市場新聞與洞察

Uber Technologies Inc. (NYSE: UBER) released its latest earnings results before the market open in the US on Tuesday. Let’s see how it performed in Q3. Company overview Founded: March 2009 Headquarters: San Francisco, California, United States Number of employees: 32,800 (2022) Industry: Transportation, food delivery Key people: Ronald Sugar (Chairman), Dara Khosrowshahi (CEO) The results The company reported revenue of $9.292 billion for the quarter (up by 11% year-over-year), missing analyst estimate of $9.539 billion.

Earnings per share (EPS) reported above estimates at $0.10 per share vs. $0.071 per share expected. Uber completed 2.4 billion trips during the quarter, up by 25% during the same period last year. Monthly active platform consumers reached 142 million in Q3, up by 15% year-over-year.

CEO and CFO commentary "Our relentless focus on improving the product experience for both consumers and drivers continued to power profitable growth, with trip growth accelerating to 25%," Uber CEO, Dara Khosrowshahi said in a statement. "Uber’s core business is stronger than ever as we enter the busiest period of the year," Khosrowshahi added. "Strong topline trends and record profitability demonstrate the durability of our growth and the significant earnings power underlying our platform," Nelson Chai, CFO of the company said about the latest results. "We continue to make disciplined investments in growth opportunities to support long-term value creation for all stakeholders," Chai concluded. The stock was up by around 1% on Tuesday, trading at the highest level since 11th September at $48.94 a share. Stock performance 1 month: +5.49% 3 months: +8.92% Year-to-date: +98.91% 1 year: +79.26% Uber price targets Keybanc: $50 Seaport Global: $51 Needham: $60 RBC Capital: $58 Wells Fargo: $59 Loop Capital: $58 JP Morgan: $56 Truist Securities: $60 Morgan Stanley: $60 Uber is the 131st largest company in the world with a market cap of $100.92 billion, according to CompaniesMarketCap.

You can trade Uber Technologies Inc. (NYSE: UBER) and many other stocks from the NYSE, NASDAQ, HKEX, ASX, LSE and DE with GO Markets as a Share CFD. GO Markets now offers pre-market and after-market trading on popular US Share CFDs. Trade the pre-market session: 4:00am to 9:30am, normal session, and after-market session: 4:00pm to 8:00pm, Eastern Standard Time.

Why trade during extended hours? Volatility never sleeps. Trade over earnings releases as they happen outside of main trading hours Reduce your risk and hedge your existing positions ahead of a new trading day Extended trading hours on popular US stocks means extended opportunities Sources: Uber Technologies Inc., TradingView, MarketWatch, MetaTrader 5, Benzinga, CompaniesMarketCap, Wikipedia

Meta Platforms Inc. (NYSE:META) announced its latest financial results after ther market close in the US on Thursday. Marc Zuckerburg’s company crushed analyst estimates for the quarter. Let’s take a closer look at how the company and the stock has performed.

The results Meta reported revenue of $34.146 billion for Q3 (up by 23% year-over-year) vs. $33.579 billion expected. EPS reported at $4.39 per share (up by 168% year-over-year) vs. $3.643 per share estimate. The company expects revenue of around $36.5 to $40 billion in Q4.

CEO commentary "We had a good quarter for our community and business," Mark Zuckerberg, CEO of Meta Platforms said in a statement to investors. "I'm proud of the work our teams have done to advance AI and mixed reality with the launch of Quest 3, Ray-Ban Meta smart glasses, and our AI studio," Zuckerberg added. The stock The stock was down by 3.73% at $288.35 a shon Thursday before the latest earnings were announced. However, the stock has experienced a tremendous year so far and is up by over 130% year-to-date.

Stock performance 1 month: -3.95% 3 months: -11.41% Year-to-date: +139.61% 1 year: +190.68% Mate Platforms stock price targets Truist Securities: $405 RCB Capital: $400 Piper Sandler: $355 Wedbush: $350 Wells Fargo: $380 Barclays: $400 Rosenblatt: $411 Keybanc: $380 JP Morgan: $400 Meta Platforms is the 7th largest company in the world with a market cap of $741.01 billion. You can trade Meta Platforms Inc. (NASDAQ:META) and many other stocks from the NYSE, NASDAQ, HKEX, ASX, LSE and DE with GO Markets as a Share CFD. GO Markets now offers pre-market and after-market trading on popular US Share CFDs, including Meta Platforms.

Trade the pre-market session: 4:00am to 9:30am, normal session, and after-market session: 4:00pm to 8:00pm, Eastern Standard Time. Why trade during extended hours? Volatility never sleeps.

Trade over earnings releases as they happen outside of main trading hours Reduce your risk and hedge your existing positions ahead of a new trading day Extended trading hours on popular US stocks means extended opportunities Sources: Meta Platforms Inc., TradingView, MarketWatch, Benzinga, CompaniesMarketCap

Nvidia has been the star of the US markets since the AI hype kicked off late 2022. The trillion-dollar chip manufacturer’s shares have almost tripled in 2023 alone, with the price increasing every month so far this year. In May, Nvidia surprised the markets by posting earnings and revenue figures well above analysts’ expectations.

This sent price rocketing and adding almost $184B USD to the market cap during the following daily session. Nvidia is set to release their Q2 results on Wednesday, so the markets will be watching to see if they have been able to maintain the strong momentum over the past quarter. Markets are estimating earnings of $2.076B and revenue of $11.14B.

Technically, the price has been ranging sideways between $400-$480 since around June 2023. There is a strong support level around $400 that held multiple times in the past few months, so this will be a key level to hold if the earnings on Wednesday are below expectations. If earnings beat expectations, the price could head back north towards the resistance zone at about $470.

Traders will be watching this level to see if there is enough momentum to break through to all- time highs again. With the AI hype cooling off slightly over the past few months, it will be interesting to see how Nvidia performed over the past quarter and if the momentum was sustainable.

In 2022, it was believed that the Bank of Japan (BoJ) intervened three times, in September when the USDJPY was at 145.80, and in October and November when the USDJPY was at the 151.50 and 146.50 price levels respectively. For each of the 3 interventions, the USDJPY reversed strongly by more than 500pips. With the recent steady climb in the USDJPY in August, rising from 138 to the high of 146.50, there have been increasing comments from members of the BoJ and Japanese government regarding the need for an intervention.

The BoJ has avoided interventions, possible for the interim, by announcing increased flexibility on its yield-curve control (YCC). However, the markets viewed the action as insufficient and the stronger DXY continued to take the USDJPY higher. Continued upside on the USDJPY cannot be ruled out, especially if the DXY continues to strengthen significantly.

However, if the USDJPY continues to trade between the 145 and 146.50 price range, the possibility for an intervention from the BoJ increases. For an impactful intervention, the scale and timing of the decision would not be scheduled. A signal would be based on price volatility, in this case, if the USDJPY breaks through the bullish Ichimoku cloud and down from the 145-round number support level, which aligns with the 23.6% Fibonacci retracement level.

A reversal of 500 pips, similar to previous interventions, could see the USDJPY retest the trendline, along the 140 price level, with interim support at the 61.8% Fibonacci retracement and 141.60 price level.

USDJPY briefly pushed above 145 in today’s session before a sharp pullback, with traders wary of recent jawboning from Japanese officials regarding the “one sided” trade in the Yen may be setting the Japanese MoF up for another round on FX intervention that we saw late in 2022. Some sharp moves in the Yen in the last day have had traders speculating the MoF may have already intervened on a small scale but there was no official confirmation of intervention, MoF officials said they have no comment on the matter, but “they are mindful of the one-sided moves”. Looking at a close up of last years price action in the USDJPY may give traders a clue as to what to expect, with minor interventions seeing USDJPY spike lower, only to rise again until a major intervention or surprise policy change sustains a move lower in the cross rate.

This is a fairly predictable scenario from my experience with JPY interventions over the years. Any USDJPY traders would be wise to be familiar with the price action from these previous intervention efforts.

The USD/CAD pair experienced a relatively uneventful session after Bank of Canada (BoC) decided to keep interest rates on hold. However, what caught the attention of traders was the hawkish tone in the central bank's language. Similar to many central banks globally, the BoC is cautious about raising rates further until they thoroughly assess the inflation landscape.

Still, they've left the door open for potential rate hikes in the future. Surprisingly, this hawkish stance from the BoC didn't have a significant impact on the Canadian dollar against the US. The strength of the US dollar remained dominant, keeping the USD/CAD pair relatively flat during the session.

Currently, the pair finds itself at a crucial resistance level, which it has unsuccessfully attempted to breach three times since April. The BoC's hawkish language appears to have halted the pair's upward momentum, preventing a breakout, but wasn’t enough to push the pair south. Since mid-July, the USD/CAD pair has experienced an impressive 4% surge, driven by a resilient US dollar and the US Federal Reserve's commitment to maintaining higher interest rates to combat inflation.

However, from the technical view, a slightly bearish divergence is forming on the daily RSI, indicating the move might be running out of steam and a potential correction could be on the cards. In this high inflation environment, the pair's direction will likely hinge on crucial upcoming data releases in the weeks ahead. In addition to the technical setups, traders should keep a close watch on the fundamentals to help navigate potential shifts in direction.