- US stock open mixed
- Robinhood (HOOD.US) shares plunges as crypto trading dries up
- Alphabet (GOOGL.US) stock slightly lower despite strong earnings
US indices launched today's session in mixed moods after the Dow Jones Industrial Average and S&P closed at record highs as earnings season continues. Coca-Cola, McDonald’s and GM posted better-than-expected while Boeing figures disappointed. Also, Microsoft and Alphabet posted a record quarterly revenue, along with Twitter after stating that Apple’s privacy updates had less of an impact on its results. Ford and eBay will release their quarterly results after the closing bell. On the data front, new orders for US durable goods declined 0.4% mom in September, following a downwardly revised 1.3% rise in August and compared to analysts' estimates of a 1.1% decline. It is the first decline in five months, due to ongoing supply chain disruptions.
US2000 bounced off the resistance at 2322 pts during yesterday's session and today's index broke below the upward trendline. If current sentiment prevails, downward move may accelerate towards support at 2258 pts which is marked with the lower limit of the 1:1 structure and EMA 100 (purple line). Source: xStation5
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Alphabet (GOOGL.US) stock fell slightly after the company reported Q3 revenue at $65.12 billion (exp. $63.34 billion) and Q3 EPS at $27.99 (exp. $23.48). Cloud revenue reached $4.99 billion (exp. $5.07 billion) while YouTube ad revenue reached $7.20 billion (exp. $7.40 billion).
Alphabet (GOOGL.US) stock launched today’s session and tests 200 SMA (red line). Should a break lower occur, downward impulse towards next support at $2740 may be launched. This level coincides with 38.2% Fibonacci retracement of the last downward wave and lower limit of the triangle formation. On the other hand, if buyers manage to push price higher, then upward move may accelerate towards resistance at $2862 which is strengthened by 78.6% Fibonacci retracement, upper limit of the triangle formation. Source: xStation5
Robinhood (HOOD.US) stock plunged more than 8.0% in premarket, after the trading platform operator posted a larger-than-expected loss and quarterly revenue that missed estimates. Robinhood shares tanked as the firm posted lower than expected digital asset trading revenue.
Microsoft (MSFT.US) stock rose nearly 2% in premarket, after the company reported Q3 revenue at $45.32 billion (exp. $43.97 billion) and Q3 EPS at $2.27 (exp. $2.07). Company weaker Windows sales with global PC supply constraints. Cloud sales remain solid.
McDonald’s (MCD.US) stock jumped over 3.0% in premarket as the fast food giant reported quarterly earnings of $2.76 per share, 30 cents above estimates and strong global revenue growth, helped by higher prices and the popularity of newer menu items.
Coca-Cola (KO.US) stock rose 2.9% in the premarket after the beverage giant posted better than expected quarterly figures and raised its full-year guidance. Coca-Cola reported adjusted quarterly earnings of 65 cents per share, 7 cents above estimates. Results were helped by reopening of theaters and restaurants.
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