News
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 […]