Sam is a trader and one of our lead stock analysts at AskTraders. After starting his career predominantly in the forex markets, Sam now focuses on gold and stocks with a preference for macroeconomic analysis.
Well, about a minute after I sent out the last update Tesla released its earnings report…
EPS $0.76 Adj. vs. $0.57 Est.;
Revs. $8.77B vs. $8.36B Est
Tesla shares have jumped over 3% after-hours to $437.57
A quick reminder that Tesla will be reporting its third-quarter earnings this evening.
A few weeks ago Tesla said that it delivered 139,300 vehicles in Q3.
US equities are trading higher after Speaker Nancy Pelosi said to MSNBC that there is a prospect for a stimulus deal and she hopes to figure out the appropriations part of the bill later today.
The UK Chief Brexit Negotiator, David Frost has tweeted: “We have agreed that a basis for negotiations with the EU & @michelbarnier has been re-established. Intensive talks will happen every day & begin tomorrow afternoon, 22 October, in London.”
The GBP/USD is now at 1.3165.
FTSE 100 -1.90%
STOXX 50 -1.44%
IBEX 35 -1.65%
CAC 40 -1.53%
$PYPL +4.41% $210.85
PayPal has announced the launch of a new service that will enable customers to buy, hold and sell cryptocurrencies directly from their PayPal account.
The company also said it plans to significantly increase cryptocurrency’s utility by making it available for use to purchase items at its 26 million merchants worldwide.
The service will be available to US account holders in the coming weeks and international customers in the first half of 2021.
Two out of the main three US indices opened lower, but they are all trading in the green now…
Social media stocks are rising premarket after Snap’s earnings results…
The EU’s Chief Brexit Negotiator, Michel Barnier has tweeted saying an agreement with the UK “is possible.”
“ Our principles respect UK sovereignty. An agreement is possible if we are both ready to work constructively & in a spirit of compromise over the next days, on the basis of legal texts. Time is short,” tweeted Barnier.
Pipehawk +33.08% – Company reported year-end 30 June results showing a pre-tax profit increase of 1517% and an 86% rise in EPS
Erris Resources +30.12%
Jaywing +25.11% – Company reported the exercise and completion of put option in relation to Massive Group Pty Ltd
Tremor International +22% – Company provided a trading update saying it experienced strong demand and expects trading for the full year to be ahead of market expectations
Centamin -20.59% – CENTAMIN SHARE PRICE CRASHES 21% ON LOWER OUTPUT
Panthera Resources -20.37%
D4T4 Solutions -12.33% – Company provided a 6-month trading update
Catenae Innovation -11.02% –
FTSE 100 -0.86%
STOXX 50 -0.68%
IBEX 35 -0.16%
CAC 40 -0.59%
Good morning all…
-Overnight APAC indices were mostly higher, although, the majority of Chinese bourses are trading lower
-Senate Majority leader Mitch McConnell has pushed back against a stimulus deal despite Pelosi and Mnuchin edging closer to an agreement
-Snap stock jumped over 20% in after-hours trading as the company reported strong user growth, and beat analysts expectations on both revenue and EPS.
-Netflix reported slowing user growth in Q3 with earnings mixed
-AstraZeneca’s COVID-19 vaccine trial is expected to resume this week according to reports
-On today’s data calendar we have seen UK inflation come in slightly higher than expected while later we have Canadian inflation and retail sales data and speakers from the ECB, BoE, Fed, Bundesbank and the RBA.
-The earnings calendar sees names including Tesla, Nasdaq, Chipotle, Verizon, Ericsson, Biogen, Netgear and Equifax reporting today.
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