- US stocks opened higher
- Apple presented cheaper 5G iPhone
- Bumble (BMBL.US) stock surges after quarterly results
US indices launched today's session higher, Dow Jones added 1.6% while the S&P 500 and the Nasdaq 100 rallied 2% and 2.5%, respectively after President Zelensky's advisor indicated that Ukraine is ready for a diplomatic solution, however under several conditions. Now investors’ attention will focus on the Russian sanction announcement and tomorrow’s US inflation report for February, which might influence the pace of Federal Reserve tightening.
US100 bounced off the support zone around 13160 pts which is marked with the lower limit of the 1:1 structure and is currently testing resistance at 13540 pts. Should buyers manage to uphold control, upward move may accelerate towards 13825 pts level which is marked with previous price reactions. Source: xStation5
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Bumble (BMBL.US) stock jumped over 20% in premarket after the dating service operator earned 13 cents per share in the latest quarter, beating analysts’ expectations of a breakeven. The company also projects strong growth in the current year.
Bumble (BMBL.US) stock has been moving in a downward trend for a long time. Nevertheless, the price bounced off the all-time low at $15.85 following upbeat quarterly results. If current sentiment prevails, upward movement may accelerate towards resistance at $32.20 which coincides with 23.6% Fibonacci retracement of the downward wave launched in February 2021. Source: xStation5
Apple (AAPL.US) stock rose over 2.0% after yesterday's ‘Peek Performance’ event, where the tech giant announced its newest version of the iPhone SE with its latest mobile processor and 5G capability.
Express (EXPR.US) stock jumped more than 10.5% in the premarket despite the apparel and accessories retailer’s posted wider-than-expected quarterly loss. On the other hand, the company recorded stronger sales. Comparable-store sales jumped 43%, more than double analysts’ expectations from FactSet.
Campbell Soup (CPB.US) stock rose 1% in premarket after the food producer posted quarterly results which matched analysts' estimates. Company earned 69 cents per share on revenue of $2.279B. However adjusted gross margins fell 340 bp due to cost inflation. Campbell maintained its full-year outlook issued in December as demand remains strong.
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