Mastercard (MA.us) announced an increase in its dividend and another share buyback program. MA.us will raise its quarterly dividend to 66c (57c), which is a 16% increase. It will also repurchase $11bn of its own stock once its current $9bn plan is completed – there is $3.5bn still outstanding.
Spotify (SPOT.us) will lay off 17% of its workforce to cut costs. About 1,500 workers are affected, with this being the third round of layoffs for the year. This will considerably lower the spend on salaries and other employee associated costs.
In the first half of November, the GER30’s RSI broke above the green downsloping green trendline at 1. This suggested that positive momentum was expanding. This was confirmed by the index crossing above its black 30-week EMA and the EMA’s direction shifting upwards at 2. These are regarded as positive developments and the longer that the weekly RSI maintains above 50, the greater the underlying momentum support for the GER30.…
General Motors (GM.us) stock is looking set to outperform Ford (F.us). The relative strength chart, with GM.us as the numerator and F.us as the denominator, has bullish developments. The green 5-week EMA has crossed bullishly above the orange 10-week EMA (blue circle) and the RSI has crossed to the bullish side of 50 (blue rectangle).
The EV leader started on Thursday deliveries of its futuristic Cybertruck, after multiple delays and production challenges, but focus shifts towards cheap and mass-produced EVs
Air traffic has been recovering from the pandemic plunge, helping airlines boost their balance sheets and plane manufacturers increase their output, but can they carry the momentum into 2024?
Salesforce has been the best performer in the Dow Jones Industrial Average (US30) for 2023. Its relative strength began in mid-January (blue dashed vertical).
The SPX monthly chart has charted a higher trough (HT) followed by a higher peak (HP). This denotes that the SPX500’s primary trend is an uptrend. With only 3 days left until the end of the month, the SPX 500 is up over 8.8% for November. This has resulted in a large blue monthly candle (candle 1). Candle 2 is a bullish reference candle i.e. it has the lowest low…
Watch today’s US Open for insights for commentary on the UK budget and its impact on GBP/USD, Nvidia’s blockbuster results and more
The tech-heavy index dropped yesterday after the Fed’s minutes showed no discussion around rate cuts, but finds support today, boosted by another blowout quarter by AI facilitator Nvidia
The chip giant posted new record top and bottom lines on Tuesday on strong demand for its artificial intelligence infrastructure and projects further growth ahead, despite negative impact from US trade curbs
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