AOF analysis closes Wall Street – Geopolitics and long prices disrupt indices

(AOF) – US markets ended lower due to Sino-American diplomatic tensions over Nancy Pelosi’s visit to Taiwan. The comments of several members of the Fed also contributed to the decline in the indices, indicating mainly that they were not fighting inflation. As a result, the 10-year yield rose 18 basis points to 2.75%, an unprecedented move. The Dow Jones closed up 1.23% to 32,396.17 while the Nasdaq Composite fell 0.16% to 12,348.76.

In the second quarter, luxury car maker Ferrari (-1.09% to $211.04) posted a profit of 251 million euros (+22%), or reduced earnings per share of 1.36 euros, or 7 cents more than the consensus of 1.29 euros. Interest jumped 24.9% to 1.29 billion euros, against estimates of 1.24 billion. The manufacturer delivered a total of 3,455 vehicles during this period, or 28.7% more than last year at the same time. Ebitda (34.6%) and Ebit (25%) margins are in line with its annual targets.

Points to follow today

Caterpillar

Caterpillar reported better than expected results, but disappointing sales. The earthmoving and mining equipment maker posted a second-quarter profit of $1.67 billion, or $3.13 a share, compared to a profit of $1.41 billion, or $2.56 per share, a year earlier in the same period. Excluding special items, earnings per share were $3.18, beating the consensus estimate of $3.01.

Devon Energy

Rising energy prices are playing into the hands of shale oil producers such as Devon Energy, which on August 1 reported earnings of $1.9 billion, or $2.93 per diluted share, in the second quarter of 2022. $2.59, compared to the consensus of $2.32. However, his title fell slightly in pre-market comments.

DuPont

If the chemical group of DuPont has revealed better than the expected results, investors will keep the reduction of other goals for 2022. In the second quarter, the total profit, part of the group, reached 787 million dollars, or 1.55 dollars per share against the amount of 478 dollars million, or 90 cents per share, previously. Adjusted for special items, earnings per share came in at 88 cents, 13 cents higher than expected.

pinterest

Pinterest, the social media company, has new owners. This is Elliott Investment Management. This systematic announcement comes as the group published results below market expectations. Pinterest revealed a second quarter loss of $43 million and 7 cents per head, on revenue of $666 million (+9%). The leader in online scrapbooking posted adjusted EPS of 11 cents, compared to last year’s 25 cents and 18 cents consensus.

Uber

The American giant of booking cars driven by drivers (VTC) and home delivery of food, Uber, is expected to rise significantly after announcing free earnings of $ 382 million in the second quarter, above expectations ($ 263.2 million) and a correction of $ 780 million for the year. It posted a net loss of $2.6 billion against a profit of $1.15 billion a year earlier. Revenue jumped 105% to $8.1 billion.

In the second quarter, the luxury car manufacturer Ferrari (+0.019% to $213.31) earned a profit of 251 million euros (+22%), or reduced earnings per share of 1.36 euros, ie 7 cents more than the consensus of 1.29 euros. Interest jumped 24.9% to 1.29 billion euros, against estimates of 1.24 billion. The manufacturer delivered a total of 3,455 vehicles during this period, or 28.7% more than last year at the same time. Ebitda (34.6%) and Ebit (25%) margins are in line with its annual targets.

Points to follow today

Caterpillar

Caterpillar reported better than expected results, but disappointing sales. The earthmoving and mining equipment maker posted a second-quarter profit of $1.67 billion, or $3.13 a share, compared to a profit of $1.41 billion, or $2.56 per share, a year earlier in the same period. Excluding special items, earnings per share were $3.18, beating the consensus estimate of $3.01.

Devon Energy

Rising energy prices are playing into the hands of shale oil producers such as Devon Energy, which on August 1 reported earnings of $1.9 billion, or $2.93 per diluted share, in the second quarter of 2022. $2.59, compared to the consensus of $2.32. However, his title fell slightly in pre-market comments.

DuPont

If the chemical group of DuPont has revealed better than the expected results, investors will keep the reduction of other goals for 2022. In the second quarter, the total profit, part of the group, reached 787 million dollars, or 1.55 dollars per share against the amount of 478 dollars million, or 90 cents per share, previously. Adjusted for special items, earnings per share came in at 88 cents, 13 cents higher than expected.

pinterest

Pinterest, the social media company, has new owners. This is Elliott Investment Management. This systematic announcement comes as the group published results below market expectations. Pinterest revealed a second quarter loss of $43 million and 7 cents per head, on revenue of $666 million (+9%). The leader in online scrapbooking posted adjusted EPS of 11 cents, compared to last year’s 25 cents and 18 cents consensus.

Uber

The American giant of booking cars driven by drivers (VTC) and home delivery of food, Uber, is expected to rise significantly after announcing free earnings of $ 382 million in the second quarter, above expectations ($ 263.2 million) and a correction of $ 780 million for the year. It posted a net loss of $2.6 billion against a profit of $1.15 billion a year earlier. Revenue jumped 105% to $8.1 billion.