- Nasdaq hits all-time high
- Disappointing ADP report
- CrowdStrike (CRWD.US) stock under pressure despite upbeat quarterly results
US indices launched today’s session slightly higher, with Nasdaq at new all-time highs despite weak ADP report which showed the private sector added only 374k jobs in August, well below analysts’ estimates of 615k. Still investors are waiting for Friday's NFP report and today’s ISM manufacturing PMI which should provide more details regarding US economic recovery.
US30 - buyers failed to break above all-time high at 35548 pts and index is currently testing local support at 35320 pts which coincides with 78.6 Fibonacci retracement of the last downward wave. As long as the price sits above it, another upward impulse may be launched. On the other hand, should break lower occur, then downward move may accelerate towards strong support at 35019 pts. Source: xStation5
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CrowdStrike (CRWD.US) stock fell 3% in premarket despite the fact that the cybersecurity company posted solid quarterly figures. Company earned 11 cents per share, beating analysts' estimates by 2 cents, while revenue also topped Wall Street projections. CrowdStrike also raised its full-year outlook.
CrowdStrike (CRWD.US) stock launched today’s session with a bearish price gap and price is local support at $274.75 which is marked with 23.6% Fibonacci retracement of the last upward wave. Should break lower occur, then the next targets for sellers is located around $265.65 which is marked with 38.2% Fibonacci retracement and previous price reactions. Source: xStation5
Campbell Soup (CPB.US) stock rose 1% in premarket after the food producer posted better than expected quarterly figures. Company earned adjusted 55 cents per share, beating market estimates by 7 cents. Campbell published a fiscal 2022 adjusted earnings outlook of $2.75-$2.85 per share, compared with a consensus estimate of $2.87, due to higher packaging, ingredients and transportation expenses.
PVH (PVH.US) shares jumped nearly 8% in premarket after the company which owns Tommy Hilfiger and Calvin Klein brands reported adjusted quarterly earnings of $2.72 per share, beating analysts' estimates of $1.20 consensus estimate. Revenue also topped market expectations. The company lifted its full-year revenue forecast.
Ambarella (AMBA.US) stock surged nearly 10.0% in premarket after the maker of chips for cars and cameras posted upbeat quarterly figures. Company earned 35 cents per share well above market expectations of 25 cents per share. Revenue topped Wall Street expectations as well. Ambarella confirmed that demand is high and that revenue could reach a 5-year high for the current quarter.
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