[Morning Report] Atlanta Fed President Nike, which is expected to cut interest rates once in the fourth quarter, fell drastically outside of hours, and sales declined unexpectedly for the March-May fiscal year

moomooニュース米国株 wrote a column · Jun 27 18:06

[Morning Report] Atlanta Fed President Nike, which is expected to cut interest rates once in the fourth quarter, fell drastically outside of hours, and sales de...

Good morning to all moomoo users!Here are the key points of this morning's first report.
● [Tokyo Stock Exchange Rate Forecast Range] 39,000 yen - 39,700 yen (closing price 39,341 yen 54 sen on the 27th)
● Atlanta Fed President Expected to Cut Interest Rates Once in the Fourth Quarter
● The confirmed US GDP value for the fiscal year ending January-March was revised upward to +1.4%, and private consumption was revised downward
● Amazon to send cheap Chinese products directly to US consumers to counter SHEIN
● Nike weakens drastically outside of hours, revising the full-year forecast for an unexpected decline in sales for the March-May fiscal year
● Walgreens received financial results and the forecast for earnings per share during the period of significant ease was revised downward
● Buy on software stocks and review purchases accelerate due to the decline in semiconductors involving AI
— MooMoo News Kathy　　

Market Overview
In the US stock market on the 27th, the NY Dow Jones Industrial Average continued to rise to 39,164 dollars 06 cents, 36 dollars 26 cents higher than the previous business day. The Nasdaq Composite Stock Price Index rose 53.528 points to 17,88.684. The Tokyo stock market on the 28th was bought back over a wide area, starting with major stocks, and there seems to be a high probability that the Nikkei Stock Average will rebound.

Top news
Atlanta Fed President Expected to Cut Interest Rates Once in the Fourth Quarter
The statement of the Bostic Atlanta Federal Reserve Bank President was conveyed, and it was reiterated that interest rates are expected to be cut once in the fourth quarter.

The confirmed US GDP value for the fiscal year ending January-March was revised upward to +1.4%, and private consumption was revised downward
The confirmed US GDP figures for the fiscal year ending January 1 to 3 announced at 9:30 p.m. on the 27th Japan time were revised upward to +1.4% per annum compared to the previous fiscal year, as expected. Meanwhile, private consumption was revised downward.
Related articles:The decline in private consumption in GDP is an ominous sign for the US economy

Amazon to send cheap Chinese products directly to US consumers to counter SHEIN
paddy $Amazon(AMZN.US)$The plan is to launch a service that directly delivers low-cost clothing and daily necessities made in China from warehouses in the same country to American consumers. The aim is to counter SHEIN (SHEIN) and Temu (TEM), online shopping platforms from China known for their cheap prices.

Nike weakens drastically outside of hours, revising the full-year forecast for an unexpected decline in sales for the March-May fiscal year
Major US sporting goods companies in the US stock market after closing on the 27th $Nike(NKE.US)$It has fallen drastically compared to the closing price. Since financial results for the fiscal year ending 3-5 (fourth quarter) have sunk into an unexpected decline in sales, they are disgusted by the fact that revisions were made to the full-year earnings forecast for the fiscal year ending 2025/5.

Walgreens received financial results and revised downward the earnings forecast per share for the period of significant ease
Handles drugstores and healthcare $Walgreens Boots Alliance(WBA.US)$is drastically cheaper. Financial results for the fiscal year ending March to May (3rd quarter) were announced before the start of trading, and although sales exceeded expectations, profit per share fell short of expectations. The forecast for earnings per share has been revised downward according to guidance for the full year. It was explained that severe trends in the pharmacy industry and environmental deterioration for American consumers were reflected as a background to the downward revision.