AOF analysis closes Wall Street: scattered

On the eve of Thanksgiving, Wall Street closed in scattered order. Investors are concerned about the new wave of Covid hitting Europe and the possibility of an early monetary tightening. In today’s deluge of statistics, traders noted that inflation accelerated further in October. In terms of values, HP shone; Gap plummeted (-24.99%) after lowering its annual targets. The Dow Jones fell 0.03% to 35,804.38 points, while the Nasdaq Composite rose 0.44% to 15,845.23 points.

L’action HP Inc jumped 10.06% to $ 35.45 while the title Dell It was awarded 4.56% at $ 57.28. Investors praised the strong performance of IT groups, which are benefiting from the accelerating digitization of the world. In the fourth quarter, which ended at the end of October, HP Inc reported a 364% increase in net income to $ 3.1 billion, or 2.71 per share. Excluding special items, the printer and personal computer company’s earnings reached 94 cents a share, beating the consensus by 6 cents.

Today’s economic figures

In the United States, 199,000 weekly unemployment claims were recorded during the week of November 20, against a Reuters consensus of 260,000 and after 270,000 the week before (revised figure of 268,000)

In the U.S, durable goods orders it fell 0.5% in October 2021. The consensus forecast a 0.2% increase after -0.4% in September.

According to a second estimate, the United States recorded growth in START from 2.1% at an annualized rate in the third quarter of 2021, compared to + 2% in the first estimate and the Reuters consensus of + 2.2%.

In the U.S, wholesale stocks it rose 2.2% in October 2021, after rising 1.4% in September (revised + 1.1%).

In the United States, the deficit of trade balance It stood at $ -82.9 billion in October 2021, down from $ -97 billion in September (revised from -96.3 billion).

In the U.S, entry of American households grew 0.5% in October 2021 in one month, and its expenses increased by 1.3%. These indicators were expected to rise 0.2% and 1% respectively according to the consensus. In September 2021, American household income had fallen by 1%, while their expenses had increased by + 0.6%.

The PCE price index, the Fed’s preferred inflation measure, rose 0.6% in October 2021 on a monthly basis, compared to + 0.4% (revised from + 0.3%) the previous month and a consensus of Briefing .com by + 0.6%. Excluding volatile elements of energy and food (“basic” data), the index increased 0.4% in one month, compared to + 0.2% in September and a consensus of 0.4%.

In the U.S, sale of new homes totaled 745,000 in October 2021 on an annual basis, compared with 742,000 in September (revised figure of 800,000) and a consensus of of 800,000.

In the United States, the rate of consumer confidence from the University of Michigan stood at 67.4 in November 2021, according to a final estimate. The previous estimate was 66.8. In October, the index stood at 71.7.

the report of the last monetary policy meeting of the fed will be available at 8 pm

The values ​​to follow today


Dell reported third-quarter net income of $ 3.89 billion, or $ 4.87 per share, down from $ 832 million a year earlier, or $ 1.08 per share. Excluding exceptional items, EPS stood at $ 2.37, above the consensus that anticipated $ 2.3. IT group revenue increased 21% to $ 28.39 billion, while analysts surveyed by FactSet were targeting $ 27.37 billion. PC sales increased 34% to $ 16.5 billion, outpacing both the domestic and business segments.


HP Inc delivered results that exceeded expectations. In the fourth quarter, which ended at the end of October, the company specializing in personal computers and printers achieved a net profit of up to 364% at 3.1 billion dollars, or 2.71 per share. Excluding special items, earnings reached 94 cents per share, beating consensus by 6 cents. Its revenues grew 9.3% (+ 6.9% at constant exchange rates) to $ 16.68 billion. It is 8.58% higher than expected. PC and printer maker expects adjusted earnings per share of $ 4.07 to $ 4.27 in fiscal 2022


Gap on Tuesday night posted a loss of $ 152 million in the third quarter of 2021, or 40 cents a share, after earnings of 95 million, or 25 cents a share, a year earlier at the same time. Adjusted for exceptional items, EPS was 27 cents. Sales of the famous ready-to-wear group fell 1.3% to $ 3,943 million. The FactSet consensus pointed to a net profit of $ 191 million and revenue of $ 4.43 billion. gap has acknowledged that it faces significant supply problems.


In the third quarter of 2021, Nordstrom made a profit of 39 cents a share, compared to 34 last year at the same time. Analysts, however, expected much better, at 57 cents a share. However, revenue beat expectations, at $ 3.64 billion (+ 18% for one year, but -1% for two years), for a consensus of 3.5 billion. The fashion retailer is also experiencing significant inventory and cost problems related to supply difficulties, and “may have a hard time winning customers back.”


Elon Musk sold an additional $ 1.05 billion in Tesla stock, according to a regulatory filing released Tuesday. At the same time, the CEO of the electric vehicle manufacturer also exercised an option to buy 2.15 million shares. In total, Elon Musk sold nearly $ 10 billion in Tesla stock in November.

source: AOF

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