Notícias de mercado & insights
Mantenha-se à frente dos mercados com insights de especialistas, notícias e análise técnica para orientar suas decisões de negociação.
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President Trump and President Xi have scheduled talks for later this week in South Korea, marking their first face-to-face meeting since Trump's return to office. After two weeks of heightened tension, a preliminary framework was established that effectively takes the threatened 100% tariffs off the table.
Treasury Secretary Scott Bessent characterised the framework agreement as being "very successful." This diplomatic progress has created some optimism across markets that the world's two largest economies can avoid the deeper trade conflict that was threatening to destabilise supply chains and accelerate inflation.
Copper Tests Key Resistance
Following a dramatic Q3 that saw prices surge to a record high of $5.81 in July, before plummeting to $4.37 by early August, copper has been steadily recovering as supply fundamentals reassert themselves.
Since breaking through $5.00 in early October, prices have continued to gain strength, rising to $5.11 on October 9. Today's gap higher on trade talk optimism pushed prices back to this key technical level that has proven resistant since March.
A confirmed breakout above $5.24 could open the door to $5.50 and potentially higher, making copper worth watching closely this week as both supply constraints and improving US-China trade relations provide potential tailwinds.
Fed Rate Decision This Week
The Federal Reserve will meet this Wednesday for the October 28-29 policy meeting, with a quarter-point rate cut seemingly fully priced in by markets. Market pricing indicates a 100% probability of an October cut and an 88% chance of another reduction in December.
The key moment will come after the meeting during Fed Chair Powell's press conference — particularly on what he has to say about future rate policy and how the Fed views the balance of risks between inflation and employment.
Market Insights
Watch the latest video from Mike Smith for the week ahead in markets.
Key economic events
Stay up to date with the key economic events for the week.
The Boeing Company (NYSE: BA) reported Q4 2023 financial results before the market open in the US on Wednesday. World’s largest aircraft manufacturer’s revenue reached $22.018 billion for the last three months of 2023, above analyst estimate of $21.184 billion. Revenue rose by 10% year-over-year.
Boeing reported a loss per share of -$0.47, which was less than -$0.777 loss per share expected. Company overview Founded: 1916 Headquarters: Arlington County, Virginia, United States Number of employees: 156,000 (2022) Industry: Aerospace Key people: Dave Calhoun (President and CEO), Larry Kellner (Chairman) CEO commentary "While we report our financial results today, our full focus is on taking comprehensive actions to strengthen quality at Boeing, including listening to input from our 737 employees that do this work every day," Dave Calhoun, CEO of Boeing said in a statement. "As we move forward, we will support our customers, work transparently with our regulator and ensure we complete all actions to earn the confidence of our stakeholders," Calhoun looked ahead as company battles recent 737 aircraft safety issues and tries to rebuild its reputation. Stock reaction The stock took off on Wednesday after dropping to its lowest level since 17/11/2023 the day before.
Shares were up 5.29%, trading at $211.04 a share. Stock performance 5 day: -1.44% 1 month: -13.48% 3 months: +11.44% Year-to-date: -19.04% 1 year: -1.73% Boeing price targets Bank of America: $225 Susquehanna: $279 Wells Fargo & Company: $225 UBS Group: $315 Barclays: $235 Stifel Nicolaus: $265 Royal Bank of Canada: $275 Deutsche Bank: $270 Morgan Stanley: $220 Citigroup: $271 TD Cowen: $260 Jefferies Financial Group: $275 JP Morgan Chase & Co.: $245 The Boeing Company is the 104th largest company in the world with a market cap of $127.67 billion, according to CompaniesMarketCap. You can trade The Boeing Company (NYSE: BA) and many other stocks from the NYSE, NASDAQ, HKEX and ASX with GO Markets as a Share CFD on the MetaTrader 5 platform.
To find out more, go to ''Trading'' then select ''Share CFDs''. GO Markets offers pre-market and after-market trading on popular US Share CFDs. 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: The Boeing Company, TradingView, MarketWatch, MarketBeat, CompaniesMarketCap
It’s set to be another busy week of US earnings with The Coca-Cola Company, Shopify Inc., Airbnb Inc., Deere & Company and more expected to announce the latest earnings results. First up, US computer networking company Arista Networks Inc. (NYSE: ANET) released the latest results after the closing bell on Monday. The company achieved revenue of $1.54 billion for Q4 2023, narrowly beating Wall Street estimate of $1.534 billion.
Revenue was up by 20.8% year-over-year. Earnings per share (EPS) was reported at $2.08, which was above analyst estimate of $1.704 per share. EPS was up by 47.51% from Q4 2022.
Full year revenue was up by 33.8% from 2022 at $5.860 billion. EPS reached $6.94 per share. Company overview Founded: 2004 Headquarters: Santa Clara, California, United States Number of employees: 3,612 (2022) Industry: Networking hardware Key people: Jayshree Ullal (CEO and Chairperson), Andy Bechtolsheim (Founder and Chief Architect), Chantelle Breithaupt (CFO) CFO commentary "I am truly honoured to be a part of the leadership team that will drive Arista 2.0 products and technology for enterprise, cloud and AI customers.
As we enter 2024, we remain focused on satisfying their most demanding requirements with our compelling, innovative networking solutions," CFO of Arista Networks, Chantelle Breithaupt said in a press release. Stock reaction There was no major movement in share price on Monday before the latest results were announced. The stock was trading at $280.88 a share, down by 0.56%.
Shares fell by around 6% in the after-hours trading. Stock performance 5 day: +2.90% 1 month: +11.45% 3 months: +33.57% Year-to-date: +19.26% 1 year: +106.53% Arista Networks stock price targets Wells Fargo & Company: $310 JMP Securities: $325 KeyCorp: $287 Melius Research: $300 Morgan Stanley: $272 Citigroup: $300 The Goldman Sachs Group: $248 Needham & Company LLC: $235 Piper Sandler: $209 Rosenblatt Securities: $230 Bank of America: $225 Argus: $225 Barclays: $200 BNP Paribas: $210 Credit Suisse Group: $151 Arista Networks Inc. is the 178 th largest company in the world with a market cap of $87.38 billion, according to CompaniesMarketCap. You can trade Arista Networks Inc. (NYSE: ANET) and many other stocks from the NYSE, NASDAQ, HKEX and ASX with GO Markets as a Share CFD on the MetaTrader 5 platform.
To find out more, go to ''Trading'' then select ''Share CFDs''. GO Markets offers pre-market and after-market trading on popular US Share CFDs. 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: Arista Networks Inc., TradingView, MarketWatch, MarketBeat, CompaniesMarketCap
American Express Company (NYSE: AXP) announced fourth quarter of 2023 and full year financial results before the market opened in the US on Friday, ending a busy week of earnings. The US banking and payment card services company achieved revenue of $15.799 billion vs. $16.003 billion. Revenue grew by 11% vs. the year prior.
Earnings per share (EPS) reported at $2.62 vs. $2.639 pe share estimate. EPS was up by 27% year-over-year. American Express set a new full year revenue record at $60.5 billion – up by 14% vs. 2022.
Full year EPS reached $11.21 per share – an 14% year-over-year. The company also announced plans to increase its quarterly dividend to $0.70 per common share, up from $0.60 per share. Company overview Founded: 1850 Headquarters: 200 Vesey Street Manhattan, New York City, NY 10285, United States Number of employees: 77,300 (2022) Industry: Banking, Payment card services Key people: Stephen J.
Squeri (Chairman & CEO), Jeffrey C. Campbell (Executive VP & CFO) CEO commentary ''We delivered record revenues and profits in 2023, building on the momentum we've achieved since we announced our growth plan in January 2022. We continued to drive strong customer engagement, and demand for our premium products remained robust.
We added 12.2 million new proprietary cards in the year, bringing the total number of cards-in-force issued on our global network to over 140 million,'' Stephen J. Squeri, CEO of American Express commented on the latest results. Squeri also looked at the year ahead, setting expectations for investors: ''Based on the momentum in our business, we are providing full-year 2024 guidance for revenue growth of 9 percent to 11 percent and EPS of $12.65 to $13.15.
Looking ahead, we continue to run the business with a focus on our aspiration of revenue growth of 10 percent plus and mid-teens EPS growth.'' Stock reaction The share price rose by over 7% on Friday, trading at $201.43 a share. Stock performance 5 day: +8.90% 1 month: +6.47% 3 months: +41.16% Year-to-date: +6.47% 1 year: +15.76% American Express stock price targets BMO Capital Markets: $157 Deutsche Bank: $235 Robert W. Baird: $190 JP Morgan Chase & Co.: 205 Stephens: $193 The Goldman Sachs Group: $205 Barclays: $184 TD Cowen: $158 Citigroup: $154 Piper Sandler Companies: $151 Morgan Stanley: $175 Royal Bank of Canada: $185 HSBC: $181 Oppenheimer: $175 Bank of America: $202 American Express Company is the 86th largest company in the world with a market cap of $145.67 billion, according to CompaniesMarketCap.
You can trade American Express Company (NYSE: AXP) and many other stocks from the NYSE, NASDAQ, HKEX and ASX with GO Markets as a Share CFD on the MetaTrader 5 platform. To find out more, go to ''Trading'' then select ''Share CFDs''. GO Markets offers pre-market and after-market trading on popular US Share CFDs.
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: American Express Company, TradingView, MarketWatch, MarketBeat, CompaniesMarketCap
Chinese e-commerce giant, Alibaba Group Holding Ltd. (NYSE: BABA), released Q4 2023 earnings results before the US market open on Wednesday. The company achieved revenue of $36.67 billion, which was pretty much in line with analyst estimates. Revenue grew by 5% year-over-year.
Earnings per share was reported at $2.672 (down by 2% year-over-year), just shy of $2.672 per share expected. Company overview Founded: 1999 Headquarters: No. 969 West Wen Yi Road, Yuhang District, Hangzhou, Zhejiang, China and George Town, Cayman Islands Number of employees: 235,216 (July 2023) Industry: E-commerce Key people: Joseph Tsai (co-founder & chairman), Eddie Wu (co-founder & CEO), J. Michael Evans (president) CEO and CFO commentary ''We delivered a solid quarter as we are executing our focused strategies across the organization.
Our top priority is to reignite the growth of our core businesses, e-commerce and cloud computing. We will step up investment to improve users’ core experiences to drive growth in Taobao and Tmall Group and strengthen market leadership in the coming year. We will also focus our resources on developing public cloud products and sustaining the strong growth momentum in international commerce business,'' Eddie Wu, CEO of Alibaba said in a statement to investors.
Company CFO, Toby Xu also commented on the latest results: ''Alibaba Group delivered a healthy quarter with revenue growth of 5% year-over-year. We increased our investment in strategic priorities and improved shareholder return by leveraging our strong balance sheet and cash flow. Our board of directors approved an increase of US$25 billion to our share repurchase program, demonstrating our confidence in the outlook of our business and cash flow.
Our consistent share repurchase has also reduced outstanding share count while achieving EPS and cash flow per share accretion.'' Stock reaction The stock was trading at its highest level since 24/11/23 at market close on Tuesday. Shares fell at the open on Wednesady after Q4 results were announced and were down by around 5.94% at $73.59 a share. Stock performance 5 day: +2.04% 1 month: +3.12% 3 months: -13.16% Year-to-date: -4.99% 1 year: -29.94% Alibaba stock price targets Robert W.
Baird: $90 Mizuho: $100 Barclays: $109 Benchmark: $128 JP Morgan Chase & Co.: $110 Morgan Stanley: $90 Susquehanna: $150 Truist Financial: $120 UBS Group: $127 Bank of America: $136 HSBC: $135 Citigroup: $147 Alibaba Group Holding Ltd. is the 62nd largest company in the world with a market cap of $184.07 billion, according to CompaniesMarketCap. You can trade Alibaba Group Holding Ltd. (NYSE: BABA) and many other stocks from the NYSE, NASDAQ, HKEX and ASX with GO Markets as a Share CFD on the MetaTrader 5 platform. To find out more, go to ''Trading'' then select ''Share CFDs''.
GO Markets offers pre-market and after-market trading on popular US Share CFDs. 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: Alibaba Group Holding Ltd., TradingView, MarketWatch, MarketBeat, CompaniesMarketCap
Markets enter the new week with risk-on firmly the narrative with all three major US indexes hitting all-time highs last week. In FX markets, the positive market sentiment has seen the march higher in the US Dollar hit resistance and cyclical currencies AUD, NZD and GBP bounce. Ahead this week, traders have a slew of risk events to navigate with Central Bank meetings in Canada, Japan and Europe set to headline, also some big US data in Q4 GDP and the PCE inflation reading set to move FX markets.
Charts to Watch USDCAD – Bank of Canada set to hold after hot CPI A hotter than expected December inflation reading out of Canada presumably will make any meaningful dovish shift from the BoC very unlikely in this week’s policy meeting with markets fully pricing in a hold from the central bank. The 2024 rally in USDCAD hit resistance at the 50% fib level last week and pulled back sharply to test the lower trend line support late in the week. Key levels to watch will be the 50% fib level to the upside (1.3541) if the Bank does confound analysts and take a dovish turn.
If the bank strikes a hawkish tone then the trendline support followed by the big figure at 1.34 to the downside. EURUSD – to pushback or not pushback In December’s policy meeting the ECB basically announced the end of the current rate hiking cycle. Since then markets have priced in an aggressive trajectory of ECB rate cuts this year against the backdrop of a slowing EZ economy.
Are the markets being too dovish in their predictions? This weeks ECB meeting may settle it if we see a hawkish pushback, or no pushback at all. EURUSD set new 2024 lows last week, breaking the key 1.09 support level, which has now turned into resistance.
This will be a key level to watch this week to see if it can re-establish itself as support, or continue as a cap to the upside. USDJPY - BoJ to maintain YCC No surprises are expected from the BoJ on Thursday, with the bank look set to maintain its YCC policy and negative short-term rate policy. It’s more likely any policy shift will come after the March annual wage negotiations, though the BoJ have been known to surprise before.
USDJPY has risen sharply in 2024, at these levels it does look a little overbought as it has streaked ahead of the US10Y-JP10Y yield differential which has been the main driver of this pair in recent past. We are also approaching the 150 level, where chatter of intervention may start up. The weeks full calendar at the link below: https://www.gomarkets.com/au/economic-calendar/
TSLA comes into Wednesdays Q4 earnings report having taken a beating so far is 2024, with the stock price down almost 16% in the first 4 weeks of the new year. Q4 was a quarter that saw the company’s deliveries trend higher, driven by stronger sales of its entry-level vehicles following price cuts, an upside surprise may be on the cards lending relief to stockholders after a big miss in Q3 earnings. Earnings reports for Tesla have been volatile to say the least as mixed results are apparent in the past four quarterly earnings reports, where we have seen two beats and two misses.
For this earnings report, the company is expected to report the same earnings per share (EPS) as Q3, where they missed by 17%, seeing TSLA stock drop around $20 as a result. Looking at the chart TSLA has been trading in a descending channel since August 2023 with a support zone possible between the October ’23 lows of 194.62 and the bottom of the channel around 180.71 if TSLA has another miss. To the upside on a beat the support/resistance level at 232.20 would be the level to watch.
Downside could also be limited by the extreme oversold reading we already see on the daily RSI indicator. Another positive sign for the bulls is skew in the options market currently, with equidistant options from the stock price to the downside (puts) and upside (calls) showing a higher price for calls, while this doesn’t mean the stock price is going higher, it does indicate that options traders are in the belief that a big move to the upside is slightly more likely. TSLA is due to release Q4 earnings after the US market close on Wednesday 24 th of January where they are expected to report earnings-per-share (EPS) of $0.73 on $25.76 billion in revenue.