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Dynamic quotes 

GLOBAL MARKETS LIVE: Alphabet, Amazon, Starbucks…

10/30/2020 | 10:43am EST

The avalanche of earnings reports continues, with major American technology companies and European heavyweights such as Total, Novo Nordisk, Safran, NatWest and LafargeHolcim.

Earnings season. Novo Nordisk, AbbVie, Exxon Mobil, Chevron, Honeywell, Total, Altria, LafargeHolcim, Colgate-Palmolive, Safran, Itochu, Cellnex, Glencore, Swiss Re and NatWest are among companies reporting their results today.

A few results:

  • Alphabet’s share price rose sharply following the publication of higher than expected results.
  • Amazon.com: In the fourth quarter, the e-tailer should post record results, after an already very strong third quarter, thanks in particular to AWS.
  • Apple: the stock is losing more than 4% off session. If results have exceeded expectations, iPhone sales are a little disappointing.
  • Facebook: the stock lost ground after the close in the wake of good results but cautious comments on 2021.
  • LafargeHolcim: the cement manufacturer reported better than expected quarterly results, both in terms of sales and operating income. It was relatively confident for the rest of the year.
  • NatWest: results are slightly higher than expected, and annual provisions will be in the low range of what was previously announced.
  • Starbucks: Share price fell on mixed outlook
  • Total: The oil major suffered a 72% contraction in net profit in the third quarter, but the quarterly dividend of EUR 0.66 per share is maintained. Total has revised downwards its 2020 investment forecasts.
  • Twitter: the stock drops 17% after the session after the announcement of a weaker-than-expected quarterly number of users.

In other news:

  • Continental's CEO must resign for health reasons.
  • AB Volvo will sell its UD division (formerly Nissan Diesel) to Isuzu as part of a joint venture for SEK 20 billion.
  • Netflix rose 3% yesterday after announcing a price increase in the US.
  • BP Plc will close Australia's largest refinery to convert it into an import terminal.
  • LG Chem shareholders approved the principle of a spin-off of the battery business.
  • Exxon Mobil will cut 14,000 jobs worldwide, or about 15% of its workforce, to cope with the new oil situation.
  • Takeda signs a distribution contract for Moderna's future Covid-19 vaccine in Japan, with the support of authorities.
  • AMP Limited was approached by Ares Management for an acquisition.
  • Prosus will repurchase $5 billion of Naspers and Prosus shares.
  • Roche obtains a new green light from the FDA for its Cobas test.
  • Partners Group and UBS Group join forces in wealth management products.

© MarketScreener.com 2020
Stocks mentioned in the article
ChangeLast1st jan.
AB VOLVO -1.79% 194.85 Delayed Quote.26.45%
ABBVIE INC. 0.72% 104.81 Delayed Quote.17.51%
ALPHABET INC. 1.94% 1830.89 Delayed Quote.34.04%
ALTRIA GROUP, INC. -1.22% 39.97 Delayed Quote.-18.87%
AMAZON.COM, INC. -0.34% 3209.47 Delayed Quote.74.26%
AMP LIMITED 2.02% 1.765 End-of-day quote.-7.83%
APPLE INC. 0.21% 122.8884 Delayed Quote.62.17%
BP PLC 4.74% 267.15 Delayed Quote.-45.92%
CELLNEX TELECOM, S.A. -0.27% 51.68 Delayed Quote.44.85%
CHEVRON CORPORATION 3.52% 90.5037 Delayed Quote.-27.43%
COLGATE-PALMOLIVE COMPANY -0.97% 85.43 Delayed Quote.25.31%
CONTINENTAL AG -1.98% 116.5 Delayed Quote.3.11%
EXXON MOBIL CORPORATION 4.36% 40.17 Delayed Quote.-44.83%
FACEBOOK INC 0.55% 288.245 Delayed Quote.39.61%
GLENCORE PLC 1.30% 222.8 Delayed Quote.-6.54%
HONEYWELL INTERNATIONAL INC. 1.27% 208.8703 Delayed Quote.16.50%
LAFARGEHOLCIM LTD -0.41% 48.29 Delayed Quote.-9.70%
LG CHEM, LTD. 3.96% 841000 End-of-day quote.164.88%
NATWEST GROUP PLC 0.76% 166 Delayed Quote.-31.44%
NETFLIX, INC. -0.17% 504.13 Delayed Quote.55.94%
NOVO NORDISK A/S 0.88% 420.65 Delayed Quote.7.85%
PARTNERS GROUP HOLDING AG 0.29% 967.8 Delayed Quote.8.74%
PROSUS N.V. -1.20% 92.38 Delayed Quote.36.78%
ROCHE HOLDING AG 1.02% 302.65 Delayed Quote.-4.59%
SAFRAN 0.77% 123.75 Real-time Quote.-10.79%
STARBUCKS CORPORATION 0.00% 98.85 Delayed Quote.11.49%
SWISS RE LTD -0.78% 83.44 Delayed Quote.-22.63%
TAKEDA PHARMACEUTICAL COMPANY LIMITED 2.89% 3839 End-of-day quote.-11.38%
TOTAL SE 1.05% 36.71 Real-time Quote.-26.16%
TWITTER 1.44% 47.355 Delayed Quote.45.62%
UBS GROUP AG -0.88% 12.89 Delayed Quote.6.38%