October 29, 2021 9:47 am
The basic US indices advanced yesterday boosted by the general optimism in the tech sector, as well as the online retailing. The Nasdaq reached a new record hi at 15448.12, with a daily gain of 1.39%, the DJIA and S&P500 added respectively .68% and .98% to their market values. Oil did not manage to correct […]
Read moreOctober 29, 2021 7:44 am
Nokia’s third-quarter operating profit, reported on Thursday, outstripped market expectations due to robust demand for 5G gear. “The 5G market is still growing and we expect that it will still take a couple of years before it reaches its peak,” Nokia’s Chief Executive Officer Pekka Lundmark, was quoted as saying by Reuters. Nokia’s third-quarter net […]
Read moreOctober 28, 2021 12:33 pm
The stock markets stepped back from their recent his yesterday, with corrections of .74% and .51% for the DJIA and S&P500 respectively. Nasdaq was spared with the bearish market wave, namely due to the stellar performance of its tech-giants, MSFT and GOOGL, both of which had posted favorable corporate results in the previous day’s after-hours […]
Read moreOctober 28, 2021 7:54 am
Advanced Micro Devices Inc (AMD) forecast earlier this week higher fourth-quarter revenue than market expectations, as it expects to cope with supply chain issues and to satisfy robust demand for chips used in gaming consoles and data center servers. AMD said it expected its revenue to come in at $4.5 billion plus or minus $100 […]
Read moreOctober 27, 2021 9:36 am
General Motors Company (GM) said on Tuesday that it would install up to 40,000 electric vehicle charging stations in the United States and Canada, as part of the company’s $750 million initiative to expand its positions in the fast growing sector. The company said that it would expand home, workplace and public charging infrastructure through […]
Read moreOctober 27, 2021 7:20 am
KPN NV’s third-quarter adjusted earnings, reported on Tuesday, came in line with expectations, while the company reiterated its full-year earnings forecast. Adjusted earnings before interest, taxes, depreciation, amortization and leases (EBITDAL) were reported at EUR 607 million during the quarter ended on September 30th, up from EUR 598 million a year ago. Expectations, according to […]
Read moreOctober 27, 2021 6:36 am
The DJIA reached a new record hi yesterday, up to 35756.88, with a 0.04% gain, the S&P furthered with a .18% gain and the Nasdaq added .06% to its market value. The extremely favorable corporate results on the earnings releases are a logical and indisputable driving factor for the broad indices’ his. So far approximately […]
Read moreOctober 26, 2021 8:06 am
Kroger Company (KR) said on Monday that its Home Chef meal solutions brand had reached $1 billion in annual sales. Home Chef was established by Pat Vihtelic in 2013, while it merged with Kroger in 2018. Home Chef offers over 500 products across a number of categories, including meal kits, heat-and-eat meals, ready-to-eat products, seasonal […]
Read moreOctober 25, 2021 7:30 am
VF Corp’s (VFC) quarterly revenue and earnings, reported last Friday, fell short of analyst estimates, as the apparel manufacturer faced product delays stemming from global supply chain disruptions as well as production shortfalls in Vietnam. The Vans owner reported a 23% year-on-year surge in total revenue to $3.20 billion during the fiscal second quarter, while […]
Read moreOctober 25, 2021 7:02 am
In the week 18th – 22nd October stocks hit an all-time hi after the S&P 500 completed a seven-day winning streak, backed up by the earnings release. Factors such as the surrounding troubles with the constantly high “temporary inflation”, the pending tapering, the supply shocks, the high energy prices and the pandemics restrictions were largely […]
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