Ticker delayed 20 minutes
Avg Daily Volume: 21,248,155 Market Cap: 25.73B
Sector: None Short Interest: None
EARNINGS EXPECTATIONS:
THIS QTR: EPS: .01/share REV: 563.03/M
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LAST QTR: EPS: -.05/share ACTUAL: -.04/share (BEAT)
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NEXT QTR: EPS: -.06/share REV: 461.63/M
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FULL YR: EPS: -.19/share REV: 1,720/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD: 60% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) -7.64, 18.74, -7.75
EXPECTED JUMP MOVE: 10-15%
Links To Latest News and Headlines
A law banning China-owned TikTok grew more likely, with its hitching to an aid bill for Ukraine and Israel set for a Saturday vote. Washington watchers put high odds on the ban going to the Senate next week, and then the White House for signing. “It’s going to pass this weekend, unless something really weird happens,” says Paul Gallant, of TD Cowen’s Washington Research Group.
Congress is getting closer to legislation against TikTok.
Bad news for a rival is being taken as a positive by the U.S. social media company’s investors.
(Bloomberg) — TikTok is heading to its moment of truth in Washington, with Congress on a fast track to approve a bill aimed at forcing the social-media platform’s Chinese parent ByteDance Ltd. to divest its controversial ownership stake.Most Read from BloombergElon Wants His Money BackNew York’s Rich Get Creative to Flee State Taxes. Auditors Are On to Them‘Mag Seven’ Get Crushed Before Next Week’s Results: Markets WrapDubai Grinds to Standstill as Flooding Hits CityIsrael Reported to Have Laun
Stocks (^DJI, ^IXIC, ^GSPC) reversed course throughout Wednesday and ended up closing the session lower. The Nasdaq Composite fell by over 180 points. Market Domination Overtime Host Julie Hyman reviews the day’s trading activity, eyeing the performance of tech leaders Nvidia (NVDA) and Snap Inc. (SNAP). For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Luke Carberry Mogan.
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