Alphabet shares in the postmarket after the quarterly report for the first time in history jumped above $2000

The company Alphabet (Google) after the end of regular trading on Tuesday published a report on the results of the 4th quarter of 2020, in which it reported sales above the expectations of Wall Street analysts, as spending on online advertising in the pre-holiday period was very high.



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Alphabet shares rose 1.4% to $1,919. 12 in the regular session on Tuesday. During the session, an absolute record peak of $ 1949.37 was reached. At the same time, in the extended session, as a reaction to the publication of the report, securities jumped more than 7% and for the first time in history rose above $ 2,000 per share.

Key points of the report for the 4th fiscal quarter:

Revenue, net of traffic acquisition costs, was $46.43 billion, while analysts ' consensus forecast was $44.16 billion.
Revenue from other projects $196 million, forecast $176.2 million
Company $ 56.90 billion, Forecast $ 53.54 billion
Earnings per share $22.30, forecast $15.58 (forecast range was $11.27 - $17.85)
Operating profit $15.65 billion, forecast $11.97 billion (forecast range was $9.05 billion - $13.88 billion)
Operating loss from other projects -$1.14 billion, forecast loss - $1.74 billion.
Operating margin of 28%, forecast 23,4%
YouTube advertising revenue rose 46% YoY to $6.9 billion, compared to a forecast of $6.2 billion.

Alphabet's management aims to diversify the company's revenue sources by focusing on the cloud segment. While Alphabet in the market of rental of computing power, data centers and software services is inferior to competitors in the face of Microsoft and Amazon. The cloud computing division posted an operating loss of $ 1.24 billion in the fourth quarter. This is a new indicator in the reporting. Some analysts assumed that the company would be able to show operating profit in this segment.

A selection of decisions to raise, downgrade and target the company, as well as new / updated coverage and recommendations that have been made by Wall Street analysts since the end of regular trading the previous day. The selection was made on February 5, 2021, based on information from Bloomberg.

Upward revision:

Alibaba ADRs (BABA) - Upgraded to " buy " | Northeast Securities; target $304.50
The Bank of Princeton (BPRN) — upgraded to " buy " a | B Riley Securities; the goal is $32
CMS Energy (CMS) — upgraded to "best market" | Credit Suisse; target $64
Canada Goose (GOOS CN) — updated to "buy" | Williams Trading; the goal of C$70
Canada Goose (GOOS CN) - upgraded to "neutral" | BTIG
Canada Goose (GOOS CN) - upgraded to "neutral" | Goldman
Corteva (CTVA) - Upgraded to "above market" | JPMorgan; target $51
DXC Technology (DXC) — Upgraded to "Best Market" | Wolfe; target $28
Foot Locker (FL) — updated to " buy " | Citi; target $60
Greenhill (GHL) - Upgraded to "Best Market" | JMP; $20 target
Infinity Pharma (INFI) — upgraded to "neutral" | JPMorgan
MSG Networks (MSGN) — Upgraded to "Best Market" | Macquarie; $20 target
Monolithic Power (MPWR) - updated to " buy " | Summit Insights
Plantronics Inc (PLT) — upgraded to "by market" / Morgan Stanley; target $31
Redfin (RDFN) — upgraded to "neutral" | Goldman; the purpose of the $ 78
Saputo (SPD SP) - upgraded to "better market" | Chibok; targets from$43
Starbucks (SBUX) - Upgraded to " buy " | Gordon Haskett; target $120
StoneCo (STNE) — upgraded to "best market" | Credit Suisse; $100 target
Teradata (TDC) - updated to " buy " | BofA; target $55
Zillow (ZG) - upgraded to " buy " | Goldman; target $200

Downward revision:

Air Prod & Chem (APD) - downgraded to "neutral" | Citi
Biogen (BIIB) - downgraded to "hold" | DZ Bank; target $264
Bruker (BRKR) - downgraded to "by market" | Wells Fargo; target $55
Canopy Growth (WEED CN) - downgraded to "neutral" | Piper Sandler; target C$34.65
Cognizant (CTSH) - downgraded to "hold" | HSBC; target $80
New Relic — NEWR) - downgraded to "market level" | Oppenheimer
New Relic — NEWR) - downgraded to "market level" | Raymond James
New York Community Bancorp (NYCB) — downgraded to "neutral" | UBS
Peloton (PTON) - downgraded to "market level" | Raymond James (report)
Twist Bioscience (TWST) - downgraded to "worse than the market" | JPMorgan; target $100

New recommendations:

Activision Blizzard (ATVI) - Set for "Better than the Market" | Raymond James
Arko-set for "active buy" / Raymond James; target $13
CareRx Corp (CRRX CN) - set at "buy" | Desjardins; target C$7.50
Conversion Lab (0813679DCN) - Set for" buy " / " in " Riley securities; target $35
Dick's Sporting (DKS) - set to "hold" / Gordon Haskett; target $70
Docebo (DCBO CN) - set at "better than the market" / ATB Capital; target C$85
Landsea Homes (LFACU) - set at "by market" / Barclays; target $11
Maverix Metals (MMX CN) — set to ' buy ' | devices; the goal of C$8
North American construction (NOA CN) — resumed at the level of "better than the market" | ATB Capital
Par technology (par) - meaning "better than the market" | William Blair
QuantumScape (CFR) - "Neutral level" | "Goldman" set; $42 target

Premarket. Anomalies are increasing

February started with a strong rise in the main stock markets of the world. The removal of overbought conditions and the achievement of significant technical support in the indices led to an increase in demand in risky assets.



Investors shrugged off even the risks of a reduction in the US fiscal program. According to the combination of factors, the positive dynamics in the European markets will continue on Tuesday.You can also find out more information from deltamarket broker, which has proven itself with good reviews.

Oil prices rushed to the highs of the year. Estimates of the dominance of the uptrend and the permanent weakness of futures contracts at the end of January were justified. On the side of buyers of commodity assets, there are risks of a shortage of raw materials due to the recovery of global demand and the discipline of members of the OPEC+ cartel to curb energy production.

Against such a favorable background, the Russian market looks weak. The discount factor is geopolitics. Market participants are not unreasonably afraid of further sanctions pressure from Western partners. Anomalies are increasing, and the yield spread of the Russian and US markets is expanding.

Asian markets

Investors in the Asia-Pacific region on Tuesday are consolidating Monday's success.

Chinese markets are up about half a percent, despite the rapid growth of their counterparts in the region and a strong rebound in US indices and morning futures. Previously, the stability of the Chinese stock market to global negative trends has been repeatedly noted, but on the return movement of global benchmarks, we have a rather restrained reaction from investors in China. Market participants live on an intra-country agenda.

Earlier, the Chinese yuan, a leading indicator of global trade risk, pointed to the fleeting weakness of equity markets. While the USD/CNY currency pair is below 6.5, downside players in risky assets can only be satisfied with limited corrections. The Chinese currency continues to move in the area of 3-year highs.

The Australian ASX is rising around 1.5%, driven by a high rebound in the US market, with which the Australian benchmark has historically had a good correlation. The Reserve Bank of the country maintains a soft monetary policy and supports the players for the increase.

The regulator left the funding rate at the previous minimum level of 0.1% per annum. The consequences of the coronacrisis determine the long-term nature of economic stimulus.

American sites

US indices soared by 0.8–2.6% yesterday. The high-tech Nasdaq was the leader. The broad-based S&P 500 index rose more than 1.5%, reversing Friday's weakness. The benchmark stock market rose by 3% from the reversal level of 3,660 p. indicated last week. Tuesday morning futures continue to rise to 3790 p. (+0.5%).

The recovery factor of the US stock market will support the buying mood in most markets around the world until the opening of the main US session. And there, investors will have to face a strong resistance of 3800 p.on the S&P 500.

The panic of investors against the background of a coordinated attack by private investors on the positions of hedge funds has somewhat subsided. The delay of US lawmakers in adopting the fiscal package of state support also seems to have reduced its significance. However, for now, we should consider the growth of the beginning of February as a technical rebound. The volatility is likely to make itself felt again.

The US currency, the US dollar, is now experiencing two positive exchange rate factors, moving away from the lows of the last three years, tested in early January 2021.

Firstly, market participants expect the country's macroeconomic indicators to continue to recover, and secondly, the issue of providing another portion of fiscal support to the US economy remains unresolved, which somewhat slows down the devaluation trend in the national currency. As a result, the US dollar index rebounded to 91 p.on the DXY. If the level drops, there will be room for maneuver by 92 p. This factor puts pressure on the currencies of developing economies.