Yesterday on Wall Street

Posted 04 May, 2022

The VIX volatility index, which had reached 35 points on Monday, fell -9.8% on Tuesday to 29.15.

Industrial orders rose sharply in March (+2.2% against a consensus of +1.1% after +0.1%). Excluding transport, orders rose by 2.5% after +1% in February (figure revised from +0.4%).

Pfizer (+ 1.94% to 49.33) confirmed on Tuesday its annual sales forecasts for its treatment of Covid-19 Paxlovid as for the vaccine developed with BioNTech (+ 2.12% to 149.13) but revised in slightly lowered its earnings per share forecast to include certain expenses that were not accounted for.

The manufacturer of materials for industry Dupont de Nemours (+ 0.62% to 66.33) published a quarterly profit down year on year due to the increase in the costs of raw materials and logistics and reduced its annual revenue and profit forecasts.

Estée Lauder (-5.9% to 245.37) lowered its full-year revenue forecast to take into account the impact of recent lockdowns in China and Russia's invasion of Ukraine.

The hotel group Hilton Worldline Holding (-4.15% to 148.96) published a profit for the first quarter, against a loss over the corresponding period last year, its results have benefited from the gradual recovery in tourism.

The German subsidiary of Morgan Stanley bank (+ 2.18% to 83.75) was searched as part of an investigation into past activities.

The prosecution clarified that the investigation related to a tax evasion file known as "cum-ex". Biogen (-0.78% to 205.7) announced the resignation of its managing director, Michel Vounatsos, stating that he had started looking for a successor. The biotech also reported a 26% drop in quarterly profit.

The online travel agency Expedia (- 14.02% to 150.31) published a smaller than expected adjusted loss for the first quarter and said it was optimistic about the recovery of tourist travel this summer.

Thomson Reuters (-0.56% to 99.07) raised its 2022 revenue forecast after beating market estimates in the first quarter on sustained growth in its core businesses but warned that the pandemic and geopolitical risks could reduce its ability to achieve its objectives.

The owner of the fast-food chain Burger King, Restaurant Brands International (-3.16% to 55.16) published a quarterly turnover higher than expectations thanks to the increase in the frequentation of its restaurants and the price increase.

Trivago (-0.95% to 2.090) reported an increase in quarterly revenue, thanks to the recovery in demand in Europe and the Americas.

The  Dow Jones  gained 0.20% to 33,128.79 points, the  Nasdaq Composite  0.22% to 12,563.76 points and the  S&P 500  0.48% to 4,175.48 points.

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04 May, 2022 10:11

← Apple: a Ford car safety "pro" would join the Apple Car project

Apple has reportedly hired a former Ford Motor vehicle safety manager to work on its self-driving vehicle project, according to sources cited by Bloomberg on Tuesday.

Apple: a Ford car safety "pro" would join the Apple Car project

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03 May, 2022 15:01

Oil: OPEC + towards a new modest opening of the valves →

While calls have grown since Russia's invasion of Ukraine for the cartel to relieve the market, OPEC+ will this time have a new argument to justify the status quo: demand is crumbling.

Oil: OPEC + towards a new modest opening of the valves
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