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Bitcoin prices are tumbling today and Tesla stock is also lower in US premarket price action today after Elon Musk’s tweet about cryptocurrencies. Musk has the ability to influence asset price as many of his fans end up blindly buying assets that he is even remotely seen as endorsing. The most prominent instance was when…
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Chinese e-commerce giant Alibaba would release its fiscal fourth-quarter 2021 earnings later this week. What to expect from the company’s quarterly report and should you buy the stock before the earnings release. Alibaba would report its fiscal fourth-quarter 2021 earnings for the quarter ended in March on Thursday before the US markets open. Analysts polled…
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Oil prices are retreating from their post-pandemic highs despite a beyond-expected drop in crude inventories reported by the United States only two days ago. The front-month contract of Brent futures is trading 0.5% lower in early commodity trading action today at $68.65 per barrel while the price of WTI futures – the US benchmark for…
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General Motors, the largest US-based automaker would release its first-quarter earnings on Wednesday before the markets open. What are analysts expecting from the Detroit automakers’ first-quarter performance? Last week, Ford reported its first-quarter earnings. While the company shattered analysts’ estimates in the quarter the stock fell sharply after the earnings release as it lowered its…
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NIO stock was trading flat in US premarket trading after reporting mixed first-quarter results. The company sees tepid production growth in the second quarter due to global chip shortage. NIO reported revenues of $1.22 billion in the quarter which were higher than the $1.02 billion that analysts were expecting. While the company’s GAAP EPS of…
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Ford stock was lower in US premarket trading today after reporting its first-quarter earnings. While the company posted better than expected earnings, it lowered the guidance due to the global chip shortage. Ford reported automotive revenues of $33.55 in the first quarter which were ahead of the $32.23 billion that analysts polled by Refinitiv were…
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Chinese electric vehicle maker NIO would release its first quarter earnings on 29 April. What’re the markets expecting from the company in the quarter? The first quarter earnings season is in a full swing. Tesla would release its first quarter earnings today and analysts expect the Elon Musk-run company to post a profit in the…
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Nikola stock rose over 14% yesterday and was up sharply in US premarket trading today after the company sounded optimistic on its production plans and announced a collaboration with TravelCenters of America (TA-Petro) for hydrogen fueling stations. Nikola and TA-Petro “have agreed to collaborate on the installation of hydrogen fueling stations for heavy-duty trucks at…
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The first quarter earnings season is in a full swing and Tesla would report its quarterly report on Monday after the close of markets. What are analysts expecting from Tesla’s first quarter earnings report? Tesla had missed earnings estimates in the fourth quarter of 2020. Prior to that, the company posted better than expected earnings…
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Fisker stock surged 4.5% yesterday and is up sharply in US premarket trading today after Bank of America issued a bullish note on the company forecasting massive upside for the electric vehicle startup company. Bank of America initiated coverage on Fisker stock yesterday with a buy rating and a $31 price target. The target price…
