ข่าวสารตลาด & มุมมองเชิงลึก
ก้าวนำตลาดด้วยมุมมองเชิงลึกจากผู้เชี่ยวชาญ ข่าวสาร และการวิเคราะห์ทางเทคนิค เพื่อเป็นแนวทางในการตัดสินใจซื้อขายของคุณ.
New U.S. Sanctions on Russia as Putin Conducts Nuclear Tests
The U.S. has imposed new sanctions on Russia's two largest oil companies, Rosneft and Lukoil, after planned peace talks between Trump and Putin collapsed on Wednesday.
Oil prices spiked 3% after the announcement, with Brent crude hitting $64 per barrel.
The targeted companies are among the world's largest energy exporters, collectively shipping about three million barrels of oil daily and accounting for nearly half of Russian production.
The sanctions build on recent European measures, as the UK targeted the same companies last week and the EU approved its own sanctions package on Wednesday.
In a show of force coinciding with the new sanctions, Putin supervised strategic nuclear exercises on Wednesday involving intercontinental ballistic missile launches from land and submarine platforms.
While the Kremlin emphasised these were routine drills, the highly coincidental timing is notable.
For markets, the key question now is whether secondary sanctions will follow, and if Trump’s enforcement remains strict. Traders will watch closely for any TACO signals that see Trump ease pressure in an attempt to restart negotiations.
Historic PM Wasting No Time on Celebrations
Sanae Takaichi made history this week as Japan's first female Prime Minister. The 64-year-old conservative leader, dubbed the "Iron Lady,” is already rolling out an aggressive policy agenda that could reshape Japan's economic and geopolitical position.
Her first major move is an economic stimulus package expected to exceed US $92 billion. The package includes abolishing the provisional gasoline tax and raising the tax-free income threshold from ¥1.03 million ($6,800), moves designed to put more money in consumers' pockets and battle inflation.
Her next move will come when Trump arrives in Tokyo next week, as the Japanese government is finalising a purchase package including Ford F-150 pickup trucks, US soybeans, and liquefied natural gas as sweeteners for trade talks.
Takaichi has campaigned on being a champion for expansionary fiscal policy, monetary easing, and heavy government investment in strategic sectors, including AI, semiconductors, biotechnology, and defence.
Critical Workers to Miss First Paycheck Due to Shutdown
The U.S. government shutdown is on the verge of creating a crisis for aviation safety, with 60,000 workers set to miss their first full paycheck this week.
These essential workers, who earn an average of $40,000 annually, already saw shortened paychecks last week. By Thursday, many will receive pay stubs showing zero compensation for the coming period, forcing impossible choices between basic necessities and reporting to work.
During the last extended shutdown, TSA sick-call rates tripled by Day 31, causing major delays at checkpoints and reduced air traffic in major hubs like New York — disruptions which are directly attributed to pressuring the end of the previous shutdown.
The National Air Traffic Controllers Association warns that similar pressures are building, with many workers soon to be facing a decision between attending their shift or putting food on the table.
The Asian-Pacific financial markets are bracing for a potentially modest opening on Friday, undeterred by the negative performance witnessed in US indices the previous night. This downturn was spurred by remarks from Federal Reserve Chief Jerome Powell, who suggested that existing interest rates might not be restrictive enough. Powell's comments triggered a cautious response from investors, causing them to temper their expectations of imminent rate cuts and adopt a wait-and-see approach.
ASX 200 futures showed a promising uptick of 0.2%. This uptrend indicated a slight gain after an initial surge of over 20 points, providing a glimmer of optimism amid the global economic landscape. Simultaneously, the Australian dollar faltered, slipping below the psychological barrier of US64¢.
In the US, financial landscape experienced notable shifts. The 10-year note yield, a key indicator of market sentiment, surged by a significant 14 basis points, reaching 4.63% at 4:15 pm. Even more striking was the 30-year yield, which saw a record increase of 22 basis points, ultimately settling at 4.77%.
These abrupt movements in yields highlighted the market's sensitivity to Powell's commentary and the broader economic factors influencing investor decisions. Among the developments capturing the attention of Australian investors is the eagerly awaited release of the Reserve Bank of Australia's (RBA) Monetary Policy Statement at 11:30 am on Friday. This release is poised to provide valuable insights into the RBA's outlook on the domestic and global economic landscapes, potentially influencing market sentiment and investment strategies.
The iron ore market experienced a boost overnight, propelled by growing optimism surrounding China's gradual efforts to revive its real estate sector. This positive development in a key commodity market added a layer of complexity to investors' decision-making processes, as they assessed the potential impact on related industries and global economic trends. Investor attention remained focused on the upcoming corporate events and financial disclosures.
Companies such as News Corp (ASX:NWS) and Light & Wonder Inc (ASX:LNW) are slated to unveil their earnings releases, offering a glimpse into their financial health and overall market performance. Similarly, sales data from Rea Group Ltd (ASX:REA) and Jupiter Mines Ltd (ASX:JMS) are eagerly anticipated, providing crucial insights into consumer behavior and market demand dynamics. Several other firms, including KMD Brands Ltd (ASX:KMD), Lithium Power International Ltd (ASX:LPI), Kelly Partners Group Holdings (ASX:KPG), and NIB Holdings (ASX:NHF), are scheduled to hold their annual meetings on Friday.
Janus Henderson Group (ASX:JHG) is expected to trade ex-dividend today, adding another layer of complexity to market dynamics. The ongoing debate surrounding US interest rates continues to cast a shadow over market stability. Powell's emphasis on the need for sustainable inflation rates, despite a slight decrease in US inflation over the past year, has contributed to uncertainty and speculation among investors.
The delicate balance between controlling inflation and stimulating economic growth remains a key concern, shaping market sentiment and investment strategies moving forward. As the global financial landscape navigates these intricate challenges, investors are closely monitoring economic indicators, corporate disclosures, and central bank actions. The nuanced interplay of these factors continues to shape market trends, emphasizing the need for vigilance, adaptability, and informed decision-making in the ever-changing world of finance.
New data has revealed nearly 3,500 investment scam websites have been knocked out by ASIC's scam website takedown capability since it was launched in July 2023, as ASIC sharpens its efforts to protect Australians from digitally enabled misconduct. ASIC's latest enforcement and regulatory update highlights the regulator's investment scams disruption work, as well as its focus on surveillance activity to minimise and prevent consumer harm, targeting market integrity, greenwashing and insurance failures and promoting compliance with the law. ASIC Chair Joe Longo said, ‘Cost of living issues mean more Australians are looking for ways to make ends meet and scammers are only too happy to try and take advantage.
That’s why ASIC is stopping investment scams at the source of their promotion, removing them from the internet before they can lure in unsuspecting consumers. ‘We’ve already examined the way major banks detect, prevent and respond to scams, resulting in ASIC setting expectations that all financial institutions take steps to improve their approaches. We have now turned our attention to a broader range of banks and superannuation trustees to ensure they’re doing all they can to protect their members and customers from predatory scammers.’ Mr Longo also pointed to significant results across ASIC's regulatory and enforcement arms and flagged further action to come. 'In the half year to 31 December 2023, ASIC secured almost $60 million in civil penalties and 9 criminal convictions. We launched 83 new investigations, commenced 19 new civil proceedings, criminally charged 19 individuals and completed nearly 350 surveillances.
ASIC is in courts and boardrooms across Australia almost every single day of the week,' he said. 'Australians can continue to expect significant regulatory and surveillance work from ASIC in the coming months. We are scrutinising the way lenders comply with their hardship obligations, how banks support First Nations consumers to access low-fee accounts, and how superannuation trustees deliver important member services, such as how they handle death benefits claims. We will continue to work to ensure the financial system works for all Australians,' concluded Mr Longo.
ASIC’s results at a glance 83 investigations commenced 15 months - average length of civil investigations 24 months - average length of criminal investigations 80% - civil litigations and criminal litigations successfully completed $59.8 million - civil penalties imposed by courts 9 criminal convictions 347 surveillances completed 19 new civil proceedings filed 19 new criminal litigations commenced (individuals charged) Source: The Australian Securities & Investments Commission. Original article available here.
American supermarket chain Target Corporation (NYSE: TGT) announced the latest earnings results before the opening bell on Wall Street on Tuesday. Target reported revenue of $31.919 billion for the previous quarter vs. $31.827 billion expected. Earnings per share (EPS) also topped estimates at $2.98 vs. $2.416 per share expected.
Revenue and EPS increased by 1.6% and 57.67% year-over-year respectively. The company achieved full-year revenue of $105.803 billion in 2023, down from $107.588 billion in 2022. Company overview Founded: June 24, 1902 Headquarters: Target Plaza Minneapolis, Minnesota, United States Number of employees: 440,000 (2023) Industry: Retail Key people: Brian Cornell (Chairman & CEO) CEO commentary Target CEO, Brian Cornell had this to say to investors: "Our team's efforts changed the momentum of our business, further improving our sales and traffic trends in the fourth quarter while driving profitability well ahead of expectations." "Throughout the season, guests responded to newness, value, and the inspiration and ease of our in-store and digital shopping experience.
Looking ahead, we'll continue to invest in the strengths and differentiators that have delivered strong financial performance over time. We'll also roll out fresh innovations, including our new Target Circle membership program, as part of our roadmap for growth aimed at meeting consumers where they are, reigniting sales, traffic and market share gains, and positioning Target for profitable growth in 2024 and beyond," Cornell added. Stock reaction The stock rallied by over 11% after the latest financial results were announced, trading at $168.20 a share – the highest level since April 2023.
Stock performance 5 day: +10.37% 1 month: +16.15% 3 months: +26.24% Year-to-date: +17.79% 1 year: +3.03% Target stock price targets JP Morgan Chase & Co.: $157 Telsey Advisory Group: $160 Oppenheimer: $170 Wells Fargo & Company: $165 Stifel Nicolaus: $153 Gordan Haskett: $170 Morgan Stanley: $165 TD Cowen: $148 BMO Capital Markets: $130 Royal Bank of Canada: $157 Citigroup: $142 Jefferies Financial Group: $135 Tigress Financial: $180 Evercore ISI: $130 Bank of America: $135 Target Corporation is the 215 th largest company in the world with a market cap of $77.39 billion, according to CompaniesMarketCap. You can trade Target Corporation (NYSE: TGT) 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: Target Corporation, TradingView, MarketWatch, MarketBeat, CompaniesMarketCap
American customer relationship management company Salesforce Inc. (NYSE: CRM) released the latest financial results after the closing bell on Wall Street on Wednedsay. Salesforce achieved revenue of $9.287 billio for the fourth quarter of fiscal 2024 vs. $9.223 billion expected. Revenue increased by 11% from the same period the year before.
Earnings per share (EPS) also topped analyst estimates at $2.29 vs. $2.27 per share estimate. EPS grew by 36.30% year-over-year. Full fiscal 2024 revenue grew by 11% to $34.9 billion.
The company expects revenue of between $37.7 to $38 billion for current fiscal year, which is below analyst estimate of $38.61 billion. Company overview Founded: February 3, 1999 Headquarters: Salesforce Tower, San Francisco, California, United States Number of employees: 79,390 (2023) Industry: Cloud computing, Enterprise software, Consulting Key people: Marc Benioff (Chairman & CEO) CEO commentary Marc Benioff, CEO of Salesforce had this to say to shareholders following the latest earning call: "It's been a phenomenal year of transformation for Salesforce with strong performance across all our key metrics, including record cash flow and margin growth. Our total remaining performance obligation ended the fourth quarter at $56.9 billion, an increase of 17% year-over-year.
We’re also thrilled to initiate our first-ever Salesforce dividend and increase our share buyback plan by $10 billion." "With our trusted, unified Einstein 1 Platform, we’re incredibly well positioned to build on our success and capitalize on the massive surge in tech spending expected over the coming years, delivering an unprecedented level of intelligence to our customers as AI transforms every company and industry," Benioff concluded. Stock reaction The stock was flat at the end of Wednesday’s trading session, ending the day at $299.77 a share. Shares fell by around 4% in after-hours trading despite earnings beat on future guidance.
Stock performance 5 day: +5.45% 1 month: +6.37% 3 months: +29.80% Year-to-date: +13.63% 1 year: +78.66% Salesforce stock price targets Piper Sandler: $285 Citigroup: $325 Stifel Nicolaus: $330 Wells Fargo & Company: $290 UBS Group: $310 Oppenheimer: $325 Robert W. Baird: $310 JMP Securities: $293 Morgan Stanley: $350 Wolfe Research: $315 Argus: $290 Bank of America: $300 Salesforce Inc. is the 33 rd largest company in the world with a market cap of $289.58 billion, according to CompaniesMarketCap. You can trade Salesforce Inc. (NYSE: CRM) 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: Salesforce Inc., TradingView, MarketWatch, MarketBeat, CompaniesMarketCap
Oracle Corporation (NYSE: ORCL) announced the latest financial results for Q3 of fiscal 2024 after the market close on Monday. The US software and hardware manufacturer did not disappoint investors as both revenue and earnings per share (EPS) topped estimates. The company achieved revenue of $13.3 billion for the previous quarter vs. $13.286 billion expected.
Revenue grew by 7% year-over-year. EPS reached $1.41 vs. $1.377 per share expected. EPS was up by 16% vs. the same period the year before.
Oracle announced a quarterly dividend of $0.40 a share. Company overview Founded: 1977 Headquarters: Austin, Texas, United States Number of employees: 164,000 (2023) Industry: Enterprise software, business software, cloud computing, computer hardware, consulting Key people: Larry Ellison (Executive Chairman & CTO), Jeff Henley (Vice Chairman), Safra Catz (CEO) CEO commentary Safra Catz, CEO of Oracle had this to say to investors following the latest results: “Large new cloud infrastructure contracts signed in Q3 drove Oracle's total Remaining Performance Obligations up 29% to over $80 billion—an all-time record.” “We expect to continue receiving large contracts reserving cloud infrastructure capacity because the demand for our Gen2 AI infrastructure substantially exceeds supply—despite the fact we are opening new and expanding existing cloud datacenters very, very rapidly. We expect that 43% of our current $80 billion of Remaining Performance Obligations will be recognized as revenue over the next four quarters, and that our Gen2 Cloud Infrastructure business will remain in a hypergrowth phase—up 53% in Q3—for the foreseeable future,” Catz concluded.
Stock reaction Shares were up by 1.52% at the end of trading session on Monday at $114.13 a share. The stock rose by over 9% in the after-hours trading. Stock performance 5 day: +0.06% 1 month: -1.48% 3 months: -0.87% Year-to-date: +8.25% 1 year: +34.38% Oracle stock price targets Piper Sandler: $122 BMO Capital Markets: $126 UBS Group: $125 Wolfe Research: $130 Evercore ISI: $130 Morgan Stanley: $105 Guggenheim: $150 Berenberg Bank: $110 Mizuho: $150 HSBC: $144 DZ Bank: $125 JP Morgan Chase & Co.: $100 DA Davidson: $104 Barclays: $147 Oracle Corporation is the 31 st largest company in the world with a market cap of $313.73 billion, according to CompaniesMarketCap.
You can trade Oracle Corporation (NYSE: ORCL) 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: Oracle Corporation, TradingView, MarketWatch, MarketBeat, CompaniesMarketCap
NIO Inc. (NYSE: NIO) has had a terrible start to 2024 with the stock plummeting by over 35% year-to-date. On 23/2/24, JP Morgan Chase & Co. downgraded its price target for NIO from $8.50 to $5 a share, citing "weakness to the company's slow sales in January and investor concern on the company's sales and earnings momentum in 2024." On Friday, the Chinese electric vehicle manufacturer released the latest delivery data for February. The company delivered a total of 8,132 cars last month, down from 12,157 deliveries in February 2022.
NIO has delivered 467,781 vehicles in total as of 29/2/24. The EV maker will announce the latest financial results for Q4 2023 before the US market open on 5/3/24. Company overview Founded: November 2014 Headquarters: Shanghai, China Number of employees: 20,000+ (2023) Industry: Automotive Key people: William Li (CEO), Lihong Qin (President), Wei Feng (CFO) Stock reaction The stock was up by 0.52% at the end of Friday’s session at $5.78 a share.
Stock performance 5 day: +7.69% 1 month: +4.96% 3 months: -18.67% Year-to-date: -35.89% 1 year: -39.24% NIO stock price targets Mizuho: $15 Deutsche Bank: $16 CLSA: $14 Sanford C. Bernstein: $8 JP Morgan Chase & Co.: $5 Citigroup: $19.20 UBS Group: $15 Nomura: $7.50 Barclays: $8 Morgan Stanley: $12 NIO Inc. is the 1395 th largest and 4 th largest electric vehicle company in the world with a market cap of $12.09 billion. You can trade NIO Inc. (NYSE: NIO) 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: NIO Inc., TradingView, MarketWatch, MarketBeat, CompaniesMarketCap