Day: May 7, 2022
Dish Network Corp. DISH, -19.14% said Friday it had net income of $433 million, or 68 cents a share, in the first quarter, down from $630 million, or 99 cents a share, in the year-earlier period. Revenue fell to $4.33 billion from $4.50 billion a year ago. The FactSet consensus was for EPS of 74 […]
GBPUSD CollapsesIt’s been another exciting week in financial markets. Several key moves have kept traders on their toes this week and as we draw to a finish the main attraction appears to be the sell-off in GBP. We’ve had plenty of record action recently, such as the massive decline in JPY, and this week was […]
CIBCFX FlowsTokyo saw its inflation accelerated to highest in near 30 years in April, Bloomberg said this was largely dur to soaring energy prices. One reporter noted that strong connection in Tokyo CPI to the national CPI which will be published on May 20. A similar boost will complicate BoJ message on inflation. Japan reopened […]
Shares of Cigna Corp. CI, +5.88% gained 0.2% in premarket trading Friday, after the health care services company reported first-quarter profit and revenue that rose above expectations, and provided and upbeat full-year earnings outlook. Net income rose to $1.18 billion, or $3.68 a share, from $1.16 billion, or $3.30 a share, in the year-ago period. […]
Spectrum Brands Holdings Inc. SPB, +3.92% reported fiscal second-quarter profit and sales that beat expectations, while gross margin contracted as inflationary costs were higher than related price increases. Shares of the consumer products company, which brands include George Foreman, Remington and Health-Hide, were still inactive in premarket trading. Net income for the quarter to April […]
U.S. regulators on Thursday strictly limited who can receive Johnson & Johnson’s JNJ, -0.22% COVID-19 vaccine due to a rare but serious risk of blood clots,the Associated Press reported. The Food and Drug Administration said the shot should only be given to adults who cannot receive a different vaccine or specifically request J&J’svaccine. U.S. authorities […]
Shares of Eastman Chemical Co. EMN, +0.21% rose 0.9% in premarket trading Friday, after the specialty materials company announced a $500 million accelerated share repurchase (ASR) program. Based on the stock’s Thursday’s closing price of $105.67, the ASR represents about 3.7% of Eastman’s market capitalization of $13.62 billion. The company said after the ASR is […]
Mortgage lending growth in China is slowing amid ongoing downturn in real estate market, caused by defaults among developers, lockdowns and worsening consumer sentiment.The total volume of outstanding mortgage loans in China at the end of March was 53.2 trillion yuan ($8 trillion), rising by 6% compared to the same month of 2021 – the […]
Type: Bullish BounceKey Levels:Resistance: 1.11086Pivot: 1.10161Support: 1.09717Preferred Case:On the H4, with price moving above the Ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 1.11086 where the 161.8% Fibonacci extension is from our pivot of 1.10161 in line with the 50% Fibonacci retracement and horizontal pullback support.Alternative Scenario:Alternatively, […]
Under Armour Inc. UA, -25.88% UAA, -23.79% shares fell 8% in Friday premarket trading after the athletic company swung to a loss for the transition quarter ending March 31. The company announced in February that it would be shifting its fiscal year. For the period, Under Armour posted a net loss of $59.6 million, or […]
