U.S. SHORT-TERM INTEREST-RATE FUTURES RISE AFTER INFLATION DATA, REFLECTING RISING BETS ON FURTHER FED RATE CUTS
Day: September 27, 2024
📰 U.S WHOLESALE INVENTORIES (MOM) (AUG) ACTUAL: 0.2% VS 0.2% PREVIOUS; EST 0.2%
U.S WHOLESALE INVENTORIES (MOM) (AUG) ACTUAL: 0.2% VS 0.2% PREVIOUS; EST 0.2%
📰 U.S PCE PRICE INDEX (MOM) (AUG) ACTUAL: 0.1% VS 0.2% PREVIOUS; EST 0.1% U.S PCE PRICE INDEX (YOY) (AUG) ACTUAL: 2.2% VS 2.5% PREVIOUS; EST 2.3% U.S CORE PCE PRICE INDEX (MOM) (AUG) ACTUAL: 0.1% VS 0.2% PREVIOUS; EST 0.2% U.S CORE PCE PRICE INDEX (YOY) (AUG) ACTUAL: 2.7% VS 2.6% PREVIOUS; EST 2.7%
U.S PCE PRICE INDEX (MOM) (AUG) ACTUAL: 0.1% VS 0.2% PREVIOUS; EST 0.1% U.S PCE PRICE…
📰 $GOOGL – GOOGLE ENGINEERS ARE INVESTIGATING AN ISSUE WITH VMWARE ENGINE – STATUS PAGE
$GOOGL – GOOGLE ENGINEERS ARE INVESTIGATING AN ISSUE WITH VMWARE ENGINE – STATUS PAGE
📰 🔸PCE DATA LIKELY TO LEAVE OPEN FOR HALF-POINT CUT IN NOVEMBER Many forecasters are confident that core PCE inflation will come in below 0.2% month over month when the data are released at 8:30am ET. A modest reading in the 0.1% range would likely keep the 12-month core PCE inflation rate above the Fed’s 2% target–somewhere around 2.3%. But annualized inflation over the last three months would land somewhere around 1.8% to 1.9%, according to JPMorgan economists, which could keep another 50-basis-point rate cut open for the Fed in November. If no surprise comes today, the September jobs report in one week will provide a clearer signal, JPMorgan writes
🔸PCE DATA LIKELY TO LEAVE OPEN FOR HALF-POINT CUT IN NOVEMBER Many forecasters are confident that…
📰 $WMT – A BIG WALMART BULL GROWS MORE BULLISH Walmart bull Citi boosts its target price to $98 from $75, citing increased near- and long-term conviction about shares of the retail behemoth. In a research note, Citi says it believes Walmart has had a strong back-to-school season, and the analysts expect that momentum to last into the crucial holiday season. Longer-term, Citi says it thinks Walmart’s higher-margin growth opportunities will help drive higher sales and EBIT margins and change the way investors think of the retailer. Citi reiterates its buy rating on Walmart shares and says the stock remains its top retail pick. Walmart up 0.5% premarket to $80.30.
$WMT – A BIG WALMART BULL GROWS MORE BULLISH Walmart bull Citi boosts its target price…
📰 STOCKS ON THE MOVE $ONCO, up 82.4% $CNEY, up 57.8% $BMY: up 4.4% premarket, Gains as FDA approves its schizophrenia drug China ADRs extend their rally on latest stimulus push $BABA: up 0.4% premarket $JD: up 2.6% premarket $PDD, up 1.33% premarket $LI: up 0.4% premarket $SAVA: down 11.7% premarket, after SEC charges co for misleading Alzheimer’s drug trial claims $COST: down 1.0% premarket, after Q4 results; brokerages hike PT $DG: down 2.5% premarket, Citi downgrades Dollar General citing tough sales recovery as Walmart takes market share $ESTA: up 27.3% premarket, on US FDA nod for Motiva breast implants $KMX: up 0.7% premarket, Brokerages raise Carmax PT on expectations of recovery in US used car market $WVE: up 2.2% premarket, JP Morgan resumes coverage with ‘overweight’ $IONQ: up 8.1% premarket, Gains on $54.5 mln contract with US Air Force Research Lab $BMBL: down 2.2% premarket, Down after KeyBanc downgrades to ‘sector weight’
STOCKS ON THE MOVE $ONCO, up 82.4% $CNEY, up 57.8% $BMY: up 4.4% premarket, Gains as…