Must-read before the US stock market： Three major stock index futures fell, and SolarEdge fell more than 15%.
[Pre-market performance]
() US stock news As of press time, Dow futures dominated by blue chips fell by 0.21%; S&P 500 index futures fell 0.24%; Nasdaq 100 index futures, which are dominated by technology stocks, fell 0.43%.
Popular Chinese stocks rose before the market.
European stock markets rose. As of press time, the German DAX index rose by 0.41%. The French CAC40 index rose by 0.32%; Britain’s FTSE 100 index fell 0.83%.
In terms of commodity foreign exchange, as of press time, Brent crude oil fell by 0.24% to $82.14/barrel.
[Financial News]
Oil prices fell slightly as investors waited for clues to cut interest rates in the United States
Although tensions in the Middle East have intensified, oil prices have fallen slightly due to the possibility that the Federal Reserve’s interest rate will remain high for a longer period of time and the weak demand outlook. Investors are now focusing on the minutes of the Fed meeting later to find more clues about this year’s interest rate cut plan. Goldman Sachs analysts said in a report: "Commodities have recently paid close attention to the market pricing fluctuations of the Fed’s interest rate cuts." After the inflation data released earlier this month was higher than expected, the market postponed the expectation of early interest rate cut, which will depress demand and bring downward pressure on prices.
[company news]
SolarEdge fell 15% before the market. Q4 revenue fell sharply year-on-year. Q1 revenue outlook for 24 years was worse than expected.
Solaredge, an Israeli photovoltaic inverter supplier, fell 15% to $71.99 before trading. In the news, SolarEdge lost $0.92 per share after adjustment in the fourth quarter, and analysts expected a loss of $1.30; Revenue in the fourth fiscal quarter was $316.0 million, significantly lower than $890.7 million in the same period last year; It is estimated that the revenue in the first fiscal quarter of 2004 will be 175-215 million dollars, and analysts expect 373.2 million dollars; It is estimated that the adjusted gross profit margin in the first fiscal quarter will be in the range of "down 3% to up 1%".
Glencore cut its profits in 2023.
Glencore announced a sharp drop in profits in 2023 and lowered its dividend. The data shows that Glencore’s core profit is $17.1 billion, which is about half of the record level a year ago, but it is still one of the best achievements in history.
Rio Tinto’s profit fell by 12% in 2023, and it is still facing the pressure of rising costs this year.
Rio Tinto announced on Wednesday that its basic profit in 2023 fell by 12% to $11.8 billion, and the market expected it to be $11.7 billion. The world’s largest iron ore producer said it would pay a dividend of $2.58 per share, compared with $2.25 per share last year.
Chuan Disney and Sony reached an agreement to cooperate in DVD and Blu-ray disc business.
According to informed sources, Disney has reached an agreement with Sony. According to the agreement, Sony will take over most of Disney’s DVD and Blu-ray disc sales in the United States and Canada, thus helping Disney get rid of this business that has fallen sharply in recent years.
It is said that western oil will sell WesternMidstream for $20 billion to reduce its debt.
According to a person familiar with the matter, Western Petroleum is considering selling WesternMidstream Partners, an American pipeline operator mainly based on natural gas, whose market value including debt is close to 20 billion US dollars.
Ford lowered the price of Mustang electric SUV to a maximum of $8,100.
Ford Motor Company said on Tuesday that it had lowered the price of its MustangMach-E Mustang electric SUV by up to $8,100 due to the sharp decline in sales in January.