Yesterday's sell-off damaged the S&P 500's 50-day moving average. While we initially saw a bounce back at the opening, it didn't hold. This makes the 5925 level a critical point to watch as we head toward the end of the year. For those keeping an eye on the charts, a trendline has been intact since the low in October 2023. Although it was breached during the...
Why do I think that TWLO should be attractive BUY at these price levels: Our top pick Twilio (TWLO) reported Q2 Non-GAAP EPS of $0.87, beating estimates by $0.17, with revenue of $1.08 billion, up 4% year-over-year. The company reported more than 316,000 active customer accounts as of June 30, 2024, compared to over 304,000 in the prior year. Twilio’s Q3 revenue...
www.ki-wealth.com Unity Software is set to release its second quarter 2024 financial results on August 8, 2024, after the market closes. The market consensus estimates for Unity’s Q2 2024 financial results are as follows: Revenue: Expected to be between $420 million and $425 million, which represents a year-over-year decline of 6% to 7%. Adjusted EBITDA:...
Our recent recommended top pick from Healthcare sector: PFE: released better than expected financial results; raised full year guidance; The company’s earnings per share (EPS) in the second quarter stood at $0.60, surpassing the consensus estimate of $0.46. Revenue came in at $13.3 billion, also above the projected $13.03 billion. Pfizer reported adjusted...
Q4 2024 financial results – solid performance is expected Cisco Systems is scheduled to release its Q4 2024 financial results on August 14, 2024, after the U.S. market closes. Regarding expectations, Cisco has forecasted Q4 revenue between $13.4 billion and $13.6 billion, which is above analysts’ estimates of $13.23 billion. The company has also projected...
FLEX is rated “Buy” with a 12-month target price of 33.92, a 14.13% upside from the current price of 29.72. Our in-house valuation suggests fair price of $42 per share, implying attractive 41% upside potential for the stock in the next 12-months period. Technical Chart indicates that the stock is close to breakout the 100 -days MA. The company is reporting today...
Global LNG demand is expected to rise significantly by 2040, driven by industrial coal-to-gas switching in China and increased usage in South Asian and Southeast Asian countries to support economic growth. As OPEC+ decided to prolong crude oil supply cuts, we may see surge in natural gas prices and in LNG price. Going into the summer months LNG prices will also be...
Zscaler (ZS) released solid financial results, above consensus expectations with positive surprise. In addition, ZS provided upbeat guidance for the Full year 2024 and for the next quarter, highlighting continuing growth (above market expectations) Although on a technical chart the stock looks like a SELL, I see very limited downside potential for the stock given...
BSX share price looks like it will go more to the upside. Especially after BSX reported its 1Q 2024 financial results and lifted up full year 2024 financial guidance. Another positive trigger will occur end of May - June as the company should announced completion of the acquisition of Axonics (AXNX). Technicalls the Daily chart looks also attractive. I would...
Despite possible sideway fluctuations, SPX is on its way to reach 5,250 level
Nasdaq moved below the 50-day MA on relatively big volume as investors' risk aversion increased on rising geopolitical risks. Yet the chart for the NQ looks bearing for the short-term. We expect short fluctuations to the upper side. However, we recommend to sell during the up-movements as we believe that the positive news is exhausted for now.
Implications of „Ethereum Merge “ After many delays, the Ethereum Merge finally took place during the early hours of September 15. Until now, both Ethereum and Bitcoin were running on proof-of-work, which requires high-powered computers to verify transactions and "mine" new coins across a decentralized global computer network. The long-awaited merge moves...
Energy crisis will deepen further in autumn. Russia’s decision to stop gas supplies to Europe is exacerbated by yesterday’s OPEC+ decision to cut crude oil production by 100,000 barrels per day beginning from October. The reason is to defend oil prices on the global market after Europe decided to cap price for the crude oil exported from Russia. The situation...
a big date for Etherium is approaching. Ethereum developers expect the merge to take place during the week of September 15, 2022. That’s not a guarantee, however, and given how long it has taken for the merge to come this far, it wouldn’t be a big surprise if the Ethereum team delayed it even more. Still, it’s an exciting time to be in the crypto and NFT space....
Alliant Energy Corporation LNT: Daily and 4h Charts indicate that the stock could be close to a potential breakout to the upper side. The stock has solid support level in the range $58 - $69, which could be low-risk entry point. The upside however looks attractive, especially if the stock would move above $65 - $66. Why could we expect positive moves in LNT?...
PSTG reported solid figures yesterday and provided guidance above consensus expectations. The company has positive Free Cash Flow and attractive valuation. In our view, we may watch for an attractive entry around $28.0 (this level provides solid technical support) with lower risk. On good days on the stock market PSTG is definitely set to run to its price target...
CHPT Chargepoint has a nice visible breakout today, following the earnings release from yesterday. The company showed double-digit revenue growth and confirmed solid FY2022 financial guidance. Positive breakout on technical Chart may allow the stock price go upwards for a few days in a row. I recommend to watch for a good entry level around $15.50-$15.70, if the...
Asensus Surgical (ASXC) potential positive swing with limited downside risk but high upside potential. ASXC announced today the installation of a Senhance® Surgical System in the General Surgery Department of Evangelical Hospital Goettingen-Weende of Göttingen, Germany. This is one of the agreements to lease and utilize the System, which was announced by the...