- US stock opened in mixed modds
- Separatist leaders in eastern Ukraine order evacuation of civilians
- Roku (ROKU.US) and DraftKings (DKNG.US) shares plummet following release of quaterly results
US indices launched the final session of the week mixed as investors remained focused on the Russia-Ukraine conflict. Ukraine on Thursday accused pro-Russian separatists of attacking a village near the border. In the US, meanwhile, Secretary of State Antony Blinken spoke to the United Nations and warned that the situation is at a “moment of peril.” Today Separatist leader in Eastern Ukraine announced evacuation of residents to Russia which many observers see as a sign that invasion may start soon. Meanwhile, Blinken agreed to meet with Russian foreign minister Sergei Lavrov next week, hoping for a diplomatic solution. Due to ongoing tensions major US indices are heading towards a second weekly decline. Volatility may increase in the afternoon and evening as 4 Fed members are set to speak.
US100 fell sharply today after a failed attempt to break above local resistance around 14350 pts. If current sentiment prevails, retest of major support at 14000 pts is possible. Source: xStation5
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DraftKings (DKNG.US) stock plunged nearly 16% in premarket despite the sports-betting company posted better than expected quarterly results. However, the firm provided disappointing guidance as it expects larger than expected full-year loss due to rising costs.
DraftKings (DKNG.US) stock broke below the lower limit of the triangle formation and 200 SMA (red line) during yesterday's session and downbeat moods continue on Friday. Stock launched today's session with a massive bearish price gap and if current sentiment prevails downward move may accelerate towards support at$ 17.50, where January 2022 lows are located. Source: xStation5
Roku (ROKU.US) sinked more than 25.00% before the opening bell after the video streaming device maker missed revenue estimates and presented a weak forecast that projects TV unit sales to remain below pre-Covid levels.
Deere (DE.US) stock rose over 1% in premarket after the producer of heavy equipment posted quarterly earnings of $2.92 per share, easily beating analysts’ estimates of $2.26. Revenue figures also surprised on the upside. The company raised its full-year profit forecast, as it expects solid demand for its tractors and combines from farmers flush with cash after a run-up in grain prices.
Shake Shack (SHAK.US) stock fell 14% before the start of the US session after the burger chain forecast posted quarterly results which came in line with market estimates as the Omicron surge kept diners away. However the company issued a downbeat current-quarter forecast amid increasing costs.
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