● 기업단신
Netflix — The streaming stock jumped more than 6% after Netflix reported its latest quarterly results. While Netflix missed earnings expectations, it added more subscribers than analysts were forecasting. The firm also announced that co-CEO Reed Hastings would step down from the role.
Alphabet — The Google parent saw shares rise 3.6% after CEO Sundar Pichai announced the company will lay off 12,000 employees and explained in a memo that the company “hired for a different economic reality than the one we face today.”
Eli Lilly — Shares of the pharmaceutical company slumped more than 1% in premarket after the U.S. Food and Drug Administration rejected the drugmaker’s experimental Alzheimer’s disease treatment, as it had not provided enough trial data.
Ralph Lauren — The stock rose more than 1% after Barclays upgraded Ralph Lauren to overweight, saying investors are buying a “best-in-class” apparel brand with continued elevation. Separately, Barclays upgraded shares of PVH, which owns Tommy Hilfiger and Calvin Klein brands, to overweight.
Regeneron Pharmaceuticals — The pharmaceutical giant gained 1% in the premarket after being upgraded to overweight from neutral by JPMorgan. The Wall Street firm said its drug that treats age-related macular degeneration is “best in class therapy” and could serve as the next big catalyst for Regeneron.
PagerDuty — Shares jumped more than 4% after Morgan Stanley upgraded PagerDuty to overweight from equal weight, saying the cloud computing company is pushing toward better profitability.
Salesforce — The stock dipped more than 1% after Cowen downgraded it to market perform from outperform, saying it sees “elevated levels of disruption risk” given a tougher macro backdrop that could hurt customer spending.
Nordstrom — Shares of the retailer fell 7% in premarket trading after Nordstrom announced that its holiday sales fell 3.5% year over year. In a statement, CEO Erik Nordstrom described the retail environment as “highly promotional.” The company also lowered its earnings outlook.
Macy’s — Retail stocks such as Macy’s declined following disappointing holiday sales from Nordstrom. Shares of Macy’s fell more than 2%, while Kohl’s declined 4%. Dillard’s dipped 1.3%.
Costco — Shares rose about 1% after Costco said it would reauthorize a stock repurchase program of up to $4 billion through January 2027.
● 장전 상황
Just like many a New Year’s resolution, January’s stock market rally has faded after just a few weeks. All three major indicies are headed for a losing week, while the Dow turned negative for the young year. Investors are facing down a mixed bag of corporate earnings, murky signals from the big banks, the prospect of a recession and no sign that the Federal Reserve will start to lay off its aggressive rate increases, despite its recent success in slowing down inflation. Next week brings an even bigger slate of earnings, as well as the Fed’s next rate-setting meeting.
● Netflix’s wild ride
Netflix gave markets a lot to chew over when it reported quarterly earnings after the bell Wednesday. First up, the streaming giant said Reed Hastings, who helped establish the then-DVD-rental-by-mail company in 1997, would leave his co-CEO role and become executive chairman. Operating chief Greg Peters now joins Ted Sarandos as co-CEO. Netflix also reported about 7.7 million new subscribers in the most recent quarter, easily topping Wall Street’s expectations of about 4.6 million. Once upon a time, this might have been bad news for Netflix’s streaming rivals. But, as CNBC’s Alex Sherman points out, all streamers are effectively united against a common enemy: slowing growth. A good quarter for Netflix could bode well for the others.
● Crypto contagion claims Genesis
The crypto world is a land of confusion. Lender Genesis filed for Chapter 11 bankruptcy protection late Thursday. The filing follows months of speculation over whether Genesis would file for bankruptcy. The lender is a key part of Barry Silbert’s Digital Currency Group, which has fallen under increasing pressure since the collapse of Three Arrows Capital and Sam Bankman-Fried’s empire, including Alameda Research and FTX. Genesis listed over 100,000 creditors, with liabilities ranging from $1.2 billion to $11 billion, according to bankruptcy documents.
● NATO considers tanks for Ukraine
Ukraine’s allies in NATO are considering whether supply German tanks to aid the nation’s military in its protracted fight against Russian invaders. German Chancellor Olaf Scholz has been wary of provoking Russia, which is a major energy supplier, and Germany can veto the move on its own. Poland, which has two of the German Leopard tanks in question, said it is ready to send them to Ukraine if Germany opposes the move. “At the moment we are trying to make Germany not only agree these tanks being sent by Poland or other countries, but also to do so themselves,” Poland’s deputy foreign minister said, according to Reuters.
* 필자의 생각: 뭐 각자의 상황이 있는거지만, 이번 우크라이나-러시아 전쟁으로 앞으로 독일의 입지가 좀 타격 받을 듯. 반대로 이번 전쟁이 언젠가는 끝나겠지만, 나토에서 폴란드의 영향력이 늘어날 것 같다는…
● The US is surpassing Russia as Europe’s top energy supplier
Since the European Union banned purchasing seaborne Russian crude oil in December, Russia’s exports have fallen by 9%.
The G7 countries and Australia, meanwhile, capped the price of Russian oil at $60 a barrel in December, and plan to implement a refined petroleum price cap in February. Russia has said it won’t sell to anyone at the price cap, even if that means cutting production.
Europe has made up for the resulting shortfall in its oil supply by finding other sources, including increased imports from the US. That shift could turn the US into Europe’s top energy supplier this year.
While the trend reversed back late last year, it’s likely a temporary shift influenced by the December ban as countries tried to move oil around before the ban went into effect, Politano said.
It may just be a matter of time before the US is again on top.
* 필자의 생각: 이로서 유럽은 더더욱 미국에서 벗어나지 못함…군사적으로나 경제적으로나…
● China’s internet censors are gearing up for the Lunar New Year covid surge
Content that spread “gloomy emotions,” “fabricate pandemic trends,” and share “fictitious patient experiences” will be erased.
Now, as the coronavirus tears through China’s population, it must grapple with a surge in cases and deaths. Already, Beijing has been forced to sharply revise its covid death toll to 60,000—up from just several dozen—for the period from Dec. 8 to Jan. 12. That’s very likely still an undercount, based on modelling by researchers.
That count is likely to get much worse. The UK-based health analytics firm Airfinity predicts up to 36,000 covid deaths per day during the busy Lunar New Year season, when hundreds of millions typically criss-cross China to get home for the holidays.
* 필자의 생각: 제로-코로나 접으면 중국 확진자 수 터진다고 했재? 실제 확진자수/사망자수 터지면 글로벌 경기도 나락가는 거 아닌지 몰라…ㅠㅠ
