Notícias de mercado & insights

Shares of Deere rise as financial results exceed expectations Deere & Company (NYSE: DE) announced financial results on Wednesday for the fourth quarter that ended on October 30, 2022. The US manufacturer of farm machinery and industrial equipment reported revenue of $15.536 billion for the quarter, which was above analyst forecast of $13.443 billion. Earnings per share reported at $7.44 per share vs. $7.112 per share expected. ''Deere’s strong performance for both the fourth quarter and full year is a tribute to our dedicated team of employees, dealers, and suppliers throughout the world,'' John C.

May, CEO of the company said in a statement. ''We’re proud of their extraordinary efforts to overcome supply-chain constraints, increase factory production, and deliver products to our customers,'' he added. The stock was up by around 5% on Wednesday, trading at $441.33. Stock performance 1 month: +12.79% 3 month: +69% Year-to-date: +67% 1 year: +94% Deere & Company price targets Deutsche Bank: $374 Goldman Sachs: $420 Argus Research: $420 Citigroup: $425 Morgan Stanley: $424 Credit Suisse: $447 Wells Fargo: $423 Oppenheimer: $365 Jefferies: $400 JP Morgan: $325 Deere & Company is the 84 th largest company in the world with a market cap of $132.90 billion.

You can trade Deere & Company (NYSE: DE) and many other stocks from the NYSE, NASDAQ, HKEX, ASX, LSE and DE with GO Markets as a Share CFD. Sources: Deere & Company, TradingView, MarketWatch, MetaTrader 5, Benzinga, CompaniesMarketCap

Medtronic posts mixed results Medtronic Plc (NYSE: MDT) reported latest financial results for its second quarter of fiscal year 2023, which ended October 28, 2022 on Tuesday. The medical technology company posted mixed results for the quarter. Revenue reported at $7.585 billion (down 3% year-over-year) vs. $7.698 billion expected.

Earnings per share reported at $1.30 per share (down by 2% year-over-year) vs. $1.277 per share estimate. "Slower than predicted procedure and supply recovery drove revenue below our expectations this quarter. We continue to take decisive actions to improve the overall performance of the company, including streamlining our organizational structure, strengthening our supply chain, driving a performance culture, and strategically allocating capital to support our best growth opportunities with the investments they deserve," Geoff Martha, CEO of the company said in press release. "We're seeing the benefit of these changes – along with new incentives and strong execution – in certain businesses, and we're focused on ensuring these efforts translate into improved performance across the company. Looking ahead, we're confident we have a clear path to delivering durable growth and increased shareholder value," Martha concluded.

The stock was down by around 5% on Tuesday at $77.74 a share. Stock performance 1 month: -2.62% 3 month: -8.79% Year-to-date: -20.45% 1 year: -27.42% Medtronic price targets Barclays: $90 Truist Securities: $89 Mizuho: $100 Jefferies: $87 Morgan Stanley: $97 RBC Capital: $110 Wells Fargo: $96 Stifel: $105 Medtronic is the 114 th largest company in the world with a market cap of $109.37 billion. You can trade Medtronic Plc (NYSE: MDT) and many other stocks from the NYSE, NASDAQ, HKEX, ASX, LSE and DE with GO Markets as a Share CFD.

Sources: Medtronic Plc, TradingView, MarketWatch, MetaTrader 5, Benzinga, CompaniesMarketCap

As the week comes to an end, many cryptocurrency investors grow increasingly nervous. This emotional sentiment has resulted in bitcoin’s new 18 month’s low price, since December 2020. It has also caused a well known crypto company, Celsius, to suspend client’s withdrawals.

Bitcoin started the week at $27,000 USD which was a 10% decrease from Friday’s closing price of around $30,000 USD. Since the opening of the week, it has dropped another 23% to almost $20,000 USD. This is almost a 70% decline from last October’s peak of nearly $69,000 USD.

This sharp decline also mirrored the bearish sentiment across other risk assets. US equities closed 2.9% lower on Friday and continued to decrease as the week proceeded. The 2% decline of the US equity futures would have also been an indicator of how the US equities markets would be performing.

The pressure on risk assets comes after US consumer prices soared 8.6 per cent in May from the same month a year earlier, more than economists anticipated and the highest reading since 1981. The increasing selling pressure across the cryptocurrencies scene prompted Celsius to put a halt on client’s withdrawals from their cryptocurrency accounts. This is not a good sign for the four-year-old start-up company.

Celsius offers an array of services, including their ‘Swap’ tool. This service allows users to exchange their cryptocurrencies for stablecoins that are linked to fiat currencies, such as the USD. The company’s reasoning for the halt was to “stabilise liquidity and operations while we take steps to preserve and protect assets”, and that it will look to resume activity as soon as possible.

Celsius’ decision has come at a bad time as weeks earlier, Terra, a popular stable coin linked to the US dollar, had collapsed alongside its sister token Luna. This collapse had wiped out tens of billions of dollars in market value for many investors. Overall, the cryptocurrency market is on a decline.

This is because the biggest coin, bitcoin, is currently trending downwards and this would also translate across all other alt-coins. Source: GO Markets MT5, Celsius, TradingView, Financial Times, AFR

Bitcoin has recently tested the lows of its price range that it reached in the immediate aftermath of the FTX crisis. A long opportunity has been brought about after price bounced off these lows near $15,863. The hourly chart shows a potential good risk reward entry.

The trigger for the entry is not just the fact that the price has bounced off the support zone but is also the strong bullish candle stick at the support level. The selling was absorbed at the support zone by the buyers and could not close below the wicks of either candle as seen by the length of the wicks. Furthermore, the above average volume for these candles indicated that the selling was exhausted and that the buyers were willing to take on the supply.

For this bounce to continue, a strong green candle that closes above the opening price of most recent red candlestick will hopefully support the breakout at $16,204. As seen on the chart, an obvious target is the $17,000 level which is the top of the recent price range.

JD.com Inc. (NASDAQ: JD, HKEX: 9618) reported its latest earnings results for the three months that ended September 30, 2022, on Friday. The Chinese e-commerce company had a solid quarter – beating revenue and earnings per share (EPS) forecasts. JD reported revenue of $34.373 billion (up by 11.4% from the previous quarter) vs. $34.145 billion estimate.

EPS reported at $0.885 per share vs. $0.685 per share expected. ''JD.com's relentless focus on user experience, cost and efficiency has allowed us to continuously expand our user base while delivering profitable growth,'' Sandy Xu, CFO of the company said in a press release. ''Our pre-emptive efforts earlier this year to promote operating efficiency and financial discipline have proven timely and effective given the ongoing external challenges. We will continue to focus on capturing the vast opportunity presented by China's retail market by striving to be the partner of choice for China's consumers and enterprises,'' Xu added. Share of JD were down by around 3% on Friday at $56.01 a share.

Stock performance 1 month: +33.14% 3 month: +60% Year-to-date: -19.91% 1 year: -38.70% JD.com price targets Barclays: $59 Citigroup: $85 Goldman Sachs: $89 Benchmark: $106 JP Morgan: $58 Mizuho: $90 HSBC: $91 Morgan Stanley: $85 JD.com is the 146 th largest company in the world with a market cap of $89.10 billion. You can trade JD.com Inc. (NASDAQ: JD, HKEX: 9618) and many other stocks from the NYSE, NASDAQ, HKEX, ASX, LSE and DE with GO Markets as a Share CFD. Sources: JD.com Inc., TradingView, MarketWatch, MetaTrader 5, Benzinga, CompaniesMarketCap

Alibaba Group Holding Limited (NYSE: BABA, HKEX: 9988) announced the latest financial results on Thursday. The Chinese e-commerce giant reported revenue of $29.124 billion (up by 3% year-over-year), falling slightly short of $29.288 billion expected. Earnings per share topped analyst estimates for the quarter at $1.816 per share (an increase of 15% year-over-year) vs. $1.683 earnings per share estimate. ''We delivered solid results this past quarter despite ongoing macro environment challenges, which is a testament to our resilient business model and unmatched customer value proposition,'' Daniel Zhang, Chairman and CEO of the company said in a press release. ''The uncertainties of the global landscape have only reinforced our resolve to focus on building capacity that will yield sustainable, high-quality growth for our customers and our own business over the long term.

The trust of our shareholders has enabled Alibaba’s development over the past 23 years, and we are committed to improving shareholder return as we continue to strengthen the foundations for Alibaba’s future,'' Zhang added. Alibaba also announced an increase to its share buyback program: ''We have continued to take a holistic approach to improve operating efficiency and cost optimization throughout the company that resulted in adjusted EBITA growth of 29% year-over-year. With strong net cash position and cash flow generation, as of November 16, 2022, we had repurchased approximately US$18 billion of our shares under our existing US$25 billion share repurchase program.

In addition, our board has approved to upsize the share repurchase program by another US$15 billion and extend the program to the end of fiscal year 2025.'' Shares of Alibaba rose on Thursday – up by around 8% at $84.52 a share. Stock performance 1 month: +18.47% 3 month: -5.97% Year-to-date: -28.18% 1 year: -40.58% Alibaba price targets Truist Securities: $125 Barclays: $114 Morgan Stanley: $110 B of A Securities: $155 Bernstein: $130 Benchmark: $205 JP Morgan: $140 HSBC: $141 Citigroup: $172 Alibaba is the 37 th largest company in the world with a market cap of $227.68 billion. You can trade Alibaba Group Holding Limited (NYSE: BABA, HKEX: 9988) and many other stocks from the NYSE, NASDAQ, HKEX, ASX, LSE and DE with GO Markets as a Share CFD.

Sources: Alibaba Group Holding Limited, TradingView, MarketWatch, MetaTrader 5, Benzinga, CompaniesMarketCap