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    • Hello Fernando, The Butterfly refers to the reversal chart pattern that belongs in the category of Harmonic patterns. It represents price consolidation and can often be spotted at the end of an extended price movement. Traders can use this pattern to identify the end of the trending movement and prepare for the start of a correction or new trend phase. In terms of the Elliot Wave principle, the Butterfly can often be seen during the last wave (Wave 5) of the impulse sequence.   
    • Hello Michael, The FTSE 100 dropped 100 points today following the Bank of England’s announcement that there will be no interest rate for the time being. The UK central bank’s optimism about the country’s economy and no-change decision on rates sent the pound to its highest levels against USD since March. This has backlashed on shares of multinationals earning in foreign currency. Mining stocks hurt FTSE, taking out 100 .46 points of the index by midday. Stocks were trading up yesterday in Eurozone and the US in spite of weak data on the US labour market.  
    • Hi Anna, Reports showed that Roku (NASDAQ: ROKU) users streamed 14.6 billion hours of content in Q2 2020, enabling the streaming-media platform to report higher-than-expected revenue in spite of the falling television advertising market. Shares of Roku were 0.4% in the red in after-hours trading Wednesday. The video streaming company’s latest earnings reports show a net loss of $43.1 million, or 35 cents a share, against $9 million, or 8 cents a share, in the same period last year. Consensus estimates were anticipating a 52-cent loss per share. Roku’s revenue for the quarter climbed to $356.1 million from $250 million, compared to analysts’ estimates of $316 million. Out of $356.1M,  $111.3 million came from its media player operations and $244.8 million from its streaming business, including advertising and licensing of its smart-TV operating system. Roku reported an increase in the average revenue per user to $24.92 from $21.06 in the year-ago quarter.  
    • Hi Philip, Shares of Ryanair (LSE: RYA) have been declining recently as markets reacted to the terrible quarterly numbers report from the airline and the government’s decision to reiterate a 14-day quarantine on travellers travelling back from Spain.  Last week, the low-cost airline reported a first-quarter Q1 loss of €185m. The company reported the €243m net profit for the same period last year, providing us with a clear picture of hard the coronavirus has pummelled the FTSE 250 stock and its peers. Ryanair said that the three months through June have been “the most challenging” in its 35-year history.  After the introduction of lockdowns and travel bans, the number of Ryanair passengers between mid-March and the end of June plummeted 500,000, compared to 41.9 million from last year. While the airline managed to cut costs by 85% over the period, it wasn’t enough to compensate for the 95% decline in revenue to €125m.  
    • Hi Trevor, thanks for asking the question. Tesla (TSLA) stock has rocketed by around 500% over the past year and is on a good path to become one of the most valuable components of the S&P 500. Tesla posted a much higher-than-expected earnings report, exceeding most analysts' estimates by far. To be more specific, the automaker managed to surpass consensus EPS estimates by nearly 7,000%, reporting $2.18 in EPS compared to the consensus three-cent estimate. As for its future prospects, Tesla shares are likely to consolidate, with a potential pullback to the $1,000-$1,200 level, but the stock should ultimately surge sharply thanks to the company’s expanding revenues and earnings capabilities.  
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