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Pre-opening Wall Street: under pressure, with 'stats' and geopolitics

Jean-Noël Legalland , Published on 06/07/2017 at 15h00 http://www.boursier.com


(Wall Street) is expected under pressure in pre-session on Thursday. The S & P500 is facing a 0.4% decline before the stock market, while the Nasdaq loses 0, down from 0.4% before the stock market, while on the geopolitical front, the North Korean record worries again somewhat. 9% ...

According to Challenger's latest report on the subject, job destructions during the month of June in the United States concerned 31,105 jobs, a relatively low level compared to the historical data of the study.

According to ADP's latest monthly report on the issue, the US created only 158,000 jobs in the private sector in June 2017, against a consensus of around 180,000 and a level of 230,000 in May. In June, small businesses generated 17,000 jobs, medium-sized businesses 91,000 and large 50,000.

According to the US Department of Labor on Thursday, weekly inscriptions for unemployment for the week ended July 1 came out at 248,000, compared with 243,000 of the place consensus and 244,000 for the previous week.

The US trade deficit for May 2017 reached $ 46.5 billion, compared with $ 46.2 billion in consensus and $ 47.6 billion a month earlier.

The US Markit PMI Index for the month of June will be announced at 15:45 (consensus 53). The ISM indicator for services will be published at 4 pm (consensus 56.5).

Finally, the DoE weekly report on US domestic petroleum stocks for the week ended 30 June will be announced at 5 pm.

John Williams (San Francisco Fed chairman), Jerome Powell (governor of the Fed) and Stanley Fischer (vice president of the American Central Bank), will speak today.

VALUES OF THE DAY


Delta Air Lines . Delta Air Lines' very good June month allows the Air France-KLM partner to increase its operating margin forecast for the second quarter of 2017. The carrier, which saw its unit revenue increase 2.5% in June , Anticipates a similar increase over the three months ended at the end of June, whereas it has so far aimed to increase from 1% to 3%.

Delta, which cites better conditions for business travel, now expects a quarterly operating margin of between 18 and 19% against a range of 17% to 19% provided to the market in April.

Last month, the company recorded traffic up 2.8% to 20.83 billion passenger mile transported (RPM) for capacity up 1.8%. The occupancy coefficient was 88.5% (+0.8 points).

Herman Miller , a specialist in ergonomic devices and office supplies, released its fourth-quarter fiscal results. Earnings were $ 33.4 million ($ 0.55 per share) compared to $ 40.7 million ($ 0.67 per share) for the same period last year. Adjusted EPS was $ 0.64, up 14.3% year-on-year. Revenue was $ 577 million, down 0.9%. In the current quarter, the group targets revenues between $ 570 and $ 590 million, for a bp between $ 0.55 and $ 0.59.

PriceSmart , the US retailer, reported its third-quarter fiscal results. Earnings were $ 18.8 million, or $ 0.62 per share, compared to $ 16.8 million ($ 0.55 per share) for the same period last year. Revenue was $ 730.3 million, compared with $ 704.3 million a year earlier.

L Brands , an American group based in Columbus, Ohio, known for its Victoria's Secret brand, reported sales of $ 1.213 billion in June 2017, down 6% year-on-year. On a comparable basis, the retailer's monthly sales were down 9%.

Costco Wholesale , the US distributor of Issaquah, announced sales of $ 12.17 billion for the month of June, up 7% year-on-year. On a like-for-like basis, group sales were up 6% (+ 6.5% in the United States).

Tesla loses another 3% pre-session on Wall Street. Goldman Sachs maintains his recommendation to 'sell' the title of the electric car leader on Wall Street, and lowers his target price from 190 to 180 $.

Pandora . Shareholders and directors of the group would consider appointing Twitter's former chief operating officer, Adam Bain, as CEO of Pandora. This is information from the 'New York Post', according to which Bain would be part of the "short list".

Ford Motor has posted a 15% growth in unit vehicle sales in China in June 2017, year-on-year. This is the best monthly performance of the Michigan group this year in China.

Exxon Mobil . RBC Capital degraded Exxon from 'Outperformance' to 'Sector Performance', and further lowered 'Sector Performance' to 'Underperforming' his advice on Chevron .

Yum China . The foodservice group posted a bp in line with expectations for the second quarter, at 27 cents, while its incomes have barely lacked consensus. Growth on a comparable basis reached 3%, despite a stable performance of Pizza Hut.

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