Increases in the US, markets are recovering from the worst trading day this year

The US Stock Exchange opened the day with slight gates, following reports of the spread of the Corona virus in the east, an increase in the number of dead in China and the number of infected people.

Markets are recovering from one of the negative days since the beginning of the year, Germany is up 0.35%, France is up 0.45% on a volatile trading day. In Asia China and Hong Kong the stock exchanges continue to be closed on holiday, tomorrow the Hong Kong Stock Exchange will return to the country according to the authorities. In Asia, exchange rates were down, Japan’s Japan fell another 0.5%, Seoul weakened 3.1%.

The gold is losing ground as markets recover, an ounce price is trading at $ 1,573. Oil is recovering after a succession of price declines, a Light Crude barrel is trading at $ 53.5 a barrel (a $ 1.2 correction from 24 Wax ago).

Shares in headlines

M3 (MMM) is down about 2% in early trading after the fourth quarter results are released. The company reports earnings per share of $ 1.95 against expectations of $ 2.1. The numbers include 20 cents for a 1,500 employee cut-off plan. The company’s revenue missed the projections.

Pfizer (PFE) is down 2% in early trade after missing out on Q4 reports. The company reports 55 cents a share against 58 cents. The company’s revenues, on the other hand, bypassed market forecasts. The injury to the bottom line came because of the loss of exclusivity in the “lyric” pain medication.

Motorcycle maker Harley Davidson (HOG) plummets over 6% in early trading after missing its fourth-quarter sales forecast with 3.1% slumping in the last 3 years.

Poleta Group (PHM) residential construction company outperformed forecasts by 5 cents and posted $ 1.14 earnings per share. The company’s revenue bypassed forecasts and new orders jumped 33%. The company’s shares rise 1.5% in early trading.

United Technologies (UTX) reports earnings of $ 1.94 per share in the fourth quarter of this year against $ 1.84. The company’s revenues bypassed forecasts and sales jumped 8%.

Xerox (XRX) reported earnings of $ 1.33 per share for the fourth quarter of this year versus $ 1.11. The company’s revenue slightly exceeded market expectations and the company gave an annual forecast for 2020 better than expectations.

Delphi Tchlogis (DLPH) manufacturer of the auto parts segment received a tender offer for shares from its competitor Burgo Werner (BWA). The deal is valued at $ 3.3 billion and at $ 17.39 a share, a 77% premium from the closing price last night.