市场资讯及洞察

On Monday, Citigroup raised its target price for the Irish multinational conglomerate, Johnson Controls International plc (NYSE: JCI), from $58 to $61 a share. On Tuesday, Johnson Controls announced its latest financial results for its fiscal fourth 2023. Let’s see how it performed.

Company overview Founded: 1885 Headquarters: Cork, Ireland Number of employees: 102,000 (2022) Industry: Conglomerate Key people: George Oliver (Chairman, CEO) The results Johnson Controls reported revenue of $6.906 billion for the quarter (up by 3% year-over-year), which missed analyst estimate of $7.099 billion. Earnings per share (EPS) also fell short of estimates at $1.05 per share (up by 6% year-over-year) vs. $1.095 per share expected. CEO commentary "Our fiscal 2023 results, highlighted by strong sales growth and margin expansion, further validate that our strategy of providing solutions that make buildings smarter, healthier, and more sustainable continues to gain momentum," George Oliver, CEO of Johnson Controls said in a letter to investors. "We made significant progress during the year advancing our service strategy, enabled by digital, and we continue to see strong order momentum and record backlog entering our new fiscal year," Oliver added.

Stock reaction The stock was down by over 6% during the trading day on Tuesday, trading at $52.63 a share. Stock performance 1 month: -0.58% 3 months: -9.06% Year-to-date: -18.54% 1 year: -21.70% Johnson Controls International stock price targets Citigroup: $61 Oppenheimer: $66 UBS Group: $74 Wells Fargo: $62 HSBC: $69 Morgan Stanley: $70 Barclays: $64 JP Morgan: $72 Deutsche Bank: $65 Mizuho: $78 Bank of America: $72 Johnson Controls International plc is the 507th largest company in the world with a market cap of $35.89 billion. You can trade Johnson Controls International plc (NYSE: JCI) and many other stocks from the NYSE, NASDAQ, HKEX, ASX, LSE and DE with GO Markets as a Share CFD.

GO Markets now offers pre-market and after-market trading on popular US Share CFDs. Trade the pre-market session: 4:00am to 9:30am, normal session, and after-market session: 4:00pm to 8:00pm, Eastern Standard Time. Why trade during extended hours?

Volatility never sleeps. Trade over earnings releases as they happen outside of main trading hours Reduce your risk and hedge your existing positions ahead of a new trading day Extended trading hours on popular US stocks means extended opportunities Sources: Johnson Controls International plc, TradingView, MarketWatch, MarketBeat, CompaniesMarketCap

FX traders have some tier one data releases to look forward to today, including the last major central bank meeting in the form of the Bank of Japan. RBA monetary policy minutes and Canadian CPI also having market moving potential. AUDUSD The Aussie was modestly in the green in Monday’s session after initial strength that saw it outperform G10 rivals in the European morning faded later in the session.

AUDUSD supported by further PBoC liquidity and a firmer Yuan fix early on. A mixed risk sentiment in the US session saw it hit resistance at the 4-monthth highs of 0.6735 and reversing course to a low of 0.6690. RBA minutes released at 11:30 AEDT have the potential to see an RBA pushback against the market’s view that rates have definitely peaked, lending a tailwind to the Aussie.

USDCAD USDCAD edged higher in Monday’s session but held near its four month lows, rising oil prices amid heightened Red Sea tensions tempering losses in CAD with traders awaiting today’s CPI inflation data. Economists expect the Canadian CPI to show inflation slowing to an annual rate of 2.9% in November from 3.1% in October. The Bank of Canada has left the door open to further rate hikes, so this reading will be a pivotal one to test that narrative.

USDJPY The much anticipated Bank of Japan could see some big swings in JPY as investors look for clues as to when the central bank foresees the end to its easy money policies. Bank officials have recently pushed back against rate hike expectations for this meeting. But with traders pricing in the end of negative rates in January, the language at this meeting will be key for the short-term performance of the yen.

A hawkish surprise could push USDJPY towards the 140 handle, an unchanged message could bring the cross back up to the 145 level.

USD bounced back to start the first full week of December after a horror run in November where the Dollar Index (DXY) fell around 3%. DXY breaking through the 200 Day SMA resistance and printing a high of 103.850. Sour risk sentiment and higher treasury yields (particularly in the short end) helping DXY erase the Powell inspired drop on Friday.

With the Fed having entered their blackout period ahead of next week’s FOMC meeting (meaning no Fed member jawboning) data this week will take on extra importance with USD traders particularly watching Services PMI data today and the NFP jobs report on Friday. AUD and NZD were the G10 underperformers, a strong USD and a broad risk-off backdrop the main drivers rather than anything specific to the currencies. AUDUSD was looking to test the 0.67 resistance early in the session before reversing course to test the support at 0.66 before finding some buyers.

Aussie traders have the December RBA meeting to navigate, with the Central Bank widely expected (95% chance according to futures) to keep rates unchanged. What AUD trader will be watching is for any change of language in the accompanying statement with regards to futures hikes, will the RBA leave the door ajar, wide open or shut it completely? Expect some volatility in the AUD as traders race to work that part out at announcement time.

Wednesdays FOMC meeting was always going to be about whether we’d see a hawkish pushback against market expectations of a dovish Fed in 2024, or a validation of those expectations, from the market reaction to the meeting, traders decided the latter is the conclusion. Rates were kept on hold at 5.35%-5.5% as expected but the updated dot plot and the language of the accompanying statement and Powell presser confirmed what most market participants were predicting, US rates have peaked, and multiple rate cuts are coming next year. This saw the USD dump along with yields with the US Dollar Index (DXY) blowing through its 200-day SMA (where it had been finding support) closing at session lows of 102.77.

The next minor support to the downside being the November swing low of 102.46. The Yen was a particular beneficiary of the dump in US yields which saw the rate differential between the US and JP 10 Year tighten significantly. USDJPY dropping to a 142 handle as it played catch up to the yields and now testing a key support level around its 200-day SMA and December lows.

Gold surged over 30 USD an ounce as a falling Dollar and yields emboldened the bulls. XAUUSD retaking the psychological 2000 USD an ounce level after finding strong support at the October Lows – December high 50% Fib level. A retest of the major resistance at 2070 could be on the cards, and is a key level to watch for gold traders.

Central bank action continues today with both the SNB and BoE scheduled to release their latest rate decisions.

American wholesale chain, Costco Wholesale Corporation (NASDAQ: COST), announced financial results for the first quarter of fiscal year 2024 after the closing bell in the US on Thursday. Company overview Founded: September 15, 1983 Headquarters: Issaquah, Washington, United States Number of employees: 316,000 (2023) Industry: Retail Key people: Hamilton E. James (Chairman), W.

Craig Jelinek (President and CEO) The results Costco reported total revenue of $57.799 billion for the quarter, which narrowly beat Wall Street analyst estimate of $57.785 billion. Revenue was up by 6% from the same period a year prior. Earnings per share (EPS) reported at $3.58 per share (up by 16.61% year-over-year), above $3.411 per share expected.

The company announced a cash dividend of $15 per share to all shareholders of the stock as of close of business on 28/12/2023. Stock reaction Shares of Costco were down by 1.75% on Thursday at $630.78 a share. The stock was down by around 1% in the after-hours as Wall Street digested the latest results from the company.

Stock performance 1 month: +9.48% 3 months: +12.16% Year-to-date: +38.76% 1 year: +36.54% Costco stock price targets Oppenheimer: $675 Evercore ISI: $650 Stifel: $615 Truist Financial: $619 Telsey Advisory Group: $625 JP Morgan: $605 Wells Fargo: $525 Loop Capital: $630 Deutsche Bank: $652 Morgan Stanley: $585 Bank of America: $610 Costco Wholesale Corporation is the 29th largest company in the world with a market cap of $281.37 billion. You can trade Costco Wholesale Corporation (NASDAQ: COST) and many other stocks from the NYSE, NASDAQ, HKEX, ASX, LSE and DE with GO Markets as a Share CFD. GO Markets now offers pre-market and after-market trading on popular US Share CFDs.

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US technology giant and one of the largest semiconductor companies in the world, Broadcom Inc. (NASDAQ: AVGO), announced fourth quarter and fiscal year 2023 results after the market close in the US on Thursday. Company overview Founded: 1961 Headquarters: San Jose, California, United States Number of employees: 20,000 (2023) Industry: Semiconductor, computer software Key people: Henry Samueli (Chairman), Hock Tan (President and CEO) The results Broadcom reported revenue of $9.295 billion (up by 4% year-over-year) vs. $9.277 billion estimate. Earnings per share (EPS) also topped analyst estimates for the quarter at $11.06 per share vs. $10.96 per share expected.

Net revenue reached $35.819 bill for the full fiscal 2023, up by 8% from the year prior. EPS reached $32.94 per share, an increase of 24.31% year-over-year. CEO commentary "Broadcom's fiscal year 2023 revenue grew 8% year-over-year to a record $35.8 billion, driven by investments in accelerators and network connectivity for AI by hyperscalers," President and CEO of Broadcom, Hock Tan, highlighted the reasons for the successful year for the company. "The acquisition of VMware is transformational.

In fiscal year 2024 we expect semiconductor to sustain its mid to high single digit revenue growth rate, with the contribution of VMware driving consolidated revenue to $50 billion, and adjusted EBITDA to $30 billion," Tan concluded. Stock reaction Shares of Broadcom ended the day up by 2.06% on Thursday at $922.26 a share before the latest results were announced. The stock dipped by around 1% in the after-hours trading.

Stock performance 1 month: +0.32% 3 months: +6.69% Year-to-date: +63.53% 1 year: +72.16% Broadcom stock price targets Rosenblatt Securities: $1000 Oppenheimer: $1100 Susquehanna: $1100 KeyCorp: $1200 Evercore ISI: $1050 Truist Financial: $995 Benchmark: $950 TD Cowen: $900 Wells Fargo: $900 Mizuho: $960 Deutsche Bank: $950 Broadcom Inc. is the 20th largest company in the world with a market cap of $378.07 billion. You can trade Broadcom Inc. (NASDAQ: AVGO) and many other stocks from the NYSE, NASDAQ, HKEX, ASX, LSE and DE with GO Markets as a Share CFD. GO Markets now offers pre-market and after-market trading on popular US Share CFDs.

Trade the pre-market session: 4:00am to 9:30am, normal session, and after-market session: 4:00pm to 8:00pm, Eastern Standard Time. Why trade during extended hours? Volatility never sleeps.

Trade over earnings releases as they happen outside of main trading hours Reduce your risk and hedge your existing positions ahead of a new trading day Extended trading hours on popular US stocks means extended opportunities Sources: Broadcom Inc., TradingView, MarketWatch, MarketBeat, Benzinga, CompaniesMarketCap