Economic Updates

Economic Updates

Apple reaches a new record and beats expectations

Apple Inc. (AAPL) reported its fiscal 2022 first quarter ended December 25, 2021 after the market close on Wall Street on Thursday. The company beat both revenue and earnings per share estimates, sending the stock higher in the after-hours trading. Apple reported total revenue of $123.945 billion (an all-time revenue record and up 11% year-ov...

January 28, 2022
Read More >
Firebrick Pharma debuts on ASX

An Australian pharmaceutical firm that's developing a world first virus-killing nasal spray has made its debut on the ASX. It was founded in 2012 by Dr Peter Molloy and Dr Stephan Goodall with the mission to develop a nasal spray that killed all germs (viruses or bacteria) such as the common cold. It plans to bring its latest breakthrough ...

January 28, 2022
Read More >
Citigroup reports Q4 results

Citigroup Inc. (C) reported its 2021 Q4 earnings before the opening bell on Friday. The world’s 15th largest financial services company topped Wall Street analyst expectations. The company reported total revenue of $17 billion in Q4 vs. analyst forecast of $16.84 billion. Earnings per share reported at $1.46 per share vs. forecast of $1.39 per...

January 17, 2022
Read More >
Nike latest numbers are in

Nike Inc. (NKE) reported its fiscal 2022 financial results for its second quarter ended November 30, 2021. Let’s take a closer look at the numbers. The US sporting goods company reported revenue of $11.36 billion in the quarter (up by 1% from the same period last year) vs. $11.25 billion expected. Earnings per share was at $0.83 a share (up...

December 22, 2021
Read More >
Alibaba financial numbers fall short of expectations

Alibaba Group Holding Ltd. (BABA) reported its latest financial results for the quarter ended September 30, 2021 before the market open on Thursday. The Chinese e-commerce giant posted disappointing results, falling short of analyst expectations. The company reported revenue of $31.123 billion (up by 29% year-over-year) vs. $31.658 billion expec...

November 19, 2021
Read More >
Beyond Meat Q3 numbers fall short of expectations

Beyond Meat Inc. (BYND) reported its third-quarter financial results after the closing bell on Wednesday. The plant-based company posted disappointing results, falling short of Wall Street analyst expectations. The company reported revenue of $106.4 million (12.7% increase year-over- year) vs. $109.2 million expected. Loss per share at $0.87 a s...

November 11, 2021
Read More >
Apple reports Q3 results

Apple reported their Q3 financial results after the closing bell on Thursday, missing Wall Street analyst expectations. The company reported revenue of $83.36 billion on the third-quarter (up by 29% year-over-year), below analyst forecast of $84.85 billion. Earnings per share at $1.24 a share, in line with the forecast. iPhone revenue at $3...

October 29, 2021
Read More >
Coca-Cola beats Wall Street estimates for Q3

The Coca-Cola company reported their Q3 financial results before the opening bell on Wednesday. The company reported total revenue of $10 billion on the third quarter of 2021, beating analyst forecast of $9.75 billion. Earnings per share also topped analyst expectations on Wall Street at $0.65 per share vs. $0.58 per share expected. ''Our str...

October 28, 2021
Read More >
I’m lovin’ it – McDonald’s tops Q3 expectations

McDonald’s reported their third-quarter financial results before the opening bell on Wednesday, topping Wall Street analyst expectations. The fast-food company reported total revenue of $6.20 billion in the quarter vs. $6.04 billion expected. Earnings per share at $2.76 a share vs. $2.46 a share forecasted. The company also reported a 7% in...

October 28, 2021
Read More >
Goldman Sachs top Q3 expectations

Goldman Sachs reported their third quarter financial results before the opening bell on Friday. The company topped Wall Street analyst expectations, beating both total revenue and earnings per share estimates. Total revenue was reported at $13.61 billion vs. $11.68 billion expected. Earnings per share at $14.94 a share vs. $10.18 per share forec...

October 18, 2021
Read More >
Earning season continues – US banking giants report Q3 results

The third quarter earnings season is heating up nicely over in the US, with some of the world’s largest banks reporting their latest financial results. Morgan Stanley, Bank of America Corp, Citigroup, and Wells Fargo & Co reported their numbers before the opening bell on Thursday. Morgan Stanley The company reported total revenue of $14...

October 15, 2021
Read More >
Global equities and risk currencies slide in September

September saw a major shift to risk off, with global equity markets having their worst month of 2021. Risk sentiment linked currencies and cryptos also performed poorly as the traditional seasonal weakness of September, increasingly hawkish central banks and other macro issues weighed on investor sentiment. Global Equities September lived up to...

October 6, 2021
Read More >
Coal Price Effect on Newcastle Coal Futures NCF1

As a trader the penny should now have dropped regarding the importance of energy stocks. Geopolitical issues around the world, especially surrounding Ukraine and Russia, has pushed energy stock prices to all time heights. This is due to supply chains being affected by the ongoing conflict. Newcastle Coal Futures, (NCF1) illustrate the increa...

September 21, 2021
Read More >
Equity and FX markets whipsaw between risk on and risk off

In August equities and risk currencies dipped as fears of slowing global growth, rising Delta strain cases and tapering of loose monetary policy from central banks saw the markets switch to risk off mode. With some milder inflation figures from the US and central banks seemingly backing off imminent taper talk for now, we did see risk on return in ...

August 30, 2021
Read More >
XPeng tops earnings expectations for Q2

XPeng reported its Q2 financial results before the opening bell on Thursday, beating analyst expectations. Let’s take a closer look at the numbers. The company reported total revenue of $582.50 million in the second quarter, above analyst forecasts of $515.55 million. The total revenue was up by 536.7% from the same period last year and 27.5% ...

August 27, 2021
Read More >