Earnings
Earnings

Earnings

09
May

Stock Watch  Airbnb (ABNB.US)

The largest lodging company that does not own a single property, we are talking about Airbnb (ABNB.US) has demonstrated its ability to scale the business effectively, achieving profitability for the first time in 2022 while simultaneously improving margins. In addition, ultra-low rates may be placed on your 2026 convertible notes, while competitors may be left looking for possible […]

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05
May

Stock Watch (AAPL.US)

Apple (AAPL.US), iPhone manufacturer, reported earnings for fiscal-Q2 2023 (calendar Q1 2023) yesterday after the close of the Wall Street session. Results turned out to be better-than-expected, thanks to a beat in iPhone sales. Company has also announced a $90 billion increase in buyback programme as well as increase in quarterly dividend for the eleventh […]

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05
May

Bolivian senate approves ‘gold law’ aimed at bolstering foreign reserves

LA PAZ (Reuters) – Bolivia’s senate early on Friday morning gave final approval to a so-called “gold law” aimed at strengthening the country’s foreign currency reserves. The legislation, which was supported by the ruling party and allows the central bank to monetize its gold reserves, will now be sent to President Luis Arce to sign […]

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28
Apr

The Morning Market Wrap

AUDJPY caught a bid following the BoJ meeting as the Japanese yen slumped. The pair extended the recovery move launched yesterday and climbed above the 50-session moving average. Source: xStation5

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28
Apr

Mastercard Beats Expectations But, Dampened by DOJ Report

Payment card industry giant Mastercard (MA.US) reported Q1 results that beat analysts’ expectations. At the same time, however, news broke of an antitrust investigation by the U.S. Department of Justice (DoJ), which is investigating the debit card program in the U.S. and the company’s relationship with rival payment networks. The company said it will cooperate with the […]

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27
Apr

Stock Watch – First Republic Bank

First Republic Bank (FRC.US) returned to the spotlight this week following the release of Q1 earnings report on Monday evening. Release showed a scope of damage done to the bank amid recent US banking turmoil and highlighted that the bank has not yet fend off a risk of collapse. This has triggered an around-50% plunge on […]

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27
Apr

U.S 100 Tests 13,000pts Ahead of GDP Data

📣US GDP report for Q1 2023 (1:30 pm BST) is the final key data releases ahead of next week’s FOMC decision US economy is slowing but a number of parts of the economy are still showing solid data. This is especially true for jobs market as well as the services sector. However, recent data releases […]

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27
Apr

Met Platforms on a Wave of Quarterly Results

Big-tech companies are extending the wave of publishing surprisingly good quarterly results. Yesterday, Meta Platforms (META.US) boasted its results, managing to post a surprising increase in revenue, raising its full-year guidance and announcing that it will further strengthen its commitment to developing new AI solutions. All of this saw the company’s shares rise more than 12% in […]

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26
Apr

Shares of Boeing (BA.US) are trading over 3% higher in premarket today after the company reported financial data for Q1 2023. Results turned out to be a positive surprise. While core loss per share turned out to be deeper than expected, the company managed to deliver a solid revenue beat. Moreover, cash burn at the […]

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26
Apr

Shares of Activision Blizzard (ATVI.US) Slump 10% in Premarket

Shares of Activision Blizzard (ATVI.US), US video game company, are plunging 10% in premarket today. Slump was triggered by the decision of the UK regulator to block a $69 billion takeover of the company by Microsoft (MSFT.US).  The UK Competition and Markets Authority (CMA) said that antitrust concerns could not be solved by proposals made […]

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