USA: Values to follow on Wall Street

  •   18/03/2020 - 11h38
  •   DEHOUI Lionel

In the day of March 17, 2020, the main values to be followed show some increase ranging from 0.7% to 1.6%. These values come in the wake of a historical decline. Indeed, Boeing said it was in negotiations with the U.S. Congress and the White House to obtain some financial assistance, even if it is short-term. This statement was made on Monday evening when the stock was down 24%. This figure shows that the group is at more than 60% of its monthly losses. In addition, the eight largest US banks made it clear on Monday that they will take joint action. But which one? They will simply resort to the emergency lending system put in place by the Federal Reserve. The latter had reduced the discount rate to 0.25% last Sunday. The objective is to improve liquidity in the financial system.

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USA: Values to follow on Wall Street
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On the side of the airlines and Amazon.

It should be noted that, at their level, the major airlines in the United States are in search of a rescue plan from the U.S. government. They are hoping for $50 billion in aid. For its part, the U.S. government is announcing urgent fiscal measures to address the sharp decline in demand in the sector. This fall is closely linked to the global health and economic crisis (Covid-19).

For its part also, the AMAZON group announces the recruitment of 100,000 employees to run its warehouses and satisfy its deliveries on the lands of the United States. This statement made on Monday is intended to anticipate the surge in online orders. Indeed, many consumers have used the "internet" tool since the beginning of Covid-19. Today, everyone calls it a pandemic.

 

Walmart and Apple

The Oppenheimer Group has announced that it has raised its recommendation to "super-formance" from "online performance". He pointed out that his super-formant stock was shaping the entire financial market during this period of recession in the United States. He stated that the group known for its large distribution was better equipped than others in the same field as him. This being the case, it will be better able to deal with the attitude of consumers in this time of crisis.

Not surprisingly, Walmart Group was able to gain 3.1% in the first trading days before the stock market. On the side of the American group Apple, Jefferies revised its objective of price in fall of 50 dollars as soon as the bar of 320 dollars was crossed. The group's earnings guidance for the current year has also been revised downwards even though the group has reiterated its recommendation to purchase.

 

Chesapeake Energy goes down, but Regeneron Pharma goes up..

The value that surprised the US financial market today remains the 10% forex loss recorded by the Chesapeake Energy Group. As a result, there are reports that the group is considering restructuring against a backdrop of collapsing crude oil prices. But Regeneron Pharma was able to take more than 13% off the stock exchange following its statement that antibodies would be available to end Covid-19.