Stocks that are expected to trade actively in U.S. markets on Monday include: salesforce.com, inc. (NYSE:CRM), Urban Outfitters, Inc. (NASDAQ:URBN), Tyson Foods, Inc. (NYSE:TSN), Jacobs Engineering Group Inc (NYSE:JEC) and Brocade Communications Systems (NASDAQ: BRCD).
U.S. DJIA 15961.70 (0.54%), S&P 500 1798.18 (0.42%), NASDAQ 3985.97 (0.33%)
Europe: FTSE 6674.94 (-0.28%), DAX 9153.87 (-0.16%), CAC40 4313.19 (0.47%)
Q4 2020 13F Round-Up: Notable Hedge Fund Changes Including Pabrai, Abrams, Price, Klarman And More!
Below is our 13F roundup for some high profile hedge funds for the three months to the end of December 2020 (Q4). Also check our screener for more detail! Q4 2020 hedge fund letters, conferences and more The statements only include equity positions as 13Fs do not include cash and debt holdings. What's more, the Read More
Asia Pacific: NIKKEI 15164.30 (-0.01%) SHANGHAI 2197.22(2.87%), HSI 23660.06(2.73%), ASX 5384.22(-0.31%), KOSPI 2010.81 (0.26%).
Commodities: Oil 93.63 (-0.22%), NAT GAS 3.686 (0.71%), Gold 1,283.20 (-0.40%), Silver 20.64(-0.082%), Wheat 646.50 (0.27%), Corn 419.50 (0.59%).
Currency: EUR/USD 1.3509 (0.10%), GBP/USD 1.6122 (0.02%), USD/JPY 99.96(0.02%).
10 year Treasury bond: 2.717 (0.025).
Market & Economic Update
U.S. market to open flat: U.S. stock-index futures didn’t register much change as investors await this week’s data on manufacturing, retail sales and consumer prices to evaluate the position of the economy. At 10:31 a.m. in London, Futures on the Standard & Poor’s 500 expiring in December were up around 0.1% to 1,794.6.
European market stable: On Monday, European shares were stable near the 5-year highs helped by gains made by plane maker EADS and hearing aid group Sonova. In the early trading session, the pan-European FTSEurofirst 300 index was unchanged at 1,297.62 points, close to its 5-year high of 1,316.42 points reached on November 7.
Nikkei flat, Hang Seng up: Japan’s Nikkei was steady near a six-month high on Monday as investors made a profit from the out-performers like Toyota Motor Corp and mobile operator KDDI Corp offsetting the gains made by recent strong quarterly results. The Nikkei closed flat at 15,164.30 versus 15,273.61 earlier in the session, which was its six-month high. Chinese stocks listed on the Hong Kong exchange witnessed their biggest gain in nearly two years on Monday as investors welcomed Beijing’s announcement concerning the economic and social reforms. The Hang Seng Index closed up 2.7% at 23,660.1 points, which is its highest close since Feb. 4.
Stocks To Watch
salesforce.com, inc. (NYSE:CRM)
For the third quarter, salesforce.com is expected to post earnings of 9 cents a share, according to a consensus survey by FactSet. Tom Roderick, an analyst at Stifel Nicolaus, says that the second quarter was impressive and boosted the share price “of CRM finally breaking out over the past few months” and added “our checks have revealed ongoing strength in the mid-market in Q3.”
Urban Outfitters, Inc. (NASDAQ:URBN)
Urban Outfitters is projected to report third-quarter earnings of 45 cents a share. Howard Tubin, an analyst at RBC Capital Markets, is of the opinion that apart from macro issues, “we continue to believe the assortments are compelling and business will pick up in fourth quarter.”
Tyson Foods, Inc. (NYSE:TSN)
For the fiscal fourth-quarter, Tyson Foods is expected to post earnings of 70 cents a share. Analyst Timothy Ramey, at D. A. Davidson & Co believes that the lower corn input environment will boost margins substantially, and adds “this is the best shape the company has been in for 15 years.” The analyst has a Buy rating on Tyson Foods with a price target of $40.
Brocade Communications Systems (NASDAQ:BRCD)
For the fourth quarter, Brocade Communications is projected to report earnings at $0.18 per share on revenue of $554.50 million. In after hours of trading on Friday, shares of Brocade Communications were down 0.61% to close at $8.09.
Jacobs Engineering Group Inc (NYSE:JEC)
Analysts expect Jacobs Engineering to post earnings of $0.88 per share on revenue of $3.14 billion. At the close of Friday, shares of Jacobs Engineering were up 0.49% at $63.76.