Atlassian Corp. (TEAM) shares rallied in the extended session Thursday after the business productivity software company's results and outlook topped Wall Street estimates. Atlassian shares surged 5.1% after hours, following a 1.5% decline to close the regular session at $92.92. The company reported fiscal second-quarter net income of $45.2 million, or 18 cents a share, compared with a loss of $64.2 million, or 28 cents a share, in the year-ago period. Adjusted earnings were 25 cents a share. Revenue rose to $299 million from $214.6 million in the year-ago quarter. Analysts surveyed by FactSet had forecast earnings of 21 cents a share on revenue of $288.3 million. For the third quarter, Atlassian expects earnings of about 18 cents a share on revenue of $303 million to $305 million, while analysts forecast 17 cents a share on revenu e of $300.7 million.
Forex and stock traders are looking for the consistently wrong investor, trader and take the opposite position. This will obviously lead to winning trades for them. All traders have read trading books that point out that increasing volume is good for the continuation of the trend. Many new stock traders will try and fight the trend.
Friday, January 18, 2019
Wednesday, January 16, 2019
10 year treasury yield (TNX
The 10 year treasury yield (TNX) has ticked up to 2.72% following the implications of the Brexit defeat. Mortgage applications surged 13.5% last week thanks to the recent relief in interest rates as some buyers return to the market after painfully slow holiday inaction. Refinances primarily drove the welcomed result with a 19% increase in new applications.
Tuesday, January 15, 2019
Natural Gas futures (/NG) 1/15
Forecasts of much colder weather, sent Natural Gas futures (/NG) to their biggest one day gain in two months. Nat. gas futures for February surged 16% higher to $3.5910. The natural gas market is 22% higher in 2019. After a milder than normal December and early January, prices could continue to be volatile. The Energy Information Administration (EIA) will report on gas storage on Thursday.
Thursday, January 10, 2019
Bed Bath & Beyond Inc. (BBBY)
| Bed Bath & Beyond Inc. (BBBY) shares rocketed higher in the extended session Wednesday after the home-furnishings retailer's outlook topped Wall Street estimates. Bed Bath & Beyond shares rallied 22% after hours, following a 4.1% rise to close the regular session at $12.26. In a statement, the company said it expects "fiscal 2019 net earnings per diluted share will be about the same as fiscal 2018." Bed Bath & Beyond estimates fiscal 2018 earnings of "about $2" a share. Analysts surveyed by FactSet expect earnings of $1.99 a share for fiscal 2018, and $1.56 a share for fiscal 2019. The company reported fiscal third-quarter net income of $24.4 million, or 18 cents a share, compared with $61.3 million, or 44 cents a share, in the year-ago period. Revenue rose to $3.03 billion from $2.95 billion in the year-ago quarter. Analysts surveyed by FactSet had forecast earnings of 18 cents a share on revenue of $3.05 billion. |
Tuesday, January 8, 2019
Crude oil prices 1/8
U.S. Crude oil prices rose for a sixth straight session yesterday, which marks the longest daily rally since July 2017. U.S. Crude oil futures (/CL) had reached an intraday high of $49.79, after it was reported that Saudi Arabia was planning to make new cuts to its crude oil exports. U.S. Natural Gas futures (/NG) fell to their lowest level in almost four months. Warmer than average temperatures and a bearish report on the amount of natural gas in storage has weighed on the market. February Natural gas futures lost 3.3% on Monday, to close at $2.949.
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