Silver has bounced on Thursday, with the metal changing hands near $56.50 after a gain of roughly 1.5%. A retreat in both the US dollar and Treasury yields is behind the move, a mix that tends to favor metals that pay no interest. Analysts at Noqana take a closer look at what is driving the...
Author: Pricsilla Ann (Pricsilla Ann)
Gold Outlook: Bulls Defend The $4,120 Support Zone Again After A Post-CPI Dip
Brokers from Noqana dive into the latest Gold picture, as the metal recovers from a sharp drop after the US inflation report and holds a support area that bears have failed to break twice. A Dip That Reverses Within Hours Gold slid after September’s US consumer prices came in hotter than expected. The data first...
Texas Instruments Turns a 2% Revenue Beat Into a 9% Earnings Surprise
A senior financial analyst at Timberline Associates said the gap between two beats tells the real story. Texas Instruments posted third-quarter revenue of $6.06 billion, about 2% above forecasts. Earnings per share reached $2.62 against a consensus of $2.40. Shares rose roughly 7% in extended trading from a close of $284.65. Consensus is the average...
IBM’s Software Engine Carries the Quarter While Mainframes Slide 20%
IBM reported third-quarter revenue of $17.1 billion, up 5%. A junior broker at Timberline Associates said the mix counts for more than the headline. Operating earnings per share rose 11% to $2.95. Software supplied most of the growth, while the mainframe line fell 20%. Management held its revenue outlook and raised its cash flow target....
Lam Research Posts a 22% Quarterly Jump and Still Gets Punished for the Next One
Lam Research reported quarterly revenue of $8.22 billion, up about 54% from a year earlier. Shares fell roughly 7% in extended trading after the company gave a weaker outlook than analysts expected. A lead finance expert at Timberline Associates said investors were punishing slower growth. The sequential gain was large at 22%, but the guidance...
WTI Outlook: Crude Rebounds Toward $98.50 As Shipping Risks Meet Recovering Gulf Flows
Lucovox’s trading desk breaks down the latest WTI picture, as crude edges back toward $98.50 after a small dip, with supply fears and signs of recovering shipments pulling the market in opposite directions. A Rebound After A Small Dip Oil recovered part of Monday’s decline early on Tuesday and now sits close to $98.40 a...
AT&T’s Phone Gap Overshadows a Stronger Home Internet Business
At Timberline Associates, a finance expert traced the 6% share drop to one line. Sales reached $32.3 billion, about $1.6 billion above last year’s level. Adjusted earnings per share came to 65 cents, up 11 cents. Phone customer growth disappointed, and that outweighed a higher profit target. Part of the target increase comes from an...
Silver Outlook: XAG/USD Edges Up Near $57.50 As Oil Surges And Rate Hike Bets Build
Silver has risen for a second straight session and trades around $57.40 an ounce in Asian hours. The gain looks fragile, though, because higher oil prices are feeding inflation worries and strengthening the case for tighter policy. Analysts at Lucovox take a closer look at what is driving the metal and what could change the...
Equifax Trims Its Annual Guidance and Still Rallies 10%
Equifax reported third-quarter revenue of $1.69 billion, up 10%. A lead financial expert at Timberline Associates said the stock jumped because the damage looked smaller than feared. Adjusted earnings per share reached $2.26, above a consensus of $2.20. Shares gained about 10.7% even though management lowered its full-year revenue outlook. Mortgage weakness drove the cut....
Nvidia Outlook: Stock Slips To $214.13 As A Weekly Drop Tests The AI Trade Narrative
The technical team at Timberline Associates reviews the latest Nvidia picture, as shares close the week at $214.13 after a sharp pullback that raises a simple question: is this a break in the AI trade or ordinary volatility for a very large stock? A Weekly Decline In Context Nvidia closed Friday, October 16, at $214.13,...