- US durable goods orders below expectations
- Albertsons (ACI.US) stock fell 2% despite good quarterly earnings
- Tesla (TSLA.US) reports earnings after the closing bell
US indices launched today's session higher as investors prepare for a busy week filled with quarterly reports from major US companies, fresh US economic data and Fed monetary policy decisions. Tesla will provide its quarterly figures today after the market closes. With 25% of the companies in the S&P 500 reporting first-quarter results, 84% have reported a positive per-share earnings surprise and 77% have topped revenue estimates, according to CNBC. Meanwhile, the White House is expected to provide more details regarding American Families Plan of roughly $1 trillion this week. On the data front, new orders for US manufactured durable goods fell 0.5 % month-over-month in March of 2021, well below market forecasts of a 2.5 % increase.
US2000 broke above the major resistance zone at 2248 pts on Friday and currently the index is approaching next resistance at 2305.3 pts. Source: xStation5
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Create account Try a demo Download mobile app Download mobile appAlbertsons (ACI.US) shares fell more than 2% in premarket despite the fact that the grocery store operator posted upbeat quarterly figures. Company earned 60 cents per share while analysts expected earnings of 51 cents per share. Revenue also came in above market estimates. However Albertsons expects that comparable sales for the current fiscal year will decline in the range between 6% and 7.5%.
Albertsons (ACI.US) stock last week broke below the lower limit of the broadening wedge pattern and both 50 SMA (green line) and 200 SMA (red line). Today one can see that the downward move is being continued after the US open. Stock price is approaching major support at $18.24. Should a break lower occur then downward move may be extended towards next support at $17.12. On the other hand, if buyers will manage to halt declines there, then another upward impulse towards resistance at $19.86 could be launched. Source: xStation5
Johnson & Johnson (JNJ.US) Covid-19 vaccine will be administered again in the US after federal regulators recommended that a pause be lifted. Also Bloomberg reported that, J&J is reviving plans to sell its Mentor Worldwide breast implant unit. Those plans were put on hold last year due to the pandemic.
Apple (AAPL.US) is planning to invest $430 billion in order to increase its U.S. footprint and create 20,000 new jobs across the country over the next five years. iPhone maker will invest in a variety of sectors including semiconductors and 5G technology.
Coinbase (COIN.US) stock rose more than 4.0% in premarket trading, as the cryptocurrency exchange’s shares are benefiting from a rebound in the price of bitcoin.
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