Manzana Mark the way. Wall Street anticipates new gains in the heat of Cupertino. Tim Cook and his own posted better-than-expected earnings supported by the highest revenue in their history. Optimism seems to gain ground to coronavirusfor now
In the Dow jones, the most bullish values in the pre-opening are General Electric, Microsoft and Exxon Mobil. Watch out for the first one that is looking forward after also convincing its accounts to the market. Within the business front, attention also to McDonald's that won more than expected by the consensus of analysts.
The numbers invite optimism. 25% of the S&P 500 has already paid accounts to the market and 72% of these companies have exceeded expectations, according to FactSet. And there are still Tesla, Facebook, Microsoft … the other side of the coin is being Boeing which gives ground after signing its first year with losses since 1997. The 737 Max crisis continues.
The Fed also attracts attention. This Wednesday the Federal Reserve meets in what is its first meeting of the present decade. The big question is whether it will keep the types in the fork that goes from 1.50% to 1.75%.
Across the Atlantic, the Ibex Look now at 9,600 points thanks to its two large banks. The rest of Europe is also dyed green. Not so in Asia, where Hong Kong has led the new falls to the growing concern about the Wuhan virus.