analysts' expectations of 2$44, compared to $3 in the same period last year$62.
Looking ahead, UPS expects full-year 2024 revenue to be between $92 billion and $94.5 billion, less than analysts' consensus estimate of $95.7 billion. Adjusted operating margin is expected to be in the range of 100% to 106%, also less than the consensus analyst estimate of 113%。
Pfizer announced its 2023 financial report, showing that its full-year revenue for 2023 was $58.5 billion, and its fourth-quarter revenue was $14.2 billion, with a market expectation of 144$200 million. The new crown drug Paxlovid lost 31$400 million.
Pfizer still expects full-year 2024 revenue of $58.5 billion to $61.5 billion and adjusted earnings per share of $205 to 2$25.
After the release of the earnings report, Pfizer's U.S. stock rose 08%。
GM's Q4 revenue in 2023 is 429$800 million, the market expectation is 389$700 million; Vehicle sales were 1.61 million units, compared to the market expectation of 1.55 million units.
GM expects adjusted earnings per share of 8$50 to $9$50.
After the release of the earnings report, General Motors' U.S. stock rose more than 5% pre-market.
Microsoft's U.S. stock rose 143% of market consensus estimates, Microsoft's Q4 revenue reached 611100 million yuan, a year-on-year increase of **16%, adjusted net profit of 207600 million yuan, a year-on-year increase of **26%. **The analysis pointed out that if you want to judge Microsoft's profit trend, the revenue of Microsoft's Copilot and cloud computing service Azure needs to be closely watched in this financial report, which will become an early barometer of whether AI can be successfully monetized.
Google's U.S. stock rose slightly 016% Google's parent company Alphabet expects revenue for the quarter to increase 13% year-over-year to 710400 million, the fastest growth rate since mid-2022. Google's advertising revenue is widely expected to grow by 118% to $66 billion.
AMD U.S. stocks edged lower in pre-marketAMD will report fourth-quarter results, and analysts expect revenue of 61$100 million, an increase of 92%。Earnings per share were 0$77, a year-on-year increase of **116%。
"We are in no way underestimating Nvidia's leading position, but we believe that the software ecosystem needs to have a second source of ** to overcome the difficulties it is currently facing," Barclays analyst Tom O'Malley raised AMD's price target to $200 from $120
In the early morning of January 30, Supermicro Computer, the "core circle of friends of NVIDIA", announced its results for the second quarter of fiscal year 2024. The company's fiscal second-quarter results and fiscal third-quarter guidance both beat analysts' expectations, driving Supermicro Computer to rise more than 10% in after-hours trading on Monday.
According to the financial report, Supermicro Computer's Q2 revenue was 36US$600 million, a year-on-year increase of 103%, exceeding expectations of US$400 million; Net profit was 2$9.6 billion, compared to $1$7.6 billion; Adjusted earnings per share were 5$59, compared to $3 in the same period last year$26, the market expects $5$16.
As of press time, Supermicro Computer's U.S. stocks rose more than 1051%。
The pan-European stock index rose for 5 consecutive trading days, and after closing last Friday at a new high since January 17, 2022, the Euro Stoxx 600 continued to refresh a two-year high again, up more than 036%, most of the major European country stock indexes**, last week's French stocks that led the rise in various countries slightly**, rose for 5 consecutive days, and German stocks were **after yesterday**.
As of press time, the Euro Stoxx 50 index extended its gains to 03%, Germany's DAX index rose to 019%, France's CAC 40 gain narrowed to 009%。
LVMH, which was the top gainer last week, edged up to **0 today22%, ASML rose nearly 1%.
Tensions in the Red Sea continue to be high, and the EIA's weekly report shows that the US storm caused more than expected losses, and a number of positive factors may push oil prices in the short term.
However, some analysts believe that due to factors such as too much non-OPEC+** and weak demand, it is expected that the space above oil prices is limited. As of press time, Brent** fell back 002% to 81$81 barrel.
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