Wall Street will struggle to climb out of the worst week for tech stocks in more than two years as investors worry that slowing growth and faster inflation will continue to clip corporate profit forecasts. Read more…
Apple surprised even the most hardened of analysts late Thursday with record global sales of $124 billion and Street-topping earnings for its holiday quarter. Apple (AAPL) – Get Apple Inc. Report shares jumped higher in pre-market Read more…
Robinhood shares are in retreat, along with its band of merry meme-stock traders. Here’s why investors are turning their backs (Hint: it’s about crypto). Robinhood Markets (HOOD) – Get Robinhood Markets, Inc. Class A Report and Read more…
On ongoing rebound in construction equipment demand helped power Caterpillar to stronger-than-expected fourth quarter earnings Friday. Caterpillar (CAT) – Get Caterpillar Inc. Report posted stronger-than-expected fourth quarter earnings Friday as an ongoing rebound in construction equipment Read more…
U.S. Steel is set for a solid opening bell gain Friday after posting better-than-expected fourth quarter sales and unveiling a new $500 million buyback plan. U.S. Steel (X) – Get United States Steel Corporation Report shares Read more…
Eurozone Economic Sentiment Indicator dropped from 113.8 to 112.7 in January. Industry confidence dropped from 14.6 to 13.9. Services confidence dropped from 10.9 to 9.1. Consumer confidence dropped from -8.4 to -8.5. Retail trade confidence Read more…
Stocks futures trade mixed as Wall Street’s wild week comes to a close; Apple shares leap after crushing December quarter forecasts; Robinhood tanks after wider-than-expected Q4 loss; Visa shares surge as post-Covid spending spree drives Read more…
USDCAD remains positively energized aiming for the Ichimoku cloud’s upper band around the 1.2813 high, after taking flight from the 200-day simple moving average (SMA) around the 1.2500 mark. The longer-term SMAs are suggesting an Read more…
The US dollar is running roughshod over the Swiss franc this week. USD/CHF has shot up 2.16% this week, rising to its highest level since November. In the European session, the Swiss franc is trading Read more…
While USD is extending its rally, we can see EURUSD even lower, but still trading in the middle of wave 3, so be aware of more downside pressure in upcoming days, just watch out for Read more…