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Rivian Q2 results have arrived
Rivian Automotive Inc. (RIVN) announced its Q2 financial results after the closing bell in the US on Thursday. The American automaker reported revenue of $364 million vs. estimate of $335.378 million. The company reported a loss per share of -$1.62 per share vs. -$1.63 per share expected. ”The second quarter of 2022 represented important...
Disney company tops Wall Street estimates
The Walt Disney Company (DIS) reported the latest financial results for its third fiscal quarter after the closing bell on Wednesday. World’s largest entertainment company reported revenue of $21.504 billion for the quarter (up 26% year-over-year), topping Wall Street forecast of $20.994 billion. Earnings per share reported at $1.09 per sha...
Coinbase reports disappointing results for Q2 – the stock is falling
Coinbase Global Inc. (COIN) released its financial results for Q2 after the market close in the US on Tuesday. The company reported revenue that fell short of Wall Street expectations at $808.325 million for Q2 vs. $873.82 million expected. Coinbase reported a loss per share of -$4.98 per share vs. -$2.47 loss per share expected. ''Q2 was ...
US equities and bonds drop ahead of key US CPI figure and Rate-hike odds rise
US equitiy markets were jittery on Tuesday as traders await todays closely watched inflation figures out of the US. All major Indices declined with the rate and risk sensitive Nasdaq taking the biggest hit dropping 1.2%, selloffs in heavyweight Tesla (TSLA) and Nvidia (NVDIA) created further pressure for the tech index. Todays core and headlin...
Bitcoin showing signs of a reversal.
Bitcoin has seen a large tumble in its price since it reached its peak of 70,000 USD, however there are signs that the price may be ready to break out of its downtrend. Background With rising inflation and a tense geopolitical climate, growth equities and risk assets have felt the pinch and Bitcoin has been right in ...
Oil Companies Record Profits in question
In a time when you consumers could potentially be feeling domestic budgets tighten up, by the result of surging high inflation and rise in prices of commodities, you would be forgiven to be receiving the news that some of the biggest oil companies in the world, have acquired record profits with some skepticism, you would even question if these ...
Barrick Gold beats Q2 estimates – sends the stock price higher
Barrick Gold Corporation (GOLD) reported its latest financial results before the market open in the US on Monday. One of the world’s largest gold producers reported revenue of $2.874 billion vs. $1.178 billion expected. The Canadian company reported earnings per share of $0.24 per share for Q2, also beating analyst estimate of $0.23 per sha...
Four Australian Stocks to Watch
Today, we are going to be looking at some Australian stocks to watch, there has been positive activity in the Australian market over the last couple of weeks, after a fresh round of bank earnings and stronger than expected retail data helped major U.S. indices pare recent losses. So, there’s plenty of activity to discuss, however, we are going to...
BNPL sector showing signs of a reversal after monstrous selloff
The Buy Now Pay Later, (BNPL) sector has seen a resurgence after a long and brutal sell-off. The reason for, much of the resurgence is not related to any specific catalyst but rather, changing sentiment within the broader market. The sector rose significantly before and during the Covid-19 pandemic. However, as the pandemic came...
Cyclical assets stumble on hawkish Fedspeak and BoE recession forecast
US stock Indices were mixed and ultimately little changed overnight with growth concerns taking centre stage after the Bank of England’s sustained recession forecast and Fed governor Mester again reiterating the central banks resolve in bring down inflation. Mester stated that she sees it as not unreasonable to see a 75bps hike in September and e...
Alibaba posts better-than-expected results
Alibaba Group Holdings Limited (BABA) reported its latest financial results before the market open on Thursday. The Chinese e-commerce giant reported revenue of $30.689 billion for the quarter vs. $30.364 billion expected. Earnings per share were reported at $1.75 per share vs. $1.60 per share expected. Daniel Zhang, Chairman and...
Preview: Non-Farm Payroll announcement
It’s the beginning of a new month which means that the Non-Farm Payroll figures will be released by the US Bureau of Labor Statistics. The latest US jobs data for July will be released at 1:30pm London time on Friday. Why is the announcement important? Non-Farm Payroll is one of the most closely watched indicators. It is considere...
What is going on with Taiwan?
What is going on with Taiwan? Taiwan is back in the news after US speaker of the house Nancy Pelosi visited the country causing a fiery reaction from the mainland of China. Historical background In order to understand the causes of the China/Taiwan tension, some historical perspective is needed. The current te...
Moderna Q2 results announced – the stock gets a boost
Moderna Inc. (MRNA) reported its Q2 financial results before the opening bell on Wall Street on Wednesday. The American biotechnology company posted results that beat expectations, sending the stock higher at the open. The company reported revenue of $4.749 billion for the quarter vs. $4.097 billion expected. Earnings per share reported at...
USDJPY ready to bounce or retrace further.
USDJPY ready to bounce or retrace further. The USDJPY has been recently provided great buying opportunities for traders. However, in recent days it has posted its largest drop since beginning the current upward at the beginning of January 2021. The question remains, is this just a standard retracement or is it a symbol of a much bigger...