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Adobe beats estimates and reaches $5 billion quarterly revenue for the first time
US software giant, Adobe Inc. (NASDAQ: ADBE), reported Q4 and fiscal year 2023 financial results after the market close in the US on Wednesday. Company overview Founded: December 1982 Headquarters: San Jose, California, United States Number of employees: 26,000 (2022) Industry: Software Key people: Shantanu Narayen (Chairman &am...
December 14, 2023Read More >FX Analysis – Dollar dumps, Gold surges on Fed pivot
Wednesdays FOMC meeting was always going to be about whether we’d see a hawkish pushback against market expectations of a dovish Fed in 2024, or a validation of those expectations, from the market reaction to the meeting, traders decided the latter is the conclusion. Rates were kept on hold at 5.35%-5.5% as expected but the updated dot plot an...
December 14, 2023Read More >Johnson Controls International results announced – the stock is down
On Monday, Citigroup raised its target price for the Irish multinational conglomerate, Johnson Controls International plc (NYSE: JCI), from $58 to $61 a share. On Tuesday, Johnson Controls announced its latest financial results for its fiscal fourth 2023. Let’s see how it performed. Company overview Founded: 1885 Headquarters: Cork,...
December 13, 2023Read More >FX Analysis – Gold continues slide, USD bid ahead of CPI, JPY dumps
USD was mildly bid on Monday ahead of a very busy calendar starting with US CPI later today. The US Dollar Index (DXY) rose to a high of 104.26, testing its trendline resistance before paring back to finish the session modestly in the green. DXY continuing to trade in the tight range between its 200-Day MA to the downside and resistance at around 1...
December 12, 2023Read More >Oracle revenue falls short of Wall Street estimates – the stock is falling
US software and hardware manufacturer, Oracle Corporation (NYSE: ORCL), announced results for its fiscal 2024 second quarter after the market close on Monday. Company overview Founded: June 16, 1977 Headquarters: Austin, Texas, United States Number of employees: 164,000 (2023) Industry: Enterprise software, business software, cloud...
December 12, 2023Read More >FX Analysis – Yen surges on hawkish BoJ, Gold holds key level, AUDUSD bounces off key support
Equities were green across the board in Thursday’s session, led by the Nasdaq which was up almost 200 points on renewed AI optimism after Google unveiled its newest AI model, Gemini. But it was the FX space where the big moves happened. JPY surged to have its best day of 2023 on the back of hawkish commentary from Bank of Japan Governor Ueda h...
December 8, 2023Read More >lululemon posts better-than-expected results
World’s second largest sporting goods company, lululemon athletica inc. (NASDAQ: LULU), released Q3 2023 financial results after the closing bell on Wall Street on Thursday. Company overview Founded: 1998 Headquarters: Vancouver, British Columbia, Canada Number of employees: 34,000 (2023) Industry: Sportswear Key people: Calvi...
December 8, 2023Read More >Broadcom fourth quarter and full-year results are here
US technology giant and one of the largest semiconductor companies in the world, Broadcom Inc. (NASDAQ: AVGO), announced fourth quarter and fiscal year 2023 results after the market close in the US on Thursday. Company overview Founded: 1961 Headquarters: San Jose, California, United States Number of employees: 20,000 (2023) Indust...
December 8, 2023Read More >AutoZone latest financial results announced
The largest US retailer of aftermarket automotive parts, AutoZone (NYSE: AZO), released its latest earnings report for its fiscal first quarter that ended on November 18, 2023, before the US market opened on Tuesday. Company overview Founded: July 4, 1979 Headquarters: Memphis, Tennessee, United States Number of employees: 119,000 (20...
December 6, 2023Read More >NIO Q3 results have arrived – the stock is rising
Chinese electric vehicle company, NIO Inc. (NYSE: NIO), reported Q3 results before the opening bell in the US on Tuesday. Company overview Founded: November 2014 Headquarters: Shanghai, China Number of employees: 20,000+ (2023) Industry: Automotive Key people: William Li (CEO), Lihong Qin (President), Wei Feng (CFO) The resul...
December 6, 2023Read More >FX Analysis – USD pushes above key level, AUD ahead of the the RBA
USD bounced back to start the first full week of December after a horror run in November where the Dollar Index (DXY) fell around 3%. DXY breaking through the 200 Day SMA resistance and printing a high of 103.850. Sour risk sentiment and higher treasury yields (particularly in the short end) helping DXY erase the Powell inspired drop on Friday. W...
December 5, 2023Read More >Kroger tops third quarter expectations
One of the largest food retailers in the United States, Kroger Co. (NYSE: KR), announced Q3 earnings results before the opening bell in Wall Street on Thursday. Company overview Founded: 1883 Headquarters: Cincinnati, Ohio, United States Number of employees: 465,000 (2022) Industry: Retail Key people: Rodney McMullen (CEO & ...
December 1, 2023Read More >Salesforce shares rise in after-hours as earnings results top estimates
Salesforce Inc. (NYSE: CRM) reported its latest financial results after the closing bell in the US on Wednesday. World’s leading customer relationship management company topped both revenue and earnings per share estimates (EPS) for the third quarter of fiscal 2024. Company overview Founded: February 3, 1999 Headquarters: Salesforce...
November 30, 2023Read More >FX Analysis – USD continues decline on dovish Fedspeak, JPY outperforms, AUD and NZD breakout
USD continued its recent decline on Tuesday with the US dollar index (DXY) hitting its lowest level since mid-August at 102.60 before finding some support at the 61.8 Fib level. The decline accelerated after voting Fed member Waller who is seen as a hawk, made some dovish remarks regarding rates and inflation namely he was “increasingly confide...
November 29, 2023Read More >Intuit results announced
US business software company Intuit Inc. (NASDAQ: INTU) announced the latest financial results for first quarter of fiscal 2024 after the closing bell in the US on Tuesday. Company overview Founded: 1983 Headquarters: Mountain View, California, United States Number of employees: 18,200 (2023) Industry: Enterprise software Key pe...
November 29, 2023Read More >