- S&P 500 (US500) reached new all-time high
- US CPI inflation above expectations
- RH (RH.US) stock surges on upbeat earnings and guidance
US indices launched today's session sharply higher, with S&P 500 climbed to an all-time high as investors digested recent CPI inflation figures which showed a bigger-than-expected increase in price pressures. Also weekly initial jobless claims also came in above forecasts at 376K. Now market participants will try to assess how mixed economic figures will affect Fed policy.
US30 broke below the lower limit of the triangle formation during today’s session however sellers failed to uphold momentum and index resumed upward move. Should a break above the upper limit occur, another upward impulse towards all-time high at 35019 pts may be launched. Source: xStation5
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Create account Try a demo Download mobile app Download mobile appRH (RH.US) stock jumped more than 8.0% in premarket after the home furnishings retailer posted upbeat quarterly figures. Company earned $4.89 per share, while analysts expected $4.10 a share. Revenue also beat expectations and the company raised its full-year outlook.
RH (RH.US) stock launched today’s session with a massive bullish price gap following the release of the quarterly earnings report. If the current sentiment prevails, the upward move may be extended to the all-time high at $731.89. Source: xStation5
Signet Jewelers (SIG.US) shares rose more than 6.0% in premarket after the company reported quarterly earnings of $2.23 per share which smashed market estimates of $1.27 per share. Revenue also surprised on the upside as same-store sales more than doubled from a year earlier. The jewelry retailer also lifted its full-year revenue forecast.
GameStop (GME.US) stock fell more than 8% in premarket after the games retailer said it planned to offer more shares and disclosed that regulators are investigating trading of its stock. Company also hired two former Amazon (AMZN.US) executives to top positions, with Matt Furlong named CEO and Mike Recupero tapped as chief financial officer. Gamestop also posted upbeat quarterly figures.
Investors will pay attention to Clover Health (CLOV.US), Wendy’s (WEN.US), WWE (WWE.US), Clean Energy Fuels (CLNE.US) – the newest of the so-called “meme stocks’, due to rising social media hype. Health insurance provider Clover rose 2.9% in the premarket after a 23.6% drop Wednesday; Wendy’s gained 1.5% after plunging 12.7% yesterday; and wrestling and entertainment company WWE rose 1.2% premarket after a 10.9% jump Wednesday. Clean Energy Fuels – a California-based natural gas provider – rallied 5.6% in premarket trading after a 31.5% surge Wednesday.
