社区

U.S. stock futures rose as more major U.S. banks reported earnings and the release of key economic data.

At 08:15 a.m. ET, Dow e-minis were up 275 points, or 0.61%, S&P 500 e-minis were up 37.75 points, or 0.87%, and Nasdaq 100 e-minis were up 146.25 points, or 0.99%.

JPMorgan Chase & Co, Wells Fargo Morgan Stanley and Citigroup have published their results before the opening bell.

U.S. jobless claims total 293,000 vs. 318,000 estimate.Initial jobless claims fell below 300,000 for the first time since the early days of the Covid-19 pandemic, the Labor Department said Thursday.

In another sign that the jobs market is getting closer to its old self, first-time claims for unemployment insurance totaled 293,000, the best level since March 14, 2020, which saw 256,000 claims just as the Covid-19 spread intensified.

Mega-caps growth names including Facebook Inc, Microsoft Corp, Amazon.com Inc, Tesla Inc, Apple Inc and Google-parent Alphabet rose about 1%.

Energy firms including Chevron Corp and Exxon Mobil gained 0.7% and 1.2%, respectively, tracking Brent crude prices that rose toward $84 per barrel.

Stocks making the biggest moves premarket:

UnitedHealth(UNH) – The health insurer’s shares rose 2.6% in the premarket after beating on the top and bottom lines for the third quarter and raising its full-year earnings forecast. UnitedHealth earned $4.52 per share, 11 cents above consensus, helped by revenue gains at its Optum drug benefits unit.

Bank of America(BAC) – Bank of America shares gained 2.8% in premarket trading, after reporting third-quarter earnings of 85 cents per share. That compares with a 71-cent consensus estimate and revenue that also topped forecasts, helped in part by a double-digit percentage increase in net interest income.

Wells Fargo(WFC) – Wells Fargo reported adjusted quarterly earnings of $1.22 per share, compared with a consensus forecast of 99 cents, while revenue also came in above estimates. Wells Fargo’s results were helped by a release of funds that had been set aside to cover bad loans. The stock added 1.2% in the premarket.

Walgreens Boots Alliance(WBA) – Walgreens shares rallied 1.6% in the premarket as its adjusted quarterly earnings of $1.17 per share came in 15 cents above estimates. Revenue also beat consensus estimates, with results helped by more Covid-19 vaccinations as well as growth in sales of at-home Covid tests and sales of cold and flu products.

Morgan Stanley(MS) – Morgan Stanley beat estimates by 30 cents with a third-quarter profit of $1.98 per share, while revenue beat Street forecasts as well. The investment firm said its bottom line reflected strong performance across all its business segments. Morgan Stanley rose 2.8% in premarket action.

Citigroup(C) – Citigroup shares rose 1.5% after quarterly results beat expectations.Citigroup Q3 revenue $17.2 bln vs. $17.3 bln a year ago; FactSet consensus $16.9 bln;Citigroup Q3 EPS $2.15 vs. $1.36 a year ago; FactSet consensus $1.71.

Caterpillar(CAT) – The heavy equipment maker was up 1.3% in premarket action after Cowen began coverage with an “outperform” rating, saying it sees the first “megacycle” for Caterpillar in 14 years.

Taiwan Semiconductor(TSM) – The chip maker reported a better-than-expected 13.8% jump in third-quarter profit, thanks to the surge in global chip demand and a shortage that’s pushed prices higher. Shares jumped 3.2% in the premarket.

Shopify(SHOP) – Shopify is partnering with Microsoft,Oracle and other cloud providers to help businesses streamline their operations. Various tools from those providers will now be integrated into the Canadian e-commerce company’s platform for its customers.Shares jumped 1.5% in the premarket.

Bed Bath & Beyond(BBBY)  – Bed Bath & Beyond stock fell 2% in premarket trading as Morgan Stanley downgraded Bed Bath & Beyond.Analyst Simeon Gutman downgraded the stock to underweight from equal weight, saying in a note to clients on Thursday that the company would likely miss estimates over the next two years.

Avis Budget(CAR) – Avis Budget was downgraded to “underweight” from “equal-weight” at Morgan Stanley, citing a number of factors including valuation. The car rental company’s shares have increased five-fold over the past 12 months, and Morgan Stanley feels Avis Budget is at peak cyclical earnings. The stock tumbled 3.4% in the premarket.

UPS(UPS) – UPS was upgraded to “buy” from “hold” at Stifel Financial, citing valuation, secular volume growth from e-commerce and continued focus on yield management. Stifel also increased its price target for the stock to $224 per share, representing a potential increase of 22% from current levels. UPS added 3% in premarket trading.