Trade overview: current reports, trends, indices, stock prices, bonds, foreign exchange and commodities and analyst recommendations

17:05

The US stock markets are now showing a mixed trend with a tendency towards slight increases. The Nasdaq index is up about 0.1%, the S&P 500 is stable and the Dow Jones is up slightly.

Tesla , Dark And Meta registers declines. Nvidia It rises slightly in preparation for the publication of its reports.

company Intel Cuts the quarterly dividend to investors by about 65%, to its lowest level in 16 years, as part of the cut in its expenses and with the aim of keeping cash for the strategic change it is carrying out in the coming years. The company announced this morning (Wed) that it will distribute a quarterly dividend of 12.5 cents per share.

16:32

The trading day in the US stock markets opened with slight gains after the sharp declines recorded yesterday. In Europe, the stock indices recorded declines of up to 0.6%.

stock Faber , Wix andPalo Alto Networks Jumping after the reports published by the companies today and yesterday.

Faber concluded the year 2022 with a higher profit than expected and provides a mixed forecast for 2023. On the one hand, in the company’s estimation, revenues will grow less than the market expected, and on the other hand, the EBITDA (earnings excluding interest, tax, depreciation and amortization) will double compared to 2022.

15:00

The fintech company Global-E Provides a strong revenue forecast for 2023. The company expects a growth of 36%-43% in revenues to 557-584 million dollars, while the analysts’ forecast was for 559 million dollars. The company expects adjusted annual EBITDA of $66-74 million, up from $48.7 million in 2022. Global-E, which provides solutions for cross-border online commerce, ended 2022 with 67% growth to revenues of $409 million and a net loss of $195 million. According to CEO Amir Schlecht, despite the macro-economic uncertainty, the company remains very optimistic about the long-term growth possibilities.

14:25

Video Solutions Company Klatura reported revenues of $44.1 million and a Non-GAAP net loss of $8.3 million, which is 6 cents per share, in the fourth quarter of this year. In the annual summary, Kaltora presented a modest growth of 2% in revenues to $169 million, an accounting net loss (GAAP) of $68.5 million and a non-GAAP net loss of $42.4 million.

In 2023, the company expects a growth of 0%-2% for revenues of 168.8-172.2 million dollars, lower than analysts’ forecasts, and a negative EBITDA of 5-8 million dollars (reducing the EBITDA loss compared to 2022). According to CEO Ron Yekutiel, EBITDA and cash flow from operations will balance out in 2024.

13:15

The declines in the European stock markets are deepening, the POTSI 100 index in London is down 1.1%, in the Madrid and Milan stock exchanges there are declines of 1.2% and 1.4%, respectively.

Trading in the futures contracts on the leading shares in New York shows stability, with increases of less than 0.1%. Among the companies gathering pre-trade interest, Palo Alto jumps 9% and Wix jumps 5%. On the negative side, the energy companies are weakening, Occidental is down 1.7% and Marathon is down 0.9%.

11:00

The business confidence index in Germany rose to 91.1 points in February, compared to 90.2 in January and slightly less than the forecasts which stood at 91.2 points.

Reports in Europe: British Banking Group Lloyds It reported a 14% jump in revenue to £18bn in 2022, but stagnant pre-tax profit of £6.9bn, unchanged from 2021. Sales Danone , the world’s largest yogurt maker, grew in the fourth quarter of 2022 by 7%, above forecasts of 6.2% and the fastest pace in a decade, thanks to price increases. The mining giant’s annual profit Rio Tinto Plunged by 38%, in light of a drop in iron prices due to a slowdown in demand in the branch and an increase in labor and material costs. Annual revenues in 2022 totaled $13.3 billion, below Refinitiv’s forecast of $13.8 billion. Rio Tinto announced a dividend of $4.92 per share, compared to $10.4 in 2021.

10:10

The trading day in the European stock markets opened with a negative trend, similar to the conduct of trading in Asia and following last night’s sharp declines on Wall Street. In Frankfurt the DAX retreated 0.1%, in London the POTSI 100 fell 0.6% and in Paris the CAC 40 lost 0.4%.

Investors await the publication of the minutes of the Federal Reserve’s latest interest rate meeting later today, as well as data on the business confidence index in Germany. Among the companies expected to publish reports today are the British Lloyd’s Bank, Danone and the mining giant Rio Tinto.

In Asia, trading closed in a negative trend. In Tokyo, the Nikkei index lost 1.3%, the Shanghai Composite Index retreated 0.5%, the Hang Seng Index in Hong Kong shed 0.6% and the Kospi Index in Seoul fell 1.7%.

07:55

The trend in Asia is negative this morning: the Hang Seng index in Hong Kong registers a decrease of about 0.2%, in Tokyo the Nikkei is cut by 1.3%, and in Seoul the Kospi is down by 1.7%. In China, Sydney and Taipei the trend is similar.

● The unusual recommendation of the banks: increase exposure to shares abroad
● After the declines: are the pension shares routes the right place to be?
● Issuance, sale and transformation into a stock market skeleton: the “high-tech track” of the Tel Aviv Stock Exchange

In New Zealand, the central bank decided to raise the interest rate by 50 points, in accordance with forecasts, to a level of 4.75%. In Hong Kong, extremely weak growth data was published, according to which the GDP in the fourth quarter of 2022 fell by 4.2%, this is in accordance with the initial data published at the beginning of the month. The entire year 2022 ended with a 3.5% decrease in GDP. At the same time, the Ministry of Finance in Hong Kong published a growth forecast of 3.5 %-5.5% in 2023.

In Tokyo, the stock of the car manufacturer Nissan stands out negatively with a decrease of 3.3% and Isuzu, Casio, Tokyo Gas, Toyota and Mitsubishi Motors are also losing ground. On the positive side, the share of the shipping company Nippon Yusan is up 2.6% against the trend, as are competitors Kawasaki Kisen Keisha and Mitsui OSK Lines. In Hong Kong, Xiaomi shares lose over 3% and Alibaba, which lost ground yesterday on Wall Street, is also down about 2%. HSBC stands out with a rise of almost 5% in high turnover after it reported yesterday that pre-tax profit more than doubled in the last quarter of 2022.

The contracts on Wall Street register increases of up to 0.3%, after the trading week opened with sharp decreases yesterday. The Nasdaq fell 2.5%S&P 500 and Dow Jones fell 2% and 2.1% respectively. It was the worst day for all three indices since early 2023. At the same time as the falls on Wall Street, sharp declines were also recorded in US government bonds, and their yields soared: the yield on the 10-year bond jumped by about 13 points to 3.95% and the yield on the two-year bond rose by 11 points to 4.73% At this time the yields are stable. Also, last night the dollar rose by about 0.3% compared to the currency index, although the pound strengthened against it by about 0.6%.

Siren The Israeli soared more than 70% in late Wall Street trading after announcing it had signed a non-binding letter of intent with Opin Kerfi to sell some of its Iceland assets related to its anti-malware business. The purchase price was not disclosed. The cyber security company recently announced the reduction of almost its entire workforce due to “liquidity challenges”. The sale of the business assets will allow customers to continue to benefit from its protection software under new ownership.

In the commodity market, decreases of up to 0.5% are recorded in crude oil contracts. American type oil WTI drops to $76.1 per barrel and Brent oil drops to $82.7 per barrel. Gold was almost unchanged at $1,835 an ounce.

In the crypto arena, declines of over 3.5% are recorded in the leading currencies this morning. Bitcoin drops to $24,000, and Ethereum retreats to $1,640.

Tonight (21:00 Israel time) the Federal Reserve is expected to publish the minutes from the Open Markets Committee meeting on January 31 and February 1. The central bank raised interest rates by 25 basis points after this meeting. Inflation data in Germany and Italy will also be published during the day.