$TENCENT(00700)$China internet giant Tencent Holdings (TCEHY) reported second-quarter results early Wednesday that missed estimates on the top and bottom lines. But Tencent stock climbed as a decline in ad revenue ended up smaller than expected.The company reported adjusted earnings of 28 cents a share on revenue of $19.7 billion. Analysts expected Tencent to report earnings of 38 cents a share on revenue of $19.9 billion, according to FactSet.Let's buy
First, how a stock can be included in the Index? $Straits Times Index(STI.SI)$ A stock can be included in the Index because they have grown to reach a certain market capitalization that allows it to be given a place in the Index. The real use of the index is to provide an objective picture to investors of the direction of the stock market movement. Usually the companies that are in the Index have reached a high level of maturity to a point that we no longer need to question their fundamental quality. This is because based on its market capitalization, it is so large that it should not be possible to achieve unless if the company in question does have quality. In other words, the Index actually represents the best
Urn //@daz88888888: $Virgin Galactic(SPCE)$$Toughbuilt Industries, Inc.(TBLT)$Earnings season is set to kick off this week, starting with big banks, and investors will be watching to see if they can deliver on high expectations. Here’s what we’re watching ahead of Monday’s open.Futures tied to the S&P 500 were flat after the broad-market index reached a record high on Friday. Futures linked to the Nasdaq-100 ticked up 0.5%, suggesting further gains in technology stocks after the Nasdaq Composite ended last week at a record. Dow Jones Industrial Average futures slipped 0.3%. Kn
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Up//@Suman923:$Gold - main 2206(GCmain)$ $Micro 10-Year Yield - main 2202(10Ymain)$ Spot gold hit its highest level since March 14 in session, testing the $1,960 zone. The comments of Charles Evans somewhat cooled his ardor at the end of the session.Technically investors would remain waiting for information on the level of intervention from the Fed which could put a lid on the gold market.In this regard, the March US consumer price report, due today, could enlighten traders expecting further increases due to the impact of the war in Ukraine on energy costs.In the longer term, the war in Ukraine continues and without a clear solution and it would become obvious that gold is supported.