Day: October 27, 2022
The numbers: The economy grew at an annual 2.6% pace in the third quarter, rebounding from two consecutive declines in the first half of the year that ignited debate about whether the U.S. had sunk into a recession. The official resumption of growth was driven largely by a shrinking trade deficit and masked emerging weak […]
GBPUSD, “Great Britain Pound vs US Dollar” The pair is testing the Tenkan-Sen line. The pair is going above the Ichimoku Cloud, which means an uptrend. A test of the Kijun-Sen line is expected at 1.1550, followed by growth to 1.1955. An additional signal confirming the growth will be a bounce off the lower border […]
USDCAD, “US Dollar vs Canadian Dollar” On H4, at the support level, the pair has formed a Harami reversal pattern. Currently, the pair may go by the signal, forming an ascending wave. The goal of growth will be 1.3690; it may be later broken away so that the price will continue the uptrend. However, the […]
The U.S. Energy Information Administration reported on Thursday that domestic natural-gas supplies rose by 52 billion cubic feet for the week ended Oct. 21. That compared with a market forecast for an increase of 61 billion cubic feet, according to an estimate from the Dow Jones economic calendar. Total working gas stocks in storage stand […]
Best Tips Of All Time by Warren Buffett There is no doubt that Warren Buffett is the most famous and respected investor of all time. Buffett is also known for his memorable quotes when it comes to investing. On Earning “Never depend on single income. Make investment to create a second source.” On Taking Risk […]
The Dow Jones Industrial Average’s DJIA, +1.40% components that reported quarterly results ahead of Thursday’s provided the bulk of the index’s early gains after all beat profit expectations. The combined implied shares price gains of Honeywell Corp. HON, +4.31%, Caterpillar Inc. CAT, +9.06%, McDonald’s Corp. MCD, +3.18% and Merck & Co. Inc. MRK, +2.84% would […]
Shares of Mastercard Inc. MA, -0.99% were dipping 0.8% in premarket trading Thursday, though the payments giant topped expectations with its latest revenue and earnings numbers. The company generated third-quarter net income of $2.50 billion, or $2.58 a share, compared with $2.41 billion, or $2.44 a share, in the year-earlier period. After adjustments, Mastercard earned […]
William Watts is MarketWatch markets editor. In addition to managing markets coverage, he writes about stocks, bonds, currencies and commodities, including oil. He also writes about global macro issues and trading strategies. During his time at MarketWatch, Watts has served in key roles in the Frankfurt, London, New York and Washington, D.C., newsrooms.
Shares of Western Digital Corp. WDC, +1.93% dropped 2.1% in premarket trading Thursday, after the data storage company reported fiscal first-quarter profit that was well below expectations even as revenue beat, and also provided a downbeat outlook for the current quarter. Net income fell to $27 million, or 8 cents a share, from $610 million, […]
Shares of Labcorp LH, -6.37% tumbled 4.7% in premarket trading on Thursday after the diagnostics company said revenue in the third quarter of 2022 came in lower than expected as fewer people got PCR or antigen tests for COVID-19. Labcorp had earnings of $352.8 million, or $3.90 per share, in the third quarter of 2022, […]
