Stocks
Stocks

Stocks

21
Apr

US 500 Retraces After PMI Data

US futures fluctuates amid mixed corporate earning results and as investors are evaluating latest economic data. Today, PMIs in the US came higher than expected with the manufacturing index at 50.4 and services at 53.7. Values above 50 points suggest that the US economy is still strong and in the expansion cycle, which increases chances […]

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21
Apr

Stock of the week

Netflix (NFLX.US), US video streaming company, reported Q1 2023 earnings earlier this week and they turned out to be a disappointment. While headline results were mostly in-line with expectations, slowing subscriber growth raised concerns and triggered a drop in company’s shares. However, was the report  really that bad? Let’s take a look at the details. […]

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20
Apr

Tesla Drops 10%

Share price of Tesla (TSLA.US) is under pressure today following release of a lackluster earnings report for Q1 2023. Company reported an over-20% drop in profit compared to a year ago quarter as underutilization of new factories and higher costs put pressure on margins. Stock launched today’s cash trading almost 7% below yesterday’s cash close. However, […]

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20
Apr

Mixed Earnings From American Express (AXP.US)

American Express (AXP.US), a US financial services company specializing in payments cards and a Dow Jones member, reported earnings for Q1 2023 ahead of the Wall Street session open today. Headline results from the company turned out to be mixed – EPS missed median estimate while revenue came in above expectations. Quick summary of American […]

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20
Apr

Momentum Lost After Hawkish Comments From Central Bankers

The major indices in the US seem to lose momentum after still hawkish comments from central bankers of major economies and tight monetary policy, which is starting to affect macroeconomic data. Today, investors already got familiar with two economic data: During the ECB meeting most bankers agreed to hike rates by 50 bps. However, some […]

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20
Apr

Technical Analysis DAX30

The German leading index is coming under increasing pressure. W1 chart The DAX future / DE30 is falling today, pulling back from the high for the year, which was reached yesterday at 16,056 points. The record high remains the key resistance – the gap is around 400 points. In case of further losses, the breakout level at […]

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19
Apr

Subscription Growth Dropped Sharply For Netflix

Nefflix (NFLX.US) delivered a mixed Q1 financial report yesterday, presenting lower-than-expected revenue and slightly higher-than-forecast earnings. In 2022, Netflix’s declines foreshadowed weakness in technology company stocks. Will that be the case this time as well? The stock lost 2% before the open, and the bulls managed to stop the first 10% plunge after the report. Revenues: $8.16 […]

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19
Apr

Travelers (TRV.US) Gains 4% in Premarket After Q1 Earnings

9TRV.US) The Travelers Companies (TRV.US), US insurance company and a Dow Jones index member, reported Q1 2023 earnings today ahead of the Wall Street session open. When it comes to headline results, the earnings report turned out to be mixed. Nevertheless, shares of the company trade around 4% higher in premarket today. Let’s take a […]

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19
Apr

Tesla Q1’23 Earnings Ahead

Tesla (TSLA.US) will release its Q1’2023’19 results today after the trading session, reporting on a quarter in which the company recorded a record number of deliveries. The market consensus is for Tesla’s revenue to reach $23.54 billion. This would represent year-over-year growth of approximately 24%. Market expectations in terms of EPS are for $0.87 per share.  Tesla […]

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19
Apr

Eurozone HICP Inflation and Earnings Ahead

The futures market is pointing to a slightly lower opening to the European cash session. The mood in Europe was spoiled in the morning by the UK CPI inflation reading, which surprised with a higher-than-expected headline CPI reading and a core CPI reading in line with expectations. The high inflation in the UK has further […]

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