Category Archive: Finance, No picture
Billion Dollar Unicorns: Atlassian Prepares To Take On Servicenow
According to a Research and Markets report, the global enterprise collaboration market is estimated to grow 11% annually over the next five years to $53.83 billion by 2023 from $31.74 billion in 2018. The market is dominated by large enterprises, but the growth in SME adoption is expected to grow at higher rate in the coming years […]
Italy’s Budget Concerns Weigh On Euro – Tuesday, Oct. 23
The Euro slipped against the US Dollar, falling close to a two-month trough ahead of a European Commission meeting which will discuss the Italian budget problem. Analysts say that though it would be an unprecedented move, it is possible that the EU could decide to reject Italy’s budget and demand that it be changed to […]
Tesla Shares Could Rebound On Q3 Results, Bearish Barclays Analyst Says
Barclays analyst Brian Johnson, who has an Underweight rating on the shares with a $210 price target, says Tesla’s Q3 results could lead to a rebound in the stock. The analyst, however, expects a “drift down” in the shares on profit and cash worries until the earnings call. Johnson thinks Tesla can report stronger than […]
E It’s The Big One
The selloff started overnight in Australia and then spread to Hong Kong. It was just one day after China rolled out a bunch of stimulus measures which briefly boosted the stock exchange there. However, today the mood was skeptical, and HK’s share index lost over 4%, a stunning reversal.The rot then spread to other markets […]
Verizon Communications (VZ) Surpasses Q3 Earnings And Revenue Estimates
Verizon Communications (VZ) came out with quarterly earnings of $1.22 per share, beating the Zacks Consensus Estimate of $1.19 per share. This compares to earnings of $0.98 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 2.52%. A quarter ago, it was expected that […]
US Dollar Grinds At Resistance As Dow, S&P Re-Test The Lows
US DOLLAR TALKING POINTS: The US Dollar continues to hang near resistance at 96.04 after another earlier-morning test of this level, amounting to the fourth such instance already in October. This resistance comes from the 50% marker of the 2017-2018 bearish move in the currency, and this has proven a stubborn area for buyers. While this resistance […]
Further Defensive Action Initiated
The recent deterioration in the market has prompted defensive portfolio positioning. Near the close on Monday as it was appearing that the S&P 500 would have a second consecutive close below its 200 day moving average I placed a defensive trade for client portfolios. I’ve written countless posts about using the 200 DMA as a […]
McDonald’s (MCD) Q3 Earnings And Revenues Surpass Estimates
McDonald’s (MCD) came out with quarterly earnings of $2.10 per share, beating the Zacks Consensus Estimate of $1.98 per share. This compares to earnings of $1.76 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 6.06%. A quarter ago, it was expected that this […]
Richmond Fed Manufacturing: Moderate Expansion In October
Today the Richmond Fed Manufacturing Composite Index decreased to 15 for the month of October, up from last month’s 29. Investing.com had forecast 25. Because of the highly volatile nature of this index, we include a 3-month moving average to facilitate the identification of trends, now at 22.7, which indicates expansion. The complete data series behind today’s […]
