Stock Market News – Netflix reports quarterly results after closing bell with earnings season in full swing

Posted on April 16, 2018 at 2:40 pm GMT

Entertainment company Netflix will release its earnings report for the first quarter of 2018 after Monday’s US market close. The consensus recommendation for the company is “buy”, in line with the average consensus recommendation for the Online Services peer group.    The provider of media streaming services is anticipated to have made $0.64 in earnings per share (EPS) during Q1 according to analysts submitting their forecasts to Thomson Reuters’ estimate system (the Institutional Brokers’ Estimate System – I/B/E/S) – an estimate [..]


European Open Preview – Risk appetite recovers despite US tariff news; eurozone inflation in focus

Posted on April 4, 2018 at 7:37 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index was practically unchanged on Wednesday, consolidating after it posted some notable gains yesterday amid a recovery in risk sentiment and a surge in longer-dated US Treasury yields. Kiwi/dollar was among the prime winners today, gaining 0.35%. The loonie surged yesterday as well, on the back of optimism that a NAFTA deal may be reached soon. STOCKS: US markets recovered sharply, helped by a combination of diminishing risks surrounding [..]


European Open Preview – Safe havens shine brightly, equities extend losses as China “strikes back”

Posted on April 3, 2018 at 8:04 am GMT

Here are the latest developments in global markets: FOREX: The US dollar traded 0.1% lower against a basket of six major currencies on Tuesday. Yesterday, the major mover was the Japanese yen, which surged on safe-haven demand, as trade concerns remained at the forefront. The Canadian dollar also gained amid speculation that the NAFTA talks could bear fruit soon. STOCKS: US markets sank once more yesterday, beginning the new quarter on the back foot as worries over protectionism and the [..]


European Open Preview – Stocks rebound, greenback lags to end holiday-shortened week

Posted on March 30, 2018 at 8:13 am GMT

Here are the latest developments in global markets: FOREX: The dollar traded 0.2% lower against a basket of six major currencies on Friday, with a public holiday in Europe and the US set to keep many traders away from their desks today, and liquidity in the FX markets thinner-than-usual. STOCKS: US markets closed higher yesterday, recovering some of the losses they posted earlier in the week. Technology stocks led the way higher for the most part, helped by some comments from the White [..]


Technical Analysis – Amazon stock creates all-time high; indicators endorse bullish bias

Posted on March 14, 2018 at 2:19 pm GMT

Amazon stock price recorded another all-time high of 1613.91 yesterday but ended the day in the red. Prices broke above the 1525 barrier over the previous sessions and are currently trying to post some gains. The bullish picture in the medium-term is further supported by the technical indicators. Short-term momentum indicators are also pointing to a continuation of the bullish bias. The MACD oscillator jumped above its trigger line with strong momentum while the RSI indicator is holding in the [..]


Stock Market News – Amazon hits record high above $1,500; market’s valuation equivalent to more than 2.5 Walmarts

Posted on February 22, 2018 at 2:58 pm GMT

Retail giant Amazon reached a fresh all-time high during Wednesday’s trading, exceeding $1,500. By the end of the session it lost some ground amid a broader market retreat, though it still finished the day higher, with its market capitalization settling at $717.9 billion. For a bit of perspective, retailer Walmart, whose stock price recorded losses after delivering an earnings miss earlier in the week, has a market cap of $271.1bn. Amazon is thus valued as 2.6 Walmarts at the moment. [..]


Stock Market News – Amazon, Apple & Alphabet quarterly results keep investors on edge

Posted on February 1, 2018 at 3:54 pm GMT

Corporate giants Amazon, Apple and Google owner Alphabet will be releasing earnings reports for the quarter ending December 2017 after Wall Street’s closing bell on Thursday. The consensus recommendations for all three stocks is “buy”, with the average consensus recommendation for Amazon’s Department Stores peer group being a “hold”, while Apple’s and Alphabet’s peer groups – Computer Hardware and Online Services respectively – are also holding a “buy” recommendation. Amazon’s quarterly EPS are expected to come in at $1.84, with [..]


European Open Preview – Optimistic Fed message does little for the dollar; major economies’ manufacturing PMI data due

Posted on February 1, 2018 at 8:51 am GMT

Here are the latest developments in global markets: FOREX: The dollar index traded 0.2% higher on Thursday, recovering some of its recent losses, buoyed by the Fed’s slightly more hawkish tone on the US economic outlook upon completion of its two-day meeting on monetary policy. STOCKS: Japanese markets skyrocketed, with the Nikkei 225 moving 1.7% higher and the Topix surging by 1.8%, both indices regaining some of the ground they lost in recent days. In Hong Kong, the Hang Seng was [..]


Stock Market News – Facebook and Microsoft eyed as earnings season continues

Posted on January 31, 2018 at 3:05 pm GMT

Technology heavyweights Facebook and Microsoft will be releasing financial results for the quarter ending December 2017 after Wednesday’s US market close, with the former also releasing full-year results. The consensus recommendation for both Facebook and Microsoft is a “buy”, with the average consensus recommendation for their peer groups – Online Services and Software respectively – also being a “buy”. Facebook’s quarterly EPS are expected to stand at $1.95, with analysts’ average EPS estimate being revised upwards from $1.94 over the [..]


Stock Market News – Pfizer in focus as earnings season remains under way

Posted on January 29, 2018 at 2:29 pm GMT

Pharma giant Pfizer will be releasing its Q4 2017 financial results before Tuesday’s opening bell on Wall Street. The consensus recommendation for the company is “hold”, with the average consensus recommendation for the Pharmaceuticals peer group being a “buy”.    Pfizer’s EPS are expected to come in at $0.56, with the average EPS estimate remaining unchanged over the last four weeks. If earnings are released as expected, this would reflect an increase of more than 19% relative to Q4 2016 [..]

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