- US stock trade mixed
- Hasbro (HAS.US) gains in premarket on strong quarterly earnings
- Tesla (TSLA.US) to report earnings after the closing bell
US indices launched today's session in mixed moods after all three major averages finished at record closing highs on Friday. This week investors’ will focus on the FOMC decision on Wednesday and quarterly earnings from technology’s heaviest hitters including Apple, Alphabet, Microsoft and Facebook. Investors' favourite Tesla (TSLA.US) will report Q2 earnings today after market close. Meanwhile, US-listed shares of large Chinese companies fell in pre-market trading, following a big sell-off in Chinese and Hong Kong markets amid regulatory pressure and reforms from Beijing.
Contrary to the three major indexes US2000 launched the week in upbeat mood and broke above major resistance at 2206 pts which coincides with 50 SMA (green line) and 61.8 Fibonacci retracement of the recent upward wave. If buyers manage to uphold momentum, then upward impulse could be extended to the resistance at 2258 pts. On the other hand, if sellers manage to halt advances, then another downward impulse towards support at 2160 pts may be launched. Source: xStation5
Hasbro (HAS.US) stock rose more than 4% in premarket after the company posted upbeat quarterly figures. The toymaker earned $1.05 per share, well above analysts’ estimates of 47 cents, revenue also topped market estimates. Hasbro saw its film and tv-related businesses return to growth following the pandemic, and also saw strong results in its Wizards division thanks to the popularity of “Dungeons & Dragons” and “Magic: The Gathering.”
Hasbro (HAS.US) stock launched today’s session sharply higher and is testing the upper limit of the triangle formation. Should a break higher occur, then upward move may be extended towards $101.25 handle or even $110.00 resistance where pre-pandemic high is located. Source: xStation5
Amazon (AMZN.US) stock rose 0.5% amid speculation that the e-commerce giant may accept digital currencies payments after it advertised last week a vacancy for a digital currency product lead.
Lockheed Martin (LMT.US) posted quarterly earnings of $6.52 per share, including a 61 cent charge related to performance issues at a classified program slightly below market estimates of $6.53, while revenue topped Wall Street projections. The defense contractor also lifted its full-year guidance, but shares fell 2.6% in premarket trading.
Alibaba (BABA.US) ADR dropped more than 3.0% and Baidu (BIDU.US) ADR lost nearly 4.0% in premarket as the Chinese stocks listed in the U.S. suffered from the extended regulatory clampdown by Beijing.
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