Technology stocks were the main driver of the US stock market's gains on Monday, as the report from giants such as Microsoft, Apple and Facebook was expected to be released this week.
HomereviewsUS stocks rose on positive expectations of reports from Microsoft, Apple, Facebook and Tesla
US stocks rose on positive expectations of reports from Microsoft, Apple, Facebook and Tesla Aldous December 22, 2020.
Technology stocks were the main driver of the U.S. stock market's gains on Monday, as a report from giants such as Microsoft, Apple and Facebook is expected to be released this week.It is also possible to independently study the stock market in more detail with deltamarket.net, we can safely say that this company has all the necessary tools to provide trading services.
Positive investor sentiment was limited by a statement from Senate Democratic leader Chuck Schumer, who said that a stimulus package is unlikely until mid-March. At the same time, officials of the Ministry of Health expressed concern about delays in the vaccination program.
According to Bloomberg, 1.2 million shots of the vaccine are now given in the United States per day. Joe Biden said that soon the rate will increase to 1.5 million doses per day. All Americans will be able to access the vaccine by spring, Biden said.
Dow Jones -0.12%% to 30960 p. (since the beginning of the year +1.16%),
S&P 500 +0.36% to 3,855. 36 p .( YTD +2.64%),
NASDAQ +0.69% to 13635.99 p. (from the beginning of the year +5.8%).
The S&P 500 index was trading at 30.9 percent to earnings for the past year and 23.2 percent to the forecast earnings of its member companies for the coming year.
7 out of 11 sectors showed growth. IT-sector stocks contributed the most to the index increase (+0.9%). The utilities sector showed the most noticeable positive dynamics (+1.9%). The energy sector was the outsider of the day (-1.1%). At the same time, Brent oil prices on Monday rose by 0.85% to $55.88 / bbl, and WTI quotes rose by 0.96% to $52.77/bbl.
Of the 505 shares in the index, 251 rose and 254 lost value.
Apple shares made the biggest contribution to the increase in the S&P 500 index (+2.8% to $142.92). During the session, a new absolute high of $145.09 per share was set. Capitalization reached $2.404 trillion. Microsoft will release its quarterly report on Tuesday, January 26. On Wednesday, January 27, Apple and Facebook will publish their results.
"This is the first Apple report to include sales of the new iPhone 12 model. According to preliminary observations, the demand for the new model was high. The report should more accurately show how well the new iPhone model was received. But the main thing that we will pay attention to is the company's success in the service segment. The increase in the share of services that provide the company with stable revenue in total sales is the basis for the investment thesis," said Alexey Kornilov, a leading analyst of Otkritie Broker on the international stock market.
Also this week, the quarterly results will be published by: Tesla, UBS Group, Samsung Electronics. In total, this week will publish quarterly reports of the company, which accounts for 65% of the capitalization of the American market.
Iron Mountain shares showed the most positive dynamics among the components of the index (+6.5%).
Shares of the popular video game operator GameStop soared 144% to $159.18 on Monday, although trading was suspended several times during the day. Then the paper fell heavily, but at the end of trading rose by 18% to $76.79. This is still a record closing level. Amid an epic battle of retail buyers and hedge funds, what is expected? The company will report a loss per share in both 2021 and 2022. The expected P/E is now 58.
Other markets
In Europe, stock markets showed negative dynamics. The stock indexes of France (CAC 40 -1.6%), Spain (IBEX 35 -1.73%) and the United Kingdom (FTSE 100 -0.84%) fell very significantly. The Travel & Leisure sector of the pan-European EuroStoxx 600 index fell 1.9% amid the risk of a new quarantine in France.
At the same time, the UK may tighten border controls. Israel has imposed a ban on foreign flights. The EuroStoxx 50 index fell 1.37% to 3,553. 14 p., while the EuroStoxx 600 index fell 0.83% to 405.13 p.
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