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Financial investment professional with over 7 years of FX and capital market industry. Experienced Trader/Analyst with a demonstrated history of working in the financial services industry, Licensed Chartered Institute for Securities & Investment (CISI) - UK.
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The bumpy tech earnings season is getting busy: exciting.
Focus now shifts to the earnings announcement of two of Big Tech’s biggest players Google’s patent Alphabet and Microsoft. two giants are both heavily investing in Artificial Intelligence [AI]. Keep a close eye on its guidance for future quarters and companies progress in generative AI
More here▶️ https://gulfbrokers.com/en/research/market-news/big-tech-earnings-season-kicked-off-with-mixed-results
#technology#tech#ai#artificial intelligence#wall street#stock market#stocks#stock trading#earningsseason
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Shares of Meta Platforms (NASDAQ: META), the parent company of social media platforms Facebook and Instagram plunged more than 16% in after-hours trading despite the tech giant reporting better-than-expected Q1 financial results. The stock fell after the company's Q2 2024 revenue guidance fell short of expectations, erasing over $200 billion in market cap. $META increased 131% over the last 12 months and more than 39% year to date.
EPS $4.71 🆚 $4.32
Revenue $36.46B 🆚 $36.22B
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US Dollar Index, which measures the greenback’s value against the basket of six major currencies extended the pullback and ended with notable losses on Tuesday following the release of weaker-than-expected S&P Global PMI numbers. As of this writing, the greenback slightly recovered from the previous session’s losses ahead of the US March Durable Goods Orders data. From a technical perspective, the overall momentum remains mixed despite the recent drop, which for now does not mean a downward movement but only a correction. Only a break and close below 105.50 will give a more significant signal and amplify negative sentiment.
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Tesla Q1 Earnings Highlights:
Shares of Tesla (NASDAQ: TSLA) bounced almost 14% to $164 in after-hours trading on Tuesday despite the EV maker reporting disappointing Q1 earnings results. The stock spiked after the company announced it is accelerating plans to introduce “new models” by early 2025. The automaker also previewed the ridesharing feature for its app that it wants to use for its robotaxi service.
"We have updated our future vehicle line-up to accelerate the launch of new models ahead of our previously communicated start of production in the second half of 2025," - Tesla CEO, Elon Musk.
Tesla’s Q1 2024 net profit fell 55% to $1.13 billion and Revenue fell 9% to $21.3 billion, in line with its first year-over-year drop in deliveries since 2020.
#tesla stock#teslamotors#elon musk#stock market#stocks#stock trading#wall street#earningsseason#elon twitter#tesla#cybertruck
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Stocksinnews - $SPOT
Shares of music streaming giant Spotify (NYSE: SPOT) jumped 12% after the earnings report. The company's quarterly revenue rose 20% to 3.64 billion euros, beating estimates of 3.61 billion euros. Spotify’s paid subscribers rose 14% year over year to 239 million.
For the second quarter, Spotify anticipates gaining 16 million new monthly active users, bringing the total to 631 million. Additionally, the company expects to add six million new premium subscribers, totalling 245 million subscribers.
“We’ve talked about 2024 as the year of monetization and we’re delivering on that ambition,” Spotify CEO Daniel Ek, said.
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Daily Market Report - Tuesday, April 23, 2024
As expected Tesla stock extended its recent skid. Now the focus shifts to $TSLA Q1 results.
U.S. equity futures hold modest gains.
Oil prices struggling to find fresh demand.
The euro has risen slightly against the US dollar but upside potential seems limited.
Read more▶️ https://gulfbrokers.com/en/research/daily-summary/daily-market-report-798
#tes#tesla#teslamotors#elon#elon musk#gold price#eurusd#stocks#crude oil#earningsseason#forex trading#stock trading#musk#cybertruck#technical analysis#wall street#stock market
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FED June rate cut bets slashed after hot CPI and retail sales. The Fed’s next rate decision will take place at the beginning of May. Core PCE is the next focus as rate-cut hopes fade.
Is the Fed really going to cut rates this year❓❓ ▶️ https://gulfbrokers.com/en/research/blog/june-rate-cut-slowly-fading-away-is-the-fed-really-going-to-cut-rates-this-year
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Excited to see what the market brings this week. It's undoubtedly a huge week ahead and all eyes will be turning to PCE inflation data, BOJ meetings and corporate earnings with some of the biggest companies reporting their earnings.
Check out the detailed weekly market analysis here - https://gulfbrokers.com/en/research/market-news/weekly-review-gold-usd-eurusd-and-dow-jones-123
#market research#gold price#eurusd#dollar index#technical analysis#forex trading#stock trading#earningsseason
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The markets are expected to be extra volatile this week. US PCE inflation, GDP, and Durable goods orders remain the top releases from the economic calendar along with the Bank of Japan meeting.
Earnings to watch: Tesla, Microsoft, Alphabet, Meta, Ford, Boeing, IBM and Intel.
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Quote of the day
#quoteoftheday#inspiring quotes#quotes#monday motivation#investing#stocks#investors#investments#stock market
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Middle East tensions have already rattled global markets this month. Tensions in the Middle East escalated Friday Morning as reports emerged of an Israeli Military strike near Isfahan in Iran. However, the tensions have slightly reduced now after Iranian authorities downplayed the seriousness of the situation.
Here’s an overview of what’s happening, and the effect on the global market - https://gulfbrokers.com/en/research/blog/israel-iran-tensions-extending-volatility-in-the-global-markets
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Daily Market Report - Thursday, April 18, 2024
Netflix (NASDAQ: NFLX) Q1 earnings preview and $NFLX technical outlook.
US Dollar consolidating against its rivals, the focus shifts to key US economic releases.
Crude oil prices extended the weekly sell-off.
Read more▶️ https://gulfbrokers.com/en/research/daily-summary/daily-market-report-797
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Shares of the sixth-largest airline in the world United Airlines (NASDAQ: UAL) made a strong jump on Wednesday despite the airline reporting a first-quarter net loss of $124 million.
Why $UAL spikes 18% on Wednesday after reporting a $124 million Q1 loss?- https://gulfbrokers.com/en/research/market-news/why-ual-spikes-18-on-wednesday-after-reporting-124-million-q1-loss
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Daily Market Report - Wednesday, April 17, 2024
Inflation is in the headlines again, the UK, Eurozone and Canada reported the latest inflation figures.
EURUSD is moderately higher, and the focus shifts to Lagarde Speech.
Crude oil futures extended the pullback.
US stock futures rebound with modest gains.
Read more - https://gulfbrokers.com/en/research/daily-summary/daily-market-report-796
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Gold price rebounded back to above $2390. The metal slightly retreated during the Asian session after Federal Reserve Chair Jerome Powell indicated that policymakers are in no rush to cut interest rates. Early this week, the metal initially dropped to near the weekly support area of $2320 but again found strong support above the $2320 mark and has subsequently rallied again back into the mid-$2380s.
XAUUSD daily forecast
Technically, the medium-term trend is very supportive. For today, the immediate support is near $2372 and good support is expected at the $2363 area, with this zone having held a previous session while further down, demand is also expected around $2350, which will act as the next area of support. On the flip side, the first immediate resistance level for the pair is $2398, then the stronger resistance is $2404, which is important to be stable above it for a continuing rise above $2420/30 levels.
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Shares of Dutch chip giant ASML fell more than 5% Wednesday morning after the company posted weaker-than-expected new bookings in Q1, to 3.6B euros from 3.75 billion euros in the same period last year. The company also reported a drop in its year-on-year net profit in the first quarter of 2024 amid international tensions with China. However, 2024 guidance remains unchanged and the longer-term future is bright.
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Daily Market Report - Tuesday, April 16, 2024
Goldman Sachs posted robust Q1 results.
EURUSD slightly rebounded after the upbeat ZEW data.
Japanese Yen remains the weakest currency pair.
Gold price remains steady despite strong USD.
Read more▶️ https://gulfbrokers.com/en/research/daily-summary/daily-market-report-795
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