tl;dr
Stock index futures were down on Thursday, ahead of the first look at Q1 GDP, while Nasdaq 100 futures trailed after a disappointing outlook from Meta (META) rattled investors. Nasdaq 100 futures (NDX:IND) -0.8%, S&P 500 futures (SPX) -0.6%, and Dow futures (INDU) -0.4%. The 10-year Treasury yield (...
Stock index futures were down on Thursday, ahead of the first look at Q1 GDP, while Nasdaq 100 futures trailed after a disappointing outlook from Meta (META) rattled investors. Nasdaq 100 futures (NDX:IND) -0.8%, S&P 500 futures (SPX) -0.6%, and Dow futures (INDU) -0.4%. The 10-year Treasury yield (US10Y) was unchanged at 4.46%. The 2-year yield (US2Y) was down 1 basis point to 4.93%. "Markets have had a challenging 24 hours," said Deutsche Bank's Henry Allen, especially after Meta (META) reported a disappointing outlook after the market close, he added. Wall Street eventually ended mixed on Wednesday, as a slump in industrial stocks and a surge in Treasury yields grappled with a historic post-earnings gain in Tesla (TSLA). Facebook and Instagram owner META was down 13.3% in pre-market trade, a day after its Q1 revenues mostly met expectations but guidance for the current quarter came in on the light side. IBM (IBM) was also down 8.8% in pre-market trade after the tech giant reported first-quarter sales that missed expectations. The tech sector will be in focus today as well, with Alphabet (GOOGL) and Microsoft (MSFT) reporting after the bell. Traders will also have their eyes on the quarterly GDP numbers, which are expected to land before the bell. Economists expected GDP to come in at a pace of 2.5%. Overall, there should be some signs of a slowdown, but middle-income consumers will still provide resilience, said UBS' Paul Donovan. "The upside surprise from core capital goods shipments relative to our expectation in March was too small to alter our topline forecast for today's GDP report," said Pantheon Macroeconomics. Initial jobless claims are also due at the same time, and are forecast to rise to 214K. "We think initial jobless claims held steady at 212K in the week ending April 20, despite mounting evidence that layoffs are starting to rise," added Pantheon Macro.
More about Meta Platforms Inc.
Meta Platforms Inc.,Meta Platforms, Inc. develops products that enable people to connect and share with friends and family through mobile devices, PCs, virtual reality headsets, wearables and home devices around the world. The company is headquartered in Menlo Park, California.
Industry: TECHNOLOGY, SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC.
Market Cap: $125.18 billion
Current Price: $33.23
Dividend Yield: 0
52-Week Range: $14.85 - $52.41
EPS: $0.29
Volume: 134.90 million
Average Volume: 533.04 million
P/E Ratio: 2.002
Beta: 0.247
More about Tesla Inc
Tesla, Inc. is an American electric vehicle and clean energy company based in Palo Alto, California. Tesla's current products include electric cars, battery energy storage from home to grid-scale, solar panels and solar roof tiles, as well as other related products and services. In 2020, Tesla had the highest sales in the plug-in and battery electric passenger car segments, capturing 16% of the plug-in market (which includes plug-in hybrids) and 23% of the battery-electric (purely electric) market. Through its subsidiary Tesla Energy, the company develops and is a major installer of solar photovoltaic energy generation systems in the United States. Tesla Energy is also one of the largest global suppliers of battery energy storage systems, with 3 GWh of battery storage supplied in 2020.
MANUFACTURING,MOTOR VEHICLES & PASSENGER CAR BODIES,517064983000,41.47,None,3.91,29.8,0.144,94745002000,185.04,-0.534,-0.087
More about International Business Machines
International Business Machines Corporation (IBM) is a multinational technology company headquartered in Armonk, New York, with operations in over 170 countries. Established in 1911 as the Computing-Tabulating-Recording Company (CTR) and later renamed in 1924, IBM is incorporated in New York.
IBM's product offerings include computer hardware, middleware, software, and hosting and consulting services across various fields, from mainframe computers to nanotechnology. It also holds the record for the most annual U.S. patents generated by a business for 28 consecutive years (as of 2020).
Key inventions by IBM encompass the automated teller machine (ATM), the floppy disk, the hard disk drive, the magnetic stripe card, the relational database, the SQL programming language, the UPC barcode, and dynamic random-access memory (DRAM). The IBM mainframe, particularly the System/360, was the dominant computing platform in the 1960s and 1970s.
Industry: Technology, Computer & Office Equipment
Market Cap: 168.77 billion
Current Price: $22.56
PE Ratio: 6.63
EPS: 8.16
ROI: 67.89%
Dividend Yield: 0.121
Revenue: 61.86 billion
Net Income: 188.24
Debt to Equity: 0.2
Current Ratio: 0.041
More about Alphabet Inc Class A
Alphabet Inc Class A Summary Alphabet Inc. is an American multinational conglomerate headquartered in Mountain View, California. It was created through a restructuring of Google on October 2, 2015, and became the parent company of Google and several former Google subsidiaries. The two co-founders of Google remained as controlling shareholders, board members, and employees at Alphabet. Alphabet is the world's fourth-largest technology company by revenue and one of the world's most valuable companies.
Sector: TECHNOLOGY
Industry: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC.
Market Cap: $1,989,634,294,000
Price-to-Earnings Ratio (P/E): 27.48
Dividend Yield: None
EPS: 5.79
52-Week High: $24.34
52-Week Low: $0.24
Average Volume: 307,393,987,000
Price: $166.71
Change: 0.56
Change %: 0.135
More about Microsoft Corporation
Microsoft Corporation is an American multinational technology company known for its production of computer software, consumer electronics, personal computers, and related services. Its flagship software products include the Microsoft Windows line of operating systems, the Microsoft Office suite, and the Internet Explorer and Edge web browsers. Hardware products include the Xbox video game consoles and the Microsoft Surface lineup of touchscreen personal computers. Microsoft ranked No. 21 in the 2020 Fortune 500 rankings of the largest United States corporations by total revenue and was the world's largest software maker by revenue as of 2016. It is considered one of the Big Five companies in the U.S. information technology industry, alongside Google, Apple, Amazon, and Facebook.
Industry: Technology
Sector: Services-Prepackaged Software
Market Cap: 303.95 billion
Current Price: $37.05
Change: 2.86 ( 11.04%)
52-week Range: $30.61 - $46.44
EPS: 0.363
Volume: 227,583,001
Dividend Yield: 462.44
Beta: 0.332
P/E Ratio: 0.176
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