Hewlett Packard stock dips after mixed quarterly results

Hewlett Packard Enterprise Company (NYSE: HPE) released earnings results for Q1 of fiscal 2024 after the US market closed on Thursday. The American information technology company reported revenue of $6.8 billion for the three months ending on 31/1/24 vs. $7.089 billion estimate. Revenue was down by 14% year-over-year. Earnings per share (EPS)...

March 1, 2024
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Salesforce financial results announced – the stock is falling

American customer relationship management company Salesforce Inc. (NYSE: CRM) released the latest financial results after the closing bell on Wall Street on Wednedsay. Salesforce achieved revenue of $9.287 billio for the fourth quarter of fiscal 2024 vs. $9.223 billion expected. Revenue increased by 11% from the same period the year before. E...

February 29, 2024
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AutoZone stock hits an all-time high after earnings beat

AutoZone Inc. (NYSE: AZO) announced Q2 fiscal 2024 results before the US opening bell on Tuesday. The largest US retailer of aftermarket automotive parts and accessories achieved revenue of $3.859 billion in the quarter, which topped analyst estimate of $3.846 billion. Earnings per share (EPS) reached $28.89 vs. $26.296 per share expected. ...

February 28, 2024
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FX Analysis – USD dips, USDJPY holds above 150, EURUSD rallies

USD sold off on Monday with DXY failing to hold above 104 after finding some resistance at the 100 DAY SMA and dipping from a high of 104.20 to a low of 103.70 where the 200 Day SMA held as support. The move lower in USD came despite higher UST yields, which would normally support the USD. EURUSD was supported by the weaker USD with EURUSD r...

February 27, 2024
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Zoom beats expectations – shares rally in the after-hours

Zoom Video Communications Inc. (NASDAQ: ZM) reported the latest financial results after the closing bell on Wall Street on Monday. American communications technology company reported revenue of $1.146 billion for the previous quarter vs. $1.129 billion expected. Revenue grew by 2.2% vs. the same period the year before. Earnings per share (EPS...

February 27, 2024
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Li Auto stock surges as earnings arrive above estimates

Chinese electric vehicle company Li Auto Inc. (NASDAQ: LI) announced Q4 and 2023 fully-year results before the US market opened on Monday to kick off a new trading week. Li Auto achieved revenue of $5.878 billion (up by 136.4% from Q4 2022) vs. $5.599 billion expected. EPS was reported at $0.594 per share in Q4, above estimate of $0.446 per s...

February 27, 2024
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The week ahead – RBNZ rate decision, USD, AUD and JPY inflation data

FX markets enter the new week with market sentiment firmly risk-on with all-time highs seen in US and Japanese indexes after a blowout earnings report from AI darling Nvidia (NVDA) sent stocks surging. Ahead this week we have key inflation data out of the US, Australia and Japan along with a RBNZ rate decision which is certainly in play. The ...

February 26, 2024
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FX Analysis – USD whipsaws , AUDNZD hits new lows, Gold holds key support

USD was ultimately flat in Thursdays session after a rollercoaster of a ride, DXY printed a low in the European session of 103.43 before rallying up to the 100 Day SMA at 104.10 after better than expected US Jobless claims.  Flash PMIs for February were mixed with a fall in Services but a rise in Manufacturing, DXY heading into the APAC session ju...

February 23, 2024
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Intuit financial results are out

Business software company Intuit Inc. (NASDAQ: INTU) reported Q2 of fiscal 2024 earnings results after the market closed in the US on Thursday. The company achieved revenue that was in line with analyst estimates at $3.386 billion. Revenue increased by 11% year-over-year. Earnings per share topped Wall Street estimates at $2.63 (up by 20% yea...

February 23, 2024
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Market analysis – NVDA rips higher on earnings, Gold holds key support, NZD outperforms

The much awaited NVDA Q4 earnings didn’t disappoint with the tech giant knocking it out of the park, handily beating analysts' expectations on the top and bottom lines. For the quarter, Nvidia reported adjusted earnings per share (EPS) of $5.16 on revenue of $22.1 billion. Analysts were expecting EPS of $4.60 on revenue of $20.4 billion. For c...

February 22, 2024
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NVIDIA tops Wall Street expectations – the stock is rising in the after-hours

NVIDIA Corporation (NASDAQ: NVDA) recently briefly overtook Amazon.com Inc. (NASDAQ: AMZN) and Alphabet Inc. (NASDAQ: GOOGL) as the fourth largest company in the world after the share price rose to a new all-time high of $746.11 on 14/2/24. Since then, the share price has fallen by over 9%, pushing the company back to sixth place. On Wednesday, ...

February 22, 2024
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Analog Devices beats estimates – the stock is up

American Semiconductor manufacturing company Analog Devices Inc. (NASDAQ: ADI) released fiscal first quarter 2024 financial results before the US market open on Wednesday. The company topped analyst estimates for both revenue and earnings per share (EPS) for the second quarter in a row. Analog achieved revenue of $2.513 billion for the quarte...

February 22, 2024
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NVDA earnings preview – AI mania put to the test

The most anticipated US earnings announcement is coming up with NVDA due to report fiscal Quarter ending Jan 2024 earnings after the Wednesday US market close. NVDA has seen a meteoric rise, quintupling in 2023 and up more than 40% so far in 2024, being the number one stock riding AI mania, making this earnings report one that all investors will be...

February 21, 2024
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FX analysis – USD drops ahead of FOMC minutes, CAD falls on cool CPI, AUD and NZD supported by PBoC decision

USD sold off in Tuesdays session after US traders returned from holiday. DXY falling for a 5th straight session after finding stiff resistance at the psychological 105 level and breaking below its 100 DMA before finding some support at the 200 DMA before retracing somewhat as market risk sentiment soured during the US equity session. Lower yields a...

February 21, 2024
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Walmart stock gains after better-than-expected earnings report

Walmart Inc. (NYSE: WMT) announced the latest financial results before the US market open on Tuesday. World’s largest supermarket chain achieved revenue of $173.388 billion in the fourth quarter vs. $170.854 billion expected. Revenue grew by 5.7% year-over-year. Earnings per share (EPS) reported at $1.80 (up from $1.71 the year prior) vs. $...

February 21, 2024
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