Friday, January 27, 2023
Forex Broker News
  • Home
  • Forex Broker Reviews
    • All
    • Preferred Brokers
    • Regulated Brokers
    • Unregulated Brokers

    VastWealth Review

    Stockscale Review

    Fibinex.io Review

    Homefx-Plus Review

    StockHome.io Review

    LegacyFX Review

    Crypto Dock Review

    City Index Review

    Forex.com Review

  • Broker Types
  • Forex & Fintech Jobs
  • News
No Result
View All Result
  • Home
  • Forex Broker Reviews
    • All
    • Preferred Brokers
    • Regulated Brokers
    • Unregulated Brokers

    VastWealth Review

    Stockscale Review

    Fibinex.io Review

    Homefx-Plus Review

    StockHome.io Review

    LegacyFX Review

    Crypto Dock Review

    City Index Review

    Forex.com Review

  • Broker Types
  • Forex & Fintech Jobs
  • News
No Result
View All Result
Forex Broker News
No Result
View All Result
Home News Sources saxo all

Amazon earnings miss; NASDAQ 100 losing steam; IFO expectations showing turning point?

Amazon’s Q4 guidance was a punch in the gut for equities hoping for a beat. This put pressure on Alphabet, Apple and Facebook to deliver next week. Does today’s IFO figures show green shoots?

The biggest event in equities happened last night after the US market close when Amazon reported Q3 earnings which missed on bottom line but delivered a small beat on revenue. But even worse, Amazon put forth Q4 revenue guidance with the high range below consensus estimate which turned out to be the kicker sending the shares down 7% in extended trading closing at 1,660 (red line on chart). Adding salt to the wound AWS Q3 revenue missed estimates as well indicating faster growth decline than anticipated by analysts. This could lead to a change in valuation for Amazon. One of the things mentioned in the Q3 report was rising logistics costs as the company is pushing out one-day shipping for Prime customers. There are two things likely at play here. Walmart is intensifying the competition for Amazon’s e-commerce business and Microsoft is becoming a formidable competitor in the cloud business. It was the second straight quarter of EPS missing estimates which is the first time since 2014.

Amazon is the third
largest component in the NASDAQ 100 Index with a 9% weight so the index will most
likely be weighed down by Amazon in today’s session. Even before Amazon’s earnings the index looked like it was losing steam.
For NASDAQ 100 to print a new all-time high it requires strong earnings
releases from Apple, Facebook and Alphabet, all reporting earnings next week,

that combined represent a weight of 25% of the index.

Yesterday’s France PMI
figures for October indicated that economic activity is stabilizing in Europe
and potentially Europe is getting closer to a turning point. The German IFO survey today shows better
than expected expectations in October at 91.5 vs est. 91.0 and up from 90.9 in
September. Maybe the green shoots are real. However, our view is that macro
indicators are still too mixed to be calling for a turning point, so our
expectation is still for the global economy to slow down further over the
coming months.
The potential catalyst for European equities is more
momentum in European new car registrations, which just recently turned positive
y/y again, and better numbers out of Asia.
If the global leading indicators from OECD turn higher then the global economy
is entering the recovery phase and as
our table below shows, then European and Emerging Market equities are the most
likely winners.
Especially Swedish equities look interesting given their
pro-cyclical nature and the Riskbank’s decision yesterday to take rates to zero
which could add further tailwind to SEK in top of gains from a change in the
business cycle. For foreign investors, Swedish equities could become one of the
best equity markets next year.

Next week is the
busiest in the entire earnings season with around 730 companies reporting
earnings in the universe we track. The table below shows the 30 largest
companies on market value reporting earnings. The key earnings to watch are Alphabet, Amgen, Merck, Pfizer, GlaxoSmithKline,
Apple, Facebook, Sanofi, Bristol-Myers, Novo Nordisk and AbbVie. These are the
bellwethers of the technology and health care sectors, the two largest sectors
in global equity markets,
and thus are very important for equity market
direction and the potential for new highs.

Disclaimer

The Saxo Bank Group entities each provide execution-only service and access to Analysis permitting a person to view and/or use content available on or via the website is not intended to and does not change or expand on this. Such access and use are at all times subject to (i) The Terms of Use; (ii) Full Disclaimer; (iii) The Risk Warning; (iv) the Rules of Engagement and (v) Notices applying to Saxo News & Research and/or its content in addition (where relevant) to the terms governing the use of hyperlinks on the website of a member of the Saxo Bank Group by which access to Saxo News & Research is gained. Such content is therefore provided as no more than information. In particular no advice is intended to be provided or to be relied on as provided nor endorsed by any Saxo Bank Group entity; nor is it to be construed as solicitation or an incentive provided to subscribe for or sell or purchase any financial instrument. All trading or investments you make must be pursuant to your own unprompted and informed self-directed decision. As such no Saxo Bank Group entity will have or be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available on Saxo News & Research or as a result of the use of the Saxo News & Research. Orders given and trades effected are deemed intended to be given or effected for the account of the customer with the Saxo Bank Group entity operating in the jurisdiction in which the customer resides and/or with whom the customer opened and maintains his/her trading account. Saxo News & Research does not contain (and should not be construed as containing) financial, investment, tax or trading advice or advice of any sort offered, recommended or endorsed by Saxo Bank Group and should not be construed as a record of our trading prices, or as an offer, incentive or solicitation for the subscription, sale or purchase in any financial instrument. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, would be considered as a marketing communication under relevant laws.

Please read our disclaimers:
– Notification on Non-Independent Investment Research (https://www.home.saxo/legal/niird/notification)
– Full disclaimer (https://www.home.saxo/legal/disclaimer/saxo-disclaimer)
– Full disclaimer (https://www.home.saxo/en-mena/legal/disclaimer/saxo-disclaimer)

Peter Garnry
Head of Equity Strategy
Saxo Bank
Topics: Equities Amazon.com Facebook Inc USNAS100.I Microsoft Wal-mart Stores Google Apple Corporate Earnings

ADVERTISEMENT
Share196Tweet123ShareSend

Related Posts

saxo all

Maximum support for equities but watch those G7 rates

November 4, 2022
saxo all

FX Update: Muted reaction in FX to US-China trade deal

November 4, 2022
saxo all

APAC Global Macro Morning Brief – Happy Macro Thu 5 Dec 2019: Time Decay & 86400…

November 1, 2022
saxo all

Aussie Consumer Sounds the Alarm

October 31, 2022
saxo all

Four FX charts: USD weak but not yet breaking, AUDJPY and NOK.

October 31, 2022
saxo all

Equity Monthly: Is Sweden signaling spillover into services?

October 31, 2022

Select one of the Best Forex Brokers for your Trading  |  Read the Reviews

VastWealth Review

Stockscale Review

Fibinex.io Review

Homefx-Plus Review

StockHome.io Review

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money. forexbroker.news is an affiliated partner with various Forex brokers and may be compensated for referred Forex traders.

Risk Disclosure: Forexbroker.news assumes no liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and forex signals. Operations in the international foreign exchange market contain high levels of risk. Forex trading may not be suitable for all investors. speculating only the money you can afford to lose. Forexbroker.news remind you that the data contained in this website is not necessarily real-time and may not be accurate. All stock prices, indexes, futures are indicative and not appropriate for trading. Thus, Forexbroker.news assumes no responsibility for any trading losses you might incur as a result of using this data.You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

Disclaimer: It is our organization's primary mission to provide reviews, commentary, and analysis that are unbiased and objective. While ForexBroker.News has some data verified by industry participants, it can vary from time to time. Operating as an online business, this site may be compensated through third party advertisers. Our receipt of such compensation shall not be construed as an endorsement or recommendation by ForexBroker.News, nor shall it bias our reviews, analysis, and opinions.

  • Privacy Policy
  • Contact US
  • Terms of use,

Copyright © 2020 forexbroker.news

No Result
View All Result
  • Home
  • Forex Broker Reviews
  • Broker Types
  • Forex & Fintech Jobs
  • News

© 2020 https://forexbroker.news - Forex Broker news & magazine