(AOF) – The indices on Wall Street should move significantly higher after the victory of Republican candidate Donald Trump in the American presidential election. As a result of this victory, the American currency is progressing significantly against other currencies. Customs duties and tax cuts are major points in the economic program of the now 47th President of the United States. Before the first exchanges, futures on American indices are very well oriented. Those of the S&P and those of the Nasdaq gained 2.03% and 1.67% respectively.
Yesterday on Wall Street
European markets started the session higher as Donald Trump declared himself victorious. Not only is the former Republican president on the verge of returning to the White House, but his victory looks clear. The worst-case scenario of a narrow victory for one or the other of the candidates, which would have been contested by the other side, is ruled out. The Republicans also have a majority in the Senate. After a few minutes of trading, the CAC 40 gained 1.04% to 7484.18 points.
Macroeconomic figures
In the United States, the weekly evolution of oil stocks will be communicated at 4:30 p.m.
Values to follow today
CVS Health
CVS Health's third-quarter revenue was $95.4 billion, an increase of 6.3% from the prior year. Adjusted earnings per share for the period were $1.09, compared to $2.21 a year earlier, mainly due to lower operating income in the healthcare services sector. Operating income was $832 million, a decrease of 77.5%. Net profit amounted to $71 million in this third quarter compared to $2.27 billion a year earlier.
Devon Energy
Devon Energy's third quarter revenue was $4.02 billion. Its net profit reached $812 million, or $1.30 per share, compared to $844 million and $1.34, respectively, a year earlier. Adjusted earnings per share came to $1.10. Its oil production reached 335,000 barrels of oil (boe) per day during this quarter, beating forecasts by 4%.
Microchip
American chipmaker Microchip reported higher profits than expected, but disappointing prospects. In the second quarter, ended at the end of December, net income fell by $78.40 million, or 14 cents per share, compared to $666 million, or $1.21 per share, respectively. Excluding exceptional items, earnings per share came to 46 cents, 3 cents better than expected. Its revenue fell 48.4% to $1.164 billion, compared to the consensus of $1.15 billion.
Tesla
Tesla is expected to rise by more than 12% in pre-market trading on Wall Street after Donald Trump's victory in the US presidential election. His boss Elon Musk strongly supported the Republican candidate and welcomed his victory this morning by tweeting “America is a nation of builders, soon you will be free to build”. Donald Trump announced in September that he wanted to appoint Elon Musk to head a government commission “responsible for conducting a comprehensive audit of the finances and performance of the entire federal government.”
Teva
Teva is expected to rise in pre-market trading on Wall Street after the publication of its results. The Israeli pharmaceutical company raised its annual forecasts, now expecting diluted earnings per share of between $2.40 and $2.50 compared to $2.30 to $2.50 previously. Adjusted Ebitda should be between 4.7 and 5 billion dollars, compared to 4.6 to 5 billion previously, for a turnover of 16.1 to 16.5 billion instead of 16 to 16.4 billion.
Trump Media
Trump Media Technology Group is on the rise in the wake of Donald Trump's official victory in the US presidential election. The action of the company introduced in March and in which the Republican candidate holds a majority stake climbs 38% in pre-market trading. Donald Trump was elected President of the United States in the morning after successfully crossing the threshold of 270 electors. The billionaire claimed his victory in front of his supporters in Florida.
Macroeconomic figures
Data on the weekly evolution of oil stocks will be published at 4:30 p.m.
Yesterday on Wall Street
US stock markets closed on a positive note on election day. The presidential election took a back seat as investors focused more attention on company results and the day's statistics. The composite PMI and that of services came out slightly below expectations. On the value side, Palantir Technologies rose to the top of the S&P 500 after once again raising its annual targets. The Dow Jones rose 1.03% to 42,227 points while the Nasdaq gained 1.43% to 18,439 points.
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