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Tesla is the world’s most valuable auto stock. It will release its Q3 earnings today, and a key focus will be on gross margins. The company has cut its prices multiple times recently to drive sales, combat a slowing economy and fight the increase in competition. Wall Street is looking for an EPS of 72c and turnover of $23.9bn, however not at the expense of much poorer margins.
Apple shares have begun the week on the backfoot as reports indicate that the iPhone15 may be seeing some weakness in China. According to analysts at Jefferies, iPhone sales have experienced a significant decline in the double-digit range when compared to the iPhone 14 Pro. This drop can be attributed, at least in part, to the launch of Huawei's latest offering, the Mate 60 Pro, which hit the market in…
FXCM’s US.AUTO basket is under pressure as the UAW strike continues. The basket has dropped into its bearish channel between the lower blue and red bands and the RSI has dipped below 50 (green rectangle). The longer the RSI remains below 50, the more pressure the basket will be under.
The streaming pioneer is having a great year, as the strategic changes helped it reassert its dominance, but its stock dropped in Q3 and breaches key tech levels ahead of the latest earnings report
Banks kicked off earnings season last week. JPMorgan Chase (JPM.us), Citigroup (C.us) and Wells Fargo (WFC.us) beat earnings estimates. They posted better than anticipated net interest income, with lending outpacing payments to depositors. Also contributing to earnings was better business from capital markets.
News around a sale of the popular British football club and publicly traded company continue to swirl, while its former icon David Beckham talked in favor of an ownership change
UK regulators have approved Microsoft’s $69bn acquisition of Activision Blizzard, which removes the last hurdle for the deal. However, the Competition and Markets Authority said the deal won’t include cloud gaming rights and said in a statement today that, “The new deal will stop Microsoft from locking up competition in cloud gaming as this market takes off, preserving competitive prices and services for UK cloud gaming customers.”
The electric vehicle leader releases its earnings for the third quarter of the year on Wednesday October 18, having already reported a significant drop in deliveries and production for the same period
The US airliner reported solid Q3 2023 results, with a surge in profitability due to the strong summer demand, but lowered its full year guidance due to rising fuel expenses
TD Cowen has maintained an Outperform rating for Nvidia. The analyst team has increased its price target from $600 to $700 per share. This represents close to a 50% premium from current price levels and suggests a strong growth story behind artificial intelligence and its development.
Rivian (RIVN.us) shares remain under pressure with its price candlesticks below its black 30-week EMA and the EMA turned down. Its weekly RSI is also below 50 (green rectangle), suggesting a negative underlying momentum.
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