© Reuters.
博博博博博博 - Before Wednesday's trading session, U.S. stock index futures rose, Trump once again sent a strong signal of a restart of the economy, but weak employment data suppressed market sentiment.
U.S. President Trump said that he would still restart the economy despite the rebound in the number of infections. He said, "Will some people be affected? Yes. Will some people be severely affected? Yes, but we must open our country and we must open as soon as possible."
In addition, data released before the market showed that ADP employment decreased by 20.236 million in April, about 20,000 higher than analysts' expectations of 20.05 million, the worst performance in history. After the data was released, the gains of US stock index futures further narrowed.
The previous trading day, US stocks closed higher, but fell from the intraday high, the Dow Jones Industrial Average rose 0.56%, the S&P 500 rose 0.90%, and the Nasdaq rose 1.13%.
As of 20:20 Beijing time (08:20 am Eastern Time), the U.S. stock market of Investing.com showed that the S&P 500 index futures rose 14.37 points or about 0.5% to 2,872.62 points; Dow Jones futures rose 104 points or about 0.44% to 23,865.0 points; Nasdaq 100 index futures rose 50.37 points or about 0.56% to 8,974.62 points.
Before the market, individual stocks
GM 's first-quarter performance exceeded expectations. It is expected that US factories will resume work on May 18
GM 's first-quarter revenue fell 6.2% year-on-year to US$32.7 billion, but exceeded analysts' expectations of US$31.1 billion. adjusted earnings per share was 62 cents, far exceeding the general expectations of Wall Street 30 cents, but it fell 56% compared with the same period last year. However, 28 cents were affected by the adjustment of equity valuation of online ride-hailing company Lyft and French automaker Peugeot Citroen .
In addition, sales of GM full-size pickup trucks rose by 27%, and market share increased to 41%. GM also said it hopes that US and Canadian businesses will resume work before May 18. Before the market opened, General Motors (NYSE:GM) rose 5.41%.
Battle John 's first-quarter performance was lower than expected, withdrew its full-year performance guidance
pizza chain Battle John 's first-quarter revenue increased from $398.4 million in the same period last year to $409.9 million, but was less than the market's expected $413 million; it turned losses into profits year-on-year, recording a net profit of $8.4 million, or 15 cents per share, but less than the market's expected 39 cents.
Battle John said that due to uncertainty, the full-year profit guidance for 2020 was withdrawn. But said. There is enough cash to maintain operations and can get $350 million in credit.
Currently, about 375 of the 2,100 franchise stores in Papa John worldwide are temporarily closed. However, most stores in North America are still open, some of which only provide delivery services. Before the market opened, Papa John (NASDAQ:PZZA) fell 3.43%.
CVSHealth's first quarter performance exceeded expectations, reiterating its full-year earnings guidance
In the first quarter, CVS Health's earnings per share increased by 17.9% year-on-year to $1.91, exceeding analysts' expectations of $1.62; revenue increased by 8.3% to $66.8 billion, exceeding analysts' expectations of $64.1 billion, partly due to the increase in revenue of its insurance company Aetna and the public health incident that drove the growth of revenue of the drug retail business.
CVS Health reiterates its full-year earnings guidance, with adjusted earnings per share expected to be between $7.04 and $7.17 and operating cash flow between $10.5 billion and $11 billion. Before the market opened, CVS Health (NYSE:CVS) rose 3.90%.
Shopify first-quarter performance exceeded expectations, with revenue increasing by 47% year-on-year
e-commerce software developer Shopify's first-quarter revenue was 47% year-on-year to US$470 million, exceeding the market's expectations of US$443 million. If the number of merchants joining the Shopify platform increased and APPs grew strongly due to the impact of the public health incident; earnings per share was $0.19, far better than the market's expected loss per share of $0.19.
Earlier this month, Shopify withdrew its full-year performance guidance. The company further pointed out in its first quarter financial report that the ability to provide performance guidance for the rest of the year depends on the duration of the public health incident and the degree of impact. Before the market opened, Shopify (NYSE:SHOP) fell 1.91%.
The profit of the American fast food chain Wendy in the first quarter was halved, but the demand for new dishes was strong
The profit of the American fast food chain Wendy in the first quarter fell by more than 50% to $14.4 million, but it was mainly due to increasing investment in breakfast development. The company also announced a cut to 5 cents per share in the quarterly dividend. However, Wendy's same-store sales in the United States remained flat in the first quarter, thanks to strong demand for new dishes offset weak takeaway and packaging revenue. Before the market opened, Wendy (NASDAQ:WEN) rose 6.33%.
Tyson Foods said Tuesday evening that it will resume production at its largest pork factory in the United States on Thursday. The Iowa factory was previously closed indefinitely on April 22 to curb the spread of the new coronavirus. Before the market opened, Tyson Foods (NYSE:TSN) rose 1.19%.
Later Tuesday, Gilead Sciences said it was in discussions with some chemical and drug manufacturers to produce its experimental COVID-19 drug remdesivir for Europe, Asia and developing countries by at least 2022. Before the market opened, Gilead Sciences (NASDAQ:GILD) rose 0.06%.
Disney (NYSE:DIS) fell 0.85%, and Disney's net profit in Q2 dropped by more than 90%, which was inferior to market expectations. However, Disney+ users exceeded 54.5 million, and Disney Shanghai Park will reopen from May 11.
Beyond Meat (NASDAQ:BYND) rose 9.21%, and its revenue and net profit exceeded expectations in Q1, with a growth rate of 141%, and a year-on-year turnaround of losses to profits.
Apple (NASDAQ:AAPL) rose 0.60%%, Netflix (NASDAQ:NFLX) rose 0.49%, Microsoft (NASDAQ:MSFT) rose 0.38%, Amazon (NASDAQ:AMZN) rose 0.24%, Google (NASDAQ:GOOG) rose 0.59%, Facebook (NASDAQ:FB) rose 0.66%, and Twitter (NYSE:TWTR) rose 0.14%.
Tesla (NASDAQ:TSLA) rose 1.06%.
Chinese stocks
According to Zhitong Finance, GSX's net revenue in the first quarter was 1.298 billion yuan, a year-on-year increase of 382%, exceeding the expected 1.15 billion yuan; net profit was 148 million yuan, a year-on-year increase of 336.6%. The number of applicants for paid courses in the first quarter reached 774,000, an increase of 307.4% from 190,000 in the same period last year.
GSX expects net revenue to increase by 331.4% year-on-year to 339.9%. In addition, the board of directors approved a $150 million share buyback program. Before the market opened, GSX (NYSE:GSX) rose 5.22%.
According to reports, in April 2020, NIO delivered 3,155 vehicles, an increase of 180.69% year-on-year and 105.81% month-on-month, and monthly sales were second only to 3,170 vehicles in December 2019. Among them, 2,907 NIO ES6 were delivered, setting a record high. Founder, Chairman and CEO of NIO Li Bin also said that order growth momentum is strong. Before the market opened, NIO (NYSE:NIO) rose 9.76%,
According to media reports, China's independent cloud service provider Kingsoft Cloud said on Tuesday that it will determine the final issue price on Thursday and will be listed on Nasdaq on Friday, with a maximum valuation of US$3.8 billion. However, at this time, Luckin Coffee's financial fraud scandal enveloped Chinese stocks.
Bilibili (NASDAQ:BILI) rose 1.42%, iQiyi (NASDAQ:IQ) rose 1.51%, and Huya (NYSE:HUYA) rose 2.04%.
Alibaba (NYSE:BABA) rose 1.46%, JD (NASDAQ:JD) rose 1.58%, and Pinduoduo Company (NASDAQ:PDD) rose 1.62%.
Baidu (NASDAQ:BIDU) rose 1.08%. Tencent Music (NYSE:TME) rose 0.76%.
Weibo (NASDAQ:WB) rose 2.11%, and Momo (NASDAQ:MOMO) rose 1.30%.
Selected Comments
Due to the shortage of traditional meat products, artificial meat company Beyond Meat's Q1 retail revenue soared by 185%. But the major negative impacts of restaurant closures should not be ignored.
On Tuesday, the US online education leader Chegg rose 32.27%. Financial report data shows that the online education technology company is getting a boost from the public health crisis.
Oil prices finally rebounded after continuous declines, and oil giants have successively released mixed financial reports, but regardless of performance, the large-scale production cuts of oil companies at least show that the recovery of oil demand will be a long and slow process.
Other markets
As of 20:25 Beijing time (08:25 am Eastern Time), Investing.com European stock market shows that most European stock markets fell.The German DAX index fell 0.40%, the French CAC 40 index fell 0.52%, the London FTSE 100 index rose 0.47%, and the Pan-European Stock 50 index fell 0.48%.
The U.S. dollar index futures, which measures the trend of the dollar against a basket of six major currencies, rose 0.37% to 100.132.
New York Commodity Futures Exchange Comex gold futures price fell $6.40 or about 0.37% to $1,704.20 per ounce.
London Brent crude oil fell 84 cents, or about 2.71%, to $30.13 per barrel. US WTI crude oil futures price fell by $1.44 or about 5.86% to $23.12 per barrel.
financial report
Before the market: Wingstop (NASDAQ:WING), American Waste Management Company (NYSE:WM), Barrick Gold (NYSE:GOLD), KKR (NYSE:KKR), Cars.com (NYSE:CARS).
After disk: Square(NYSE:SQ), PayPal(NASDAQ:PYPL), LYFT(NASDAQ:LYFT), Twilio(NYSE:TWLO), Etsy(NASDAQ:ETSY), GrubHub(NYSE:GRUB), Wynn Resort (NASDAQ:WYNN), Fitbit(NYSE:FIT), T-Mobile(NASDAQ:TMUS), GoDaddy(NYSE:GDDY).
All financial reports today, please visit Yingwei Financial Information Investing.com Financial Report Calendar .
Economic data and events
For more economic data, please visit Yingwei Financial Information Investing.com Financial Calendar .
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