www.varchev.com

The mood before the start of the session

Fluctuating trade around corporate accounts can be seen on Tuesday. Consumer products company Procter & Gamble will release results before opening, while giant Snap and video streaming Netflix will report after the market closes.

Speaker of Parliament Nancy Pelosi said he hoped it would be clear by the end of Tuesday whether a stimulus deal would be completed before the election.

Another uncertainty looming over the market is the fate of the United Kingdom with the European Union, which has made increasing progress with the news that formal negotiations are likely to resume.

Here are the stocks that made bigger moves before the start of the US markets:

Albertsons (ACI) – The supermarket chain reported a quarterly earnings of 60 cents a share, more than twice the average 26 cents of analysts surveyed by Refinitiv. Revenue was also above forecasts, aided by a 243% jump in digital sales. Shares of Albertsons rose 4% in pre-trading.

IBM (IBM) – IBM reported a quarterly earnings of $ 2.58 per share, in line with Wall Street forecasts. Revenues are slightly above forecasts due to higher demand for cloud services. However, stocks came under pressure after IBM refused to publish forecasts for the current quarter due to uncertainty related to the pandemic. IBM shares lost 2.8% in pre-trading

UBS (UBS) – UBS saw its quarterly profit double, driven by strong investment banking and boost profits from its wealth management division. The Swiss bank has also set aside $ 2.5 billion for potential dividends and share buybacks.

0

 Junior Trader Mert Mustafa


Read more:
RECCOMEND WAS THIS POST USEFUL FOR YOU?
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance