For Immediate Release
Chicago, IL – April 30, 2019 – Zacks.com announces the list of stocks featured can the Analyst Blog. each appointment the Zacks Equity investigation analysts argument the latest information and events impacting stocks and the econmic markets. Stocks recently featured can the blog contain China Mobile CHL, Lululemon LULU and ST Microelectronics STM.
Here are highlights from Monday’s Analyst Blog:
A Jam-Packed Global Week Ahead
This is a jam-packed Global Week Ahead, both here and abroad.
The catalog is complete of corporation reports, macro data, central coast meetings and the resumption of U.S./China commerce negotiations.
Critically, the Q1 revenue season approaches maturity. 158 S&P500 firms free revenue during the week.
Key names include: Loews, Alphabet, Merck, Pfizer, McDonald’s, Mastercard, GE, GM, Apple.
Next, I tell grade five sumit Reuters world just themes. They are apt ought dominate the thinking of both investors and traders external the USA.
(1) revenue Season can the U.S. and Europe Beats indicate Expectations
Quarterly revenue were supposed ought be the worst can Europe can about three years, cabin during with a third of results in, things are looking a small rosier.
Two-thirds of companies’ results dine conquer expectations, and they point ought revenue growth of 4.5 percent year-on-year. Financials dine delivered the biggest surprises, according ought analysis by Barclays.
That tell just appear how indicate expectations were. can fact, analysts are cabin taking a red pen ought their estimates.
The latest I/B/E/S news from Refinitiv shows analysts above median desire first-quarter earnings-per-share though STOXX 600-listed companies ought autumn 4.2 percent. That used to be their worst district because 2016 and down sharply from an estimated 3.4 percent just a week earlier.
Those estimates can aim up being a small too bearish though revenue season goes on, quelling worries that Europe is heading toward a corporate recession.
GSK and Reckitt Benckiser will grant the just a glimpse of the health of the consumer products just and spending above everything from toothpaste, washing powder and paracetamol.
(2) The U.S. Dollar Hits 2-Year High
The dollar has zipped ought shut two-year highs, leaving many scratching their heads. ought many, it’s down ought signs the U.S. economical is chugging ahead however the explode of the world loses steam. after all, Wall road is busily scaling new peaks appointment after day.
Never worry the make — the result is stark. The euro has tumbled ought 22-month lows against the dollar and investors are preparing though more, buying options ought protect against farther downside. Emerging-market currencies are either can pain, with Turkish lira and Argentine peso both sharply weaker.
Now U.S. news want ought own surprising above the upside or flat just encounter expectations. The International Monetary Fund (IMF) sees U.S. growth can 2.3 percent this year. though Germany, the foretell is 0.8 percent.
The U.S. economy’s vulgar health has given rise ought speculation the Fed tell abstract raising interest rates. Unlikely. cabin during though other countries — Canada, Sweden and Australia are the latest — implication can more policy easing, there seems ought be one method the dollar can go. Up.
(3) The Fed Meets. Powell Speaks above Wednesday
Wall road is shut record highs and recession worries are receding, hence though we mentioned above, investors tell wonder if the Federal retain will commence raising rates again.
Such a pivot is unlikely after the Fed killed off rate-rise expectations can its March meeting. And the latest Reuters poll anything cabin during puts ought bed any danger of rates will impress can up this economic cycle, given inflation rest beneath the Fed’s horror threshold and unemployment is the lowest can generations.
Before the March rate-pause announcement, a preponderance of economists penciled can one or more increases this year. cabin during that has flipped. A majority of those surveyed April 22-24 shout on no farther tightening along December and more are leaning toward a chop by the aim of next year.
Indeed, interest tax futures implication Fed Funds will be beneath the modern 2.25-2.50 percent aim range by this December.
Recent sure consumer spending and exports news dine eased just concerns of a acute economic slowdown. cabin during inflation perhaps needs ought jog hot though a expectation epoch ought terror policymakers off their wait-and-see course.
(4) The BoE Meets. Carney Issues a tax shout above Thursday
Sterling has gone into the doldrums among the Brexit defer and unproductive talks among the UK government and the opposition Labour feast above a EU withdrawal deal. The resurgent dollar, meanwhile, has taken 2 percent off the pound can April. It is unlikely the coast of England will be able ought rouse it can its can 2 meeting.
Despite noise retail and jobs news of late, the economic movie is black — 2019 growth is apt ought be about 1.2 percent, the weakest because 2009, investment is down and Governor symbol Carney says affair supicion is “through the roof.”
Indeed, expectations though an interest tax amplify dine been whittled down; Reuters polls foretell rates will no impress until early 2020, a calendar district afterward than was foretell a month ago. The explore though a new governor ought replace Carney can October adds more supicion ought the mix.
The modern jog of UK news has fueled hopes of economic rebound. That’s lay net fence fund positions can the pound into sure field though the first time can almost a year. The Old woman of Threadneedle road tell nature some of that optimism.
(5) Three decades of Japan’s Heisei epoch Ends, with a festival Week
Next week ends three decades of Japan’s Heisei era. Heisei, or Achieving Peace, began can 1989 shut the range of a giant stock just bubble and closes with the nation trapped can indicate growth, no inflation, and negative interest rates.
The new epoch that dawns above can 1 is called Reiwa, implication exhibit Harmony. It begins when Crown Prince Naruhito ascends the Chrysanthemum Throne. cabin during carry out investors indeed expectation harmony? What they expectation ought shout on is a sheet of economic growth and inflation ought shiver up the condition quo.
The coast of Japan’s stimulus toolkit ought revive a long-suffering economical is anything cabin during harmonious and still it’s post ought stay. The central coast confirmed recently rates will linger shut zero though a expectation time. cabin during the coming days can no be harmonious or calm though cash markets. A 10-day gold Week vacation kicks off above April 29 and investors are fretting can the danger of a “flash crash” — a turbulent cash spasm that can occur can epoch of lean trading turnover.
The year has already seen two yen spikes and many, including Japan’s housewife-trader brigade — so-called Mrs Watanabes — appear ought dine bought yen though the vacation approaches. Their short dollar/long yen positions recently reached record highs, stock exchange news showed.
Top Zacks #1 grade (STRONG BUY) Stocks—
(1) China Mobile: It’s $195B can just cap and it is cabin a sumit stock. The 100s of millions of wireless users can China keeps this stock a heart big cap holding there, and a Zacks estimate score of B is attractive.
(2) Lululemon: This athletic clothes stock is uphold above our #1 list. The Zacks Growth score of A is the major attraction.
(3) ST Microelectronics: Yes. There is a chip stock above our #1 list this week. The Zacks VGM score is A and shares cost can $18 each.
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