Dj Ceo Thakar Registers 28000 Of Qualys Inc >Qlys

Zacks Investment Research

December S&P 500 E-Mini futures (ESZ24) are up +0.27%, and December Nasdaq 100 E-Mini futures (NQZ24) are up +0.33% this morning, extending their post-Election Day gains, while investors looked ahead to the Federal Reserve’s interest rate decision.

In yesterday’s trading session, Wall Street’s major indexes ended sharply higher, with the benchmark S&P 500, the blue-chip Dow, and the tech-heavy Nasdaq 100 notching new all-time highs. Tesla surged over +14% and was the top percentage gainer on the Nasdaq 100 amid speculation that the company could be a major beneficiary of Trump’s return to the White House. Also, bank stocks jumped on expectations that the Trump administration would relax regulations for the industry, with Discover Financial Services climbing more than +20% to lead gainers in the S&P 500 and Goldman Sachs rising over +13% to lead gainers in the Dow. In addition, Qualys soared more than +24% after the company posted upbeat Q3 results and boosted its full-year guidance. On the bearish side, Super Micro Computer plummeted about -18% and was the top percentage loser on the S&P 500 and Nasdaq 100 after reporting mixed preliminary FQ1 results and providing below-consensus FQ2 guidance.

“For now, investor sentiment is pro-growth, pro-deregulation, and pro-markets,” said David Bahnsen, chief investment officer at The Bahnsen Group. “There is also an assumption that M&A activity will pick up and that more tax cuts are coming or the existing ones will be extended. This creates a strong backdrop for stocks.”

Today, all eyes are focused on the Federal Reserve’s monetary policy decision later in the day. Fed officials are widely expected to lower their benchmark interest rate by a quarter percentage point as inflation continues to move closer to the 2% target. They have projected another quarter-point reduction this year in December and an additional full point of cuts in 2025, according to the median estimate released in September. Investor attention will also be on Powell’s press conference, where he is anticipated to offer guidance on the Fed’s trajectory for interest rate cuts in the upcoming quarters.

On the earnings front, notable companies like Arista Networks , Airbnb , Warner Bros. Discovery , The Trade Desk , Monster Beverage , Block , Datadog , Hershey , and Duke Energy are slated to release their quarterly results today. According to Bloomberg Intelligence, companies in the S&P 500 are expected to post an average +4.3% increase in quarterly earnings for Q3 compared to the previous year, down from +7.9% growth projected in mid-July.

On the economic data front, investors will focus on U.S. Initial Jobless Claims data, which is set to be released in a couple of hours. Economists estimate this figure to arrive at 223K, compared to last week’s number of 216K.

U.S. Unit Labor Costs and Nonfarm Productivity preliminary data will also be closely watched today. Economists forecast Q3 Unit Labor Costs to be +1.1% q/q and Nonfarm Productivity to stand at +2.6% q/q, compared to the second-quarter numbers of +0.4% q/q and +2.5% q/q, respectively.

U.S. Wholesale Inventories data will come in today. Economists expect the September figure to be -0.1% m/m, compared to +0.1% m/m in August.

U.S. Consumer Credit data will be reported today as well. Economists forecast this figure to be $12.20B in September, compared to the previous figure of $8.93B.

In the bond market, the yield on the benchmark 10-year U.S. Treasury note is at 4.422%, down -0.20%.

The Euro Stoxx 50 futures are up +0.81% this morning as investors continued to digest Donald Trump’s presidential election victory and political turmoil in Germany, while also awaiting monetary policy decisions from the Federal Reserve and the Bank of England. Bank and mining stocks outperformed on Thursday. Data from the Federal Statistical Office released on Thursday showed that Germany’s industrial production and exports fell more than expected in September, adding to the country’s woes. Separately, EU statistics agency Eurostat reported Thursday that Eurozone retail sales grew much stronger than expected in September, indicating that private consumption is finally beginning to pick up. Meanwhile, market participants are positioning in anticipation of quarter-point rate cuts from the Federal Reserve and the Bank of England later today. On the negative side, political uncertainty is rampant in Europe’s largest economy after German Chancellor Olaf Scholz said on Wednesday that he would call a confidence vote on January 15th, potentially setting the stage for a snap federal election in March. This came after Scholz dismissed his Finance Minister Christian Lindner, effectively bringing the current governing coalition to an end. In corporate news, Banco Bpm Spa (BAMI.M.DX) surged over +8% on plans to pursue full ownership of asset manager Anima Holding in a deal valued at up to 1.6 billion euros ($1.7 billion).

Germany’s Exports, Germany’s Imports, Germany’s Industrial Production, and Eurozone’s Retail Sales data were released today.

The German September Exports came in at -1.7% m/m, weaker than expectations of -1.4% m/m.

The German September Imports stood at +2.1% m/m, stronger than expectations of +0.5% m/m.

The German September Industrial Production has been reported at -2.5% m/m, weaker than expectations of -1.1% m/m.

Eurozone September Retail Sales arrived at +0.5% m/m and +2.9% y/y, stronger than expectations of +0.4% m/m and +1.3% y/y.

Asian stock markets today settled mixed. China’s Shanghai Composite Index (SHCOMP) closed up +2.57%, and Japan’s Nikkei 225 Stock Index (NIK) closed down -0.25%.

China’s Shanghai Composite Index closed sharply higher today. The rally was driven by expectations that Beijing might introduce more aggressive stimulus measures to offset any negative impact from Trump’s return to the White House. Brokers and insurance stocks led the gains on Thursday. Customs data showed on Thursday that China’s exports rose at the quickest rate in over two years in October, offering essential support for an economy striving to regain momentum. Meanwhile, Chinese policymakers slashed the daily reference rate for the yuan to the lowest level since late 2023, indicating that the People’s Bank of China is allowing depreciation amid potential trade tensions with the U.S. under a Donald Trump presidency. In other news, Bloomberg reported that China’s regulators urged the nation’s banks to reduce the rates paid on demand deposits from other financial institutions, aiming to free up idle funds to stimulate the economy. Investors are currently awaiting updates from the ongoing Standing Committee meeting of the National People’s Congress, with expectations for an additional 6 trillion yuan in fiscal stimulus over the next three years.

The Chinese October Trade Balance stood at $95.72B, stronger than expectations of $73.50B.

The Chinese October Exports came in at +12.7% y/y, stronger than expectations of +5.0% y/y.

The Chinese October Imports arrived at -2.3% y/y, weaker than expectations of -1.5% y/y.

Japan’s Nikkei 225 Stock Index closed marginally lower today, likely due to position adjustments by investors ahead of the Fed decision scheduled for later today. Retail, healthcare, and technology stocks weighed on the index on Thursday. Government data released on Thursday showed that Japan’s inflation-adjusted wages fell 0.1% in September, marking the second consecutive monthly drop and highlighting the negative effect of persistently high prices on nominal wages. Meanwhile, the yen strengthened following remarks from Atsushi Mimura, Japan’s chief currency official, who stated that authorities would take appropriate action against excessive currency movements. Investors also kept their attention on the wider economic implications of Donald Trump’s U.S. presidential election victory, both globally and for Japanese firms. Citi Research strategist Ryota Sakagami said in a note that if the recent Trump trades of equity strength, long-term yield gains, and yen weakness persist, these factors are expected to fuel a rally in Japanese equities around the turn of the year. The Nikkei Volatility, which takes into account the implied volatility of Nikkei 225 options, closed up +19.19% to 27.52.

Pre-Market U.S. Stock Movers

Qualcomm climbed over +7% in pre-market trading after the semiconductor company posted upbeat FQ4 results, gave strong FQ1 guidance, and announced a new $15 billion buyback program.

e.l.f. Beauty surged more than +9% in pre-market trading after the company reported better-than-expected FQ2 results and raised its full-year guidance.

Lyft soared over +22% in pre-market trading after reporting stronger-than-expected Q3 revenue and boosting its full-year guidance.

Applovin jumped more than +28% in pre-market trading after the company posted upbeat Q3 results and issued above-consensus Q4 revenue guidance.

Arm Holdings slid over -6% in pre-market trading after the semiconductor design company provided weaker-than-expected FQ3 revenue guidance.

Today’s U.S. Earnings Spotlight: Thursday - November 7th

Arista Networks (ANET), Airbnb (ABNB), Duke Energy (DUK), Motorola (MSI), Transdigm (TDG), EOG Resources (EOG), Becton Dickinson (BDX), Air Products (APD), CRH (CRH), Fortinet (FTNT), The Trade Desk (TTD), Monster Beverage (MNST), TC Energy (TRP), Block (SQ), Kenvue (KVUE), PG E (PCG), Datadog (DDOG), Vistra Energy (VST), Hershey Co (HSY), Axon Enterprise (AXON), Rockwell Automation (ROK), Barrick Gold (GOLD), Cloudflare (NET), Mettler-Toledo (MTD), Wheaton Precious Metals (WPM), Halliburton (HAL), BCE Inc (BCE), Corpay (CPAY), Pinterest (PINS), Cameco (CCJ), Expedia (EXPE), Warner Bros Discovery (WBD), Moderna (MRNA), Carlyle Group (CG), DraftKings (DKNG), News Corp (NWS), Toast (TOST), Dynatrace Inc (DT), Insulet (PODD), News Corp (NWSA), US Foods (USFD), Bentley (BSY), Akamai (AKAM), Affirm Holdings (AFRM), Credicorp (BAP), Evergy (EVRG), Viatris (VTRS), Endeavor Group (EDR), Ralph Lauren (RL), Solventum (SOLV), Molson Coors Brewing (TAPa), Tapestry (TPR), EPAM Systems (EPAM), Ovintiv (OVV), Rivian Automotive (RIVN), UWM Holdings (UWMC), Stantec (STN), Sendas Distribuidora (ASAI), Dropbox (DBX), MACOM Tech (MTSI), Tempur Sealy International (TPX), H&R Block (HRB), Unity Software (U), Doximity (DOCS), Stepstone (STEP), Planet Fitness Inc (PLNT), Genpact (G), Americold Realty (COLD), OneStream (OS), Bill Com (BILL), Installed Building (IBP), Arcadium Lithium (ALTM), Red Rock Resorts (RRR), Nexstar (NXST), Nova (NVMI), Clear Secure (YOU), Sealed Air (SEE), Air Lease (AL), Civitas Resources (CIVI), Lumentum Holdings Inc (LITE), Dentsply (XRAY), Murphy Oil (MUR), Upstart (UPST), Nuscale Power (SMR), Millicom (TIGO), PACS (PACS), ADMA Biologics Inc (ADMA), RXO Inc (RXO), Nelnet (NNI), Sweetgreen (SG), Main Street Capital (MAIN), Primo Water (PRMW), Cogent (CCOI), Hilton Grand Vacations (HGV), Haemonetics (HAE), Acushnet Holdings (GOLF), DXC Technology (DXC), Hagerty (HGTY), Prestige Consumer Health (PBH), Under Armour (UAA), Oscar Health (OSCR), Walker&Dunlop (WD), Sportradar (SRAD), Kratos Defense&Security (KTOS), Algonquin Power (AQN), Iovance Biotherapeutics (IOVA), Jfrog (FROG), Envestnet (ENV), Blackline (BL), MDU Resources (MDU), Ringcentral Inc (RNG), Globalstar Inc (GSAT), CarGurus (CARG), Tidewater (TDW), Tecnoglass (TGLS), PTC Therapeutics (PTCT), United Parks Resorts (PRKS), MP Materials (MP), Steven Madden (SHOO), Resideo Tech (REZI), Brighthouse Financial (BHF), Burford (BUR), ACV Auctions (ACVA), LCI Industries (LCII), Playtika (PLTK), Diodes (DIOD), IAMGold (IAG), Appian (APPN), Astrana Health (ASTH), PENN Entertainment (PENN), Tegna (TGNA), YETI (YETI), Synaptics (SYNA), Alarm.com Holdings (ALRM), Geo (GEO), Evolent Health Inc (EVH), Chesapeake Utilities (CPK), Medical Properties (MPW), Sunrun Inc (RUN), Lifestance Health Group (LFST), Geron (GERN), Quidel (QDEL), Capri Holdings (CPRI), Bloom Energy (BE), Grindr (GRND), Privia Health Group (PRVA), Hanesbrands (HBI), Avepoint (AVPT), Lightspeed Commerce (LSPD), Strategic Education (STRA), Five9 (FIVN), New Fortress Energy (NFE), Goodrx (GDRX), Vericel Corp Ord (VCEL), NAble (NABL), Jamf (JAMF), Cable One Inc (CABO), Flywire (FLYW), Ziff Davis (ZD), International Seaways (INSW), Warby Parker (WRBY), Rxsight (RXST), Ligand (LGND), Krispy Kreme (DNUT), MannKind (MNKD), NCR (VYX), Semrush Holdings (SEMR).

On the date of publication, Oleksandr Pylypenko did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policyhere.

December S&P 500 E-Mini futures (ESZ24) are up +0.11%, and December Nasdaq 100 E-Mini futures (NQZ24) are up +0.18% this morning, maintaining their post-Election Day gains, while investors looked ahead to the Federal Reserve’s interest rate decision.

In yesterday’s trading session, Wall Street’s major indexes ended sharply higher, with the benchmark S&P 500, the blue-chip Dow, and the tech-heavy Nasdaq 100 notching new all-time highs. Tesla surged over +14% and was the top percentage gainer on the Nasdaq 100 amid speculation that the company could be a major beneficiary of Trump’s return to the White House. Also, bank stocks jumped on expectations that the Trump administration would relax regulations for the industry, with Discover Financial Services climbing more than +20% to lead gainers in the S&P 500 and Goldman Sachs rising over +13% to lead gainers in the Dow. In addition, Qualys soared more than +24% after the company posted upbeat Q3 results and boosted its full-year guidance. On the bearish side, Super Micro Computer plummeted about -18% and was the top percentage loser on the S&P 500 and Nasdaq 100 after reporting mixed preliminary FQ1 results and providing below-consensus FQ2 guidance.

“For now, investor sentiment is pro-growth, pro-deregulation, and pro-markets,” said David Bahnsen, chief investment officer at The Bahnsen Group. “There is also an assumption that M&A activity will pick up and that more tax cuts are coming or the existing ones will be extended. This creates a strong backdrop for stocks.”

Today, all eyes are focused on the Federal Reserve’s monetary policy decision later in the day. Fed officials are widely expected to lower their benchmark interest rate by a quarter percentage point as inflation continues to move closer to the 2% target. They have projected another quarter-point reduction this year in December and an additional full point of cuts in 2025, according to the median estimate released in September. Investor attention will also be on Powell’s press conference, where he is anticipated to offer guidance on the Fed’s trajectory for interest rate cuts in the upcoming quarters.

On the earnings front, notable companies like Arista Networks , Airbnb , Warner Bros. Discovery , The Trade Desk , Monster Beverage , Block , Datadog , Hershey , and Duke Energy are slated to release their quarterly results today. According to Bloomberg Intelligence, companies in the S&P 500 are expected to post an average +4.3% increase in quarterly earnings for Q3 compared to the previous year, down from +7.9% growth projected in mid-July.

On the economic data front, investors will focus on U.S. Initial Jobless Claims data, which is set to be released in a couple of hours. Economists estimate this figure to arrive at 223K, compared to last week’s number of 216K.

U.S. Unit Labor Costs and Nonfarm Productivity preliminary data will also be closely watched today. Economists forecast Q3 Unit Labor Costs to be +1.1% q/q and Nonfarm Productivity to stand at +2.6% q/q, compared to the second-quarter numbers of +0.4% q/q and +2.5% q/q, respectively.

U.S. Wholesale Inventories data will come in today. Economists expect the September figure to be -0.1% m/m, compared to +0.1% m/m in August.

U.S. Consumer Credit data will be reported today as well. Economists forecast this figure to be $12.20B in September, compared to the previous figure of $8.93B.

In the bond market, the yield on the benchmark 10-year U.S. Treasury note is at 4.422%, down -0.20%.

The Euro Stoxx 50 futures are up +0.81% this morning as investors continued to digest Donald Trump’s presidential election victory and political turmoil in Germany, while also awaiting monetary policy decisions from the Federal Reserve and the Bank of England. Bank and mining stocks outperformed on Thursday. Data from the Federal Statistical Office released on Thursday showed that Germany’s industrial production and exports fell more than expected in September, adding to the country’s woes. Separately, EU statistics agency Eurostat reported Thursday that Eurozone retail sales grew much stronger than expected in September, indicating that private consumption is finally beginning to pick up. Meanwhile, market participants are positioning in anticipation of quarter-point rate cuts from the Federal Reserve and the Bank of England later today. On the negative side, political uncertainty is rampant in Europe’s largest economy after German Chancellor Olaf Scholz said on Wednesday that he would call a confidence vote on January 15th, potentially setting the stage for a snap federal election in March. This came after Scholz dismissed his Finance Minister Christian Lindner, effectively bringing the current governing coalition to an end. In corporate news, Banco Bpm Spa (BAMI.M.DX) surged over +8% on plans to pursue full ownership of asset manager Anima Holding in a deal valued at up to 1.6 billion euros ($1.7 billion).

Germany’s Exports, Germany’s Imports, Germany’s Industrial Production, and Eurozone’s Retail Sales data were released today.

The German September Exports came in at -1.7% m/m, weaker than expectations of -1.4% m/m.

The German September Imports stood at +2.1% m/m, stronger than expectations of +0.5% m/m.

The German September Industrial Production has been reported at -2.5% m/m, weaker than expectations of -1.1% m/m.

Eurozone September Retail Sales arrived at +0.5% m/m and +2.9% y/y, stronger than expectations of +0.4% m/m and +1.3% y/y.

Asian stock markets today settled mixed. China’s Shanghai Composite Index (SHCOMP) closed up +2.57%, and Japan’s Nikkei 225 Stock Index (NIK) closed down -0.25%.

China’s Shanghai Composite Index closed sharply higher today. The rally was driven by expectations that Beijing might introduce more aggressive stimulus measures to offset any negative impact from Trump’s return to the White House. Brokers and insurance stocks led the gains on Thursday. Customs data showed on Thursday that China’s exports rose at the quickest rate in over two years in October, offering essential support for an economy striving to regain momentum. Meanwhile, Chinese policymakers slashed the daily reference rate for the yuan to the lowest level since late 2023, indicating that the People’s Bank of China is allowing depreciation amid potential trade tensions with the U.S. under a Donald Trump presidency. In other news, Bloomberg reported that China’s regulators urged the nation’s banks to reduce the rates paid on demand deposits from other financial institutions, aiming to free up idle funds to stimulate the economy. Investors are currently awaiting updates from the ongoing Standing Committee meeting of the National People’s Congress, with expectations for an additional 6 trillion yuan in fiscal stimulus over the next three years.

The Chinese October Trade Balance stood at $95.72B, stronger than expectations of $73.50B.

The Chinese October Exports came in at +12.7% y/y, stronger than expectations of +5.0% y/y.

The Chinese October Imports arrived at -2.3% y/y, weaker than expectations of -1.5% y/y.

Japan’s Nikkei 225 Stock Index closed marginally lower today, likely due to position adjustments by investors ahead of the Fed decision scheduled for later today. Retail, healthcare, and technology stocks weighed on the index on Thursday. Government data released on Thursday showed that Japan’s inflation-adjusted wages fell 0.1% in September, marking the second consecutive monthly drop and highlighting the negative effect of persistently high prices on nominal wages. Meanwhile, the yen strengthened following remarks from Atsushi Mimura, Japan’s chief currency official, who stated that authorities would take appropriate action against excessive currency movements. Investors also kept their attention on the wider economic implications of Donald Trump’s U.S. presidential election victory, both globally and for Japanese firms. Citi Research strategist Ryota Sakagami said in a note that if the recent Trump trades of equity strength, long-term yield gains, and yen weakness persist, these factors are expected to fuel a rally in Japanese equities around the turn of the year. The Nikkei Volatility, which takes into account the implied volatility of Nikkei 225 options, closed up +19.19% to 27.52.

Pre-Market U.S. Stock Movers

Qualcomm climbed over +7% in pre-market trading after the semiconductor company posted upbeat FQ4 results, issued strong FQ1 guidance, and announced a new $15 billion buyback program.

e.l.f. Beauty surged more than +9% in pre-market trading after the company reported better-than-expected FQ2 results and raised its full-year guidance.

Lyft soared over +22% in pre-market trading after reporting stronger-than-expected Q3 revenue and boosting its full-year guidance.

Today’s U.S. Earnings Spotlight: Thursday - November 7th

Arista Networks (ANET), Airbnb (ABNB), Duke Energy (DUK), Motorola (MSI), Transdigm (TDG), EOG Resources (EOG), Becton Dickinson (BDX), Air Products (APD), CRH (CRH), Fortinet (FTNT), The Trade Desk (TTD), Monster Beverage (MNST), TC Energy (TRP), Block (SQ), Kenvue (KVUE), PG E (PCG), Datadog (DDOG), Vistra Energy (VST), Hershey Co (HSY), Axon Enterprise (AXON), Rockwell Automation (ROK), Barrick Gold (GOLD), Cloudflare (NET), Mettler-Toledo (MTD), Wheaton Precious Metals (WPM), Halliburton (HAL), BCE Inc (BCE), Corpay (CPAY), Pinterest (PINS), Cameco (CCJ), Expedia (EXPE), Warner Bros Discovery (WBD), Moderna (MRNA), Carlyle Group (CG), DraftKings (DKNG), News Corp (NWS), Toast (TOST), Dynatrace Inc (DT), Insulet (PODD), News Corp (NWSA), US Foods (USFD), Bentley (BSY), Akamai (AKAM), Affirm Holdings (AFRM), Credicorp (BAP), Evergy (EVRG), Viatris (VTRS), Endeavor Group (EDR), Ralph Lauren (RL), Solventum (SOLV), Molson Coors Brewing (TAPa), Tapestry (TPR), EPAM Systems (EPAM), Ovintiv (OVV), Rivian Automotive (RIVN), UWM Holdings (UWMC), Stantec (STN), Sendas Distribuidora (ASAI), Dropbox (DBX), MACOM Tech (MTSI), Tempur Sealy International (TPX), H&R Block (HRB), Unity Software (U), Doximity (DOCS), Stepstone (STEP), Planet Fitness Inc (PLNT), Genpact (G), Americold Realty (COLD), OneStream (OS), Bill Com (BILL), Installed Building (IBP), Arcadium Lithium (ALTM), Red Rock Resorts (RRR), Nexstar (NXST), Nova (NVMI), Clear Secure (YOU), Sealed Air (SEE), Air Lease (AL), Civitas Resources (CIVI), Lumentum Holdings Inc (LITE), Dentsply (XRAY), Murphy Oil (MUR), Upstart (UPST), Nuscale Power (SMR), Millicom (TIGO), PACS (PACS), ADMA Biologics Inc (ADMA), RXO Inc (RXO), Nelnet (NNI), Sweetgreen (SG), Main Street Capital (MAIN), Primo Water (PRMW), Cogent (CCOI), Hilton Grand Vacations (HGV), Haemonetics (HAE), Acushnet Holdings (GOLF), DXC Technology (DXC), Hagerty (HGTY), Prestige Consumer Health (PBH), Under Armour (UAA), Oscar Health (OSCR), Walker&Dunlop (WD), Sportradar (SRAD), Kratos Defense&Security (KTOS), Algonquin Power (AQN), Iovance Biotherapeutics (IOVA), Jfrog (FROG), Envestnet (ENV), Blackline (BL), MDU Resources (MDU), Ringcentral Inc (RNG), Globalstar Inc (GSAT), CarGurus (CARG), Tidewater (TDW), Tecnoglass (TGLS), PTC Therapeutics (PTCT), United Parks Resorts (PRKS), MP Materials (MP), Steven Madden (SHOO), Resideo Tech (REZI), Brighthouse Financial (BHF), Burford (BUR), ACV Auctions (ACVA), LCI Industries (LCII), Playtika (PLTK), Diodes (DIOD), IAMGold (IAG), Appian (APPN), Astrana Health (ASTH), PENN Entertainment (PENN), Tegna (TGNA), YETI (YETI), Synaptics (SYNA), Alarm.com Holdings (ALRM), Geo (GEO), Evolent Health Inc (EVH), Chesapeake Utilities (CPK), Medical Properties (MPW), Sunrun Inc (RUN), Lifestance Health Group (LFST), Geron (GERN), Quidel (QDEL), Capri Holdings (CPRI), Bloom Energy (BE), Grindr (GRND), Privia Health Group (PRVA), Hanesbrands (HBI), Avepoint (AVPT), Lightspeed Commerce (LSPD), Strategic Education (STRA), Five9 (FIVN), New Fortress Energy (NFE), Goodrx (GDRX), Vericel Corp Ord (VCEL), NAble (NABL), Jamf (JAMF), Cable One Inc (CABO), Flywire (FLYW), Ziff Davis (ZD), International Seaways (INSW), Warby Parker (WRBY), Rxsight (RXST), Ligand (LGND), Krispy Kreme (DNUT), MannKind (MNKD), NCR (VYX), Semrush Holdings (SEMR).

On the date of publication, Oleksandr Pylypenko did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policyhere.

December S&P 500 E-Mini futures (ESZ24) are up +0.18%, and December Nasdaq 100 E-Mini futures (NQZ24) are up +0.22% this morning, extending their post-Election gains, while investors looked ahead to the Federal Reserve’s interest rate decision.

In yesterday’s trading session, Wall Street’s major indexes ended sharply higher, with the benchmark S&P 500, the blue-chip Dow, and the tech-heavy Nasdaq 100 notching new all-time highs. Tesla surged over +14% and was the top percentage gainer on the Nasdaq 100 amid speculation that the company could be a major beneficiary of Trump’s return to the White House. Also, bank stocks jumped on expectations that the Trump administration would relax regulations for the industry, with Discover Financial Services climbing more than +20% to lead gainers in the S&P 500 and Goldman Sachs rising over +13% to lead gainers in the Dow. In addition, Qualys soared more than +24% after the company posted upbeat Q3 results and boosted its full-year guidance. On the bearish side, Super Micro Computer plummeted about -18% and was the top percentage loser on the S&P 500 and Nasdaq 100 after reporting mixed preliminary FQ1 results and providing below-consensus FQ2 guidance.

“For now, investor sentiment is pro-growth, pro-deregulation, and pro-markets,” said David Bahnsen, chief investment officer at The Bahnsen Group. “There is also an assumption that M&A activity will pick up and that more tax cuts are coming or the existing ones will be extended. This creates a strong backdrop for stocks.”

Today, all eyes are focused on the Federal Reserve’s monetary policy decision later in the day. Fed officials are widely expected to lower their benchmark interest rate by a quarter percentage point as inflation continues to move closer to the 2% target. They have projected another quarter-point reduction this year in December and an additional full point of cuts in 2025, according to the median estimate released in September. Investor attention will also be on Powell’s press conference, where he is anticipated to offer guidance on the Fed’s trajectory for interest rate cuts in the upcoming quarters.

On the earnings front, notable companies like Arista Networks , Airbnb , Warner Bros. Discovery , The Trade Desk , Monster Beverage , Block , Datadog , Hershey , and Duke Energy are slated to release their quarterly results today. According to Bloomberg Intelligence, companies in the S&P 500 are expected to post an average +4.3% increase in quarterly earnings for Q3 compared to the previous year, down from +7.9% growth projected in mid-July.

On the economic data front, investors will focus on U.S. Initial Jobless Claims data, which is set to be released in a couple of hours. Economists estimate this figure to arrive at 223K, compared to last week’s number of 216K.

U.S. Unit Labor Costs and Nonfarm Productivity preliminary data will also be closely watched today. Economists forecast Q3 Unit Labor Costs to be +1.1% q/q and Nonfarm Productivity to stand at +2.6% q/q, compared to the second-quarter numbers of +0.4% q/q and +2.5% q/q, respectively.

U.S. Wholesale Inventories data will come in today. Economists expect the September figure to be -0.1% m/m, compared to +0.1% m/m in August.

U.S. Consumer Credit data will be reported today as well. Economists forecast this figure to be $12.20B in September, compared to the previous figure of $8.93B.

In the bond market, the yield on the benchmark 10-year U.S. Treasury note is at 4.422%, down -0.20%.

The Euro Stoxx 50 futures are up +0.81% this morning as investors continued to digest Donald Trump’s presidential election victory and political turmoil in Germany, while also awaiting monetary policy decisions from the Federal Reserve and the Bank of England. Bank and mining stocks outperformed on Thursday. Data from the Federal Statistical Office released on Thursday showed that Germany’s industrial production and exports fell more than expected in September, adding to the country’s woes. Political uncertainty is rampant in Europe’s largest economy after German Chancellor Olaf Scholz said on Wednesday that he would call a confidence vote on January 15th, potentially setting the stage for a snap federal election in March. This came after Scholz dismissed his Finance Minister Christian Lindner, effectively bringing the current governing coalition to an end. Meanwhile, market participants are positioning in anticipation of quarter-point rate cuts from the Federal Reserve and the Bank of England later today. In corporate news, Banco Bpm Spa (BAMI.M.DX) surged over +8% on plans to pursue full ownership of asset manager Anima Holding in a deal valued at up to 1.6 billion euros ($1.7 billion).

Germany’s Exports, Germany’s Imports, Germany’s Industrial Production, and Eurozone’s Retail Sales data were released today.

The German September Exports came in at -1.7% m/m, weaker than expectations of -1.4% m/m.

The German September Imports stood at +2.1% m/m, stronger than expectations of +0.5% m/m.

The German September Industrial Production has been reported at -2.5% m/m, weaker than expectations of -1.1% m/m.

Eurozone September Retail Sales arrived at +0.5% m/m and +2.9% y/y, stronger than expectations of +0.4% m/m and +1.3% y/y.

Asian stock markets today settled mixed. China’s Shanghai Composite Index (SHCOMP) closed up +2.57%, and Japan’s Nikkei 225 Stock Index (NIK) closed down -0.25%.

China’s Shanghai Composite Index closed sharply higher today. The rally was driven by expectations that Beijing might introduce more aggressive stimulus measures to offset any negative impact from Trump’s return to the White House. Brokers and insurance stocks led the gains on Thursday. Customs data showed on Thursday that China’s exports rose at the quickest rate in over two years in October, offering essential support for an economy striving to regain momentum. Meanwhile, Chinese policymakers slashed the daily reference rate for the yuan to the lowest level since late 2023, indicating that the People’s Bank of China is allowing depreciation amid potential trade tensions with the U.S. under a Donald Trump presidency. In other news, Bloomberg reported that China’s regulators urged the nation’s banks to reduce the rates paid on demand deposits from other financial institutions, aiming to free up idle funds to stimulate the economy. Investors are currently awaiting updates from the ongoing Standing Committee meeting of the National People’s Congress, with expectations for an additional 6 trillion yuan in fiscal stimulus over the next three years.

The Chinese October Trade Balance stood at $95.72B, stronger than expectations of $73.50B.

The Chinese October Exports came in at +12.7% y/y, stronger than expectations of +5.0% y/y.

The Chinese October Imports arrived at -2.3% y/y, weaker than expectations of -1.5% y/y.

Japan’s Nikkei 225 Stock Index closed marginally lower today, likely due to position adjustments by investors ahead of the Fed decision scheduled for later today. Retail, healthcare, and technology stocks weighed on the index on Thursday. Government data released on Thursday showed that Japan’s inflation-adjusted wages fell 0.1% in September, marking the second consecutive monthly drop and highlighting the negative effect of persistently high prices on nominal wages. Meanwhile, the yen strengthened following remarks from Atsushi Mimura, Japan’s chief currency official, who stated that authorities would take appropriate action against excessive currency movements. Investors also kept their attention on the wider economic implications of Donald Trump’s U.S. presidential election victory, both globally and for Japanese firms. Citi Research strategist Ryota Sakagami said in a note that if the recent Trump trades of equity strength, long-term yield gains, and yen weakness persist, these factors are expected to fuel a rally in Japanese equities around the turn of the year. The Nikkei Volatility, which takes into account the implied volatility of Nikkei 225 options, closed up +19.19% to 27.52.

Pre-Market U.S. Stock Movers

Qualcomm climbed over +7% in pre-market trading after the semiconductor company posted upbeat FQ4 results, issued strong FQ1 guidance, and announced a new $15 billion buyback program.

e.l.f. Beauty surged more than +9% in pre-market trading after the company reported better-than-expected FQ2 results and raised its full-year guidance.

Today’s U.S. Earnings Spotlight: Thursday - November 7th

Arista Networks (ANET), Airbnb (ABNB), Duke Energy (DUK), Motorola (MSI), Transdigm (TDG), EOG Resources (EOG), Becton Dickinson (BDX), Air Products (APD), CRH (CRH), Fortinet (FTNT), The Trade Desk (TTD), Monster Beverage (MNST), TC Energy (TRP), Block (SQ), Kenvue (KVUE), PG E (PCG), Datadog (DDOG), Vistra Energy (VST), Hershey Co (HSY), Axon Enterprise (AXON), Rockwell Automation (ROK), Barrick Gold (GOLD), Cloudflare (NET), Mettler-Toledo (MTD), Wheaton Precious Metals (WPM), Halliburton (HAL), BCE Inc (BCE), Corpay (CPAY), Pinterest (PINS), Cameco (CCJ), Expedia (EXPE), Warner Bros Discovery (WBD), Moderna (MRNA), Carlyle Group (CG), DraftKings (DKNG), News Corp (NWS), Toast (TOST), Dynatrace Inc (DT), Insulet (PODD), News Corp (NWSA), US Foods (USFD), Bentley (BSY), Akamai (AKAM), Affirm Holdings (AFRM), Credicorp (BAP), Evergy (EVRG), Viatris (VTRS), Endeavor Group (EDR), Ralph Lauren (RL), Solventum (SOLV), Molson Coors Brewing (TAPa), Tapestry (TPR), EPAM Systems (EPAM), Ovintiv (OVV), Rivian Automotive (RIVN), UWM Holdings (UWMC), Stantec (STN), Sendas Distribuidora (ASAI), Dropbox (DBX), MACOM Tech (MTSI), Tempur Sealy International (TPX), H&R Block (HRB), Unity Software (U), Doximity (DOCS), Stepstone (STEP), Planet Fitness Inc (PLNT), Genpact (G), Americold Realty (COLD), OneStream (OS), Bill Com (BILL), Installed Building (IBP), Arcadium Lithium (ALTM), Red Rock Resorts (RRR), Nexstar (NXST), Nova (NVMI), Clear Secure (YOU), Sealed Air (SEE), Air Lease (AL), Civitas Resources (CIVI), Lumentum Holdings Inc (LITE), Dentsply (XRAY), Murphy Oil (MUR), Upstart (UPST), Nuscale Power (SMR), Millicom (TIGO), PACS (PACS), ADMA Biologics Inc (ADMA), RXO Inc (RXO), Nelnet (NNI), Sweetgreen (SG), Main Street Capital (MAIN), Primo Water (PRMW), Cogent (CCOI), Hilton Grand Vacations (HGV), Haemonetics (HAE), Acushnet Holdings (GOLF), DXC Technology (DXC), Hagerty (HGTY), Prestige Consumer Health (PBH), Under Armour (UAA), Oscar Health (OSCR), Walker&Dunlop (WD), Sportradar (SRAD), Kratos Defense&Security (KTOS), Algonquin Power (AQN), Iovance Biotherapeutics (IOVA), Jfrog (FROG), Envestnet (ENV), Blackline (BL), MDU Resources (MDU), Ringcentral Inc (RNG), Globalstar Inc (GSAT), CarGurus (CARG), Tidewater (TDW), Tecnoglass (TGLS), PTC Therapeutics (PTCT), United Parks Resorts (PRKS), MP Materials (MP), Steven Madden (SHOO), Resideo Tech (REZI), Brighthouse Financial (BHF), Burford (BUR), ACV Auctions (ACVA), LCI Industries (LCII), Playtika (PLTK), Diodes (DIOD), IAMGold (IAG), Appian (APPN), Astrana Health (ASTH), PENN Entertainment (PENN), Tegna (TGNA), YETI (YETI), Synaptics (SYNA), Alarm.com Holdings (ALRM), Geo (GEO), Evolent Health Inc (EVH), Chesapeake Utilities (CPK), Medical Properties (MPW), Sunrun Inc (RUN), Lifestance Health Group (LFST), Geron (GERN), Quidel (QDEL), Capri Holdings (CPRI), Bloom Energy (BE), Grindr (GRND), Privia Health Group (PRVA), Hanesbrands (HBI), Avepoint (AVPT), Lightspeed Commerce (LSPD), Strategic Education (STRA), Five9 (FIVN), New Fortress Energy (NFE), Goodrx (GDRX), Vericel Corp Ord (VCEL), NAble (NABL), Jamf (JAMF), Cable One Inc (CABO), Flywire (FLYW), Ziff Davis (ZD), International Seaways (INSW), Warby Parker (WRBY), Rxsight (RXST), Ligand (LGND), Krispy Kreme (DNUT), MannKind (MNKD), NCR (VYX), Semrush Holdings (SEMR).

On the date of publication, Oleksandr Pylypenko did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policyhere.

The S&P 500 Index Wednesday closed up +2.53%, the Dow Jones Industrials Index closed up +3.57%, and the Nasdaq 100 Index closed up +2.74%.

Stocks on Wednesday closed sharply higher, with the S&P 500, the Dow Jones Industrials, and the Nasdaq 100 posting new all-time highs. Stocks soared after Republican candidate Trump won the presidential election. Republicans also gained control of the Senate, but control of the House was still undecided, with many races too close to call. Bank stocks climbed based on expectations of reduced regulations from the Trump administration. Also, health insurers focused on the Medicare market rallied on the view that the Trump administration will pay higher rates to insurers that provide private versions of the US health program for seniors.

The dollar rallied to a 4-month high on the election news, and the 10-year T-note yield jumped to a 4-month high on the prospects of higher inflation due to Trump's policies of tax cuts and increased tariffs.

Bitcoin U Wednesday closed down -27.5 ticks. The 10-year T-note yield rose +15.5 bp to 4.426%. Dec T-notes Wednesday sank to a 4-month low, and the 10-year T-note yield surged to a 4-month high of 4.477%. T-notes plunged Wednesday as President-elect Trump's policies of low taxes and high tariffs are expected to boost growth and inflation, which are hawkish factors for Fed policy. An increase in inflation expectations also hammered T-notes after the 10-year breakeven inflation rate climbed +10 bp and posted a 6-1/4 month high of 2.430%. Wednesday's rally in the S&P 500 to a new record high also reduced safe-haven demand for T-notes.

T-notes recovered from their worst levels Wednesday on strong demand for the Treasury's $25 billion auction of 30-year T-bonds that had a bid-to-cover ratio of 2.64, well above the 10-auction average of 2.40 and the highest in more than 6 years.

European government bond yields on Wednesday were mixed. The 10-year German bund yield fell -2.0 bp to 2.405%. The 10-year UK gilt yield climbed to a 1-year high of 4.594% and finished up +3.3 bp at 4.563%.

The Eurozone Oct composite PMI was revised upward by +0.3 to 50.0 from the previously reported 49.7.

Eurozone Sep PPI eased to -3.4% y/y from -2.3% y/y in Aug, right on expectations.

German Sep factory orders rose +4.2% m/m, stronger than expectations of +1.5% m/m.

ECB Vice President Guindos said global economic output would be weaker, price pressure would be stronger, and established trade flows would be disrupted if US President-elect Trump implemented the kinds of import tariffs he threatened during his campaign.

Swaps are discounting the chances at 100% for a -25 bp rate cut by the ECB at its December 12 policy meeting and at 22% for a -50 bp rate cut at the same meeting.

US Stock Movers

Bank stocks soared on expectations that the Trump administration will loosen regulations for the industry. Discover Financial Services soared by +21%, Synchrony Financial rallied +19%, Capital One Financial rallied +15%, and Wells Fargo rallied +14%. Goldman Sachs rallied more than +13% to lead gainers in the Dow Jones Industrials. Morgan Stanley and JPMorgan Chase rallied +12%. Bank of America and Citigroup rallied +9%.

Cryptocurrency-related stocks rallied sharply with the price of Bitcoin up more than +9% at a record high. Coinbase Global soared by +32%. Riot Platforms rallied +27%, Marathon Digital rallied +20%, and MicroStrategy rallied +14%.

Chip stocks climbed Wednesday. GlobalFoundries rallied +14%. Intel rallied +8%. Texas Instruments and Micron Technology rallied +7%. ON Semiconductor , Analog Devices , Nvidia , Marvell Technology , Qualcomm , and NXP Semiconductors NV all rallied by at least +3%.

Tesla rallied by +14.8% to lead gainers in the Nasdaq 100 on speculation the company will be a major beneficiary of Trump's return to the White House.

US health insurers focused on the Medicare market rallied on expectations that the Trump administration will pay higher rates to companies that provide private versions of the US health program for seniors. Humana and CVS Health rallied by about +12%. UnitedHealth Group rallied +6%.

Qualys Inc rallied +25% after reporting Q3 adjusted EPS of $1.56, stronger than the consensus of $1.33, and raising its full-year adjusted EPS forecast to $5.81-$5.91 from a previous forecast of $5.46-$5.62, above the consensus of $5.59.

Charles River Laboratories International rallied +14% after reporting Q3 revenue of $1.01 billion, better than the consensus of $976.7 million.

Globus Medical rallied +10% after reporting Q3 net sales of $625.7 million, stronger than the consensus of $603.9 million, and raising its full-year net sales forecast to $2.49 billion-$2.50 billion from a previous forecast of $2.47 billion-$2.49 billion, better than the consensus of $2.48 billion.

Super Micro Computer fell -17% to lead losers in the S&P 500 and Nasdaq 100 after reporting preliminary Q1 net sales of $5.9 billion-$6.0 billion, weaker than the consensus of $6.47 billion and forecast Q2 net sales of $5.5 billion-$6.1 billion, well below the consensus of $6.79 billion.

Home builders sank as the jump in the 10-year T-note yield to a 4-month high pushed mortgage rates higher and is likely to dampen housing demand. As a result, Lennar fell -4.19%, DR Horton fell -3.13%, PulteGroup fell -2.40%, and Toll Brothers fell -0.78%.

US health insurers that sell private versions of Medicaid were under pressure because of the expectation that the Trump administration will pull back on funding. As a result, Centene , HCA Healthcare , and Molina Healthcare showed losses of between -1% and -4%.

Exact Sciences fell -23% after reporting Q3 revenue of $708.1 million, below the consensus of $716.9 million, and cutting its full-year revenue forecast to $2.73 billion-$2.75 billion from a previous forecast of $2.81 billion-$2.85 billion, weaker than the consensus of $2.83 billion.

Coupang fell -10% after reporting Q3 retail net sales of $6.14 billion, below the consensus of $6.24 billion.

Five Below fell -9% after Bank of America Global Research downgraded the stock to underperform from neutral with a price target of $75.

Cboe Global Markets fell -4% after Morgan Stanley downgraded the stock to underweight from equal weight with a price target of $199.

Earnings Reports (11/7/2024)

Air Products and Chemicals Inc (APD), Airbnb Inc (ABNB), Akamai Technologies Inc (AKAM), Arista Networks Inc (ANET), Axon Enterprise Inc (AXON), Becton Dickinson & Co (BDX), Consolidated Edison Inc (ED), Corpay Inc (CPAY), Duke Energy Corp (DUK), EOG Resources Inc (EOG), EPAM Systems Inc (EPAM), Evergy Inc (EVRG), Expedia Group Inc (EXPE), Fortinet Inc (FTNT), Halliburton Co (HAL), Hershey Co/The (HSY), Insulet Corp (PODD), Kenvue Inc (KVUE), Mettler-Toledo International Inc (MTD), Moderna Inc (MRNA), Molson Coors Beverage Co (TAP), Monster Beverage Corp (MNST), Motorola Solutions Inc (MSI), News Corp (NWSA), PG&E Corp (PCG), Ralph Lauren Corp (RL), Rockwell Automation Inc (ROK), Solventum Corp (SOLV), Tapestry Inc (TPR), TransDigm Group Inc (TDG), Viatris Inc (VTRS), Vistra Corp (VST), Warner Bros Discovery Inc (WBD).

On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policyhere.