Markets
News
Analysis
User
24/7
Economic Calendar
Education
Data
- Names
- Latest
- Prev
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
A:--
F: --
A:--
F: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
No matching data
Latest Views
Latest Views
Trending Topics
To quickly learn market dynamics and follow market focuses in 15 min.
In the world of mankind, there will not be a statement without any position, nor a remark without any purpose.
Inflation, exchange rates, and the economy shape the policy decisions of central banks; the attitudes and words of central bank officials also influence the actions of market traders.
Money makes the world go round and currency is a permanent commodity. The forex market is full of surprises and expectations.
Top Columnists
Enjoy exciting activities, right here at FastBull.
The latest breaking news and the global financial events.
I have 5 years of experience in financial analysis, especially in aspects of macro developments and medium and long-term trend judgment. My focus is maily on the developments of the Middle East, emerging markets, coal, wheat and other agricultural products.
BeingTrader chief Trading Coach & Speaker, 8+ years of experience in the forex market trading mainly XAUUSD, EUR/USD, GBP/USD, USD/JPY, and Crude Oil. A confident trader and analyst who aims to explore various opportunities and guide investors in the market. As an analyst I am looking to enhance the trader’s experience by supporting them with sufficient data and signals.
Latest Update
Risk Warning on Trading HK Stocks
Despite Hong Kong's robust legal and regulatory framework, its stock market still faces unique risks and challenges, such as currency fluctuations due to the Hong Kong dollar's peg to the US dollar and the impact of mainland China's policy changes and economic conditions on Hong Kong stocks.
HK Stock Trading Fees and Taxation
Trading costs in the Hong Kong stock market include transaction fees, stamp duty, settlement charges, and currency conversion fees for foreign investors. Additionally, taxes may apply based on local regulations.
HK Non-Essential Consumer Goods Industry
The Hong Kong stock market encompasses non-essential consumption sectors like automotive, education, tourism, catering, and apparel. Of the 643 listed companies, 35% are mainland Chinese, making up 65% of the total market capitalization. Thus, it's heavily influenced by the Chinese economy.
HK Real Estate Industry
In recent years, the real estate and construction sector's share in the Hong Kong stock index has notably decreased. Nevertheless, as of 2022, it retains around 10% market share, covering real estate development, construction engineering, investment, and property management.
Hongkong, China
Ho Chi Minh, Vietnam
Dubai, UAE
Lagos, Nigeria
Cairo, Egypt
White Label
Data API
Web Plug-ins
Affiliate Program
View All
No data
Not Logged In
Log in to access more features
FastBull Membership
Not yet
Purchase
Log In
Sign Up
Hongkong, China
Ho Chi Minh, Vietnam
Dubai, UAE
Lagos, Nigeria
Cairo, Egypt
White Label
Data API
Web Plug-ins
Affiliate Program
U.S. stocks were mixed, with the Dow Jones index falling around 0.1% on Tuesday.
Shares of Fabrinet rose sharply in today's session as the company reported better-than-expected fourth-quarter financial results and issued strong guidance on Monday.
Fabrinet reported quarterly earnings of $2.41 per share, which beat the analyst consensus estimate of $2.24 per share. Quarterly sales clocked in at $753.261 million, which beat the analyst consensus estimate.
Fabrinet expects first-quarter revenue to be in the range of $760 million to $780 million and earnings to be in the range of $2.33 to $2.40 per share.
Fabrinet shares jumped 18.2% to $273.76 on Tuesday.
Here are some other big stocks recording gains in today's session.
Now Read This:
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
The S&P 500 Index today is up +0.13%, the Dow Jones Industrials Index is down -0.13%, and the Nasdaq 100 Index is up +0.22%.
US stocks today are mostly higher, with the S&P 500 climbing to a 1-month high and the Nasdaq 100 posting a 4-week high. A decline in T-note yields today is supportive of stocks. Positive corporate news today is also boosting stocks. Palo Alto Networks is up more than +5% after reporting Q4 revenue above consensus and forecasting stronger-than-expected 2025 revenue. Also, Eli Lilly is up more than +3% after it said a study of patients taking its Zepbound weight-loss drug were 94% less likely to develop diabetes in a three-year study. In addition, Fabrinet is up more than +16% after reporting better-than-expected Q4 adjusted EPS and forecasting Q1 adjusted EPS above consensus.
The markets are awaiting the minutes of the July 30-31 FOMC meeting on Wednesday for clues as to how close the Fed is to cutting interest rates. Also, the markets are waiting for the opening comments from Fed Chair Powell on Friday at the Fed’s annual symposium in Jackson Hole, Wyoming, for any fresh insights on the future course of Fed policy.
The markets are discounting the chances at 100% for a -25 bp rate cut for the September 17-18 FOMC meeting and at 28% for a -50 bp rate cut at that meeting.
Overseas stock markets today are mixed. The Euro Stoxx 50 fell back from a 2-1/2 week high and is down -0.05%. China's Shanghai Composite closed down -0.93%. Japan's Nikkei Stock 225 climbed to a 2-1/2 week high and closed up by +1.80%.
Interest Rates
September 10-year T-notes (ZNU24) today are up +8 ticks. The 10-year T-note yield is down -3.2 bp at 3.839%. Sep T-notes today are mildly higher. Dovish ECB comments today knocked 10-year German bund yields lower and are providing carryover support to T-notes. Also, a benign Canadian July CPI report today sparked a rally in 10-year Canadian bonds that underpinned T-note prices. Gains in T-notes are limited by corporate supply pressures, with as much as $20 billion of corporate debt expected to be sold this week, prompting bond dealers to short T-notes as a hedge against the incoming supply.
European government bond yields today are mixed. The 10-year German bund yield is down -1.8 bp at 2.228%. The 10-year UK gilt yield rose to a 1-week high of 3.948% and is up +0.4 bp at 3.926%.
Eurozone June construction output rose +1.7% m/m, the largest increase in 17 months.
German’s July PPI fell -0.8% y/y, the thirteenth consecutive month prices have fallen year-over-year.
ECB Governing Council member Rehn said, "In my view, the recent increase in negative growth risks in the Eurozone has reinforced the case for a rate cut at the next ECB monetary meeting in September, provided that disinflation is indeed on track."
The Bundesbank said in its monthly report that "the high level of willingness to strike until recently and the still widespread labor shortage suggest that comparatively high wage increases will continue in the future." This will probably keep underlying inflation "at an elevated level."
Swaps are discounting the chances of a -25 bp rate cut by the ECB at 100% for the September 12 meeting.
US Stock Movers
Palo Alto Networks is up more than +5% to lead gainers in the S&P 500 and the Nasdaq 100 after reporting Q4 revenue of $2.20 billion, better than the consensus of $2.16 billion, and forecasting 2025 revenue of $9.10 billion-$9.15 billion, with the midpoint above the consensus of $9.11 billion.
Fabrinet is up more than +16% after reporting Q4 adjusted EPS of $2.41. better than the consensus of $2.25 and forecasting Q1 adjusted EPS of $.33-$2.40, stronger than the consensus of $2.25.
Eli Lilly is up more than +3% after it said a study of patients taking its Zepbound weight-loss drug were 94% less likely to develop diabetes in a three-year study.
Hawaiian Holdings is up more than +11% after Alaska Air Group said the waiting period for the antitrust review by the US Justice Department of its takeover of Hawaiian Holdings has expired, bringing the $1.9 billion merger one step closer to being finalized.
Amer Sports is up more than +10% after reporting Q2 adjusted EPS of 5 cents, better than the consensus of a -6 cent loss, and raising its full-year adjusted EPS estimate to 40 cents-44 cents from a previous estimate of 30 cents-40 cents.
Vornado Realty is up more than +1% after Evercore ISI upgraded the stock to outperform from underperform with a price target of $38.
Viking Therapeutics is down more than -4% on signs of insider selling after an SEC filing showed CEO Lin sold $7.43 million of shares on Monday.
Stride is down more than -4% after Citigroup downgraded the stock to neutral from buy, citing valuation.
Estee Lauder is down more than -3% after Morgan Stanley cut its price target on the stock to $100 from $140.
Dentsply Sirona is down more than -3% after announcing that CFO Coleman will resign effective November 7.
Bank of America is down more than -2% after an SEC filing showed Berkshire Hathaway sold $550.7 million of its Bank of America stock holdings between August 15-19.
Boeing is down more than -2% after it said it paused test flights of its 777X jetliner while it inspects cracks in a crucial structural component, marking the latest setback to certify its largest jetliner that is already about five years behind schedule.
Earnings Reports (8/20/2024)
Amer Sports Inc (AS), Coty Inc (COTY), Jack Henry & Associates Inc (JKHY), Keysight Technologies Inc (KEYS), Lowe's Cos Inc (LOW), Medtronic PLC (MDT), Premier Inc (PINC), Toll Brothers Inc (TOL).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
White Label
Data API
Web Plug-ins
Poster Maker
Affiliate Program
The risk of loss in trading financial instruments such as stocks, FX, commodities, futures, bonds, ETFs and crypto can be substantial. You may sustain a total loss of the funds that you deposit with your broker. Therefore, you should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.
No decision to invest should be made without thoroughly conducting due diligence by yourself or consulting with your financial advisors. Our web content might not suit you since we don't know your financial conditions and investment needs. Our financial information might have latency or contain inaccuracy, so you should be fully responsible for any of your trading and investment decisions. The company will not be responsible for your capital loss.
Without getting permission from the website, you are not allowed to copy the website's graphics, texts, or trademarks. Intellectual property rights in the content or data incorporated into this website belong to its providers and exchange merchants.