Jul 20, 2022 | Blog
Cryptocurrency:
Major cryptocurrencies enjoyed a strong day yesterday, with Cardano rising by over +10%, Avalanche by more than +7%, and XRP by almost +6% during the previous 24 hours. At the time of writing, the price of Bitcoin was above $23,000 and had increased by more than +6% in the previous day.
During Market hours yesterday — (Tuesday – 19.07.2022)
- The Dow (Symbol: DIA) went up +2.40%. The S&P 500 (Symbol: SPY) gained +2.70%. and the Nasdaq (Symbol: QQQ) earned +3.08%.
- IBM (Symbol: IBM) – Shares of IBM slipped –5.25% after the tech company warned of a potential $3.5 billion hit from a strong U.S. dollar. That warning overshadowed better-than-expected earnings and revenue for the previous quarter.
- Boeing (Symbol: BA) — Shares of the aerospace giant rose +5.69%, continuing an upward trend for the stock, after Boeing announced several deals for plane orders. The deals include an order for five 787 Dreamliners from AerCap and orders for 737 Max jets from Aviation Capital Group and 777 Partners. Shares of Boeing are up more than 10% in July.
- Goldman Sachs (Symbol: GS) — Goldman Sachs shares rose +5.57% to lead the Dow Jones Industrial Average higher, building on the bank’s post-earnings gains. Other bank stocks traded higher alongside Goldman. Bank of America advanced 3.38%, while JPMorgan Chase climbed 2.48%.
- Hasbro (Symbol: HAS) — Shares of Hasbro rose +0.71% after the company reported earnings per share that beat Wall Street’s forecast. The toymaker’s revenue was slightly less than analysts expected. Hasbro’s bottom line was driven in part by strong demand for tabletop games and higher prices.
- Ford (Symbol: F) — Shares of Ford jumped +5.27% on Tuesday. A day earlier, the company unveiled the F-150 Raptor, its latest pickup truck. The truck is the most powerful, with 700 horsepower, and the most expensive, starting at $109,000.
During Premarket hours today — (Wednesday – 20.07.2022)
- Netflix (Symbol: NFLX) — Netflix jumped +6.1% in premarket trading after reporting subscriber losses that were substantially below expectations. The streaming service also said it would add a net 1 million new subscribers this quarter. Netflix reported better-than-expected quarterly earnings, though revenue did fall slightly shy of Wall Street estimates.
- Omnicom Group (Symbol: OMC) — Omnicom beat top and bottom line estimates for its latest quarter, with the ad agency operator also raising its organic revenue growth forecast for the year. Omnicom also said it is maintaining a “healthy level of caution” to deal with challenging macroeconomic conditions. The stock surged +7% in the premarket.
- Comerica (Symbol: CMA) — The bank’s stock gained +1% in the premarket after it reported better-than-expected profit and revenue for the second quarter. Results were helped by strong loan growth as well as a rising interest rate environment.
*Any information contained in this article, including any information contained in external third party links, if any, is solely for informational purposes and does not contain, or should not be construed as containing, investment advice or an investment recommendation, or, an offer of or solicitation for any transactions in financial instruments. Past performance does not guarantee or predict future performance.