Nike Quarterly Results Helped by China’s Reopening, but Profitability Underwhelmed
Sports apparel and equipment giant NIKE saw higher Revenues in Q4 FY2023, boosted by China’s rebound, but its bottom line disappointed markets
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Sports apparel and equipment giant NIKE saw higher Revenues in Q4 FY2023, boosted by China’s rebound, but its bottom line disappointed markets
On Wednesday, the Federal Reserve released the results of their annual bank stress test. All 23 banks that were included passed the test, weathering a severe recession scenario, continuing to lend to consumers and corporations.
Nvidia has gapped down on its open today following a report that the Biden administration may be considering a new ban on AI chips to China. The stock closed at 418.70 yesterday and opened on the cash market today at 406.60.
Take a look at some corporations that will be on our radar over the coming months, as the third quarter gets underway, amidst market optimism. These include tech giants Apple, chip maker Nvidia and more
Take a look at some corporations that will be on our radar over the coming months, as the third quarter and the new earnings season get underway, amidst market optimism. These include EV leader Tesla, streaming giant Netflix and more
On Wednesday, the Federal Trade Commission (FTC) filed a lawsuit against Amazon, accusing the leading e-commerce giant of deliberately deceiving countless customers to enroll in its Prime service and actively impeding their efforts to terminate their subscriptions.
The European Commission has said that Google’s advertising technology practices breaches EU antitrust laws. It has recommended that the company break up adtech, its ad business.
TSLA.us is up 145% since its January low. The stock is benefiting from enthusiasm around tax credits, its charging network, and the Cybertruck.
Netflix has moved passed its accumulation phase into a mark-up phase. It is trading above its black 200-day simple moving average, and, importantly, the SMA is pointing up. We have added On Balance Volume (OBV) as the indicator underneath the price chart. Volume is a measure of supply and demand. In this case both the price and OBV are coordinated and trending up. According to OBV theory, this connotes that…
The iPhone maker unveiled on Monday its long-rumored mixed reality goggles, the first major new product announcement, entering a market occupied mostly by Facebook-parent Meta and its Metaverse
EV makers are facing an adverse economic environment, but the market is set for continuing growth. As the next earnings season approaches, EV leader Tesla is well positioned to maintain its reign, but faces increasing competition from companies such as Ford, BYD and more
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