AOF analysis closes Wall Street – Micron and Nike in support

(AOF) – US equity markets rebounded strongly after losing more than 1% on Monday. They were notably supported by favorable news from the securities side; Micron and Nike having unveiled good results. A certain return of appetite for risk has been noted on the world stock markets. However, this improvement is likely to be short-lived as the spread of Omicron is dazzling in the United States and Europe. The Dow Jones gained 1.6% to 35,492.70 points while the Nasdaq Composite gained 2.4% to 15,341.09 points.

Nike shares jumped 5.99% to 166.51 dollars to finish in first place in the Dow Jones index. The performance of the sports equipment supplier was however impacted by supply problems, particularly in China. In the second quarter at the end of November, net income rose 7% to $ 1.3 billion, or 83 cents per share. The consensus of 63 cents per share has been left in the dust.

Today’s economic figures

No statistics are expected

The values ​​to follow today

Boeing / UPS

UPS has ordered 19 Boeing 767 Freighters. Boeing received 80 firm orders for the widebody cargo aircraft and more than 80 orders for Boeing Converted Freighters this year, as demand for air freight skyrocketed during the pandemic and the rise of e-commerce.

General Mills

General Mills unveiled mixed quarterly results. In the second quarter of its fiscal year, the US food group reported net income of $ 597.2 million, or 97 cents per share, against 688.4 million, or $ 1.11 per share a year earlier. Excluding one-offs, EPS came in at 99 cents against a consensus of $ 1.05. The turnover stood at 5.024 billion. Analysts had expected 4.839 billion.

Micron

The manufacturer of computer memories Micron is expected to rise sharply on the back of good results and favorable prospects. In the first quarter, ended in early December, Micron generated net income of $ 2.3 billion, or $ 2.04 per share, compared to $ 803 million and 71 cents, respectively, a year earlier. Adjusted earnings per share came in at $ 2.16, beating Refinitiv’s consensus of $ 2.111. Revenue increased 33.1% to $ 6.69 billion as the market targeted $ 7.67 billion.

Nike

Sports equipment manufacturer Nike performed better than expected. In the second quarter at the end of November, net income rose 7% to $ 1.3 billion, or 83 cents per share. The consensus of 63 cents per share has been left in the dust. Sales rose 1% to $ 11.4 billion, beating the consensus of $ 11.25 billion. They are stable at constant exchange rates. However, performance was impacted by supply problems.