Jueves 30/07/20 PBI, seguros de desempleo.

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Jueves

Eventos económicos

PBI
Seguros de desempleo

JULY 30
8:30 am GDP Q2 -34.6% -5.0%
8:30 am Initial jobless claims (regular state program) July 25 1.51 million 1.42 million
8:30 am Continuing jobless claims (regular state program) July 18 -- 16.2 million
8:30 am Continuing jobless claims (total, NSA) July 11

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https://www.wsj.com/articles/pentagon-t ... 13?mod=mhp

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140.85 1.35
Japan: Nikkei 225 22339.23 -57.88 -0.26
UK: FTSE 100 6030.13 -101.33 -1.65
Crude Oil Futures 40.63 -0.64 -1.55
Gold Futures 1947.60 -5.80 -0.30
Yen 105.07 0.14 0.14
Euro 1.1748 -0.0043

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140.85 1.35
Japan: Nikkei 225 22339.23 -57.88 -0.26
UK: FTSE 100 6030.13 -101.33 -1.65
Crude Oil Futures 40.63 -0.64 -1.55
Gold Futures 1947.60 -5.80 -0.30
Yen 105.07 0.14 0.14
Euro 1.1748 -0.0043

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LAST CHG %CHG
Crude Oil Futures 40.61 -0.66 -1.60
Brent Crude Futures 43.53 -0.56 -1.27
Gold Futures 1947.90 -5.50 -0.28
Silver Futures 23.585 -0.736 -3.03
DJIA Futures 26212 -228 -0.86
S&P 500 Futures 3222.50

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Copper July 30,06:38
Bid/Ask 2.9118 - 2.9127
Change -0.0104 -0.35%
Low/High 2.9046 - 2.9319
Charts

Nickel July 30,06:37
Bid/Ask 6.2218 - 6.2240
Change -0.0318 -0.51%
Low/High 6.1946 - 6.2944
Charts

Aluminum July 30,06:38
Bid/Ask 1.0187 - 1.0189
Change -0.0020 -0.19%
Low/High 1.0179 - 1.0238
Charts

Zinc July 30,06:38
Bid/Ask 1.0276 - 1.0281
Change -0.0004 -0.04%
Low/High 1.0210 - 1.0337
Charts

Lead July 30,06:34
Bid/Ask 0.8354 - 0.8358
Change +0.0003 +0.04%
Low/High 0.8285 - 0.8392
Charts

Uranium Jul 27, 2020
Ux U308 price: 32.20
Change from
previous week

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Big Tech, including Apple and Facebook, report earnings after the bell, which could mean a crazy market day on Friday
PUBLISHED WED, JUL 29 20205:50 PM EDTUPDATED 2 HOURS AGO
Patti Domm
@IN/PATTI-DOMM-9224884/
@PATTIDOMM
Four Big Tech names — worth nearly $5 trillion — all report earnings Thursday, and that could create “crazy” market volatility if one or more disappoint.
Apple, Amazon, Alphabet and Facebook are all scheduled to report in the 4 p.m. hour Thursday, and they along with Microsoft have led much of the market’s gains.
“Whether they reported in four days or one, we’re getting the same news flow. What it does represent is a large amount of volatility when the numbers come out,” said one analyst.
FAANG stocks displayed at the Nasdaq.
FAANG stocks displayed at the Nasdaq.
Adam Jeffery | CNBC
Big tech could be about to make a big splash.

Four of the market’s five biggest stocks report earnings within a single hour on Thursday afternoon and that could cause big volatility in after-hours trading and again on Friday.


Apple, Amazon, Alphabet and Facebook — worth nearly $5 trillion in combined market capitalization — are all are market favorites and are releasing earnings results just after 4 p.m. ET.

“Friday is going to be crazy,” said Dan Niles, founder of AlphaOne Capital Partners. “If anybody misses their numbers, that’s not going to be good.”

WATCH NOW
VIDEO06:23
Earnings will have more impact on tech stocks than antitrust hearing: Investor
The outperformance of these companies against the broader market has already raised concerns that too much of the market’s momentum is concentrated in too few names. And the reports coming all at once will be a lot for investors to digest.

“Ultimately, these companies were going to report anyway,” said Jonathan Golub, chief U.S. equity strategist at Credit Suisse. “Whether they reported in four days or one, we’re getting the same news flow. What it does represent is a large amount of volatility when the numbers come out.”

A slew of other companies report earnings on Thursday as well, starting with Procter & Gamble, Comcast, Eli Lily and Ford early in the day. But the Big Tech names are the most anticipated because of their sheer size as part of an elite group of companies with a market cap of more than $1 trillion.


They have collectively had the biggest impact on the market, and it’s their momentum that could determine whether Nasdaq continues to hit new highs.

In addition to financial results, the companies could provide a first look at how their businesses have been impacted in the last couple of weeks, as more states shut down some activities due to the spread of the coronavirus.

20200729 Domm Big Tech earnings
“If they make some comments that advertising spending is starting to slow in the last couple of weeks, how are people going to take it?” Niles said. “With stocks up this much and so many people owning stocks in the retail market, they might not be as informed on what they own. That could create some really wild action.”

Niles said that with stocks heading higher into earnings, the action could be even more exaggerated if something goes wrong. But the big four could also add volatility on the upside.

The Big Tech companies typically report within days of each other, but this quarter they ended up altogether. Facebook would have reported Wednesday, but it changed the date to Thursday. Facebook CEO Mark Zuckerberg and the CEOs of the other three big tech companies all testified before Congress Wednesday.

Earnings growth driving stock prices

Golub notes that the four tech stocks, along with Microsoft, have returned 49% over the past 12 months, compared to the rest of companies in the S&P 500 that have “barely budged” during the same time frame.

He said about three-quarters of the outperformance of all five stocks, including Microsoft, has been the result of earnings growth. Net margins, at 17.3% on average, are 70% higher than for the rest of the S&P 500 names in the trailing 12 months.

Profits for the five stocks were up 3.1% in the same period, versus a 9.2% decline for the S&P 500 companies. Golub said they have strong cash positions, and their higher margins give them better results in periods of market stress.

The four stocks reporting Thursday represent about 16% of the S&P 500, based on Tuesday’s close, and their collective market cap was $4.87 trillion. The stocks have surged ahead this year, helping pull the Nasdaq to new highs.

For instance, Amazon is up 63% so far in 2020, while Apple is up 29% year-to-date. Alphabet and Facebook are up about 13% each, while the S&P 500 is just about a half percentage point higher for the year. Apple has the largest market cap at $1.65 trillion, as of Wednesday’s market close. Amazon was at $1.51 trillion, and Alphabet was valued at $1.04 trillion.Facebook was $665 million.

When it comes to Nasdaq, the four stocks have even more clout. They are about 34.5% of the Nasdaq 100.

“If you have almost 20% of the market in four names that have been doing really well, and those four collectively miss by a chunk, we cannot afford to have the market question whether we can have these names continue,” said Golub. “The fundamental story is so strong on these. I think they’re perfectly fine. I don’t think there’s an issue.”

Pandemic hasn’t slammed these companies

While the impact of the coronavirus has slammed earnings across the broader market, tech is not expected to see as big a dent. The four stocks saw some benefit during the virus shutdown, as some of their business benefits from consumers staying home and working from home.

According to Refinitiv I/B/E/S estimates, tech earnings are coming in about 3.6% lower this quarter, while the S&P is seeing profits down 39%. Investors tend to lump the stocks together as Big Tech, Amazon in reality is part of the S&P consumer discretionary sector, and Google and Facebook are in the communications sector.

Companies are beating at a solid pace, near 80%, which is much higher than the 65% typical beat rate. Tech is beating by an even bigger margin- with 96% beating estimates.

Golub said the average size of the earnings beat is about 13% above estimates, compared to a usual pace of 3% to 4%.

“More companies are beating, and the level of the beats when they get them are huge,” Golub said. “What’s odd is the companies that are missing are not getting that beaten up anyway. From that perspective, if the trend continues these four companies are going to do really well. Unless they have an ugly quarter, the downside risk for them is smaller than normal anyway.”

The outperformance of these companies against the broader market has raised concern that too much of the market’s momentum is concentrated in too few names. And the reports coming all at once will be a lot for investors to digest.

Ari Wald, technology strategist at Oppenheimer, said it’s not the tech names he’s worried about.

“The real question is, I point the finger at the other areas of the market. Why haven’t they been able to produce gains? They’ve fallen so much in terms of the composition of the market. That is the bigger issue plaguing the market,” said Wald. “Tech is strong. The rate of change is nowhere near where it was in the 1990s. The relative outperformance — and that’s what’s been extended — is really created by weakness everywhere else in the market. What it really caused is a bubble in dispersion.”

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Comcast is set to report earnings before the bell — here’s what Wall Street expects
PUBLISHED THU, JUL 30 20206:30 AM EDTUPDATED 17 MIN AGO
Lauren Feiner
@LAUREN_FEINER
Comcast is set to report earnings before the bell on Thursday.
This is the first earnings report since Comcast’s NBCUniversal has launched its new ad-supported streaming service, Peacock.
It will also be the first to reflect the full extent of the coronavirus pandemic on Comcast’s business.
Brian Roberts, chief executive officer of Comcast, arrives for the annual Allen & Company Sun Valley Conference, July 9, 2019 in Sun Valley, Idaho.
Brian Roberts, chief executive officer of Comcast, arrives for the annual Allen & Company Sun Valley Conference, July 9, 2019 in Sun Valley, Idaho.
Drew Angerer | Getty Images
Comcast is set to report its second-quarter earnings before the bell on Thursday. This is the first earnings report since Comcast’s NBCUniversal, the parent company of CNBC, has launched its new ad-supported streaming service, Peacock, and the first to reflect the full extent of the pandemic on Comcast’s business.

Here are the key numbers:

Earnings per share (EPS): 55 cents expected, according to Refinitiv
Revenue: $23.57 billion expected, according to Refinitiv
High-speed internet customers: 247,000 net adds expected, according to FactSet

Comcast had already felt some of the effects of the pandemic in the first quarter. The company reported a nearly 40% drop in first-quarter profit even though its cable and broadband divisions got a boost due to stay-at-home orders around the world keeping people inside.

Comcast said in its last report it expected advertising would be down “significantly” this quarter, due in part to the lack of live sports events.

Executives likely hope Peacock can help buoy other parts of the business as consumers stuck inside look for entertainment options. The service debuted broadly earlier this month, entering the crowded field of new streaming platforms but differentiating itself with its tiered, ad-supported model.

NBCUniversal’s theme parks business has suffered during the pandemic. Though Universal’s Orlando-based parks were able to reopen in June, its California parks remain in limbo. Rising case counts in Florida could also jeopardize any progress there despite enhanced protocols to deal with the virus.

The company has also had to navigate delayed film releases and decisions about whether to release features over streaming platforms as it did for “Trolls World Tour.” The release sparked a brief dispute with AMC Theatres, which said it would no longer host Universal’s film slate at its 1,000+ locations. But the companies ultimately struck a deal that will allow Universal to make its titles available on-demand sooner than before.

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https://lta.reuters.com/articulo/econom ... U2SB-OUSLT

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LAST CHG %CHG
DJIA 26111.31 -428.26 -1.61
S&P 500 3218.97 -39.47 -1.21
Nasdaq Composite 10462.74 -80.20 -0.76
Japan: Nikkei 225 22339.23 -57.88 -0.26
UK: FTSE 100 5932.40 -199.06 -3.25
Crude Oil Futures 39.16 -2.11 -5.11
Gold Futures 1942.60 -10.80 -0.55
Yen 105.10 0.17 0.17
Euro 1.1786

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https://lta.reuters.com/articulo/econom ... V2JX-OUSLT

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https://www.wsj.com/articles/global-sto ... 70?mod=mhp

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LAST CHG %CHG
DJIA 26230.49 -309.08 -1.16
S&P 500 3230.30 -28.14 -0.86
Nasdaq Composite 10508.68 -34.26 -0.32
Japan: Nikkei 225 22339.23 -57.88 -0.26
UK: FTSE 100 5979.76 -151.70 -2.47
Crude Oil Futures 39.86 -1.41 -3.42
Gold Futures 1931.30 -22.10 -1.13
Yen 105.10 0.17 0.17
Euro 1.1780 -0.0012

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https://www.bvl.com.pe/

[RCHF]

RESUMEN-El COVID-19 hunde a la economía EEUU en segundo trimestre, el panorama luce inestable
Por Lucia Mutikani


WASHINGTON, 30 jul (Reuters) - La economía estadounidense se contrajo a su ritmo más veloz desde la Gran Depresión en el segundo trimestre, ya que la pandemia de coronavirus devastó el consumo personal y de las empresas, mientras que la incipiente recuperación se ve amenazada por rebrotes de la enfermedad.

El Producto Interno Bruto (PIB) se derrumbó a una tasa anualizada del 32,9% en el último trimestre, la contracción más grave en la producción desde que el gobierno comenzó a tomar registros en 1947, dijo el jueves el Departamento del Comercio.

El descenso del PIB más que triplicó la última gran retracción de la economía, de un 10%, registrada en el segundo trimestre de 1958. La economía se redujo a una tasa del 5% en el primer trimestre.

Analistas encuestados por Reuters habían previsto un colapso del PIB de 34,1% en el periodo de abril a junio.

Buena parte de este declive histórico del PIB ocurrió en abril, cuando la actividad casi se paralizó luego de que restaurantes, bares, fábricas y otros negocios se vieron obligados a cerrar desde mediados de marzo para detener la propagación del COVID-19.

Aunque la economía comenzó a repuntar en mayo, el impulso se ha desacelerado por la reaparición de casos de coronavirus, especialmente en áreas densamente pobladas del sur y el oeste de Estados Unidos, donde las autoridades están cerrando nuevamente negocios y empresas para contener los contagios.

El incremento acelerado de casos y la cifra de muertes ha moderado las expectativas de un repunte del crecimiento en el tercer trimestre.

El presidente de la Reserva Federal, Jerome Powell, reconoció el miércoles que ha habido una ralentización de la actividad. El banco central estadounidense dejó sin cambios sus tasas de interés en niveles cercanos a cero y se comprometió a continuar inyectando dinero barato a la economía.

“Da la impresión de que la economía tocó fondo en el segundo trimestre”, dijo Sung Won Sohn, profesor de finanzas y economía de Loyola Marymount University en Los Angeles.

“El panorama no es muy bueno. Los estadounidenses no están haciéndolo bien en términos de distanciamiento social, la tasa de infecciones es inaceptablemente elevada y eso implica que la economía no puede ganar tracción”, sostuvo.

El descalabro del PIB y la tambaleante recuperación podría generar más presión a la Casa Blanca y el Congreso para que acuerden un segundo paquete de estímulos económicos.

Economistas dicen que sin el primer paquete fiscal de casi 3 billones de dólares aprobado por el Congreso, la contracción del PIB pudo haber sido peor. El plan ofreció a las compañías ayudarles a pagar salarios y entregó a millones de desempleados un cheque semanal de ayuda por 600 dólares, en un subsidio de emergencia que expira el sábado. Muchas empresas han agotado sus líneas de crédito.

En otro reporte por separado el jueves, el Departamento del Trabajo dijo que los pedidos iniciales de subsidios por desempleo totalizaron 1,434 millones en la semana finalizada el 25 de julio, por debajo de las estimaciones del mercado que apuntaban a un incremento de 1,450 millones de solicitudes.