Consumer spending is in full focus on Thursday after United Parcel Service Inc. and Mastercard Inc. said they were optimistic about macroeconomic uncertainty. But the real test comes after the bell, as the Amazon.com Inc. reports.
UPS, + 5.35%
Executives said the company was more productive during the peak holiday season this year, and the shipping giant continues to benefit from investment in automation. Despite the geopolitical headwinds, "ecommerce" offers all sorts of opportunities, "said Chief Executive David Abney, Inc. The company's latest initiative in the consumer space is a partnership with Shop Runner, through members of UPS's" My Choice "UPS program for are entitled to a two-day delivery by the service.
MA, + 3.96%
admitted that there had been a "recent decline in consumer confidence" in several European countries, but the company prevailed and accelerated dollar volume growth , The company was more positive than Peer Visa Inc., which shook investors this morning with its outlook.
But the last report comes after the bell: Amazon
AMZN, + 3.37%
only partially met the holiday expectations and will break this pattern.
Other Notable Reports
• Hold on to ongoing profits, General Electric Co.'s
GE, + 14,34%
The stock will see its largest increase of one day in more than a decade. The deciding factor was the strong performance of the company's aerospace and renewable energies, which far outweighed earnings growth.
• Marlboro losses do not impact Altria Group Inc.
MO, + 1.60%
Stocks that rose despite mixed news on Thursday.
• Hershey Co. is not that cute.
HSY, + 0.08%
but the company claims that its acquisitions of parent companies Skinny Pop and Pirate's Booty are posting "strong growth".
COP, + 2.33%
spent a bit more on capital spending than some on Wall Street may have liked, according to Mizuho analyst Paul Sankey, but the oil company's shares rose higher on Thursday.
• In one of the last reports, Celgene Corp.
experienced strong growth in drugs that treat psoriasis and multiple myeloma. Bristol-Myers Squibb Co.
BMY, + 0.77%
announced earlier this month to buy Celgene.
• Aerospace companies have mixed signals in recent days, most recently Northrop Grumman Corp.
NOC, + 0.16%
with a disappointing forecast.
• Charter Communications Inc.
CHTR, + 13.83%
plans to lower its investment, and Moffett Nathanson analyst Craig Moffett said the company "legitimately resumes growth history."
• Sprint Corp. ] S, + 3.89%
had the worst wireless number of mobile networks in the holiday quarter, Walt Piecyk of BTIG said with 26,000 customers. But AT & T Inc.
T, + 1.45%
was weaker during the year.
After the Bell
Look for Amazon promotion information during the e-commerce giant win promotion. According to Susquehanna's Shyam Patil, Amazon has quietly built an advertising powerhouse by boosting the hiring and improvement of its technology. These improvements could lead to "significant growth," especially in sponsored products.
Also on the Docket are the cybersecurity names Proofpoint Inc.
PFPT, + 2.10%
and Symantec Corp.
Proofpoint has adapted its distribution practices to accommodate its growing size, emphasizing international distribution. Look for the impact of these changes, which Alex Henderson of Needham calls "the right move" in the long-term, even if it affects operating margins.