AOF analysis closes Wall Street – Geopolitics and long interest rates destabilize indices

(AOF) – US markets ended in decline due to Sino-US diplomatic tensions caused by Nancy Pelosi’s visit to Taiwan. Comments from several members of the Fed also contributed to the decline in the indices, which in particular signaled that it was far from done with the fight against inflation. As a result, the 10-year yield rose 18 basis points to 2.75%, a move on a scale rarely seen. The Dow Jones closed up 1.23% at 32,396.17 points, while the Nasdaq Composite fell 0.16% at 12,348.76 points.

In the second quarter, luxury car maker Ferrari (-1.09% to $211.04) had a net profit of 251 million euros (+22%), or diluted earnings per share of 1.36 euros, or 7 cents more than the consensus of 1, 29 euros. Revenue rose 24.9% to 1.29 billion euros, against a consensus estimate of 1.24 billion euros. The manufacturer delivered a total of 3,455 vehicles in the period, or 28.7% more than last year at the same time. Ebitda (34.6%) and Ebit (25%) margins are in line with its annual targets.

The values ​​to follow today

Caterpillar

Caterpillar reported better-than-expected results but disappointing sales. The earthmoving and mining equipment maker had second-quarter profits of $1.67 billion, or $3.13 per share, compared with a profit of $1.41 billion, or $2.56 per share, a year earlier at this time. Excluding one-time items, earnings per share were $3.18, beating consensus estimates of $3.01.

Devon energy

Skyrocketing energy prices are playing into the hands of shale oil producers like Devon Energy, which on Aug. 1 reported net income of $1.9 billion, or $2.93 per diluted share, in the second quarter of 2022. In adjusted data, earnings per $2.59 compared to a consensus of $2.32. Nevertheless, its title fell slightly in pre-market listings.

DuPont

If the chemical group DuPont has unveiled better-than-expected results, investors mainly maintain the reduction of certain 2022 targets. In the second quarter, net income, group share, reached $787 million, or $1.55 per share. share against net income of DKK 478 million. or 90 cents per share, a priori. Adjusted for extraordinary items, the earnings per share out at 88 cents, 13 cents better than expected.

pinterest

Pinterest, the photo bulletin board company, has a new major shareholder. This is Elliott Investment Management. This strategic announcement comes as the group published results below market expectations. Pinterest revealed a second quarter loss of $43 million and 7 cents per title on revenue of $666 million (+9%). The online scrapbooking leader posted adjusted EPS of 11 cents, compared with 25 cents a year earlier and 18 cents consensus.

Uber

US chauffeur-driven car (VTC) and home meal delivery giant Uber is expected to rise sharply after announcing free cash flow of $382 million in the second quarter, well above expectations ($263.2 million) and a improvement of $780 million year-over-year. It posted a net loss of $2.6 billion against a net profit of $1.15 billion the year before. Revenue increased 105% to DKK 8.1 billion.

In the second quarter, luxury car maker Ferrari (+0.019% to $213.31) posted a net profit of 251 million euros (+22%), or diluted earnings per share of 1.36 euros, 7 cents more than the consensus of 1.29 Euro. Revenue rose 24.9% to 1.29 billion euros, against a consensus estimate of 1.24 billion euros. The manufacturer delivered a total of 3,455 vehicles in the period, or 28.7% more than last year at the same time. Ebitda (34.6%) and Ebit (25%) margins are in line with its annual targets.

The values ​​to follow today

Caterpillar

Caterpillar reported better-than-expected results but disappointing sales. The earthmoving and mining equipment maker had second-quarter profits of $1.67 billion, or $3.13 per share, compared with a profit of $1.41 billion, or $2.56 per share, a year earlier at this time. Excluding one-time items, earnings per share were $3.18, beating consensus estimates of $3.01.

Devon energy

Skyrocketing energy prices are playing into the hands of shale oil producers like Devon Energy, which on Aug. 1 reported net income of $1.9 billion, or $2.93 per diluted share, in the second quarter of 2022. In adjusted data, earnings per $2.59 compared to a consensus of $2.32. Nevertheless, its title fell slightly in pre-market listings.

DuPont

If the chemical group DuPont has unveiled better-than-expected results, investors mainly maintain the reduction of certain 2022 targets. In the second quarter, net income, group share, reached $787 million, or $1.55 per share. share against net income of DKK 478 million. or 90 cents per share, a priori. Adjusted for extraordinary items, the earnings per share out at 88 cents, 13 cents better than expected.

pinterest

Pinterest, the photo bulletin board company, has a new major shareholder. This is Elliott Investment Management. This strategic announcement comes as the group published results below market expectations. Pinterest revealed a second-quarter loss of $43 million and 7 cents per share. title to revenue of $666 million (+9%). The online scrapbooking leader posted adjusted EPS of 11 cents, compared with 25 cents a year earlier and 18 cents consensus.

Uber

US chauffeur-driven car (VTC) and home meal delivery giant Uber is expected to rise sharply after announcing free cash flow of $382 million in the second quarter, well above expectations ($263.2 million) and a improvement of $780 million year-over-year. It posted a net loss of $2.6 billion against a net profit of $1.15 billion the year before. Revenue increased 105% to DKK 8.1 billion.

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