During Tesla’s quarterly results webcast last week, Musk admitted to dumping some $936 million of Bitcoin to raise cash out of concern of an economic pullback due to pandemic lockdowns in China. The chief executive said he sold for a “realized gain,” but some people online have some serious doubts. more...
McDonald’s stock (NYSE: MCD), a restaurant chain consisting of more than 40,000 mostly franchised stores, is scheduled to report its fiscal second-quarter results on Tuesday, July 26. MCD’s stock looks fairly priced due to revenues and earnings likely matching expectations in its results. The weekly share priceis on ranging within and around Ichimoku cloud waiting for the direction of the strong trend to be started. The price is testing ...
Walmart expects profits to take a hit as inflation weighs on consumer spending. more...
Schlumberger’s stock (NYSE: SLB), which provides oil field services including drilling, completion, and production solutions to upstream oil & gas companies in the U.S. and abroad, is scheduled to report its fiscal second-quarter results on Friday, July 22. The weekly price was bounced from 30.65 bearish reversal level to above for the primary bullish trend to be resumed. more...
Inflation is diminishing the value of the euro, yen and pound relative to the goods and services they can buy even faster than it ravages the greenback. The dollar index, which measures the U.S. currencies against those three rivals plus the Canadian dollar, Swedish krona and Swiss franc, has surged almost 20% over the last 14 months, notably reaching parity with the euro this month for the first time since 2002. more...