- Wall Street in mixed mood at the start of Thursday's session
- Tesla and Netlfix results in focus
- Jobless claims: 198k Forecast 210k Previously: 209 thousand
- Continuing claims: 1.734 million vs. 1.71 million forecast and 1.702 million previously
- Philadelphia Fed regional index: -9 vs -7 forecasts and -13.5 previously
The start of Thursday's trading session on the U.S. stock market brings relatively mixed investor sentiment, with investors reacting to Netflix's (NFLX.US) very strong results on the one hand, and looking at Tesla's (TSLA.US) stock with uncertainty on the other. The earnings season, in addition to the escalating conflict in the Middle East, is now the main driver of volatility in the markets, so it is the quarterly results that investors are focusing their attention on.
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Create account Try a demo Download mobile app Download mobile appS&P 500 index categorized by sector and industry. Size indicates market capitalization. Source: xStation5
The US500 index is losing nearly 0.15% at the start of today's session and is trading in the zone of weekly lows. Source: xStation 5
Company news:
American Airlines (AAL.US)
The airline reported better-than-expected financial results for the third quarter of 2023, and communicated that bookings for the upcoming holiday season were stronger than last year. On the other hand, however, full-year forecasts were downgraded.
Jet fuel prices have risen due to tight oil supplies, raising carriers' operating costs.
The company now expects adjusted earnings of $2.25 per share to $2.50 per share for the year, compared with the previous forecast of $3 to $3.75 per share.
Detailed company results and annual forecasts. Source: Bloomberg Finance L.P.
Source: xStation 5
AT&T (AT.US) shares rose 4.6% after the company reported third-quarter results that exceeded expectations and raised its free cash flow forecast. According to analysts at Vital Knowledge, the results are solid, and "the company exceeded expectations in almost every indicator, especially the two most important ones (subscription growth and free cash flow)."
On the other hand, however, it's worth noting that the FCF increase may be due to lower capex.
Source: Bloomberg Finance L.P.
Source: Bloomberg Finance L.P.
Other:
- Foot Locker (FL.US) shares lose more than 7% early in the session, after Goldman Sachs downgraded the company's stock to "sell"
- Las Vegas Sands (LVS.US) shares gain 6% after releasing better quarterly results
- Tesla (TSLA.US) loses 7% after weaker quarterly results, analysts forecast continued near-term margin pressure. Read more here.
- Netflix (NFLX.US) shares gain more than 13% after better results and price hikes. More information here.
- Zscaler (ZS.US) shares gain more than 2.5% after Jefferies raised forecast. Target price rises to $225 vs. $170 per share.
