US Open – 31 October 2023 (Video)
Watch today’s US Open for insights on the new YCC tweak by the Bank of Japan, the further deceleration of price pressures in Eurozone, key incoming events and more
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Watch today’s US Open for insights on the new YCC tweak by the Bank of Japan, the further deceleration of price pressures in Eurozone, key incoming events and more
Tesla dropped by 4.79% yesterday to close at $197.36. The catalyst was a disappointing forecast from automotive chip maker ON Semiconductor, which said Q4 sales will be around $2bn, short of Wall Street’s expectations of $2.2bn.
The index closed last week in correction territory, as the quarterly results by tech giants were not enough to outweigh elevated yields, Fed risks and Middle East jitters, but rebounds today ahead of the Fed
Apple announces its Q4 FY2024 on Thursday November 2, in a challenging period for its business and the stock, which breaches key technical levels after a losing quarter
The SPX500 has charted a series of lower peaks followed by lower troughs on its weekly chart. This puts the weekly into a defined downtrend. Importantly, the down trend’s trendline has shifted down from the green trendline to the orange trendline. This indicates that the downtrend is accelerating. It is not surprising to see the weekly RSI on the bearish side of 50 (green rectangle). The longer it maintains below…
The ecommerce and tech giant posted another blockbuster quarter, with enhanced profitability, increased advertising sales and signs of stabilization in its cloud business
Watch today’s US Open for insights on the rate hold by the European Central Bank, the impressive Q3 results of Meta Platforms, key upcoming events and more
Microsoft’s financial results for the September quarter came in better than expected. Part of this was due to the company’s cloud computing business. Importantly its Azure cloud business was up 28% on a constant currency basis, better than the 25%-26% company forecast. Of the 28%, three percentage points came from AI services, which bodes well for Microsoft (MSFT.us) as its AI offering are weighted towards the second half of the…
The social media giant continued its comeback with record profit and revenue in Q3, helped by the rebound in advertising, but also warned of softness in the current quarter
Bond yields may be near their peak or may have already peaked. If so, and the path of least resistance is down, there are ramifications.
The two tech giants at the forefront of artificial intelligence reported strong results on Tuesday, but Microsoft saw an acceleration in cloud revenue due to AI, as Google appears to lag in monetization
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