(AOF) – American markets are expected to rise the day after the publication of Nvidia's robust third quarter results. However, the American multinational's higher-than-expected objectives were initially deemed insufficient by investors. In the fourth quarter, the technology group is targeting an average of $37.5 billion in sales compared to $37.1 billion for the market. Its stock should increase by 1.4%. A few minutes before the first exchanges, futures on the S&P and those on the Nasdaq gained 0.49% and 0.59% respectively.
Yesterday on Wall Street
American indices closed in disorganized order. On the value side, Target fell by more than 21%, dragging its competitors (Dollar General, Dollar Tree) with it: the American discount retailer revealed negative forecasts for the end of the year and results below consensus. On the foreign exchange market, bitcoin touched $94,673 early in the afternoon, bringing its gains since the start of the year to 122%. The Dow Jones gained 0.32% to 43,408.47 points and the Nasdaq lost 0.11% to 18,966.14 points. Nvidia's results will be released this evening after the close.
Macroeconomic figures
The number of weekly unemployment claims rose to 213,000 last week, compared to 220,000 expected, after 219,000 the previous week.
The Philadelphia Fed's manufacturing index came in at -5.5 in November, well below the consensus of 6.3, after 10.3 in October.
At 4 p.m., in the United States, the index of leading indicators in October and data on sales of existing homes in October will be published at 4 p.m.
Data on the weekly evolution of gas stocks in the United States will be known at 4:30 p.m.
Values to follow
Alphabet
The US government officially proposed a partial dismantling of Google on Wednesday, asking a federal judge to force it to sell the Chrome web browser. On August 5, Judge Amit Mehta ruled that Google illegally maintained a monopoly on online search services.
Amgen
Amgen announced that Howard Chang will join the company as senior vice president of research, effective December 16, 2024, replacing Ray Deshaies, who held the position since 2018 and whose departure was announced in July . A professor at Stanford and co-founder of several companies including Orbital Therapeutics and Cartography Biosciences, he will also assume the title and responsibility of chief scientific officer of Amgen. He will report to Jay Bradner, executive vice president of research and development.
Boeing
In financial difficulty, the American aircraft manufacturer Boeing has sent layoff notices to 438 members of its professional aeronautics union (SPEEA). Affected workers will receive career transition services, subsidized health care benefits for up to three months, and severance pay. The Airbus competitor also issued layoff notices to 692 employees in Missouri, where its Defense, Space and Security division is located, according to a federal notice published Wednesday.
Deere
Deere & Company reported net income for the 2023/2024 fiscal year of $7.1 billion, or $25.62 per share, compared to $10.16 billion, or $34.63 per share, for the fiscal year. 2022/2023. Net sales stood at $44.75 billion for the 2023/2024 financial year compared to $55.56 billion a year ago. Over the next financial year, the group specializing in the manufacturing of agricultural equipment anticipates falling profits, between 5 and 5.5 billion dollars.
Nvidia
Nvidia presented targets last night that were higher than expected, but in proportions deemed insufficient by investors. With the specialist in chips for artificial intelligence applications boasting nearly $3.6 trillion in capitalization, expectations were particularly high. In the fourth quarter, the technology group is targeting an average of $37.5 billion in sales, where the market anticipates $37.1 billion. According to Bloomberg, the most optimistic analyst was targeting 41 billion.
Palo Alto
Palo Alto Networks revealed profits above expectations. In the first quarter, ending in late October, of fiscal 2025, the network security specialist reported net income of $350.7 million, or 99 cents per share, compared with a profit of $194.2 million. , or 56 cents per share, a year earlier. Excluding one-off items, its earnings per share came to $1.56, beating consensus by 8 cents.
Snowflake
Snowflake is expected to soar thanks to the presentation of better-than-expected profits and forecasts. The cloud-based data storage and analysis service specialist recorded a loss of $327.9 million in the third quarter, ending at the end of October, or -98 cents per share, compared to a loss of $211,000 per share respectively. $7 million, or -65 cents per share, a year ago. On an adjusted basis, the group generated earnings per share of 20 cents, above the consensus of 15 cents.
