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After weeks of relentless selling the market provided a decent rally to end the week. The S&P 500 saw a nice jump rising 3.44% during Friday’s trading session. This may provide investors and traders some positive momentum for the beginning of the week. Whilst the market is still holding a down trend, it was able to bounce of the bottom of the...
Accenture (ACN) reported its latest financial results before the market open in the US on Thursday. The Irish-American professional services company reported revenue of $16.159 billion for the third quarter of fiscal 2022 vs. $16.04 billion expected. Earnings per share missed analyst expectations for the quarter at $2.79 per share vs. $2.86 p...
Adobe Inc. (ADBE) announced its latest earnings results after the closing bell on Thursday for its second quarter fiscal year 2022 ended June 3. The American software company reported revenue of $4.386 billion for the quarter (up 14% year-over-year), beating analyst forecast of $4.345 billion. Earnings per share also reported above analyst ex...
What is an ETF Most people have heard of ETFs but not everyone knows what they are. An ETF is an Exchange Traded Fund and they are extremely popular amongst retail investors and novice investors. Companies such as Beta shares, Vanguard, Blackrock and others create and manage these holdings on behalf of investors. An ETF is a collections of stock...
Oracle Corporation (ORCL) reported its latest financial after the closing bell in the US on Monday. The company beat both revenue and earnings per share estimates, sending the stock price higher. The US software and hardware manufacturer reported revenue of $11.84 billion for the quarter (up by 5% year-over-year and up 10% in constant currency) ...
NIO Inc. (NIO) reported its first quarter financial results before the market open in the US on Thursday. The Chinese electric vehicle maker reported revenue of $1.563 billion in the first quarter (up by 24.2% year-over-year), topping analyst estimate of $1.561 billion. Loss per share reported at -$0.12 per share, lower than the -$0.15 loss p...
Blackstone Minerals Limited’s Ta Khoa project is drumming up a lot of interest among banks and analysts who have recently taken a tour of the site. Among the tour group lies Vietnamese’s largest conglomerate, Vingroup. Vingroup has interests in real estate, automotive industry, healthcare and other sectors with a combined market capitali...
The USA has seen a peculiar instance of widespread baby formula shortages. In many states around the country, more than half of the formula has been sold out in stores. Across the entire country, 40% of the formula is out of stock. Causes Firstly, and quite tragically, there were recently two infants who died from a rare infection associated ...
The US technology sector rose again last night and worked back the losses from the previous day of trading as the market came to grips with the Federal Reserve’s announcement surrounding interest. Tesla was a standout performer and has seen a huge rise in the last week rising more than 20% and rising 7.91% overnight. The Nasdaq moved up 1.95%. Th...
Global indices ended the week on a high as the US indices all recovered some of their recent sell offs. The Nasdaq was the strongest performer rising 2.05% to close the week. For the week, the index was able to recover some of its recent selling, finishing up 8.18%. It was also the Technology sector's best week since November 2020. However, it i...
The Dow Jones closed flat after another volatile day. The Nasdaq and the S&P 500 finished 2.04% and 0.74% lower respectively, as tech continued its sell-off and the Nasdaq confirmed its Bear market. The European markets performed a little better as optimism that the worst of Ukraine and Russian conflict may have passed. The FTSE moved up 0.5...
Oracle Corporation reported its fiscal 2022 third quarter financial results after the closing bell on Wall Street today. The US software and hardware manufacturer reported revenue of $10.513 billion vs. $10.506 billion expected. Earnings per share at $1.13 per share, falling short of analyst estimate of $1.18 per share. The company also an...
JD.com Inc. (JD) announced its fourth-quarter earnings numbers on Thursday. The Chinese e-commerce company reported revenue of $43.422 billion (up by 23% year-over-year), slightly above Wall Street analysts forecast of $43.186 billion. Earnings per share reported at $0.35 per share vs. $0.28 per share expected. ''We are pleased to finish t...
Iron ore prices have continued to rally to a six-month high this week, due in part to reports of potential easing of China’s strict COVID-19 policy and their signs of improved steel demand. The Singapore Exchange has the iron ore futures price reaching $165 USD a tonne on Tuesday, this is the highest level since July 2021. The price inc...
Gold has seen a resurgence in the past few weeks on the back of inflationary pressure and geopolitical tensions in Ukraine and Russia. Prior to the conflict, the price of Gold was hovering around $1,800 USD per ounce. After pushing through $2000 USD per ounce the price is now moving closer to its all-time high at $2070. The rise in other commodi...