Economic Updates
Uber surpasses expectations in Q4
Uber Technologies Inc. (UBER) reported its Q4 2021 financial results after the market close on Wall Street on Wednesday. The company beat analyst estimates for both revenue and earnings per share. Total revenue reported at $5.778 billion (83% increase year-over- year) in Q4 vs. $5.346 billion expected. Earnings per share at $0.44, analysts we...
Twitter falls short in Q4
Twitter Inc. (TWTR) reported its latest financial numbers before the opening bell on Wall Street on Thursday. Let’s take a look at how the social media company performed in the last quarter of 2021. The company reported total revenue of $1.567 billion in Q4, falling short of analyst forecast of $1.578 billion. Earnings per share reported in...
Coca-Cola tops Wall Street estimates for Q4
The Coca-Cola Company (KO) reported its fourth quarter financial results before the opening bell on Wall Street on Thursday. The US beverage company topped analyst forecast, posting solid results for the last quarter of 2021. Total revenue reported at $9.47 billion vs. $9.005 billion estimate. Earnings per share reported at $0.45 a share vs. ...
Pfizer Q4 results announced
Pfizer Inc. (PFE) reported its Q4 financial results before the market open on Wall Street on Tuesday. The world’s third largest pharmaceutical company reported total revenue of $23.838 billion in the previous quarter (105% increase from the same period in 2020), falling short of analyst forecast of $24.157 billion. Earnings per share report...
How to identify key resistance levels
A resistance level is a key tool in technical analysis, indicating when an asset has reached a price level that market participants are unwilling to surpass. Resistance levels are often used in conjunction with support levels, or the point at which traders are unwilling to let an asset's price drop much lower. To understand this fully, it’s im...
Identifying opportunities and managing risk with Autochartist
Autochartist's advanced chart pattern recognition can help you with identifying real-time trading opportunities and making more informed trading decisions. Founded in 2004, Autochartist is a financial market analytics company that leverages big data and proprietary technology to provide their services. They provide analytics for currencies, com...
Amgen reports Q4 results
Amgen Inc. (AMGN) reported its fourth-quarter financial results after the closing bell on Monday. The US biotechnology company reported total revenue of $6.846 billion (a 3% increase from the same period in 2020), just shy of the analyst forecast of $6.868 billion. Earnings per share was reported at $4.36 (up 26% year-over-year), beating anal...
Share buybacks and Dividends. How do they compare?
As a shareholder of any company, you can be rewarded by that company in the form of share buybacks and dividend pay-outs. These actions would often occur when a company is performing well and thus have the means to reward their shareholders. The company’s profits would also often be used to invest back into the company. Dividends have been...
Bitcoin’s first official legal tender
On June 5th 2021, El Salvador President Nayib Bukele declared that Bitcoin, the first cryptocurrency, would become legal tender in El Salvador. A few days later, the Bitcoin Law was passed, to take effect September 7th 2021. Businesses would be required to accept Bitcoin for all payments. Salvadorians would need to apply for a digital wallet called...
Amazon Q4 financial results are in
Amazon.com (AMZN) announced its fourth quarter results after the closing bell on Thursday. The company reported total revenue of $137.412 billion (9% increase vs. the same period in 2020) in the previous quarter, which was just shy of analyst forecast of $137.682 billion. Earnings per share reported at $27.75, above analyst forecast of $3.61 ...
Meta fourth quarter numbers are in
Meta Platforms (FB) reported its fourth quarter financial numbers after the closing bell on Wall Street on Wednesday. The company reported total revenue of $33.671 billion (up by 20% year-over-year), above analyst forecast of $33.357 billion. Earnings per share at $3.67 (down by 5% year-over-year), falling short of analyst estimate of $3.85 p...
Why is Bitcoin’s price falling and what is the aftermath?
Bitcoin, like many investment products, will be affected by decisions made by the U.S. Federal Reserve and their outlook on the U.S. economy. There is currently a negative settlement on Bitcoin after the U.S. Federal Reserve actions have allowed for more aggressive withdrawal of liquidity. They have also mentioned that they will protect assets i...
Firebrick Pharma debuts on ASX
An Australian pharmaceutical firm that's developing a world first virus-killing nasal spray has made its debut on the ASX. It was founded in 2012 by Dr Peter Molloy and Dr Stephan Goodall with the mission to develop a nasal spray that killed all germs (viruses or bacteria) such as the common cold. It plans to bring its latest breakthrough ...
Apple reaches a new record and beats expectations
Apple Inc. (AAPL) reported its fiscal 2022 first quarter ended December 25, 2021 after the market close on Wall Street on Thursday. The company beat both revenue and earnings per share estimates, sending the stock higher in the after-hours trading. Apple reported total revenue of $123.945 billion (an all-time revenue record and up 11% year-ov...
What is an NFT?
A Non-Fungible Token (NFT) is a non-interchangeable unit of data stored on a blockchain, a form of digital ledger.[1] Types of NFT data units may be associated with digital files such as photos, videos, and audio. Because each token is uniquely identifiable, NFTs differ from blockchain cryptocurrencies, such as Bitcoin. NFT ledgers claim to ...