U.S Futures red - Watch TSLA, KO, C, T, XOM, LUV

,

The S&P 500 Futures remain under pressure after they posted modest losses after a choppy session yesterday

Trading floor 1

The S&P 500 Futures remain under pressure after they posted modest losses after a choppy session yesterday.

Later today, the U.S. Labor Department will release initial jobless claims in the week ending October 17 (0.87 million expected). The Conference Board will post its Leading Index for September (+0.6% on month expected). The National Association of Realtors will report September existing home sales (6.30 million units expected).

European indices are under pressure. Germany's GfK Consumer Confidence Index for November was released at -3.1 (vs -3.0 expected). France's INSEE has reported October indicators on business confidence at 90 (vs 92 expected) and manufacturing confidence at 93 (vs 96 expected).

Asian indices closed in the red except the Hong Kong HSI.

WTI Crude Oil futures remain under pressure. The U.S. Energy Information Administration (EIA) reported increased gasoline inventories last week, which indicated weak demand for fuel.

Gold is consolidating while the U.S dollar bounces after hitting a seven-week low amid U.S fiscal package uncertainty and soaring global COVID-19 cases.

Gold fell 9.22 dollars (-0.48%) to 1915.11 dollars.

The dollar index rose 0.26pt to 92.872.


U.S. Equity Snapshot


Tesla (TSLA), the electric-vehicle maker, reported third quarter adjusted EPS of 0.76 dollar, up from 0.37 dollar a year ago, on revenue of 8.8 billion dollars up from 6.3 billion dollars a year earlier. Those figures beat estimates.


Source :TradingView, GAIN Capital

Coca-Cola (KO), the soft drink giant, posted third quarter adjusted EPS of 0.55 dollar, exceeding estimates, vs 0.56 dollar a year earlier. 

Citigroup (C), the banking group, was downgraded to "buy" from "conviction buy" at Goldman Sachs.

AT&T (T), one of the largest wireless communication carriers in the U.S., is gaining some ground before hours after posting quarterly earnings that slightly beat estimates.

Exxon Mobil (XOM), the oil and gas company, plans layoffs in the coming weeks, according to Bloomberg.

Southwest Airlines (LUV) is climbing in extended trading as quarterly earnings exceeded expectations. The company said it is in talks with Boeing (BA) to restructure order book.

Chipotle (CMG), the fast food restaurant chain, lost ground after hours as third quarter earnings were hurt by rising delivery costs.

Kinder Morgan (KMI), one of the largest midstream energy firms in North America, released third quarter adjusted EPS of 0.21 dollar, down from 0.22 dollar a year ago, on sales of 2.9 billion dollars, down from 3.2 billion dollars a year earlier. Those figures were broadly in line with estimates.

Xilinx (XLNX), a designer of field-programmable gate arrays (FPGAs), disclosed second quarter EPS of 0.79 dollar, down from 0.89 dollar last year on net revenue of 766.5 million dollars, down from 833.4 million dollars a year earlier. Those figures beat estimates.

Peloton Interactive (PTON), the interactive fitness platform, was downgraded to "neutral" from "buy" at Goldman Sachs.

More from Equities

Disclaimer: The information on this web site is not targeted at the general public of any particular country. It is not intended for distribution to residents in any country where such distribution or use would contravene any local law or regulatory requirement. The information and opinions in this report are for general information use only and are not intended as an offer or solicitation with respect to the purchase or sale of any currency or CFD contract. All opinions and information contained in this report are subject to change without notice. This report has been prepared without regard to the specific investment objectives, financial situation and needs of any particular recipient. Any references to historical price movements or levels is informational based on our analysis and we do not represent or warranty that any such movements or levels are likely to reoccur in the future. While the information contained herein was obtained from sources believed to be reliable, author does not guarantee its accuracy or completeness, nor does author assume any liability for any direct, indirect or consequential loss that may result from the reliance by any person upon any such information or opinions.

Futures, Options on Futures, Foreign Exchange and other leveraged products involves significant risk of loss and is not suitable for all investors. Losses can exceed your deposits. Increasing leverage increases risk. Spot Gold and Silver contracts are not subject to regulation under the U.S. Commodity Exchange Act. Contracts for Difference (CFDs) are not available for US residents. Before deciding to trade forex and commodity futures, you should carefully consider your financial objectives, level of experience and risk appetite. Any opinions, news, research, analyses, prices or other information contained herein is intended as general information about the subject matter covered and is provided with the understanding that we do not provide any investment, legal, or tax advice. You should consult with appropriate counsel or other advisors on all investment, legal, or tax matters. References to Forex.com or GAIN Capital refer to GAIN Capital Holdings Inc. and its subsidiaries. Please read Characteristics and Risks of Standardized Options.