Early bird chirping before U.S markets open
Twitter (TWTR), the early birds, chirping before market open, announcing revenue and earnings that beat the market expectation. Revenue came out at $616 million vs. 606 million expectation and earning per share came out at $0.13 vs. $0.09. The company can rejoice after a string of disappointing result, and it decides to cut 9% labor force around the world.
Dow Jones Industrial Futures gains 27 points fuelled by Twitter (TWTR) and Tesla (TSLA). Tesla unexpectedly reported a profit of $0.71 per share compared to a loss of $0.54 per share the share price up more than 5% and guide overall market up.
Amazon (AMZN) set to report earnings after market close. The market expects the company to report solid performance.
Earnings Report (Pre-market)
Ford (F) reported revenue of $35.9 billion in-line with analyst consensus, and earnings come out at $0.26 per share vs. $0.21 per share.
Conoco Phillips (COP) reported a loss of $0.66 per share vs. analyst consensus loss of $0.70 per share.
Colgate-Palmolive (CL) reported revenue of $3.87 billion vs. $3.94 billion analyst consensus. Moreover, earnings come out in-line with expectation at $0.73 per share.
Technical Analysis
Dow Jones Industrial Averages (INDU)
October come to an end soon, and we have Dow Jones barely budge from its 18,000 – 18,400 range. The index opened at 18,279, reach lowest of 17,959, and touch as high as 18,399. Under the current situation, it might close near its opening price.
Anadarko Petroleum (APC)
Movement in APC is predictable as the price moving inside the blue channel. It might find support at SMA 50 before touching the lower part of the channel. Without any significant change, the market will likely to continue its trend. The company set to report earnings on 30 October after market close which trader need to watch.
Canadian National Railway (CNI)
CNI is on the verge of slipping down as its trendline experience violation. The push below trendline is not deep which need more confirmation. A 5-10% dip below the trendline and also further sharp drop below its SMA 200 might confirm the trend change. Otherwise, it is a good chance for long if bullish candlestick formed near the trendline.
Other Watchlist
BIDU – the price back at daily SMA 200, the company set to report earnings after today market close.
CAT – The price formed bullish candle near the SMA 50 after its earnings report, the result was good, but guidance disappoints. The share might find support and bounce at the current level, otherwise wait for stronger support.