U.S. markets ended the final session of the week in negative territory amid a geopolitically heavy backdrop. In this lackluster session, all three indexes finished the week in the red, despite generally solid quarterly results from major U.S. banks and a second consecutive session of gains for semiconductor stocks. U.S. industrial production rose 0.4% in December. Wall Street is closed this Monday for Martin Luther King Day. The Dow Jones fell 0.17% to 59359 points and the Nasdaq slipped 0.06% to 23515 points.
In a note on Alphabet (-0.85%, at $330.34), HSBC released its forecasts for the fourth quarter. The bank expects $61.2bn in revenue (+14.2%) for Google's parent company, $38.3bn in EBIT and diluted earnings per share of $2.71, up 26% year over year.
Economic data of the day After a 0.4% sequential increase in November (revised from an initially estimated 0.2% gain), U.S. industrial production rose another 0.4% in December, according to the Federal Reserve.
Stocks to watch today
Johnson&Johnson Johnson & Johnson is strengthening its positioning in neuropsychiatry with new clinical results showing the effectiveness of Caplya (lumateperone) in achieving remission in adults suffering from major depressive disorder (MDD).
Tesla U.S. road safety regulators granted Tesla an additional five weeks to respond to an investigation into alleged traffic code violations by vehicles using the Full Self-Driving (FSD) system. The National Highway Traffic Safety Administration (NHTSA) pushed the response deadline back to February 23, at the automaker's request, as it must manually review more than 8,000 records to identify potentially related incidents.
Alphabet Inc. is a holding company organized around 6 areas of activities:
- operation of a web-based search engine (Google). Additionally, the group runs a video hosting and broadcasting site (YouTube) as well as a free on-line messaging service (Gmail);
- development and production of home automation solutions (Nest Labs): Wi-Fi networks synchronized with the control programs for thermostats, smoke detectors and security systems;
- research and development into biotechnology (Calico): dedicated to treating aging and degenerative diseases;
- research into artificial intelligence (Google X);
- investment services: management of an investment fund devoted to young businesses that operate in the new technology sector (Google Ventures) and an investment fund intended for already developed companies (Google Capital);
- operation of a fiber optic internet access network infrastructure (Google Fiber).
Net sales are distributed geographically as follows: the United States (47.6%), Americas (6%), Europe-Middle East-Africa (29.6%) and Asia-Pacific (16.8%).
This super rating is the result of a weighted average of the rankings based on the following ratings: Valuation (Composite), EPS Revisions (4 months), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Investor
Investor
This super composite rating is the result of a weighted average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), EPS Revisions (1 year), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Global
Global
This composite rating is the result of an average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), Financial Estimates Revisions (Composite), Consensus (Composite) and Visibility (Composite). The company must be covered by at least 4 of these 5 ratings for the calculation to be carried out. We recommend that you carefully review the associated descriptions.
Quality
Quality
This composite rating is the result of an average of rankings based on the following ratings: Returns (Composite), Profitability (Composite) and Quality of Financial Reporting (Composite), and Financial Health (Composite). The company must be covered by at least 2 of these 3 ratings for the calculation to be performed. We recommend that you carefully read the associated descriptions.
ESG MSCI
ESG MSCI
The MSCI ESG score assesses a company’s environmental, social, and governance practices relative to its industry peers. Companies are rated from CCC (laggard) to AAA (leader). This rating helps investors incorporate sustainability risks and opportunities into their investment decisions.