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Zoom tops estimates and raises full-year forecast
Zoom Video Communications Inc. (NASDAQ: ZM) released its latest financial results for the third fiscal quarter after the market closed in the US on Monday. Company overview Founded: April 21, 2011 Headquarters: San Jose, California, United States Number of employees: 8,484 (January 2023) Industry: Tech Key people: Eric Yuan (Cha...
November 21, 2023Read More >Walmart earnings results announced
The world’s largest supermarket chain Walmart Inc. (NYSE: WMT) released third quarter earnings results before the market opened in the US on Thursday. Walmart beat Wall Street estimates for both revenue and earnings per share (EPS). Company overview Founded: July 2, 1962 Headquarters: Bentonville, Arkansas, United States Number of e...
November 17, 2023Read More >Target tops estimates – the stock is soaring
Target Corporation (NYSE: TGT) released Q3 financial results before the market open in the US on Wednesday. The US retail giant beat both revenue and earnings per share (EPS) estimates for the previous quarter, sending the stock higher. Company overview Founded: June 24, 1902 Headquarters: Target Plaza Minneapolis, Minnesota, United S...
November 16, 2023Read More >Home Depot shares rise after earnings
Home Depot Inc. (NYSE: HD) released its latest financial results before the opening bell in the US on Tuesday, beating analyst estimates for the third quarter. Company overview Founded: February 6, 1978 Headquarters: Atlanta, Georgia, United States Number of employees: 471,600 (2023) Industry: Retail Key people: Ted Decker (Pres...
November 15, 2023Read More >Global market recap: Asian-Pacific futures edge up after Wall Street’s decline.
The Asian-Pacific financial markets are bracing for a potentially modest opening on Friday, undeterred by the negative performance witnessed in US indices the previous night. This downturn was spurred by remarks from Federal Reserve Chief Jerome Powell, who suggested that existing interest rates might not be restrictive enough. Powell's comments tr...
November 10, 2023Read More >Li Auto beats Q3 expectations
Li Auto Inc. (NASDAQ: LI) released Q3 results before the market open in the US on Thursday. Let’s take a look at how the Chinese company performed. Company overview Founded: 2015 Headquarters: Beijing, China Number of employees: 19,396 (2022) Industry: Automotive Key people: Li Xiang (Chairman and CEO), Yanan Shen (President),...
November 10, 2023Read More >Disney results announced – the stock is up in the after-hours
The Walt Disney Company (NYSE: DIS) reported its fourth quarter and full fiscal year 2023 results ending September 30, 2023, after the market close in the US on Wednesday. Company overview Founded: October 16, 1923 Headquarters: Team Disney Building, Walt Disney Studios, Burbank, California, United States Number of employees: 220,000 ...
November 9, 2023Read More >Uber results have arrived
Uber Technologies Inc. (NYSE: UBER) released its latest earnings results before the market open in the US on Tuesday. Let’s see how it performed in Q3. Company overview Founded: March 2009 Headquarters: San Francisco, California, United States Number of employees: 32,800 (2022) Industry: Transportation, food delivery Key peopl...
November 8, 2023Read More >Apple’s after-hours earnings blip dents otherwise positive sentiment.
US markets bounded higher on “do no harm” data, with broad based gains across all major indices and continued positive earnings, with November starting off particularly well and hopes building that we will break a three-month losing streak for US equities. It has been a fraught week for investor nerves, with a plethora of potentially signif...
November 3, 2023Read More >Meta Platforms exceeds Q3 expectations
Meta Platforms Inc. (NYSE:META) announced its latest financial results after ther market close in the US on Thursday. Marc Zuckerburg’s company crushed analyst estimates for the quarter. Let’s take a closer look at how the company and the stock has performed. The results Meta reported revenue of $34.146 billion for Q3 (up by 23% year-over...
October 30, 2023Read More >US Markets take a hit and Aussie gives back CPI gains.
US markets took a big hit overnight after a mixed bag of earnings were released from the tech sector. Google’s parent company, Alphabet, took a 9.5 percent hit in yesterday’s session after releasing some disappointing earnings numbers on their cloud computing business. The $1.5+ trillion company has enough weight to pull down the indices wit...
October 26, 2023Read More >S&P 500 attempts to hold onto a key support level.
The S&P 500 index is currently teetering on the edge, desperately holding onto a crucial support level. This level has proven its resilience with two prior bounces, so traders are keeping a close eye on whether it can endure the pressure once more. After enduring four consecutive red days, there was a sigh of relief overnight as the market mana...
September 26, 2023Read More >Apple breaks down below key level in pre-market on China iPhone ban woes
A -3.5% slide in AAPL stock price pre-market is seeing the tech giant looking to continue this weeks sell-off after a Bloomberg report that Chinese authorities plan to broaden iPhone restrictions to a number of state-owned companies and other government-affiliated entities. This comes after Wednesday saw the largest one day drop in AAPL stock in ov...
September 7, 2023Read More >DAX cools after higher-than-expected inflation, but technically it still looks bullish.
The DAX cooled off in yesterday’s session off the back of higher-than-expected German inflation data. With analysis expecting the Year-on-Year rate to fall to 6%, the actual number was higher at 6.2%. This has raised some concerns over the fight against inflation in Germany, putting an end to the three-day green streak for the DAX. Techni...
August 31, 2023Read More >Upcoming Nvidia earnings: Has the AI hype cooled?
Nvidia has been the star of the US markets since the AI hype kicked off late 2022. The trillion-dollar chip manufacturer’s shares have almost tripled in 2023 alone, with the price increasing every month so far this year. In May, Nvidia surprised the markets by posting earnings and revenue figures well above analysts’ expectations. This se...
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