Apple, trade talks between the United States and China, Starbucks, Alibaba – Five things to know

Here are five things you need to know for Friday, November 2nd:

1. – Gathering of stocks following the thaw in the American-Chinese trade war

US equity futures traded higher on Friday, Nov. 2, and global equities rallied as investors welcomed the announcement of a possible thaw in China's trade war. and China, ignored the disappointing outlook of Apple Inc. (AAPL) and waited for US jobs. report for October.

A telephone call between Donald Trump and Chinese President Xi Jinping on Thursday, November 1, as well as statements by Washington and Beijing, suggested that the two sides move closer to a trade compromise when the duo will meet later this month. at the G-20 Summit in Argentina. Trump said the talks "were progressing well" while Xi said on state television that the two sides should "promote a plan that both sides can agree to reach a consensus on the issue of trade between the two sides." China and the United States ".

Dow Jones Industrial Average contracts jumped 250 points, S & P 500 futures advanced 20.40 points and Nasdaq futures 10.25 points higher.

The US economic calendar on Friday includes non-farm payrolls for October at 8:30 am ET. Economists surveyed by FactSet expect the US to add 190,000 jobs to their payroll last month, more than the 134,000 jobs in September affected by Hurricane Florence. The unemployment rate is expected to remain at 3.7% in October. Hourly earnings are expected to increase by 3.1% year-over-year in October.

The schedule also includes the trade deficit for September at 8:30 am and factory orders for September at 10 am.

2. – Apple drops after the disappointment of its turnover

Apple lost 5.7% of its off-market sales on Friday, after fourth-quarter iPhone maker's profit and fourth-quarter revenue surpassed Wall Street's estimates, but its revenue outlook first quarter are disappointing.

Apple earned $ 2.91 per share in the fourth quarter, exceeding estimates of $ 2.78. Revenues for the quarter were $ 62.9 billion against forecasts of $ 61.46 billion.

The tech giant sold 46.9 million iPhones during the quarter, slightly less than the consensus forecast of 47 million.

For the current quarter, Apple expects revenues of 89 to 93 billion dollars. Analysts expected sales of $ 92.94 billion. Apple cited slowing growth in emerging markets and the strengthening of the US dollar as factors affecting weaker-than-expected prospects.

The shares were also a resounding success after Chief Financial Officer Luca Maestri said on Thursday that Apple intended to end its historic practice of dividing iPhone, iPad and Mac device volumes.

"Globally, the largest publicly traded company in the world has had another strong quarter, with the iPhone, which we consider to be the" razor ", generating impressive sales, and the revenue stream from the Services segment, or "the razor's edge" continued its momentum, "said Jim Cramer and MORE Action Alerts team, which holds Apple in its portfolio. "We make these comparisons with Apple hardware and services because we think the stock description needs to be more accurately assessed than a consumer goods company, and we have a hard time finding one that matches at these growth rates. "

3. – Starbucks goes up while sales in comparable stores increase by 4%

Starbucks Corp. (SBUX) jumped 9.2% in terms of pre-market trading, after fourth-quarter earnings and sales exceeded expectations.

The coffee giant posted an adjusted profit of 62 cents per share, exceeding Wall Street estimates by 60 cents. Revenues were $ 6.3 billion, exceeding expectations of $ 6.27 billion.

"Starbucks' record performance in Q4 reflects a significant improvement in virtually all critical operational metrics compared to Q3," said CEO Kevin Johnson. "We are sticking to a clear growth agenda, focusing on our long-term growth markets in the US and China," he added.

Comparable global sales increased 3% in the quarter, while same-store sales in the United States jumped 4%, better than expected. Sales in China increased 1% over the previous year – in the previous quarter, they had dropped 2%. The performance in China is remarkable given the concerns about Chinese growth.

Starbucks said the average ticket during the quarter was up 5%.

Starbucks announced adjusted earnings for fiscal year 2019 of $ 2.61 to $ 2.66 per share, while specifying that global growth in comparable sales in 2019 could be in the lower part of current expectations, either between 3% and 5%.

4. – The results of Alibaba, Exxon and Chevron released on Friday

Alibaba Group Holding Ltd.'s second quarter fiscal net profit. (BABA) rose 13 percent to 20.03 billion yuan, or 6.78 yuan per share. The stock rose nearly 6% in pre-market trading.

Newell Brands Inc. (NWL) reported third-quarter adjusted earnings of 81 cents per share, exceeding estimates of 65 cents, and raised its outlook for adjusted earnings for 2018. Shares rose 5.4% in transactions premarket.

Reports on the results are also expected Friday from Exxon Mobil Corp. (XOM) and Chevron Corp. (CLC).

5. – Kraft Heinz loses ground

A summary of Thursday's results:

Kraft Heinz Co. (KHC) lost 7.9% of its pre-market sales after adjusted earnings of 78 cents per share in the third quarter, lower than Wall Street's expectations of 3 cents. The revenue of the food company stood at $ 6.38 billion, against forecasts of $ 6.31 billion.

CBS Corp. (CBS) earned $ 1.24 per share on an adjusted basis in the third quarter, up 2 cents from the estimates. Media company revenues increased 3% to $ 3.26 billion; Analysts expected a turnover of 3.25 billion dollars. The stock fell 2.2% in pre-market trading on Friday.

GoPro Inc. (GPRO) fell 14.2% after the maker of action cameras announced a business figure of between $ 360 million and $ 380 million in the fourth quarter, less than analysts' estimates, estimated at $ 393 million. For the third quarter, GoPro recorded an adjusted loss of 4 cents per share, a value lower than that estimated by analysts, which predicted a loss of 6 cents. The third-quarter sales figure decreased 13.3% to $ 285.9 million.

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