米国株式市況 20250206
Amazon A > Z their way to Q1 Net Sales Miss
February 6, 2025
Stocks edged higher as traders assessed mixed earnings ahead of Friday’s jobs report. Bonds recovered as Treasury Secretary Scott Bessent repeated his opinion that 10-year yields will fall under the Trump administration.
Amazon fell in late trading after missing sales forecasts. Qualcomm fell on expectations that demand for new handsets will slow. Peloton rose on a positive outlook, while Philip Morris International . soared on strong Zyn nicotine pouch sales. Ford Motor Company plunged on an earnings warning.
Bessent told Bloomberg that he will refrain from criticising Federal Reserve Chair Jerome Powell, and that the Trump administration is focused on policy decisions that result in a lower 10-year bond yield, rather than whether policymakers will cut rates. He also stated that President Donald Trump’s policy of maintaining a “strong dollar” remains unchanged.
In the run-up to the US payrolls report, data showed that initial unemployment claims increased, but remained low. Separate numbers revealed strong labour productivity. In addition to the employment report on Friday, Wall Street will be eagerly watching a revision to job growth. Economists think that it will be significant, but not as terrible as previously estimated.
According to data gathered by Piper Sandler, the options market expects the S&P 500 to move 0.9% in either way following Friday’s US employment reports. That would be consistent with the average realised move of 0.9% on jobs day during the previous 12 months.
Date 1 Mo 2 Mo 3 Mo 4 Mo 6 Mo 1 Yr 2 Yr 3 Yr 5 Yr 7 Yr 10 Yr 20 Yr 30 Yr
02/06/2025 4.37 4.38 4.34 4.36 4.28 4.19 4.21 4.23 4.28 4.36 4.45 4.70 4.65
Qualcomm (QCOM) reported better-than-expected Q1 results and provided upbeat guidance for Q2
Ford (F) reported upbeat Q4 earnings and revenue, but gave a FY25 outlook that was softer than expectations
Eli Lilly (LLY) reported better-than-expected Q4 results and provided upbeat FY25 guidance
Becton Dickinson (BDX) reported upbeat Q1 results and announced it will separate its biosciences and diagnostic solutions business
Honeywell (HON) reported better-than-expected Q4 results and said it will pursue a full separation of Automation and Aerospace Technologies
The White House is readying an order to fire thousands of federal health workers, WSJ reports
A notable safety system had been shut off on a U.S. Army helicopter that crashed with an American Airlines (AAL) regional aircraft last week near Washington, D.C., Reuters says
BlackRock (BLK) plans to hire about 1,200 people to build its AI teams in India and will inherit around 500 staff in Bengaluru through its proposed Preqin acquisition, Bloomberg says
Paysafe (PSFE) is exploring a sale after receiving takeover interest, Bloomberg reports
Amazon (AMZN) is looking to "automated reasoning" to provide mathematical proof that AI's models' tendency to make up answers can be stopped, WSJ reports
Evercore ISI upgraded CarMax (KMX) to Outperform from In Line with a price target of $110, up from $90. The firm sees the company's improving comp and share trends persisting amid a favorable industry backdrop.
Exane BNP Paribas upgraded Array Technologies (ARRY) to Neutral from Underperform with a $9 price target as it gets less bearish on the name.
Top Downgrades:
Bernstein downgraded Cigna (CI) to Market Perform from Outperform with a $323 price target. The firm cites underperformance in the company's employer stop loss business, coupled with pharmacy benefit manager policy uncertainty which it believes will make the stock "more difficult to outperform over the coming months" for the downgrade.
Rosenblatt downgraded Skyworks (SWKS) to Neutral from Buy with an $80 price target. The "bad news" from the earrings report is that there is an expected content loss in the Apple (AAPL) iPhone 17 versus iPhone 16, which follows content loss in the iPhone 16, the firm tells investors in a research note. Mizuho and Stifel also downgraded Skyworks to Neutral-equivalent ratings.
Leerink downgraded Hologic (HOLX) to Market Perform from Outperform with a price target of $75, down from $80, following the fiscal Q1 report. The company continues to experience a number of challenges in its Breast Health business, the firm tells investors in a research note.
Evercore ISI downgraded Match Group (MTCH) to In Line from Outperform with an unchanged price target of $35. Shares were down in response to "weak" Q1 guidance and an "abrupt" CEO transition as well as a "modest" FY25 guide-down, the firm tells investors.
Maxim downgraded Tetra Tech (TTEK) to Hold from Buy without a price target based on its outlook for less U.S. federal government work for the company under the current administration.
Seaport Research initiated coverage of Reddit (RDDT) with a Neutral rating and no price target. The firm sees shares discounting continued revenue strength and upside to consensus estimates so it believes shares are fairly valued at current levels.
Truist initiated coverage of HASI (HASI) with a Buy rating and $40 price target. The firm believes HASI shares will continue to realize upside given a more normalized rate environment and the accelerating theme of domestic power demand.
H.C. Wainwright initiated coverage of Harrow (HROW) with a Buy rating and $57 price target. The firm sees "rapid growth" for Harrow, driven by its portfolio of branded ophthalmic products.
JPMorgan initiated coverage of Jamf Holding (JAMF) with an Overweight rating and $20 price target. The company is well positioned to benefit from increasing adoption of Apple (AAPL) devices in enterprises as the leading technology solution in relation to device management and security, the firm tells investors in a research note.
Lucid Capital initiated coverage of Portman Ridge Finance (PTMN) with a Buy rating and $19 price target. In addition to its core lower-middle market lending strategy, Portman Ridge also has a "successful history" of acquiring portfolios and managing them in a manner that realizes, at minimum, full fair market value, the firm tells investors in a research note.