市场资讯及洞察

One of the largest food retailers in the United States, Kroger Co. (NYSE: KR), announced Q3 earnings results before the opening bell in Wall Street on Thursday. Company overview Founded: 1883 Headquarters: Cincinnati, Ohio, United States Number of employees: 465,000 (2022) Industry: Retail Key people: Rodney McMullen (CEO & Chairman) The results Korger reported revenue of $33.957 billion for the quarter, narrowly beating analyst estimate of $33.903 billion. Earnings per share reported at $0.95 per share vs. $0.907 per share expected.

CEO commentary Rodney McMullen, CEO of the company had this to say in the letter to investors after the release of Q3 results: "Kroger's third quarter results highlight the strength and diversity of our business model in a challenged operating environment, as strong fuel performance and growth in our alternative profit businesses supported continued adjusted net earnings per diluted share growth. As consumer spending tightens, we are focused on providing customers with exceptional value. By maintaining our long-term commitment to lower prices, personalised promotions and rewards, we are growing households and increasing loyalty, positioning Kroger for sustainable future growth.

We appreciate our associates and continue to invest in wages, benefits and training, which is resulting in continued improvements in our customer experience. "Our model's strength allows us to navigate many economic environments. We remain committed to balancing investments in associates and greater value for our customers while continuing to generate attractive and sustainable returns for our shareholders," McMullen highlighted the importance of the companies strategy to continue deliver solid results in the future. Stock reaction The stock had a positive reaction following the Q3 results announcement.

Shares were up by just over 2% at $44.59 a share. Stock performance 1 month: -1.59% 3 months: -3.69% Year-to-date: +0.22% 1 year: -7.71% Kroger stock price targets Telsey Advisory Group: $44.88 Roth MKM: $48 Deutsche Bank: $50 Bernstein: $54 BMO Capital: $45 Northcoast Research: $60 Kroger Co. is the 549th largest company in the world with a market cap of $32.29 billion. You can trade Kroger Co. (NYSE: KR) and many other stocks from the NYSE, NASDAQ, HKEX, ASX, LSE and DE 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: Kroger Co., TradingView, MarketWatch, TipRanks, Benzinga, CompaniesMarketCap, FactSet

US business software company Intuit Inc. (NASDAQ: INTU) announced the latest financial results for first quarter of fiscal 2024 after the closing bell in the US on Tuesday. Company overview Founded: 1983 Headquarters: Mountain View, California, United States Number of employees: 18,200 (2023) Industry: Enterprise software Key people: Sasan Goodarzi (CEO), Scott Cook (Chairman) The results Intuit reported revenue of $2.978 billion for the three months ending October 31 st (up by 15% from the same period last year), which was above analyst estimate of $2.878 billion. Earnings per share also topped analyst estimates at $2.47 per share (up by 49% year-over-year) vs. $1.978 per share expected.

The company reiterated full fiscal year 2024 revenue guidance of between $15.890 billion to $16.105 billion, which would represent growth of between 11% to 12% year-over-year. CEO commentary "We had a very strong first quarter, starting our fiscal year with momentum," CEO of Intuit, Sasan Goodarzi said in a letter to investors. "With data and AI core to our strategy, we're accelerating innovation across our global financial technology platform to power the prosperity of consumers and small businesses," Goodarzi added. Stock reaction The stock was up by 0.68% at $565.07 a share on Tuesday.

Share rose by around 1% in the after-hours trading as the latest results were announced. Stock performance 1 month: +14.17% 3 months: +5.33% Year-to-date: +45.18% 1 year: +48.82% Intuit stock price targets Wells Fargo: $575 Bank of America: $580 Morgan Stanley: $525 KeyBanc: $600 JP Morgan: $563 Intuit Inc. is the 71 st largest company in the world with a market cap of $158.18 billion. You can trade Intuit Inc. (NASDAQ: INTU) and many other stocks from the NYSE, NASDAQ, HKEX, ASX, LSE and DE 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: Intuit Inc., TradingView, MarketWatch, TipRanks, Benzinga, CompaniesMarketCap, FactSet

USD – The US dollar index was ultimately firmer in a choppy session where DXY hit a low of 103.18 in the APAC session only to reverse course later hitting a high of 103.71 in the US session. A sour risk environment after some misses in US retail earnings and traders getting long before the FOMC minutes seem to be the key drivers. Reaction to the minutes ended up being muted with a slight pop that retraced in quick time.

DXY now sandwiched between its 200-day SMA and key support level at 103.60 heading into the APAC session. AUD – AUDUSD got off to a flier in the APAC session after what was seen as hawkish RBA minutes released early in the session. The Aussie did fade later as it failed to breach key technical resistance at the 200-day SMA at 0.6590 and finished the session flat.

Key levels to watch today will be 0.6524 to the downside which was the top end of its recent range and the aforementioned 200-day SMA to the upside, Aussie traders will have comments from Governor Bullock later today to watch out for. EUR GBP EUR was the G10 laggard with EURUSD hitting a low of 1.0901 before finding some support at the big figure. ECB president Lagarde did speak but failed to inspire the bulls, also some budgetary issue out of Germany weighed on the single currency.

GBP on the other hand outperformed with cable having a positive session after some hawkish commentary from the BoE. This saw a sharp drop in EURGBP from its resistance at 0.8750 and heading towards its lower trend line support. Gold – XAUUSD broke out, setting new November highs and testing the October highs at 2009 before finding some resistance.

This came despite a stronger USD on the session, which would cheer the gold bulls.

USD continued its recent decline on Tuesday with the US dollar index (DXY) hitting its lowest level since mid-August at 102.60 before finding some support at the 61.8 Fib level. The decline accelerated after voting Fed member Waller who is seen as a hawk, made some dovish remarks regarding rates and inflation namely he was “increasingly confident" policy is well positioned to slow the economy and get inflation back to 2%, he also hinted at rate cuts next year if inflation and the economy continued on its current path. There were also some comments from Fed member Bowman which skewed hawkish, but as she is already considered a hawk there wasn’t a comparable market reaction as to the Waller comments.

Chart Source:TradingView.com JPY was the G10 outperformer benefitting the most from USD weakness and lower US Treasury yields that saw the US 10 year and JGB 10-year yields compress further. USDJPY hitting a low of 147.32 and testing the November lows and support level at 147.27. Today the BoJ's Adachi is due to speak ahead of a raft of Japanese data released during the remainder of the week.

Chart Source:TradingView.com AUDUSD and NZDUSD both hit 3-month highs of 0.6665 and 0.6147 respectively, with broad USD weakness and a risk-on market supporting both cyclical currencies. Strength in the commodity markets and recent hawkish comments from RBA governor Bullock also lending a tailwind to AUD. Both currencies come into Wednesday with key economic readings to navigate, with Aussie CPI, where a drop to 5.2% Y/Y from 5.6% is expected, and a RBNZ rate decision due.

The RBNZ is widely expected to hold rates at 5.50% so it will be the forward guidance kiwi traders will be watching closely. Chart Source:TradingView.com

Markets were predictably quite due to holidays in the US and Japan on Thursday. USD was marginally softer overall with DXY dropping to test the support at the 200-day MA before recovering modestly amid the holiday lull for Thanksgiving. Source:TradingView.com EURUSD managed mild gains with price action choppy around the 1.0900 level but eventually managed to hold that key level.

There were several hawkish leaning comments from ECB officials and ECB Minutes noting that members argued in favour of keeping the door open for a possible further rate. Source:TradingView.com GBPUSD extended on its mid-week bounce and made further progress above 1.2500 after UK manufacturing and services PMI figures beat forecasts. Source:TradingView.com USDJPY ended flat for the session but not before a sharp dip reversed following a bounce off support at 149.00 and seeing the pair again settle above 149.50.

Source:TradingView.com Ahead on Fridays, US traders will be mostly offline meaning another likely low volume session, we do have Manufacturing and Services PMI figures out of the US later today though.

The Euro was softer In Wednesdays US session with EURUSD failing to hold above the psychological 1.10 level with cooler than expected inflation readings out of Spain and Germany weighing on the single currency. EURGBP dropped for the fifth straight session and setting new November lows. Comments from ECB member Stournaras pushing back on April rate cut bets failing to offer much support.

Chart Source: TradingView.com JPY firmed against the USD, USDJPY still playing catch up with US – JP rate differentials. US yields were again lower across the curve putting downward pressure on USDJPY. The Yen did give up some gains after some dovish comments from the BoJ's Adachi regarding the BoJ’s easy money policies.

Chart Source: TradingView.com After a recent tear higher AUD was the G10 underperformer while across the ditch NZD was one of the outperformers. NZDUSD spiking higher following a hawkish hold from the RBNZ where the Central bank left rates on hold as expected, but it raised both its OCR and CPI forecasts and left the door wide open for future hikes if needed. AUDNZD tumbling through its 2023 range midpoint support at 1.07735 and setting new November lows.

Chart Source: TradingView.com Gold rallied for the fifth straight session, despite a bounce in the USD. XAUUSD poking it’s head above 20250 USD an ounce and entering the resistance zone set in April – May before paring some of its gains. The 2047-2067 zone looking a key area to test the rampant gold bull run of the last two weeks.

Chart Source: TradingView.com