Sam is a professional trader and the lead stock market news writer at AskTraders. After starting his career in the forex market, Sam now focuses on gold and stocks with a preference for fundamental and macroeconomic analysis.
The Miami Herald is reporting that the CDC lifted its ban saying that cruise companies can restart once they prove COVID-19 protocols work.
Cruise stocks have jumped:
Carnival Corp +6.93%
Norwegian Cruise Line +6.28%
Royal Caribbean +5.11%
FTSE 100 +0.01%
STOXX 50 -0.03%
IBEX 35 +0.61%
CAC 40 +0.54%
It’s set to be the worst week for the Dow, S&P, and Nasdaq since March. So far today the Dow is currently at -1.47%, the S&P is at -1.52% with the Nasdaq down -2.38%.
The fall has been aided by the fall in most tech stocks:
Hertz today announced that its common stock will start trading on the over-the-counter stock market under the ticker symbol HTZGQ.
Following Hertz filing for Chapter 11 bankruptcy, the NYSE deemed that it was no longer suitable for the company to trade on the NYSE.
Under Armour stock has jumped 5.73% to $14.58 after the company’s earnings and sales topped analyst estimates as consumers snapped up the brand’s footwear and workout clothing during the coronavirus pandemic.
Elsewhere, the company has confirmed it will be selling the MyFitnessPal app to investment company Francisco Partners for $345 million. Under Armour acquire the company for $475 million around 5 and a half years ago.
Twitter shares are down 14.21% at $44.98 premarket after the company missed third-quarter user growth expectations.
The biggest mover in UK stocks so far today is Marsh & McLennan (LON: MHM) after the company reported its third-quarter results yesterday.
The company revealed a third-quarter EPS rise to $0.62 from $0.59 and Adjusted EPS increase of 6% to $0.82.
Its shares are currently up 28.46% at 104p.
Here’s a roundup of yesterday’s major earnings…
Apple Q4 EPS $0.73 vs. $0.70 Est
Twitter Q3 EPS $0.19 Adj. vs. $0.06 Est
Starbucks Q4 EPS $0.51 Adj. vs. $0.31 Est
Facebook Q3 EPS $2.71 vs. $1.91 Est
Alphabet Q3 EPS $16.40 vs. $11.29 Est
Amazon Q3 EPS $12.37 vs. $7.41 Est
FTSE 100 -0.51%
STOXX 50 -0.78%
IBEX 35 -0.26%
CAC 40 -0.65%
– APAC markets traded lower with the ASX closing down 0.55% and the Nikkei down 1.52%
-Despite positive earnings for Apple, Alphabet, Amazon, Facebook and Twitter, the optimism on Wall Street faded
-Warren Buffet backed BYD Company’s Q3 earnings rocketed as China’s electric vehicle sales bounce back.
-In FX markets the US dollar has seen a small amount of weakness overnight
-On today’s economic calendar we have German, Italian, Spanish and EZ GDP, EZ inflation, Canadian GDP, and US personal income and spending.
-On the earnings calendar we have names including Under Armour, ExxonMobil, Abbvie, Chevron, Honeywell and Altria
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