The stock price of Zoom Video Communications started the day with an opening 13.20% below the previous market closing price. Namely, a drop from $97.49 down to $84.62 occurred. The reason for the event was the publication of the company's quarterly results. Despite beating earnings per share by 10.51%, the total revenue of the company failed to meet expectations. In general,
Prior to Tuesday's US trading start, Nvidia announced that the company expects its second quarter revenues to decrease by 19.00%, compared to the previous quarter. The decline of income has been caused by a 44.00% drop in the gaming sector. The company's stock reacted to the news with an opening at $175.40, which is 7.21% lower than the Friday's closing
The British multinational communications, advertising, public relations, technology, and commerce holding company WPP has released its second quarter earnings results. The quarterly results missed market expectations During the first two hours of London trading the stock price lost 8.17% or 72.8 GBP. The company has missed its earnings per share estimate by 2.12%, but the major hit to the stock occurred
Uber has announced that for the first time ever the company had managed to turn its cash flow positive. The stock price of the company jumped 16.51% at the start of trading at 13:30 GMT.
The stock price of Carnival Cruises has suffered a major drop, as during European trading hours on the London stock exchange the stock price plummeted 5.80%. The decline was caused by the management of the company announcing a new share issue. Namely, the company is raising cash to cover its liabilities each time the stock price surges by issuing
On Tuesday, July 19, the stock price of EDF jumped by 15.00% at the start of the day's European trading. The surge was caused by news that the French government would buy out the debt ridden company for a total of 9.7 billions Euro. In the meantime, note that the stock has been recovering, as talks of an upcoming buyout
On Tuesday, the stock price of FedEx surged by 14.18% or $28.52. The surge occurred due to the company making an announcement prior to the US market opening. The parcel delivery firm added two new directors to its board and raised its quarterly dividend by 50.00%. Namely, as the yield of holding the stock surged, its value immediately adjusted. In
At the start of Monday's trading, the stock price of Twitter plummeted 5.20% or $2.08. The start of trading with a gap down was caused by Elon Musk requesting more information from Twitter about fake accounts and being denied the info. As a result the potential buyer stated that he might not acquire the firm unless the information is
At the start of Thursday's US trading hours, Microsoft stock plummeted 3.88% or 10.55 USD, as the company lowered its 2022 profit forecast. In general, the company revealed that it is suffering majorly due to the high value of the US Dollar. Namely, its services export unit is charging outside the US its clients in other currencies, which are
During the pre-market hours the stock price of Target plummeted by nearly 25.00%. The drop was caused by the company reporting that its quarterly profits had decreased by half, compared the previous quarter. CEO of the company Brian Cornell stated that the company's profits suffered due to rising fuel prices and a decline in consumer demand.
At the start of Wednesday's US trading hours, the stock price of Netflix dropped nearly 30.00%. The drop was caused by the quarterly earnings report, which revealed a decline in subscriptions, increase in costs and an expectation of further subscriber decrease. In the aftermath of the initial drop, the price was approaching the 2018 low level at 233.63.
As the French food company Danone published better than forecast quarterly earnings, the stock price of the firm started a surge. By the middle of Wednesday's trading, the stock price had gained almost 10.00%. The company's quarterly sales increased by 7.10%, compared to a market forecast of 5.50%. The company also announced that despite ongoing increase in food prices it would
On Monday, the Bank of Japan was the cause of an all-out decline of the value of the Japanese Yen. The USD/JPY surged more than 150 base points or 1.20% during Monday's first half of trading. The central bank decreased its economic forecasts for eight out of nine regional economies. The Governor of the Bank Haruhiko Kuroda stated that the
On Thursday, crude oil prices declined by 7.07%, as the US President Joe Biden announced that the US Government would release the country's strategic oil reserves. However, the price for US Light Crude oil did not reach below $100.00 per barrel mark or even touch the Tuesday's low level at $98.60. Moreover a 7.07% daily move has become the norm
In general, the USD/CAD spiked up 115 base points and it is not clear why. There were no such moves on other USD assets, which indicates that it is the weakness of the CAD that caused the spike up. Some news outlets attribute it to the comments on macroeconomic policy made by the Bank of Canada Deputy Governor Sharon Kozicki
At the start of Tuesday's UK trading hours, the stock price for Barclays plummeted almost 5.69% or 9.14 GBP. The move was caused by an anonymous investor dumping a total of 3.00% of the company's whole stock. The investor remained anonymous by executing the sale through Goldman Sachs.
The stock price of EQT Corporation jumped due to the news that the United States and the European Union have made a deal on Liquified Natural Gas sales. EQT is one of the large producers of this type of gas in the US. Meanwhile, on the daily candle chart, the stock broke a channel up pattern, which captures the surge
On Monday, the Swiss National Bank announced that it would intervene into the currency markets to keep the value of the Swiss Franc down. The currency has experienced recent safe haven inflows due to the war in Ukraine. The USD/CHF reacted to the news with a 0.50% surge during a period of less than two hours.
On Monday, Tyson Foods revealed its quarterly earnings to be at $2.87 per share, compared to the estimate of $1.93. The stock price reacted to the news with a 12.46% surge. In general, the company made such profits due to the ongoing surge in inflation and, namely, food prices. Tyson Foods is one of the largest meat processors in the
At the start of Wednesday's US trading, the price for Alphabet hit a new all-time high level at $3,030.00. The stock jumped at the start of trading due to better than forecast quarterly earnings report. The company has grown its year-on-year revenue by 40.00%.
At the start of Wednesday's US trading hours, the stock price for AMD jumped more than 10.00%. The surge occurred due to better than forecast earnings report. Namely, earnings were higher by 21.15% than forecast, as Earnings per share came in at 0.92, compared to an estimate of 0.76. Meanwhile, Revenues increased by 6.71%.
After Tuesday's US trading hours, PayPal published the company's quarterly results. In general, PayPal revealed that growth of the company had continued to decline. The stock price reacted with a 15.00% drop in the afterhours. Due to that reason a gap opening down was expected on Wednesday. Total payment volume increased by 23% to $339.5 billion in the last quarter. Meanwhile,
On February 1, UPS published record quarterly earnings and hiked their dividend rate. The stock price reacted to the new with a 14.29% jump.
The stock price of LVMH jumped by 5.27% at the start of Friday's trading, as the company announced that its sales growth had accelerated in Q4.