(AOF) – American markets should open in the green after being penalized yesterday by geopolitical tensions. Bitcoin has reached a new all-time high. On the value side, Comcast is expected to rise after announcing its decision to split its cable television network activities, NBCUniversal. Nvidia, which is due to publish its quarterly reports today, is also expected to be in positive territory. A few minutes before the bell, futures on the S&P 500 and the Nasdaq Composite gained 0.21% and 0.16%. The 10-year yield rebounds.
Yesterday on Wall Street
US markets closed without clear direction. Russia approved a new doctrine expanding the use of nuclear weapons and Ukraine carried out the first attack on Russia using American ATACMS missiles. Walmart stood out after a strong third quarter and an upwardly raised annual outlook. Nvidia, which is due to publish its quarterly reports on Wednesday, also shone, taking the entire technology sector in its wake. The Dow Jones fell 0.28% to 43,268 points while the Nasdaq rose 1.04% to 18,987 points.
Macroeconomic figures
In the United States, the weekly evolution of oil stocks will be published at 4:30 p.m.
Values to follow
Apple
Apple saw a double-digit year-over-year decline in iPhone sales during China's “Singles' Day,” according to Counterpoint Research. The US firm faced pressure from an unusually high number of competing flagship devices launching just before and during the festival sales period. This year's two-week “Singles' Day” sales period saw volume sales decline by 9%.
Comcast
Comcast will spin off its cable television network operations, NBCUniversal, including USA Network, CNBC and MSNBC. The leading American cable operator and Internet access provider specifies that the new unit will reach around 70 million households in the United States for 7 billion in revenue. Comcast will continue to focus on expanding its core growth businesses, including NBCUniversal's residential broadband, wireless, business services and streaming, studios and theme parks.
Delta
Delta Air Lines said Wednesday it expects its 2025 revenue to rise some 5%, as the company steps up its bet on premium travel, a major revenue driver for it. Delta is targeting a 10% annual increase in earnings per share over the next three to five years and expects operating margins to be around 15%. The stock is, however, expected to fall: according to Reuters, investors fear the impact of overcapacity on prices.
Nio
Nio is expected to fall in pre-market trading on Wall Street after the publication of its third quarter results. The Chinese manufacturer of electric vehicles saw its gross margin reach 10.7% compared to 8% a year ago and its gross profit increase 31.8% over one year to $286 million, for a declining turnover. by 4.1% to $379.4 million. The net loss reached $721 million, up 8.1% year-on-year. In the 4th quarter, Nio expects an increase of 43.9 to 49.9% in its vehicle sales, or 72,000 to 75,000 vehicles sold.
Pfizer
Pfizer has named Chris Boshoff as chief scientific officer and president of research and development effective January 1, 2025. Dr. Boshoff, who previously served as chief scientific officer and executive vice president , will succeed Dr Mikael Dolsten whose departure from Pfizer was announced earlier this year. In his new role, Dr. Boshoff will remain a member of the Pfizer leadership team, reporting to President and CEO Dr. Albert Bourla, and he will oversee all R&D functions across all areas.
Target
Target, whose stock fell 18% in pre-market trading, reported figures below consensus for its third quarter, accompanied by negative forecasts for the end of the year. The publication of the American discount retailer contrasts with that of Walmart yesterday. Target expects stable comparable sales and earnings per share of between $1.85 and $2.45 in the fourth quarter, where analysts were targeting a 1.64% increase in sales and EPS of $2.66.
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