Daily U.S. Stock Market News Briefing (November 1, Friday)

USHK News
2024.11.01 13:12

Important News 1. The U.S. October non-farm data showed a significant slowdown, with the unemployment rate remaining stable. Individual Stock News 1. Apple (AAPL.O): Q4 revenue for FY 2024 was $94.9 billion, compared to $89.5 billion in the same period last year, with market expectations of $94.58 billion. Q4 net profit for FY 2024 was $14.736 billion, down from $22.956 billion in the same period last year, with market expectations of $23.52 billion. 2. JPMorgan Chase (JPM.N) agreed to pay over $151 million to settle a series of charges from the U.S. Securities and Exchange Commission (SEC) regarding how the company handled client funds, disclosed fees, and allowed certain prohibited trades. 3. OpenAI announced the launch of a search feature in ChatGPT on Thursday. 4. Intel (INTC.O): Q3 revenue for 2024 was $13.28 billion, down from $14.2 billion in the same period last year, with market expectations of $13.02 billion. The outlook for Q4 revenue is between $13 billion and $14.3 billion, while the market estimate is $13.66 billion. 5. Amazon (AMZN.O): Q3 revenue grew 11% year-on-year to $158.9 billion, exceeding market expectations; operating profit was $17.4 billion, higher than the market expectation of $14.7 billion. Q3 revenue from the cloud computing division AWS grew 19% year-on-year to $27.5 billion, in line with market expectations. 6. According to informed sources, after completing a new round of $5.6 billion financing last week, Waymo, the autonomous driving subsidiary of Alphabet (GOOGL.O), has a valuation exceeding $45 billion. 7. Exxon Mobil (XOM.N): Q3 profit reached $8.6 billion, with earnings per share of $1.92. 8. Amazon (AMZN.O) exceeded expectations for profit and revenue in Q3, with impressive retail growth. 9. Chevron (CVX.N): Q3 adjusted earnings per share were $2.51, higher than the market expectation of $2.40. Chevron expects stock buybacks in Q4 to be between $4 billion and $4.75 billion