Daily Market Comment – Stocks climb, dollar slips as Yellen makes case for more stimulus

Posted on January 20, 2021 at 9:53 am GMT

Stocks power higher after Yellen calls for more big spending to fight pandemic Risk assets rally ahead of Biden inauguration as reflation trade boosted Dollar under renewed selling pressure, gold capitalizes Yellen talks up big spending Risk appetite was riding high on Wednesday after Treasury Secretary nominee Janet Yellen reignited hopes of more massive stimulus packages in the United States in her confirmation hearing yesterday. Yellen went out of her way to make the case for higher spending to counter [..]


Netflix to report Q4 earnings amid slowing subscriber growth and price hikes – Stock Market News

Posted on January 19, 2021 at 1:36 pm GMT

Twenty-twenty was a year that nobody will want to remember, but for stay-at-home companies like Netflix Inc, their services were never in greater demand. When the steaming service provider reports its fourth quarter earnings on Tuesday (after the market close), it’s expected to report another solid set of results as the virus resurgence in many countries likely kept more people at home. However, with rising competition, revenue growth might not match the highs of recent quarters and investors will be [..]


Technical Analysis – Netflix stock faces SMA resistance ahead of Q4 earnings report

Posted on January 19, 2021 at 11:11 am GMT

Netflix’s stock has been volatile within the range of 457.45 – 574.68 since mid-June, though in the four-hour chart, the simple moving average lines (SMAs) seem to have been navigating the price to the downside over the past two weeks. The negative slope in the RSI and the trendless negative MACD are currently keeping the odds for a significant upside reversal minimal, suggesting that a drop towards the 61.8% Fibonacci level of the latest upleg at 493.10 could be more likely. If [..]


Daily Market Comment – Wall Street eyes Yellen testimony, dollar eases

Posted on January 19, 2021 at 9:31 am GMT

Stocks perk up after slow start to the week as focus turns to Yellen and earnings Hopes that Biden administration will spend “big” bolsters sentiment Euro steadies as Italian worries abate, dollar retreats Yellen to tell US lawmakers to “act big” After a sluggish start to the week, risk sentiment improved late on Monday as investors turned their attention on incoming Treasury Secretary Janet Yellen’s confirmation hearing before the Senate today (1500 GMT), while bracing themselves for a slew of [..]


Daily Market Comment – Stimulus deal moves closer; stocks cheer but dollar sags

Posted on October 21, 2020 at 8:58 am GMT

Talks continue on virus relief bill as Trump backs large stimulus Stocks rise but gains contained amid doubts about Republican support Dollar slumps to one-month low as euro soars, gold catches a bid too Markets anxiously await a stimulus deal Growing optimism that a bipartisan deal on a new coronavirus aid package in the United States is within reach lifted equities on Wednesday while investors dumped the safe-haven US dollar. Talks between House Speaker Nancy Pelosi and Treasury Secretary Steven [..]


Notes to keep ahead of Netflix’s earnings release – Stock Market News

Posted on October 20, 2020 at 3:18 pm GMT

Netflix is releasing its third-quarter earnings after the stock market close on Tuesday. The famous streamer got a boon from the coronavirus situation, with its shares topping at a fresh record high in July, but as we head towards the end of 2020 and competition increases, investors would like to learn if the company can maintain its outstanding performance in the coming quarters. The consensus recommendation tracked by Refinitiv is “buy” the stock. EPS to hit a record high  Netflix’s [..]


Market Comment – Fears grow about virus surge but stimulus hopes put a lid on risk-off

Posted on July 17, 2020 at 8:41 am GMT

US daily virus tally tops 77,000; escalation in Australia and Japan also worries investors Stocks tread water but stimulus and vaccine hopes keep bull market alive Euro on the backfoot ahead of EU stimulus decision No letup in new virus cases yet A continued surge in the number of new coronavirus cases being reported in hotspots around the world has taken the steam out of the risk rally this week, with not even robust data out of China and the [..]


Daily Market Comment – Dollar edges up, stocks slip as recovery doubts set in

Posted on July 16, 2020 at 8:51 am GMT

China’s GDP bounces back but signs of uneven recovery dampen sentiment White House’s tough line on China also a drag on risk assets Euro softer ahead of ECB; Stocks eye US earnings and retail sales for direction China returns to growth but weak spending worries markets As far as V-shaped recoveries go, China’s economic recuperation from the coronavirus couldn’t look more V-shaped. Gross domestic product (GDP) jumped by 11.5% over the quarter to June after collapsing by almost 10% in [..]


Netflix earnings: Beating a low bar, but storm clouds ahead – Stock Market News

Posted on July 14, 2020 at 1:26 pm GMT

The world’s leading streaming provider will announce its second-quarter earnings on Thursday after Wall Street’s closing bell, and investors will be eager to find out how many subscribers the firm added amid the lockdowns. Admittedly, that bar has been set pretty low, so Netflix will likely have an easy time beating the gloomy forecasts. If so, that would argue for a positive reaction in its shares. That said, the stock has already rallied a long way and is trading at [..]


Daily Market Comment – Stocks creep higher as terrible earnings loom; dollar slips further

Posted on July 13, 2020 at 8:50 am GMT

Stocks braced for disastrous earnings, but low bar sets stage for profit beats Dollar extends downward trajectory despite worrisome virus numbers Gold capitalizes on weaker greenback, but euro turns more cautious Worst earnings season ever? Equity markets were in a surprisingly chirpy mood on Monday, with little sign of distress ahead of what is expected to be the worst earnings season in at least 12 years. Banks will be the primary focus this week, with Citigroup, JP Morgan and Wells [..]

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