Yesterday on Wall Street

Posted 21 April, 2022

Sales of existing homes fell by 2.7% over one month to reach 5.77M against the 5.8M expected.

Crude oil inventories unexpectedly fell last week to -8M barrels from a forecast of 2.471M.

For the first quarter, Netflix (- 35.12% to 226.19) for the first time in 10 years announced that it had lost 200,000 subscribers and said it expected this trend to increase in the second quarter. Piper Sandler and UBS have also lowered their recommendation to Neutral on the value. In its wake, companies linked to "streaming" have stalled. Thus, Walt Disney fell by 5.56% to 124.57, Roku by 6.17% to 109.57, and Warner Bros. Discovery by 6.04% to 23.01.

Despite an impact of €276 million linked to the suspension of its activities in Russia, IBM (+ 7.1% to 138.32) published quarterly results that exceeded expectations and announced that it now anticipates growth in its turnover. at the top of its initial forecast range.

Thanks to solid results from its Medicaid division, the health insurance group Anthem (+ 2.48% to 529.84) raised its adjusted profit forecast for the full year.

In order to buy out its protective materials division for €1.36 billion, the specialist polymer materials manufacturer Avient (+12.28% to 53.76) announced that it had reached an agreement with DSM.

The two VTC service specialists, Uber Technologies (- 1.75% to 33.21) and Lyft (- 1.68% to 35.7) have lifted the obligation to wear a mask for drivers and passengers in the UNITED STATES.

After the Chinese central bank's surprise decision to leave its key interest rates unchanged, the shares of Chinese groups listed on Wall Street fell. Thus, Alibaba fell by 4.37% to 89.41, JD.COM by 5.52% to 3.14, Tencent Music by 4.82% to 4.34, and Li auto by 7.3% to 23, 49.

As part of US sanctions, YouTube, owned by Alphabet (-1.51% to 2,560.8), announced that it had blocked the account of John Lee, Beijing's candidate to become the next chief executive in Hong Kong next May. Citigroup has also raised its recommendation from Neutral to Buy on the stock.

Citigroup raised its recommendation on the stocks Meta Platforms (-7.77% to 200.42), Snap (-8.53% to 30.76), Airbnb (-3.27% to 164.55) and Booking ( +0.55% to 2,251.8) from Neutral to Buy.

The  Dow Jones  gained 0.71% to 35,160.79 points, the  Nasdaq Composite  lost 1.22% to 13,453.07 points and the  S&P 500  0.06% to 4,459.45 points.

Previous story

21 April, 2022 16:31

← ECB / End of debt purchases: Luis de Guindos evokes July and Christine Lagarde temperate

The President of the European Central Bank (ECB) Christine Lagarde assured Thursday that the exact moment of the end of the net debt purchase program would depend on economic indicators, a few hours after the vice-president of the institution had mentioned the month of July.


ECB / End of debt purchases: Luis de Guindos evokes July and Christine Lagarde temperate

Next story

21 April, 2022 10:15

Eurofins Scientific: Q1 turnover stood at 1,760 ME →

Eurofins reports organic revenue growth in Q1 2022 in line with its recently revised upward target of 6.5% per year.

Eurofins Scientific: Q1 turnover stood at 1,760 ME
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