- Weekly jobless claims dropped to a new pandemic low
- Virgin Galactic (SPCE.US) confirmed upcoming test flight of VSS Unity on Saturday
- Kohl’s (KSS.US) stock under pressure despite upbeat quarterly figures
US indices launched today’s session higher as investors welcomed a better than expected claims report. Weekly jobless claims fell to a fresh pandemic-era low of 444k, the Labor Department reported Thursday. Last FOMC minutes showed that the FED still believes that economic recovery remains far from complete, however some officials thought that if the recovery holds up, it might be appropriate to "begin discussing a plan for adjusting the pace of asset purchases".
US100 - buyers managed to halt declines at major support at 13055 pts yesterday and one can see that the upward move is being continued after the US open. Currently Index is testing the upper limit of the wedge formation. Next target for bulls is located at 13711 pts. On the other hand, if sellers manage to halt advances here, then another downward impulse towards support at 13000 pts may be launched. Source: xStation5
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Open account Try demo Download mobile app Download mobile appVirgin Galactic (SPCE.US) stock jumped more than 14% in the premarket after the company confirmed that the next test flight of its SpaceShipTwo Unity will take place this Saturday. The space travel company announced a maintenance review on VMS Eve – the mothership which will carry SpaceShipTwo Unity to altitude – had been completed.
Virgin Galactic (SPCE.US) stock launched today’s session higher and is trading above the major resistance zone at $20.07. If the current sentiment prevails then upward move may be extended to the next resistance at $24.00. On the other hand, if the rocket launch fails, then the support at $15.06 may be at risk. Source: xStation5
Hormel Foods (HRL.US) stock rose more than 2% in premarket after the company reported quarterly earnings 42 cents per share, slightly above analysts’ expectations of 41 cents per share. Revenue also beat market estimates. The food producer which owns brands like Spam, Dinty Moore and Jennie-O confirmed that demand in its various channels remains elevated compared to pre-pandemic levels.
Kohl’s (KSS.US) stock dropped more than 3.0% in premarket, despite the fact that the company posted better than expected quarterly figures. Kohl’s earned $1.05 per share, compared to a 4 cents a share consensus estimate. Revenue also beat Wall Street projections. Company also raised its outlook.
L Brands (LB.US) stock fell 2% in premarket after the company posted its quarterly figures. Retailer earned $1.25 per share slightly above market estimates of $1.21 per share. Revenue came in very slightly above consensus. Victoria’s Secret unit sales surged 25%, while Bath & Body Works recorded a sales increase of 16%. However the company did not provide guidance for the full year, and also said it is targeting the completion of its split into two separate companies for August.
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