Noticias del mercado & perspectivas
Anticípate a los mercados con perspectivas de expertos, noticias y análisis técnico para guiar tus decisiones de trading.
Major companies have announced over 25,000 layoffs in the U.S. this month alone, with Amazon leading the charge with 14,000 announced corporate job cuts.
This number may increase to 30,000 for Amazon by the end of the year, as CEO Andy Jassy pursues a vision of operating like "the world's biggest startup.”
Other big corporations have followed the same trend, with Target making 1,800 corporate cuts, Starbucks 2,000 positions, and, in Europe, Nestlé plans for over 20,000 cuts.
What distinguishes this round of layoffs is the focus on white-collar roles seen as vulnerable to AI-driven automation—affecting middle managers, analysts, and corporate staff.
Gartner analysts predict that by 2026, one in five organizations will use AI to eliminate at least half of their management layers.
According to a KPMG survey, 78% of executives face intense pressure from boards and investors to prove AI is saving money and boosting profits, with traditional metrics often failing to capture its business impact.
Ford CEO Jim Farley warned that AI will "replace literally half of all white-collar workers," while Salesforce's Marc Benioff claims AI is already doing up to 50% of his company's workload.
Anthropic CEO Dario Amodei predicts AI could eliminate half of all entry-level white-collar jobs within five years, potentially spiking unemployment to 10-20%.
Nvidia Makes History Again As First $5 Trillion Company
NVDA hit a $5 trillion market on October 29, becoming the first company in history to reach this milestone. The achievement came just three months after breaching $4 trillion, further cementing its position as the dominant force in artificial intelligence infrastructure.
Since Q4 2022 — when Chat-GPT launched and began the AI-boom — Nvidia shares have climbed by over 1200% and Nvidia's valuation now exceeds the entire cryptocurrency market and equals roughly half the size of Europe's benchmark Stoxx 600 index.
The milestone comes on the back of CEO Jensen Huang unveiling $500 billion in AI chip orders and plans to build seven supercomputers for the US government.
However, there are warnings that AI's current expansion relies on a few dominant players financing each other's capacity, and valuations may be running hot. The real test comes on November 19 when Nvidia reports its quarterly results.
Fed Lowers Rates, but May Be Last Cut of 2025
The Federal Reserve delivered a quarter-point rate cut last night, but Jerome Powell's post-meeting press conference sent a clear message: don't expect another cut anytime soon.
While the Fed moved forward with the expected reduction, Powell pointed to two key obstacles that may prevent further easing this year. First, the ongoing federal government shutdown has created a data blackout, depriving policymakers of critical employment and inflation reports.
Second, Powell revealed "strongly differing views" among Fed officials about the path forward, with a "growing chorus" advocating for a pause before cutting rates again.
Markets responded by adjusting expectations, now pricing in roughly two-to-one odds for a December rate cut — down from what had been considered more certain just hours earlier.
While the Fed still seems to remain committed to eventual rate cuts, the timeline has become dependent on the government shutdown and clearer economic signals about inflation and employment trends.
Tesla Inc. (NASDAQ: TSLA) reported the latest delivery numbers for Q4 2023 on Tuesday. World’s largest electric vehicle company produced around 495k cars during the quarter. Deliveries reached 484k.
The company produced a total of 1.85 million vehicles last year – up by 35% year-over-year. Total deliveries reached 1.81 million – up by 38% vs. 2022. Company overview Founded: 1/7/2003 Headquarters: Austin, Texas, United States Number of employees: 127,855 (2022) Industry: Automotive, renewable energy, artificial intelligence Key people: Elon Musk (CEO), Robyn Denholm (chair) The stock was little changed on Tuesday, down by 0.02% at $248.42 a share.
Tesla will announced Q4 2023 financial results after the US market closing bell on 24/1/2024. Stock performance 1 month:+ 5.45% 3 months: -1.26% 6 months: -10.67% 1 year: +101.67% Tesla price targets Morgan Stanley: $380 Wedbush: $350 Royal Bank of Canada: $300 Guggenheim: $132 Deutsche Bank: $260 Jefferies Financial Group: $210 HSBC: $146 Wells Fargo: $250 Citigroup: $255 Piper Sandler: $290 UBS Group: $266 JP Morgan: $135 Truist Financial: $243 Barclays: $260 Goldman Sachs: $275 TD Cowen: $200 Mizuho: $330 Tesla is the 8th largest company in the world with a market cap of $789.70 billion, according to CompaniesMarketCap. You can trade Tesla Inc. (NASDAQ: TSLA) and many other stocks from the NYSE, NASDAQ, HKEX and ASX with GO Markets as a Share CFD.
GO Markets now offers pre-market and after-market trading on popular US Share CFDs. Trade the pre-market session: 4:00am to 9:30am, normal session, and after-market session: 4:00pm to 8:00pm, Eastern Standard Time. Excludes Fridays; please see specifications section on platform for further details.
Why trade during extended hours? Volatility never sleeps. Trade over earnings releases as they happen outside of main trading hours Reduce your risk and hedge your existing positions ahead of a new trading day Extended trading hours on popular US stocks means extended opportunities Sources: Tesla Inc., TradingView, MarketWatch, CompaniesMarketCap, Wikipedia, MarketBeat
US professional services company, Paychex Inc. (NASDAQ: PAYX), released financial results for second quarter of fiscal 2024 before the market open on Thursday. Revenue reached $1.258 billion (up by 6% year-over-year), which fell short of $1.268 billion expected. Earnings per share was reported at $1.08 per share (up by 9% year-over-year), slightly above estimate of $1.074 per share.
Company overview Founded: 1971 Headquarters: Rochester, New York, United States Number of employees: 16,000 (2022) Industry: Business Process Outsourcing, human Capital Management Key people: B. Thomas Golisano (chairman), John Gibson (president & CEO), Efrain Rivera (senior VP & CFO) CEO commentary ''We are pleased with our results for the second quarter and the first half of fiscal 2024, with total revenue growth of 6% and diluted earnings per share and adjusted diluted earnings per share growth through the first half of the fiscal year of 10%. The macro-economic environment remains stable for small and mid-sized businesses, who continue to face challenges in both the cost of and access to growth capital; and finding quality talent in the current labor market.
Our Small Business Employment Watch continues to show moderation in both job growth and wage inflation,'' John Gibson, CEO of the American company commented on the latest results. ''We continue to see demand for our HCM technology, HR and insurance solutions, as businesses struggle to comply with increasing regulations and a challenging HR landscape and labor market,'' Gibson concluded. Stock reaction The stock fell by around 6% on Thursday, trading at $119.72 a share – the lowest level since 28/11/23. Stock performance 1 month: +0.28% 3 months: +5.27% Year-to-date: +3.22% 1 year: +6.33% Paychex stock price targets Barclays: $126 UBS Group: $120 Argus: $130 Bank of America: $106 Morgan Stanley: $127 Royal Bank of Canada: $130 TD Cowen: $131 Wedbush: $115 JP Morgan: $134 Robert W.
Baird: $126 Deutsche Bank: $116 Citigroup: $119 Jefferies Financial: $120 Paychex Inc. is the 419th largest company in the world with a market cap of $43.07 billion. You can trade Paychex Inc. (NASDAQ: PAYX) and many other stocks from the NYSE, NASDAQ, HKEX and ASX with GO Markets as a Share CFD. GO Markets now offers pre-market and after-market trading on popular US Share CFDs.
Trade the pre-market session: 4:00am to 9:30am, normal session, and after-market session: 4:00pm to 8:00pm, Eastern Standard Time. Why trade during extended hours? Volatility never sleeps.
Trade over earnings releases as they happen outside of main trading hours Reduce your risk and hedge your existing positions ahead of a new trading day Extended trading hours on popular US stocks means extended opportunities Sources: Paychex Inc., TradingView, MarketWatch, Benzinga, CompaniesMarketCap
The world’s biggest sporting goods company, Nike Inc. (NYSE: NKE), reported Q2 of fiscal 2024 after the US market closed on Thursday. Nike reported revenue of $13.388 billion for the quarter (up by 1% year-over-year and down by 1% on neutral currency basis), narrowly falling short of Wall Street estimate of $13.391 billion. Earnings per share (EPS) topped Wall Street estimates for the quarter at $1.03 per share vs. estimate of $0.84 per share.
EPS was up by 21% from the year prior. Company overview Founded: 1964 Headquarters: Beaverton, Oregon, United States Number of employees: 3,700 (2023) Industry: Apparel, accessories, sports equipment Key people: Philip H. Knight (chairman emeritus), Mark Parker (executive chairman), John Donahoe (president and CEO), John Hoke III (chief design officer) CEO commentary "Our Q2 results demonstrated how we are getting back on our front foot in our key areas of innovation and growth.
This quarter showed strong execution by our team as we focus on our winning formula of innovative product, distinctive storytelling and differentiated marketplace experiences," CEO of Nike, John Donahoe, commented on the latest results. Stock reaction The stock was up by just under a 1% at the end of Thursday’s session at $122.53 a share. Share price fell by around 5% in the after-hours trading as the latest results were announced.
Stock performance 1 month: +13.47% 3 months: +33.70% Year-to-date: +4.66% 1 year: +4.93% Nike stock price targets Raymond James: $130 Telsey Advisory Group: $140 Royal Bank of Canada: $127 DZ Bank: $130 Citigroup: $135 Goldman Sachs: $139 Truist Financial: $108 Evercore ISI: $124 Deutsche Bank: $125 JP Morgan: $137 Barclays: $119 Morgan Stanley: $126 TD Cowen: $120 Nike Inc. is the 60th largest company in the world with a market cap of $186.35 billion. You can trade Nike Inc. (NYSE: NKE) and many other stocks from the NYSE, NASDAQ, HKEX and ASX with GO Markets as a Share CFD. GO Markets now offers pre-market and after-market trading on popular US Share CFDs.
Trade the pre-market session: 4:00am to 9:30am, normal session, and after-market session: 4:00pm to 8:00pm, Eastern Standard Time. Why trade during extended hours? Volatility never sleeps.
Trade over earnings releases as they happen outside of main trading hours Reduce your risk and hedge your existing positions ahead of a new trading day Extended trading hours on popular US stocks means extended opportunities Sources: Nike Inc., TradingView, MarketWatch, Benzinga, CompaniesMarketCap
Wednesday’s session saw another drift higher in equities with volumes still in holiday mode and few major catalysts to drive market action. There were some big moves in safe haven assets with USDCHF tanking and Gold breaking a key resistance level, a big build in inventories also saw Crude Oil take a tumble. USDCHF The Swiss Franc surged over 1% against the USD, one of its biggest session gains of 2023 and seeing USDCHF hit lows not seen since SNB intervention back in 2015.
Price action seemed to be more CHF strength rather the USD weakness as CHF handily outperformed all other G10 currencies. USDCHF RSI reading also hit the most oversold level since the safe haven flows of the pandemic panic of March 2020. XAUUSD - Gold Safe haven flows also gave Gold a tailwind with XAUUSD breaching the major resistance at 2070 USD an ounce, which had held the Gold price in check for the last week.
A weaker USD, falling yields also bolstering the precious metal. 2070 remains the key level for now, if the bulls can establish this level as support, another run higher to test the all-time highs could be on the cards. USOUSD – Crude Oil WTI Crude Oil started Wednesday’s session with a rally after further attacks on tankers in the Red Sea sparked supply concerns. The rally fizzled later in the session demand fears after the weekly API report showed an unexpected build in crude inventories.
USOUSD forming a “death cross” (where the 50-day SMA crosses below the 200 day SMA) for the first time since September 2022, last time We saw this a significant decline in Oil Prices took place.
Risk on returned to global markets in Thursdays session with equities rebounding strongly on weak US data that refuelled hopes of a faster pace to the Feds rate cutting cycle come 2024. USD sold off sharply partly due to month-end flows ahead of the holidays but accelerated by a bis miss in Q3 US GDP which came in at 4.9% vs the expected 5.2%. This saw rate cut odds in March push above the 80% mark with yields and the Dollar tumbling as a result.
The Dollar Index (DXY) pushing below last weeks trough to new 5-month lows, also losing the 102 handle in the process. AUD outperformed after the weaker than expected US GDP reading and an upbeat market risk sentiment. AUDUSD poking its head above the psychological 0.68 for the first time since July before finding some resistance at the big figure.
The major resistance at 0.6900 the next big test to the upside if this rally continues. Gold pushed higher on the weaker USD and falling yields, XAUUSD again testing the resistance at 2047. The last break out of this level took gold to all-time highs a couple of weeks ago, making it a key level to watch for gold traders.
Ahead today the Feds preferred inflation gauge, the PCE price index will be the main risk event for FX traders.
US food company, General Mills Inc. (NYSE: GIS), reported its latest financial results for second quarter of fiscal 2024 before the US open on Wednesday. Revenue reached $5.139 billion for the quarter, falling short of analyst estimate of $5.354 billion. Revenue was down by 2% year-over-year.
Earnings per share (EPS) reported at $1.25 per share vs. $1.156 per share expected. EPS was up by 14% vs. the same period the year prior. Company overview Founded: June 20, 1928 Headquarters: Golden Valley, Minnesota, United States Number of employees: 32,500 (2022) Industry: Food processing Key people: Jeffrey Harmening (Chairman and CEO) CEO commentary "While we saw a slower-than-expected volume recovery in the second quarter amid a continued challenging consumer landscape, we generated bottom-line growth thanks primarily to strong HMM cost savings," CEO of General Mills, Jeffrey Harmening, highlighted the challenges the company faced in the quarter. "We’re adapting our plans to the evolving consumer environment and staying focused on driving long-term growth, with a priority on winning through innovation, brand building, and in-store execution.
At the same time, we’re stepping up our HMM performance and further eliminating disruption-related costs in the supply chain. For the full year, we’ve revised our topline outlook to account for a slower volume recovery, narrowed our profit and EPS expectations within our original guidance ranges, and maintained our outlook for strong free cash flow conversion," Harmening added. Stock reaction Shares of General Mills were down by around 3% on Wednesday after the latest earnings report.
Stock performance 1 month: -0.25% 3 months: -1.76% Year-to-date: -22.83% 1 year: -24.19% General Mills stock price targets Piper Sandler: $76 Evercore ISI: $72 HSBC: $74 Royal Bank of Canada: $76 Morgan Stanley: $58 Mizuho: $70 Goldman Sachs: $61 JP Morgan: $61 TD Cowen: $70 Deutsche Bank: $77 Wells Fargo: $70 General Mills Inc. is the 487th largest company in the world with a market cap of $37.64 billion. You can trade General Mills Inc. (NYSE: GIS) and many other stocks from the NYSE, NASDAQ, HKEX and ASX with GO Markets as a Share CFD. GO Markets now offers pre-market and after-market trading on popular US Share CFDs.
Trade the pre-market session: 4:00am to 9:30am, normal session, and after-market session: 4:00pm to 8:00pm, Eastern Standard Time. Why trade during extended hours? Volatility never sleeps.
Trade over earnings releases as they happen outside of main trading hours Reduce your risk and hedge your existing positions ahead of a new trading day Extended trading hours on popular US stocks means extended opportunities Sources: General Mills Inc., TradingView, MarketWatch, Benzinga, CompaniesMarketCap