Day: August 23, 2022
U.S. stocks opened slightly lower Tuesday, extending Monday’s selloff as investors await fresh economic data. The Dow Jones Industrial Average DJIA, -0.28% was trading down 0.1% soon after the opening bell, while the S&P 500 SPX, +0.03% fell 0.1% and the Nasdaq Composite COMP, +0.16% declined less than 0.1%, according to FactSet data, at last […]
Type: Bearish Drop Key Levels:Resistance: 4202.00Pivot: 4077.00Support: 3952.00 Preferred Case:On the H4, with price breaking out of the ascending channel and moving below the ichimoku indicator, we have a bearish bias that price will drop to pivot at 4077.00 where the pullback support, 127.2% fibonacci extension and 38.2% fibonacci retracement are. Once there is downside […]
Type: Bearish Drop Key Levels:Resistance: 33432Pivot: 32605Support: 31852 Preferred Case:On the H4, with price breaking out of the ascending trendline and moving below the ichimoku indicator, we have a bearish bias that price will drop to pivot at 32605 where the pullback support and 38.2% fibonacci retracement are. Once there is downside confirmation of price […]
Shares of Foghorn Therapeutics Inc. FHTX, -6.79% tumbled 18.4% in premarket trading on Tuesday after the company said the Food and Drug Administration put a full clinical hold on a Phase 1 clinical trial evaluating an experimental treatment for relapsed and refractory acute myelogenous leukemia and myelodysplastic syndrome. The study assessing the same therapy in […]
Intel Corp. INTC, -4.35% said Tuesday that it had reached an agreement with an infrastructure associate of Brookfield Asset Management to jointly invest in chip factories. Intel billed the arrangement in a press release as “a new funding model [for] the capital-intensive semiconductor industry.” Through the arrangement, the companies will jointly invest up to $30 […]
Dick’s Sporting Goods posted better-than-expected numbers for its fiscal second quarter and tweaked its full-year guidance to reflect the beat. The company posted net earnings of $318.4 million, or $3.25 a share, for the quarter to July 30, down from $495.5 million, or 4.53 a share, in the year-earlier period. Adjusted per-share earnings came to […]
J.M. Smucker Co SJM, -1.45% said Tuesday its first-quarter profit fell 29% to $109.8 million, or $1.03 a share, from $153.9 million, or $1.42 a share, in the year-ago quarter. The jelly maker’s adjusted profit fell 12% to $1.67 a share as the company absorbed the impact of its Jif peanut butter product recall. Revenue […]
U.S.-listed shares of JD.com Inc. JD, +1.13% were up more than 4% in premarket trading Tuesday after the Chinese e-commerce company easily exceeded second-quarter profit expectations. The company reported net income of RMB4.4 billion ($0.6 billion), or RMB2.74 a share, compared with RMB0.8 billion, or RMB0.50 in the year-earlier period. On an adjusted basis, JD.com […]
There are now more than 17.5 million Bitcoin wallets underwater with little faith in a rebound coming from analysts in the face of a surging dollar. 1332 Total views 65 Total shares Bitcoin (BTC) hodlers are feeling the squeeze this week as repeated tests of lower levels spark increasing losses. Data from on-chain analytics firm […]
Shares of Denny’s Corp. DENN, -1.47% rallied 4% in premarket trades Tuesday after Wedbush upgraded shares of the restaurant chain to outperform from neutral and raised its 12-month price target to $12.50 a share from $10 a share. “We came away from meetings with CFO Robert Verostek…incrementally positive,” Wedbush said. The company is poised to […]
