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Walmart tops expectations for Q2 – the stock is up

Walmart tops expectations for Q2 – the stock is up Walmart Inc. (WMT) announced its Q2 financial results before the market open on Wall Street on Tuesday. World’s largest supermarket chain reported results that exceeded analyst expectations, sending the stock price higher. The company reported revenue of $152.859 billion (up by 8.4% ye...

August 17, 2022
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Li Auto Q2 results are here

Li Auto Inc. (LI) reported its unaudited second quarter financial results on Monday. The Chinese automaker fell short of analyst estimates for the quarter. World’s 16th largest automaker reported revenue of $1.207 billion vs. $1.416 billion expected. The company reported a loss per share of -$0.04 for the quarter vs. -$0.02 loss per share ...

August 16, 2022
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Rivian Q2 results have arrived

Rivian Automotive Inc. (RIVN) announced its Q2 financial results after the closing bell in the US on Thursday. The American automaker reported revenue of $364 million vs. estimate of $335.378 million. The company reported a loss per share of -$1.62 per share vs. -$1.63 per share expected. ”The second quarter of 2022 represented important...

August 12, 2022
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Disney company tops Wall Street estimates

The Walt Disney Company (DIS) reported the latest financial results for its third fiscal quarter after the closing bell on Wednesday. World’s largest entertainment company reported revenue of $21.504 billion for the quarter (up 26% year-over-year), topping Wall Street forecast of $20.994 billion. Earnings per share reported at $1.09 per sha...

August 11, 2022
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Coinbase reports disappointing results for Q2 – the stock is falling

Coinbase Global Inc. (COIN) released its financial results for Q2 after the market close in the US on Tuesday. The company reported revenue that fell short of Wall Street expectations at $808.325 million for Q2 vs. $873.82 million expected. Coinbase reported a loss per share of -$4.98 per share vs. -$2.47 loss per share expected. ''Q2 was ...

August 10, 2022
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Bitcoin showing signs of a reversal.

    Bitcoin has seen a large tumble in its price since it reached its peak of $70,000, however there are signs that the price may be ready to break out of its downtrend.   Background With rising inflation and a tense geopolitical climate, growth equities and risk assets have felt the pinch and Bitcoin has been right in the...

August 9, 2022
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Barrick Gold beats Q2 estimates – sends the stock price higher

Barrick Gold Corporation (GOLD) reported its latest financial results before the market open in the US on Monday. One of the world’s largest gold producers reported revenue of $2.874 billion vs. $1.178 billion expected. The Canadian company reported earnings per share of $0.24 per share for Q2, also beating analyst estimate of $0.23 per sha...

August 9, 2022
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BNPL sector showing signs of a reversal after monstrous selloff

    The Buy Now Pay Later, (BNPL) sector has seen a resurgence after a long and brutal sell-off. The reason for, much of the resurgence is not related to any specific catalyst but rather, changing sentiment within the broader market. The sector rose significantly before and during the Covid-19 pandemic. However, as the pandemic came...

August 8, 2022
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Alibaba posts better-than-expected results

  Alibaba Group Holdings Limited (BABA) reported its latest financial results before the market open on Thursday. The Chinese e-commerce giant reported revenue of $30.689 billion for the quarter vs. $30.364 billion expected. Earnings per share were reported at $1.75 per share vs. $1.60 per share expected. Daniel Zhang, Chairman and...

August 5, 2022
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Moderna Q2 results announced – the stock gets a boost

Moderna Inc. (MRNA) reported its Q2 financial results before the opening bell on Wall Street on Wednesday. The American biotechnology company posted results that beat expectations, sending the stock higher at the open. The company reported revenue of $4.749 billion for the quarter vs. $4.097 billion expected. Earnings per share reported at...

August 4, 2022
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PayPal Q2 earnings results are here

PayPal Holding Inc. (PYPL) announced its latest financial results after the closing bell in the US on Tuesday. The US financial technology company reported revenue of $6.8 billion in Q2, topping Wall Street estimate of $6.778 billion. Earnings per share also beat analyst estimates for the quarter at $0.93 per share vs. $0.87 per share estimat...

August 3, 2022
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Reserve Bank of Australia hikes Cash Rate by 0.50%

    The Reserve Bank of Australia, (RBA) has increased the Country’s cash rate by half a percent to combat the rising inflation in its latest cash rate change. The increase was in line with most analyst’s expectations as the RBA continues to fight inflation and bring it back into the 2-3% range. The current forecast from the RBA...

August 2, 2022
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US dollar drops as the economy shrinks by 0.9% for the last quarter.

US economic data revealed last night shows that the country’s GDP has shrunk by 0.9%, although some are remaining positive that a recession may still be avoided. Despite the worrying figures, Federal Reserve Chair, Jerome Powell, outlined his belief that due to low unemployment figures of 3.6% and a strong market for jobs with 11 million job open...

July 29, 2022
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Is it time to Capitalise on Short Squeezes ?

Is it time to Capitalise on Short Squeezes ?   Short Squeezes are one of the interesting price action patterns that can occur in the market. They can provide It can provide explosive momentum trading opportunities that can go on for days. They can provide trading opportunities for scalpers, intraday, and swing traders.  What actually is...

July 29, 2022
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Mastercard beats Wall Street expectations

  Mastercard Incorporated (MA) reported its latest financial results before the opening bell on Wall Street on Thursday. The US financial services company reported revenue of $5.497 billion in Q2, beating analyst estimate of $5.267 billion. Earnings per share reported at $2.56 per share vs. $2.36 per share expected. ''We had strong...

July 29, 2022
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