- US30 and US500 move higher, while US100 lags
- Russia says ready to hold talks with Ukraine
- Foot Locker (FL.US) stock plunges as outlook overshadows earnings beat
US indices launched today's session mostly higher as news that President Putin is allegedly open to sending a delegation for talks with Ukraine lifted market sentiment. President Putin and Chinese President Xi Jinping had a call on Friday and Putin said Russia is willing to conduct high-level negotiations with Ukraine, according to a statement on the Chinese foreign ministry website. Also new information emerged, that Chinese state banks will restrict financing for Russian commodities.
US100 fell sharply during yesterday's session however sellers failed to break below major support at 13000 pts and index rebounded sharply. Currently US100 is testing a major resistance zone around 14000 pts which coincides with the upper limit of the 1:1 structure, 50 SMA (green line) and upper limit of the descending channel. Should break higher occur, upward move may accelerate towards next resistance at 14350 pts. Source: xStation5
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Foot Locker (FL.US) stock plunged over 25.0% before the opening bell, despite upbeat quarterly figures. However the athletic apparel and shoe retailer issued disappointing full-year profit and comparable-store sales guidance. The company cited changes in its vendor mix as well as a decline in fiscal stimulus versus a year ago.
Foot Locker (FL.US) stock launched today's session with a massive bearish price gap and is currently trading below major support zone around $31.00 marked with lower limit of the 1:1 structure and 61.8% Fibonacci retracement of the upward move from March 2020. If current sentiment prevails, next support at $23.85 may be at risk. Source: xStation5
Tesla (TSLA.US) stock rose 1.4% in premarket after Daiwa upgraded its stance on the electric car manufacturer to “outperform” from “neutral”, saying the rising gasoline prices could accelerate EV demand.
Dell Technologies (DELL.US) fell 9.0% in premarket as company forecasts order backlog will increase in the current quarter as supply chain issues limit its ability to fulfill strong order demand.
Etsy (ETSY.US) stock skyrocketed more than 17.0% in premarket after the online crafts marketplace posted better than expected quarterly figures. Company earned $1.11 per share, well above analysts’ estimates of 79 cents, as demand remains elevated.
Coinbase (COIN.US) shares fell 2% in premarket despite the cryptocurrency exchange reporting upbeat quarterly results. Company earned $3.32 per share, easily beating market consensus of $1.85. Revenue also topped analysts' predictions, however market volatility will negatively affect transaction volume this quarter.
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