EN
Featured
ExxonMobil exceeds analyst estimates for Q2 – the stock gains
ExxonMobil Corporation (XOM) reported its second quarter financial results before the opening bell on Wall Street on Friday. The oil and gas giant topped Wall Street expectations for the second quarter of 2022. The company reported revenue of $115.681 billion vs. $111.302 billion expected. Earnings per share reported at $4.14 per share vs....
US dollar drops as the economy shrinks by 0.9% for the last quarter.
US economic data revealed last night shows that the country’s GDP has shrunk by 0.9%, although some are remaining positive that a recession may still be avoided. Despite the worrying figures, Federal Reserve Chair, Jerome Powell, outlined his belief that due to low unemployment figures of 3.6% and a strong market for jobs with 11 million job open...
Mastercard beats Wall Street expectations
Mastercard Incorporated (MA) reported its latest financial results before the opening bell on Wall Street on Thursday. The US financial services company reported revenue of $5.497 billion in Q2, beating analyst estimate of $5.267 billion. Earnings per share reported at $2.56 per share vs. $2.36 per share expected. ''We had strong...
Pfizer tops estimates for Q2
Pfizer Inc. (PFE) reported its Q2 financial results before the market open in the US on Thursday. World’s third largest pharmaceutical company topped both revenue and earnings per share estimates for the quarter. The company reported revenue of $27.742 billion in Q2 (up 47% year-over-year) vs. $25.487 billion expected. Earnings per share...
Equities, gold, crypto and oil soar, Dollar dumps as Powell tilts dovish
As expected, the Federal reserve hiked rates 75bp on Wednesday as the Fed battles to control record inflation whilst attempting to avoid a deep recession. Markets were relatively behaving as expected on the decision and statement up until the Fed chair Powell’s presser anyway. Whilst Powell reiterated the Feds mission to tame inflation stateme...
Meta earnings results are in – the stock falls in the after-hours
Meta Platforms (META) announced its Q2 financial results after the closing bell in the US on Wednesday. The social media giant fell short of analyst expectations for the quarter. Revenue reported at $28.822 billion in Q2 (down by 1% year-over-year), vs. analyst estimate of $28.908 billion. Earnings per share at $2.46 per share (down by 32%...
Wall St tumbles on recession fears, the Fed in focus
US equities sold off throughout the session in risk-off trading with a backdrop of corporate warnings from heavyweights Walmart (WMT) and McDonalds (MCD) , weak economic figures and a downbeat tone from Europe as their gas squeeze continues. A larger than expected decline in U.S consumer confidence, down for a third straight month, saw the narra...
Tech and Bitcoin drop, Oil and Gas jump in mixed US session
US stocks were mixed in a quiet session, the Dow and S&P 500 eked out small gains whilst against a backdrop of a the Federal Reserve meeting on Wednesday, the Tech heavy Nasdaq saw a modest decline. With a news quiet Monday behind us, there is a full calendar ahead with a slew of corporate earnings and of course the big one, the FOMC policy ...
The Week Ahead – The FOMC, inflation and growth all in the spotlight
After a turn around in equity markets last week, where the S&P 500 was up over 2%, The Federal reserve will take centre stage this week along with a slew of inflation and growth figures coming out of developed economies looking to set the market tone. It’s a big week ahead for the US with the July FOMC meeting being the highlight, but also...
Wall st rallies on tech lead, ECB turns hawkish, kind of
Tech stocks led US equities higher overnight, the Nasdaq rallied 1.3% making it three up sessions on the trot, led by tech heavyweights Amazon (AMZN) and a blockbuster session from Tesla (TSLA) which finished up almost 10% after a positive earnings report. Weak US figures saw a drop in Treasury yields as rate hike expectations took a d...
Short Term Break Out on the S&P500
The S&P 500 has been battered and bruised in one of the worst first half of the years in history. However, there are some signs that it may be turning. A short term long buying opportunity on the SPY looks to be apparent. With the recent bullish sentiment due to the market believing that much of the forecast slowing growth and interest rate ...
US equities rally despite European pessimism , BOJ, ECB preview
The short squeeze continued in the US overnight as equites were well bid during the cash session seeing a second straight rise as slowly improving investor sentiment seeing the S&P 500 close up 23 points or 0.6%. In Europe, things were not so rosy , with political issues in Italy and fears of Russian gas being curtailed after the Nord Stream...
Tesla delivers in Q2
Tesla Inc. (TSLA) announced its latest financial results after the market close on Wall Street on Wednesday. World’s largest automaker reported solid results for Q2 of 2022. Revenue reported at $16.934 billion vs. $16.539 billion expected. Earnings per share also exceeded Wall Street expectations at $2.27 per share vs. $1.81 per share es...
Sour Apple wrecks tech as recession fears see USD soften
US stocks took a sharp dive at the end of their session with the Nasdaq swinging from +1.5% to -1% on the day, the move lower conincided with a report on the newswires the Apple plans to slow hiring and curb spending next year to prepare for a possible recession. This is being taken as a sign that the Federal Reserve’s tightening plans are sta...
The Week Ahead – Central banks in focus, can the ECB or BOJ surprise?
Friday’s session saw a big rally in US equities as rate markets pared back some the pricing in of a 100bp hike at the next FOMC meeting after the red hot CPI figures on Wednesday. Fed hawks Waller and Bullard both hinted they favour a 75bp hike, and with the Fed blackout meeting now in effect until the meeting on July 27, this looks like a don...