These heavyweights, who belong to the “Magnificent 7,” are very likely to generate market buzz with the release of their financial results. Let’s take a closer look at what these earnings might reveal and how they could shape the tech landscape in 2024.Me...
5 months agoEarnings Yield Mixed OutcomesLast week’s earnings reports from major corporations like Goldman Sachs, Bank of America, and Netflix provided mixed signals about the health of various sectors. While some financial giants posted strong results, concerns ling...
5 months agoThe path for future interest rates in the US remains uncertain, with some Fed officials even talking about the possibility of rate hikes if inflation continues to increase. From six rate cuts to less than two (-39bps), the hawkish repricing in the swaps m...
5 months agoThe S&P 500 index dropped by 0.88%, falling below 5,000 and reaching a new medium-term low of 4,953.56. This marked its lowest level since late February, with a decline of over 311 points or 5.9% from the record high of 5,264.85 on February 28. The ma...
5 months agoThe Overview of the DAX PerformanceThe DAX rallied 1.55% on Tuesday (April 23). Following a 0.70% gain on Monday (April 22), the DAX ended the session at 18,138.Service Sector Activity Fueled a Breakout SessionOn Tuesday (April 23), service sector PMI num...
5 months agoUS Equity Markets: Core Durable Goods Orders and EarningsOn Wednesday, April 24, US core durable goods orders warranted investor attention. Core durable goods orders increased by 0.2% in March after rising by 0.1% in February. Economists expected a 0.3% i...
5 months agoMeta Stock Plunges After Earnings CallMeta’s recent earnings call highlighted CEO Mark Zuckerberg’s focus on long-term investments in artificial intelligence (AI) and the metaverse, triggering a significant 19% drop in the company’s stock price. This stra...
5 months agoThe Overview of the DAX PerformanceThe DAX declined by 0.27% on Wednesday (April 24). Partially reversing a 1.55% rally from Tuesday (April 23), the DAX ended the session at 18,089.German Business Sentiment Improved in AprilGerman economic indicators cont...
5 months agoCaterpillar and Microsoft Earnings: Pre-Market and After-Hours ReportsCaterpillar’s upcoming earnings report suggests robust performance fueled by federal funding and operational excellence, with analysts projecting $5.14 EPS and $15.998 billion revenue....
5 months agoThe Overview of the DAX PerformanceThe DAX slid by 0.95% on Thursday (April 25). Following a 0.27% loss on Wednesday (April 24), the DAX ended the session at 17,917.German Consumer Confidence ImprovesOn Thursday (April 25), German consumer confidence was...
5 months agoBTC-Spot ETF Market Faces Third Consecutive Weekly LossBTC faced the threat of a fourth consecutive weekly loss on Saturday (April 27). From Monday (April 12) to Saturday (April 27), BTC was down 1.95% to $63,801. Despite the current losses, BTC avoided s...
5 months agoHigh Valuations and Investor ExpectationsThe S&P 500’s current valuation at 20 times forward earnings significantly surpasses its historical average of 15.7. This higher valuation implies that investors are expecting robust earnings growth. Valuations...
5 months ago