Shares of Rocket Companies have rebounded off a recent 52-week low near $10 after announcing better-than-expected earnings. The company reported an incredible bounce-back quarter as revenue of $1.77 billion was 54% higher than forecasts for $1.15 billion.In the previous quarter, revenue of $647 million missed expectations by 48% for a print of $1.25 billion. The profit of three cents a share...
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8:00am (EST)The stock market traded on both sides of the ledger on Friday after the bears pushed fresh lows for the year while cracking key support levels for the fourth-straight session. The afternoon recovery failed to produce a higher high than the previous day with the near-term outlook remaining bearish.The Nasdaq closed at 18,196 (+0.7%) with the afternoon high at 18,243. Lowered resistance...
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8:00am (EST)The market was higher on Wednesday as tariff talk and an escalating trade war once again dominated the headlines. The major indexes were on track for a third-straight day of losses but rebounded intraday after the President gave a one-month auto tariff exemption to Mexico and Canada. The Nasdaq made a run to 18,604 before finishing at 18,552 (+1.5%). Fresh resistance at 18,600 was...
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8:00am (EST)Wall Street wrapped up a nasty week with the bulls getting a rebound win on Friday after holding key support levels. The major indexes were also in oversold territory and typically where there is some buying. However, the technical damage from the weekly losses still portrays near-term market weakness.The Nasdaq traded up to 18,861 before settling at 18,847 (+1.6%). Fresh resistance...
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Wall Street traded on both side of the ledger before snapping a four session slide following Wednesday’s overall win. Nervousness over Nvidia’s (NVDA) earnings after the close may have been attributed to some of the intraday weakness with volatility also holding a key level of resistance.The RSI (relative strength index) for the major indexes were nearing oversold conditions heading into...
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* Sony operates across various sectors, including gaming, music, electronics, and entertainment.* The company announced earnings per share of 40 cents versus forecasts for a profit of 30 cents.* Sony also raised its annual earnings forecast which reflects their confidence in sustained momentum across these key business segments. Shares of Sony Group (SONY) recently broke out to a fresh 52-week...
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