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Trade from an informed place. We cover news, political events and market analysis plus product updates.

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Articles

Trade from an informed place. We cover news, political events and market analysis plus product updates.

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Johnson Controls International results announced – the stock is down

On Monday, Citigroup raised its target price for the Irish multinational conglomerate, Johnson Controls International plc (NYSE: JCI), from $58 to $61 a share. On Tuesday, Johnson Controls announced its latest financial results for its fiscal fourth 2023. Let’s see how it performed. Company overview Founded: 1885 Headquarters: Cork,...

December 13, 2023
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FX Analysis – Gold continues slide, USD bid ahead of CPI, JPY dumps

USD was mildly bid on Monday ahead of a very busy calendar starting with US CPI later today. The US Dollar Index (DXY) rose to a high of 104.26, testing its trendline resistance before paring back to finish the session modestly in the green. DXY continuing to trade in the tight range between its 200-Day MA to the downside and resistance at around 1...

December 12, 2023
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Oracle revenue falls short of Wall Street estimates – the stock is falling

US software and hardware manufacturer, Oracle Corporation (NYSE: ORCL), announced results for its fiscal 2024 second quarter after the market close on Monday. Company overview Founded: June 16, 1977 Headquarters: Austin, Texas, United States Number of employees: 164,000 (2023) Industry: Enterprise software, business software, cloud...

December 12, 2023
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lululemon posts better-than-expected results

World’s second largest sporting goods company, lululemon athletica inc. (NASDAQ: LULU), released Q3 2023 financial results after the closing bell on Wall Street on Thursday. Company overview Founded: 1998 Headquarters: Vancouver, British Columbia, Canada Number of employees: 34,000 (2023) Industry: Sportswear Key people: Calvi...

December 8, 2023
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Broadcom fourth quarter and full-year results are here

US technology giant and one of the largest semiconductor companies in the world, Broadcom Inc. (NASDAQ: AVGO), announced fourth quarter and fiscal year 2023 results after the market close in the US on Thursday. Company overview Founded: 1961 Headquarters: San Jose, California, United States Number of employees: 20,000 (2023) Indust...

December 8, 2023
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AutoZone latest financial results announced

The largest US retailer of aftermarket automotive parts, AutoZone (NYSE: AZO), released its latest earnings report for its fiscal first quarter that ended on November 18, 2023, before the US market opened on Tuesday. Company overview Founded: July 4, 1979 Headquarters: Memphis, Tennessee, United States Number of employees: 119,000 (20...

December 6, 2023
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NIO Q3 results have arrived – the stock is rising

Chinese electric vehicle company, NIO Inc. (NYSE: NIO), reported Q3 results before the opening bell in the US on Tuesday. Company overview Founded: November 2014 Headquarters: Shanghai, China Number of employees: 20,000+ (2023) Industry: Automotive Key people: William Li (CEO), Lihong Qin (President), Wei Feng (CFO) The resul...

December 6, 2023
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FX Analysis – USD pushes above key level, AUD ahead of the the RBA

USD bounced back to start the first full week of December after a horror run in November where the Dollar Index (DXY) fell around 3%. DXY breaking through the 200 Day SMA resistance and printing a high of 103.850. Sour risk sentiment and higher treasury yields (particularly in the short end) helping DXY erase the Powell inspired drop on Friday.  W...

December 5, 2023
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Kroger tops third quarter expectations

One of the largest food retailers in the United States, Kroger Co. (NYSE: KR), announced Q3 earnings results before the opening bell in Wall Street on Thursday. Company overview Founded: 1883 Headquarters: Cincinnati, Ohio, United States Number of employees: 465,000 (2022) Industry: Retail Key people: Rodney McMullen (CEO & ...

December 1, 2023
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Salesforce shares rise in after-hours as earnings results top estimates

Salesforce Inc. (NYSE: CRM) reported its latest financial results after the closing bell in the US on Wednesday. World’s leading customer relationship management company topped both revenue and earnings per share estimates (EPS) for the third quarter of fiscal 2024. Company overview Founded: February 3, 1999 Headquarters: Salesforce...

November 30, 2023
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FX Analysis – Euro softens on cool CPI readings, Gold rallies again, NZD surges on RBNZ

The Euro was softer In Wednesdays US session with EURUSD failing to hold above the psychological 1.10 level with cooler than expected inflation readings out of Spain and Germany weighing on the single currency.  EURGBP dropped for the fifth straight session and setting new November lows. Comments from ECB member Stournaras pushing back on April ra...

November 30, 2023
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FX Analysis – USD continues decline on dovish Fedspeak, JPY outperforms, AUD and NZD breakout

USD continued its recent decline on Tuesday with the US dollar index (DXY) hitting its lowest level since mid-August at 102.60 before finding some support at the 61.8 Fib level.  The decline accelerated after voting Fed member Waller who is seen as a hawk, made some dovish remarks regarding rates and inflation namely he was “increasingly confide...

November 29, 2023
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Intuit results announced

US business software company Intuit Inc. (NASDAQ: INTU) announced the latest financial results for first quarter of fiscal 2024 after the closing bell in the US on Tuesday. Company overview Founded: 1983 Headquarters: Mountain View, California, United States Number of employees: 18,200 (2023) Industry: Enterprise software Key pe...

November 29, 2023
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PDD Holdings shares skyrocket as earnings top estimates

PDD Holdings Inc. (NASDAQ: PDD) reported Q3 financial results before the market open in the US on Tuesday. The Chinese company beat both revenue and earnings per share (EPS) estimates, sending the stock higher. Company overview Founded: 2015 Headquarters: Shanghai, China Number of employees: 12,992 (2022) Industry: Internet, Agricu...

November 29, 2023
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FX Analysis – EUR and GBP rally on PMIs, USDJPY tests key level.

Markets were predictably quite due to holidays in the US and Japan on Thursday. USD was marginally softer overall with DXY dropping to test the support at the 200-day MA before recovering modestly amid the holiday lull for Thanksgiving. Source:TradingView.com EURUSD managed mild gains with price action choppy around the 1.0900 level but ev...

November 24, 2023
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