市場新聞與洞察

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.

World’s second largest semiconductor company, Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE: TSM), reported the latest results for Q4 of 2023 before the opening bell in Wall Street on Thursday. TSMC achieved revenue of $19.785 billion in Q4 2023 vs. $19.675 billion expected.

Revenue rose by 14.4% from Q3. Earnings per share was reported at $1.456 per share, which exceeded estimate of $1.385 per share. Company overview Founded: 1987 Headquarters: Hsinchu Science Park, Taiwan Number of employees: 73,090 (2022) Industry: Semiconductor Key people: Mark Liu (Chairman), C.C.

Wei (CEO and vice-chairman), Wendell Huang (VP and CFO) CEO commentary "Our fourth quarter business was supported by the continued strong ramp of our industry-leading 3-nanometer technology. Moving into first quarter 2024, we expect our business to be impacted by smartphone seasonality, partially offset by continued HPC-related demand," Wendell Huang, CFO of the company said in statement to investors. Stock reaction The stock rose by over 7% during Thursday’s session after the company posted the latest results, trading at $110.32 a share.

Stock performance 5 day: +9.03% 1 month: +7.62% 3 months: +18.78% Year-to-date: +6.12% 1 year: +24.84% Taiwan Semiconductor Manufacturing stock price targets TD Cowen: $95 Barclays: $105 Needham & Company LLC: $115 Susquehanna: $130 Taiwan Semiconductor Manufacturing Co. Ltd. is the 11th largest company in the world with a market cap of $570.66 billion. You can trade Taiwan Semiconductor Manufacturing Co.

Ltd. (NYSE: TSM) 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: Taiwan Semiconductor Manufacturing Co.

Ltd., TradingView, MarketWatch, MarketBeat, CompaniesMarketCap

Prologis Inc. (NYSE: PLD) announced reported its latest financial results before the market open in the US on Wednesday. The largest real estate company in the US reported revenue of $1.756 billion for Q4 of 2023. Revenue missed analyst estimate of $1.85 billion.

Earnings per share (EPS) reported at $0.68 per share, above $0.588 per share expected. Company overview Founded: 1983 Headquarters: San Francisco, California, United States Number of employees: 2,466 (2022) Industry: Real estate Key people: Hamid Moghadam (Chairman and CEO), Dan Letter (President), Gary Anderson (COO), Tim Arndt (CFO) CEO commentary "We closed 2023 adding another year of exceptional performance. I couldn't be more proud of our team," CEO of the company, Hamid Moghadam said in a press release to investors.

Moghadam also highlighted challenges for the company for the year ahead: "While uncertainties remain in the economic and geopolitical environment, we are positive about the outlook for 2024. We remain focused on executing the strategy outlined at our recent Investor Forum to drive significant value from our global scale and continue to be a best-in-class partner to our customers." Stock reaction The stock was down by over 2% on Wednesday, trading at $126.86 a share – the lowest level since 12/12/2023. Stock performance 5 day: -5.01% 1 month: -2.77% 3 months: +21.54% Year-to-date: -4.83% 1 year: +3.43% Prologis stock price targets Mizuho: $130 JP Morgan: $148 Scotiabank: $143 Truist Financial: $120 Stifel Nicolaus: $130 Raymond James: $130 Barclays: $153 Evercore ISI: $125 BNP Paribas: $141 Morgan Stanley: $128 UBS Group: $144 Goldmans Sachs: $170 BMO Capital Markets: $145 Prologis Inc. is the 118th largest company in the world with a market cap of $117.21 billion.

You can trade Prologis Inc. (NYSE: PLD) 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: Prologis Inc., TradingView, MarketWatch, MarketBeat, CompaniesMarketCap