Economic Updates

Economic Updates

NVIDIA beats estimates

NVIDIA Corp. reported its fourth quarter financial results after the market close on Wednesday. The US technology giant reported revenue of $7.643 billion in the previous quarter (up by 53% from a year earlier) vs. $7.42 billion expected. Earnings per share reported at $1.32 (up 69% from a year earlier and up 13% from the quarter before)  vs...

February 17, 2022
Read More >
Cisco tops Wall Street expectations

Cisco Systems Inc. reported its second quarter results for the period ended January 29, 2022, after the closing bell on Wall Street today. The company topped both revenue and earnings per share estimates. Let’s take a closer look at the key numbers. Total revenue reported at $12.72 billion (up 6% year-over-year) vs. $12.664 billion expected. ...

February 17, 2022
Read More >
What just happened to Mark Zuckerberg’s Facebook and Meta?

Mark Zuckerberg and his company Meta Platform Inc (formerly known as Facebook) have been in the news recently, and it is often not good news. They might be able to attract some positive attention through their futuristic demonstrations of the Metaverse, but it is often the controversial news that gets the most attention. For example, how Instagram ...

February 11, 2022
Read More >
Disney tops Wall Street expectations

The Walt Disney Company (DIS) reported its first fiscal quarter ended January 1, 2022 after the closing bell on Wednesday. The US media giant reported total revenue of $21.819 billion (34% increase year-over-year), beating analyst estimate of $20.27 billion. Earnings per share at $1.06 vs. analyst forecast of $0.74. ''We’ve had a very st...

February 11, 2022
Read More >
Uber surpasses expectations in Q4

Uber Technologies Inc. (UBER) reported its Q4 2021 financial results after the market close on Wall Street on Wednesday. The company beat analyst estimates for both revenue and earnings per share. Total revenue reported at $5.778 billion (83% increase year-over- year) in Q4 vs. $5.346 billion expected. Earnings per share at $0.44, analysts we...

February 11, 2022
Read More >
Twitter falls short in Q4

Twitter Inc. (TWTR) reported its latest financial numbers before the opening bell on Wall Street on Thursday. Let’s take a look at how the social media company performed in the last quarter of 2021. The company reported total revenue of $1.567 billion in Q4, falling short of analyst forecast of $1.578 billion. Earnings per share reported in...

February 11, 2022
Read More >
Coca-Cola tops Wall Street estimates for Q4

The Coca-Cola Company (KO) reported its fourth quarter financial results before the opening bell on Wall Street on Thursday. The US beverage company topped analyst forecast, posting solid results for the last quarter of 2021. Total revenue reported at $9.47 billion vs. $9.005 billion estimate. Earnings per share reported at $0.45 a share vs. ...

February 11, 2022
Read More >
Pfizer Q4 results announced

Pfizer Inc. (PFE) reported its Q4 financial results before the market open on Wall Street on Tuesday. The world’s third largest pharmaceutical company reported total revenue of $23.838 billion in the previous quarter (105% increase from the same period in 2020), falling short of analyst forecast of $24.157 billion. Earnings per share report...

February 9, 2022
Read More >
How to identify key resistance levels

A resistance level is a key tool in technical analysis, indicating when an asset has reached a price level that market participants are unwilling to surpass. Resistance levels are often used in conjunction with support levels, or the point at which traders are unwilling to let an asset's price drop much lower. To understand this fully, it’s im...

February 8, 2022
Read More >
Identifying opportunities and managing risk with Autochartist

Autochartist's advanced chart pattern recognition can help you with identifying real-time trading opportunities and making more informed trading decisions. Founded in 2004, Autochartist is a financial market analytics company that leverages big data and proprietary technology to provide their services. They provide analytics for currencies, com...

February 8, 2022
Read More >
Amgen reports Q4 results

Amgen Inc. (AMGN) reported its fourth-quarter financial results after the closing bell on Monday. The US biotechnology company reported total revenue of $6.846 billion (a 3% increase from the same period in 2020), just shy of the analyst forecast of $6.868 billion. Earnings per share was reported at $4.36 (up 26% year-over-year), beating anal...

February 8, 2022
Read More >
Share buybacks and Dividends. How do they compare?

As a shareholder of any company, you can be rewarded by that company in the form of share buybacks and dividend pay-outs. These actions would often occur when a company is performing well and thus have the means to reward their shareholders. The company’s profits would also often be used to invest back into the company. Dividends have been...

February 7, 2022
Read More >
Bitcoin’s first official legal tender

On June 5th 2021, El Salvador President Nayib Bukele declared that Bitcoin, the first cryptocurrency, would become legal tender in El Salvador. A few days later, the Bitcoin Law was passed, to take effect September 7th 2021. Businesses would be required to accept Bitcoin for all payments. Salvadorians would need to apply for a digital wallet called...

February 4, 2022
Read More >
Amazon Q4 financial results are in

Amazon.com (AMZN) announced its fourth quarter results after the closing bell on Thursday. The company reported total revenue of $137.412 billion (9% increase vs. the same period in 2020) in the previous quarter, which was just shy of analyst forecast of $137.682 billion. Earnings per share reported at $27.75, above analyst forecast of $3.61 ...

February 4, 2022
Read More >
Meta fourth quarter numbers are in

Meta Platforms (FB) reported its fourth quarter financial numbers after the closing bell on Wall Street on Wednesday. The company reported total revenue of $33.671 billion (up by 20% year-over-year), above analyst forecast of $33.357 billion. Earnings per share at $3.67 (down by 5% year-over-year), falling short of analyst estimate of $3.85 p...

February 3, 2022
Read More >