Articles
Stocks dump, yields rise as market reprices rate-hike roadmap ahead of Jackson Hole
US equites suffered a steep decline in Mondays session in a broad sell-off that saw the Nasdaq leading the charge lower dropping 2.6% as global risk appetite was pressured by growth and energy supply concerns. The S&P 500 is now down over 200 points since the price was rejected at the 200 day SMA last week. Yields rose sharply a...
Zoom reports Q2 results – the stock dips
Zoom Video Communications Inc. (ZM) reported its latest financial results after the market close on Wall Street on Monday. The US communications technology company reported revenue of $1.10 billion for the second quarter (up by 8% year-over-year), falling short of $1.117 billion expected. Earnings per share reported at $1.05 per share vs. $0....
Qantas outlook report
Overview Qantas is Australia’s national carrier and the largest and oldest airline in the country. With the Qantas group comprising of Jetstar, Qantas, QantasLink, its frequent flyer service and a freight service, the airline is the sector leader domestically and a global competitor in the international aviatio...
AUD drops on Employment Figures
The Aussie Dollar has seen a drop in its price due to wage and unemployment data released over the past day and a half. The economic data shows that unemployment has fallen to its lowest level in nearly 50 years with the jobless rate at 3.4% compared to analysts expecting the figure to remain at 3.5%. Wages also rose modestly in the last quarter to...
Dive Into a Music Streaming Giant
By now Spotify is hugely synonymous with providing music to the masses. We have all either, in one shape or form, listened to a song on Spotify or a podcast. They are not strangers to us, but somehow, we may overlook them when it comes down to making investments, but that could well change, if the future plans of the corporations are achieved. ...
Disney’s Resurgence & Streaming Plan
Disney is a huge name synonymous with providing movies, TV series and allowing children to live out their fantasies and playing out their dreams within their iconic parks. We have all either, in one shape or form watched a film or series produced by Disney’s huge conveyor belt of production. They are not strangers to us, but somehow if you as...
Less hawkish Fed stems equity losses after UK CPI shock
US equites finished lower on Wednesday after a double digit CPI figure out of the UK saw traders ramping up their hawkish central bank pricing. The July FOMC minutes released late in the session softened the blow somewhat on the back of some participants noting the risk that the Fed could tighten more than necessary, this was seen as dovish, or mor...
Target falls short in Q2 – the stock is down
Target Corporation (TGT) reported its second quarter earnings results before the opening bell on Wall Street on Wednesday. The US retailer reported revenue of $26.037 billion (up 3.5% year-over-year), which was slightly above analyst estimate of $26.032 billion. Earnings per share reported at $0.39 per share (down 89.2% year-over-year) vs. $0...
US Indices hit three-month highs on solid Walmart earnings, meme stocks pump and dump
US got off to a flying start in Tuesdays session after retail giant Walmart (WMT.NYSE) reported much better results and forward guidance than the recently lowered expectations of analysts, sending the stock soaring over 5%, and dragging the whole consumer discretionary sector with it. See Analyst Klavs Walters Walmart report for an in depth view...
Walmart tops expectations for Q2 – the stock is up
Walmart tops expectations for Q2 – the stock is up Walmart Inc. (WMT) announced its Q2 financial results before the market open on Wall Street on Tuesday. World’s largest supermarket chain reported results that exceeded analyst expectations, sending the stock price higher. The company reported revenue of $152.859 billion (up by 8.4% ye...
Oil continues its sell-off as it drops after weaker Chinese and US economic figures
Oil has continued its tumble from its March 2022 high of $131 per barrel down to $82 a barrel. The drop has been in response to weak economic figures from China and the USA which has added to the recessionary anxiety gripping the market. Furthermore, as Iran edges closer to a nuclear deal, the removal of economic sanctions on the country may be ...
Li Auto Q2 results are here
Li Auto Inc. (LI) reported its unaudited second quarter financial results on Monday. The Chinese automaker fell short of analyst estimates for the quarter. World’s 16th largest automaker reported revenue of $1.207 billion vs. $1.416 billion expected. The company reported a loss per share of -$0.04 for the quarter vs. -$0.02 loss per share ...
The week ahead –RBNZ, RBA and FOMC in the spotlight and set to drive the AUD, NZD and USD
US equity markets finished off the week with a blockbuster of a session, pushing all the major indices to a 4th straight week of gains with the growth heavy Russell 2000 (+4.93%) outperforming the “Value” Dow (+2.92%) hammering home that risk on was the overriding narrative of the week. This was the first time since November 2021 that the b...
USDJPY provides potential trade after holding a key Fibonacci level
The USDJPY has been in an extremely strong upward trend since September 2021. This pair's recent price action has also been charactarised by relatively weak retracements as it has trended higher. Inflationary pressures have acted as a strong catalyst for the USD against most other currencies further aided by the Federal Reserve taking a strong stan...
US stocks give up early gains as bulls fail to hold key support and yields rise
US indexes finished mixed with early gains on a post CPI honeymoon and a soft PPI were erased during the session as investors realised they may have become too optimistic about a Fed pivot, with the drift lower in risk coinciding with a sharp rebound in bond yields. The closely watched 50% fib retracement level from the January all-time high to ...
