Watchlist – 24th June 2022

FDX.NY 2.65% Fedex Corp – Posted higher quarterly earnings and issued a stronger-than-expected full-year forecast on Thursday, J.P. Morgan raised its PT to $284 from $279, saying FY23 outlook came in better than expected despite economic headwinds. FDX reported Q4 revenue of $24.4 bln, up from $22.6 bln a year earlier. Non-GAAP net income of […]

Watchlist – 23rd June 2022

SNOW.NY 5.90% Snowflake Inc – J.P. Morgan upgrades stock to “overweight” from “neutral”, saying SNOW enjoys excellent standing among customers. The note mentions “Snowflake’s broad-based appeal being underscored by its large, fast growing blue-chip customer base, while its existing customers continue to expand at a rapid pace as well”. Brokerage expects co to continue to […]

Watchlist – 22nd June 2022

OIL.STOCKS -3.47% Oil Stocks – Down more than 3% across the group this morning on a sharp pull back in crude prices, U.S. President Joe Biden is set to announce plans for a fuel tax holiday today in a continued effort to cut fuel costs for drivers and amid concerns over a potential economic recession […]

Watchlist – 21st June 2022

BIGTECH.STOCKS 1.66%Big Tech – Set to bounce back as a group this morning after being among the worst off last week after widespread selloff on recession fears. U.S. Federal Reserve on Thursday announced the largest interest rate hike since 1994, raising fears that aggressive tightening could tip the economy into recession. All major names in the […]

Watchlist – 16th June 2022

Morning MoversWatch us on YouTube Live at 8:30AM EST OIL.STOCKS -3.47% Oil Stocks – Down more than 3% across the group this morning on a sharp pull back in crude prices, U.S. President Joe Biden is set to announce plans for a fuel tax holiday today in a continued effort to cut fuel costs for […]

Watchlist – 15th June 2022

Morning MoversWatch us on YouTube Live at 8:30AM EST CRYPTO.STOCKS -3.12%Crypto Stocks – Down between 2%-8% premarket on another overnight sell off in BTC, prices fell to their lowest level since December 2020 tumbling for a ninth straight day and down more than 8% holding above $20k; BTC has lost around 24% so far this week […]

Watchlist – 14th June 2022

Morning MoversWatch us on YouTube Live at 8:30AM EST ORCL.NY 11.62%Oracle Corp – Higher after posting Q4 adj. EPS of $1.54 on rev of $11.84 bln vs. est. for EPS of $1.37 on revenue of $11.66 bln. ORCL said it now expects Q1 revenue to grow between 17-18% vs. est. of 14.1% revenue growth as the […]

Watchlist – 13th June 2022

Morning MoversWatch us on YouTube Live at 8:30AM EST BIGTECH.STOCKS -3.04%Big Tech – Lower as a group this morning set to extend Friday’s slide after data showed inflation in the U.S. climbed to a 40-year high in May, META, AMZN, AAPL, MSFT, GOOGL are all down sharply in premarket trading. Data on Friday showed that U.S. […]

Watchlist – 10th June 2022

Morning MoversWatch us on YouTube Live at 8:30AM EST CHINAADR.STOCKS 3.55%Chinese ADRs – Higher as group for the third straight morning on continued reopening positivity coming up of China, the group faded early gaps and relative strength yesterday. Multiple positive analysts notes on the tech focused names as regulators look to boost support for the sector. […]

Watchlist – 9th June 2022

Morning MoversWatch us on YouTube Live at 8:30AM EST BABA.NY -3.86%Alibaba Group – Shares are tumbling premarket after China’s securities regulator said it had not yet conducted any assessment regarding a revival of Ant Group’s IPO, the comments follow an earlier Bloomberg report that suggested the regulator was open to riving the IPO. Hopes of China […]