Nasdaq

Share to Twitter Share to Linkedin Nasdaq (NASDAQ: NDAQ) is scheduled to report its fiscal Q4 2022 results on Wednesday, January 25, 2023. We expect Nasdaq to edge past the consensus estimates for revenues and earnings. The exchange reported mixed results in the last quarter, with the net revenues (total revenues minus transaction-based expenses) marginally missing expectations, despite increasing 6% y-o-y to $890 million. The growth was driven by an 8% rise in the non-trading revenues (solutions segment), supported by a 4% increase in the market services (trading revenues). We expect the same trend to continue in Q4. Our forecast indicates that Nasdaq’s valuation is $68 per share, which is 8% above the current market price of around $62. Our interactive dashboard analysis on Nasdaq’s Earnings Preview has more details. (1) Revenues expected to remain slightly above the consensus estimates Nasdaq’s revenues grew 5% y-o-y to $4.6 … [Read more...] about Nasdaq Stock Likely To Edge Past The Street Expectations In Q4

Share to Twitter Share to Linkedin Bitcoin BTC has rocketed into the new year, adding almost 40% so far in 2023 despite fresh fears of a "disastrous global financial meltdown." Subscribe now to Forbes' CryptoAsset & Blockchain Advisor and successfully navigate the latest bitcoin and crypto market crash The bitcoin price has topped $23,000, still far below its 2021 all-time high of almost $70,000 due to a brutal crypto winter that could be just getting started . Now, Wall Street giant Goldman Sachs has reported that bitcoin has been the best-performing asset in the world during the first month of 2023—outperforming gold, the S&P 500 and the Nasdaq 100. It's in a brutal bear market that you need up-to-date information the most! Sign up now for the free CryptoCodex — A daily newsletter for traders, investors and the crypto-curious that will keep you ahead of the market MORE FROM FORBES Satoshi … [Read more...] about Goldman Sachs Finds Bitcoin Tops Gold, S&P 500, And Nasdaq As The Best-Performing Asset Of 2023

Share to Twitter Share to Linkedin Key takeaways Technology stocks have been hammered by fear of a global recession. Alphabet, Microsoft, Spotify, Apple and Meta all face short-term headwinds. Investors need to be patient in this sector and take advantage of buying opportunities. Technology stocks have been the favorites of many investors for years now. But with the well-founded fear of a global recession, 2022 has not been kind to the Nasdaq. The QQQ closed the week at $264.68 (-34.11% year to date). Here is a recap of earnings from the most prominent tech companies and where investors can expect these stocks to go in the coming months and years. Alphabet earnings review Alphabet reported a 27% drop in profit for the third quarter of the 2022 fiscal year compared to the third quarter of the 2021 fiscal year. YouTube ad revenue was the most significant driver of the loss, dropping nearly 2% year-over-year. Analysts were looking for an … [Read more...] about NASDAQ Roundup: Alphabet Earnings, Microsoft Earnings, Spotify Earnings And More

Wall Street, it would appear, has more than a few doubts about e-sports. FaZe Clan, the digital gaming-and-e-sports-content platform that went public just over six months ago with a valuation of $1 billion, is already trading well below a dollar per share, putting the company at risk of delisting by the Nasdaq exchange. Face Holdings, the parent company of FaZe Clan, has seen its stock price fall from a high of $24.69 on August 30, 2022 to just 75 cents on Thursday. Under Nasdaq rules, any company that fails to close above the $1 mark for 30 consecutive days is issued a deficiency notice, which can trigger a delisting. It’s not an immediate action. Once the notice is issued, the company has 180 calendar days to return to compliance, meaning it must close above $1 for 10 consecutive days—and some companies receive a grace period of another 180 days if they meet special requirements. Still, a fall this sharp in such a short period is certainly cause for alarm. FaZe … [Read more...] about FaZe Clan faces possible delisting from the Nasdaq—just 6 months after going public

Share to Twitter Share to Linkedin Key takeaways: Tech stocks fell more than 30% in 2022, more than the overall market drop of 20%. The decline came due to higher interest rates, high inflation and uncertain economic conditions. Some analysts believe specific sectors, like cybersecurity and robotics, present an opportunity for investors. The year 2022 was a turbulent one for the stock market, with the S&P 500 ending the year down nearly 20% overall. Tech had a particularly rough year, with the Dow Jones U.S. Technology Index, an index tracking major tech companies, down more than 35%. The NASDAQ , another tech-focused index, was down over 33%. Many investors worry that the tech slump is a bad sign for the economy and wonder how long it will continue. Q.ai has answers . What happened? 2022 was a tumultuous year. War broke out between Russia and Ukraine, oil prices and inflation soared, wages remained low for many workers, … [Read more...] about Why Were Tech Stocks Down In 2022—And How Long Will The Slump Last?

Share to Twitter Share to Linkedin The Vietnam stock market has essentially been closed to new IPOs for a year. Their bond markets and banking sector have been roiled by controversy and reforms. Their domestic stock index has traded down by 30% since 2021. That said, Vietnam is home to several ambitious companies preparing to take on overseas competitors to dominate the local markets and hoping to make their mark on the global capital markets. The country’s domestic consumption is soaring as the country recovers from COVID lockdowns, with GDP growing at a blistering 8% in 2022. More importantly, a new generation of tech-forward domestic companies seeks to transform the domestic economy by driving new digital business models and, in some cases, even disrupting global markets. The most audacious example is the Vietnamese electric vehicle company, VinFast, which filed for a $1 billion IPO on NASDAQ in December. VinFast, which is part of Vietnam’s largest … [Read more...] about As Southeast Asia Emerges As A Capital Markets Contender, Vietnam Primes Growing Digital Companies For Global IPO Market

Share to Twitter Share to Linkedin Shares of Google-parent Alphabet rose nearly 6% on Friday following news that the company is laying off 6% of its employees. Looming fears of a recession and weaker than expected earnings knocked many stocks lower in the middle of the past week, yet Friday announcements from several tech companies –including news of layoffs–led to a market rally–and rising fortunes for a number of billionaires. The Nasdaq rose 2.66% on Friday after Google’s parent company, Alphabet, announced layoffs, and a reported uptick in subscribers from Netflix boosted the stock nearly 8.5% on Friday. The Nasdaq ended the week up 0.6%. Here are some of the biggest billionaire winners of the past week: Larry Page & Sergey Brin Google cofounders Larry Page and Sergey Brin got a boost to their net worths on Friday after Google’s parent company, Alphabet, announced it was laying off 12,000 employees . The company’s stock rose … [Read more...] about Who Got Rich This Week: Larry Page, Sergey Brin Gain Billions After News Of Alphabet’s Layoffs

Share to Twitter Share to Linkedin The recent decline in the stock market has led some of the commentariat to paint a dire picture. According to Richard Waters in the Financial Times , the situation is not only “a car crash”: the crash “may be far from over.” Indeed, “the axe is hanging over high-growth companies with stretched valuations…” As Mark Barnes, and Christine Haggerty and FTSERussell tell us, there is a “tech wreck” that has taken a “brutal toll.” According to John Gapper at the Financial Times , “As inflation raises supermarket prices, higher interest rates will curb investment in innovation.” Apparently, we can now say “goodbye to the golden age of consumer choice.” As Mark Twain once noted , “Reports of my death have been greatly exaggerated.” Once we look beyond the recent news, and look at the bigger picture, we can see that tech is far from dead. In fact, as of May 13, the five-year year total return of the tech-heavy Nasdaq index … [Read more...] about How To Understand Stock Market Alarmism

Share to Twitter Share to Linkedin Key takeaways Overall inflation for December dropped to 6.5% from 7.1% in November on an annual basis. While this information isn’t exactly worthy of a celebration, it’s a sign that things are moving in the right direction since it shows that the rate hikes are slowing down the economy. Investors look at the CPI data because if inflation drops, there are hopes that the Fed will slow down with the aggressive rate hikes that have made the cost of borrowing more expensive. With the inflation figures dropping and the economy adding jobs last month, we now have to wait to see how the Fed reacts in February at the next FOMC meeting, where many analysts are expecting a rate hike of 0.25%. The most recent Consumer Price Index (CPI) data came out last Thursday and immediately impacted the stock market. The CPI report for December showed that headline inflation had dropped by 0.1% and that the rate of inflation on an … [Read more...] about The Most Recent CPI Data Is In: Here’s The Current State Of The Economy And What It Means For The Stock Market

Share to Twitter Share to Linkedin The market is likely to rally into the spring. The NASDAQ NDAQ was the hardest hit index in 2022, so a search has been run for rebounding stocks. The relative strength/seasonality screen shows that Booking Holdings is ranked number one in the NASDAQ 100. In fact, airline, cruise line, and resort stocks are at the top of the list. Technology is not highly rated. Below, we see that the first four months of the year have been the strongest. In fact, the stock has risen from February 6 th to May 1 st 83% of the time over the last 23 years. The weekly graph reveals that price broke out from a falling wedge formation and that relative strength has reversed a three-year downtrend. The 2600 level is the first price objective. Booking Holdings Monthly Histogram Red: Percentage of months in which price rose Blue: Percentage price change Green: Expected return (product of the first two) Booking Holdings … [Read more...] about Stocks This Week: Buy Booking Holdings And Wynn Resorts