At the start of the year, the stock price of Boeing plummeted as the firm had issues with safety compliance that resulted in stopped production, checks and eventually even the US Congress got involved. However, the situation calmed, and the stock started to recover from May up to early August. In early August, more bad news came, as issues
European Central Bank's (ECB) upcoming Thursday's policy meeting will include the announcement of the Euro's base interest rate, the Main refinancing rate. It will affect all the EU and rest of financial markets as well. In general, the markets expect a rate cut, as slow European growth forecasts suggest that there is a need for capital cost reduction. Meanwhile, the
The stock price of Oracle is set to start Tuesday's trading with a jump of $11.00 or 7.90%. The reason for the gap up are the quarterly financial results and future expectations. Quarterly earnings per share are $1.39 instead of forecast $1.332. Meanwhile, the total revenues were 0.56% above expected. Moreover, the company expects its income to continue to grow, as
US tech stocks declined on Tuesday, as a major sell-off occurred that was attributed to various reasons. Some quoted the start of a new month as the reason for the sell-off. Some blamed the lack of earnings in the tech sector. Meanwhile, others shorted the major head and shoulder pattern that was seen on all stock indices. The biggest looser
Wells Fargo has downgraded Boeing's stock. The stock has been downgraded to underweight with a price target of $119.00, which is 32% below the current price. The bank has indicated that the bank's income of $10 billion might be delayed by two years. Moreover, Boeing is set to spend $30 billion on the development of a new aeroplane. The news caused
The world's largest chip company Nvidia has reported higher than expected quarterly earnings and revenue. However, supposedly due to missing gross margin forecast, the stock was sold off in the after-market and pre-market hours. Namely, the larger market participants, not the retail sector, has been disappointed with Nvidia. In the meantime, some market commentators have expressed the view that the
This week, on Wednesday, Macy's stock plummeted more than 14.00%. The shares reacted to the company's quarterly financial results. The firm beat its earnings per share by 64.51%. EPS were $0.54 instead of expected $0.32. However, the devil is in the details. The firm did not manage to beat its revenue expectations, as it experienced a bigger than forecast
The major US retailer and biggest shareholder of JD.com has sold its entire stake of the company's stock. The sale amounts to a total of $3.74 billion. This stock sale has caused a 9.00% drop of JD.com stock in the Hong Kong stock exchange. Meanwhile, the US listed stock has dropped more than 7.00% in pre-market trading. In general, Walmart has
The stock price of Walmart has surged due to the company announcing a beat of its quarterly financial result forecasts. The stock price has surged 7.17% or $4.92. Earnings per share were forecast to be at $0.646. Actual earnings are $0.67. Meanwhile, total revenues were expected to be $168.565 billion. Released number is $169.335 billion. The firm has managed to
The US pharmaceutical firm Eli Lilly has announced a stunning financial quarter, as the firm has managed to increase production of weight loss drugs. The stock price of the company was set to start Thursday's trading with a gap up of nearly 9.00%. The company has been experiencing major demand for its weight loss drugs. However, it had struggled
The Friday's sell-off has accelerated. The Japanese financial markets have crashed overnight. The US Dollar index is approaching the 102.00 mark, pushing other currencies up. Meanwhile, the US stock market is crashing, as the volatility index, which is called the fear index, is above the 60.00 mark. Due to the drop of the US Dollar, various peer currency pairs have
The online retailer Amazon reported its quarterly financial results after Thursday's trading hours. In general, the firm has reported a slow-down in growth of sales, which disappointed investors and caused a stock decline. The company has suffered a decline in revenue growth due to lower demand for cloud computing services, sticky inflation and high borrowing costs. The stock price
The stock price of Meta is set to start the day's trading with a $33.66 or 7.09% gap up. The gap up will occur due to the company reporting higher than expected quarterly financial results. The firm has managed to pass the earnings per share expectations by revealing EPS of $5.16 instead of the market forecast $4.717. Meanwhile, total revenues
Semiconductor giant Advanced Micro Devices reported quarterly results after yesterday's US market close. In general, the firm has managed to beat quarterly expectations, which is causing a surge. The news are the reason for $11.91 or 8.61% gap up of the stock price. In general, the earnings numbers reveal a minor increase of the firm's value. On a quarter on quarter
The stock price of Microsoft is set to start the day's trading with a drop, despite beating quarterly earnings expectations. In general, the company has given up most of its revenue gains to higher costs, due to which the profit increase has been minor. Earnings per share were expected to show a reading of $2.937, but the actual number is
For the first time in three years, the global sales of McDonald's have declined. In addition, the company has missed its quarterly earnings expectations. Earnings per share were expected at $3.074, but actual earnings are $2.97. Total Revenues were estimated to be $6.623 billion. Actual revenues were $6.49 billion. However, the stock price of the firm surged on the news,
The stock price of Google parent company Alphabet started the day's trading at $173.81, which is a decline of $8.00 or 4.40%, compared to Tuesday's closing price. This decline is attributed to increasing costs. In general, Alphabet has beaten second quarter expectations for revenues and earnings per share. Revenues were estimated to be $84.22 billion instead of the actual $84.742
The stock price of the EV maker started the day's trading with a $21.32 or 8.65% drop, which is caused by the firm's quarterly financial results. Tesla has missed market analyst estimates for profit margins, as gross margin is at 14.6% instead of the expected 16.3%. In general, the firm cut its prices in order to boost demand. The price
The German automaker Porsche has announced that it is reducing its sales and profit expectations due to a sudden shortage of aluminium alloy in Germany. These news have caused a decline of the firm's stock price on the Frankfurt stock exchange. Porsche has not named the European contractor, which has hurt the firm's supply of aluminium. However, it has
The stock price of Tesla has extended the Monday's 6.05% surge by jumping at the start of Tuesday's trading. US trading session was started near the $220.00 mark. Tesla has reported its quarterly production numbers that have surpassed market expectations. TESLA INC: In the second quarter, we produced approximately 411,000 vehicles and delivered approximately 444,000 vehicles. Q2 MODEL 3/Y production 386,576
The price for gold suddenly plummeted starting from 08:00 GMT, as the price dropped from 2,373.80 down to 2,345.50. This move was caused by the reveal that the Chinese government has ended its 18 month streak of buying gold around the world in order to create reserves. Namely, a major buyer has just exited the market.
The Chief Financial Officer of ASML Roger Dassen has revealed that the firm expects new orders from its top customer Taiwan Semiconductor Manufacturing Company in the upcoming quarter. These news caused a 7.56% surge of the company's stock price. The price went from 872.90 EUR up to 940.00 EUR by mid-day.
Despite suffering a 10% decline in iPhone sales, Apple has managed to bear quarterly financial forecasts by a slight margin. However, the stock is surging due to a different reason. The company has announced share buybacks that would amount to a total of $110 billion. The earnings per share for the first quarter were forecast to be $1.505, but actual
On April 30, Amazon reported its quarterly revenues. Despite making more income than expected, the firm's stock is plummeting. In general, the trend that was observed in other companies has also impacted Amazon. Current quarter has been good, but the future looks bleak. Total net income increased a stunning 229.00% year on year. Sales in AWS grew 17.25%. However, quarter