Author: apexa

Indonesia Energy (INDO) stock surges by a massive range today with the rise in oil prices after the Russian invasion of Ukraine. The stock trended amongst the investors surging around 50% even in the pre-market trade. The company did not release any news reports or make any noticeable filings, making it evident that external factors influenced the stock price and its bounce. Indonesia Energy Corp. Ltd (NYSE: INDO) has a market capitalization of $169.81 million and an average trading volume of 5.6 million shares. The company’s trading volume increased around five times, with the current trading volume at…

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Canaan Inc. (NASDAQ: CAN), one of the leading high-performance computing solutions providers, announced their unaudited financial results, after which the stock surged 17% in the pre-market trade. The company released its earnings for the quarter that ended on December 31, 2021. The company published its net revenues of RMB 2,184.6 million (around $342.8 million), with a sequential increase of 65.8%. The gross profit reported was RMB 1,486.9 million ($233.3 million), with a sequential increase of 100.5%. The company had a net loss of RMB 72.0 million, but its net income rose to RMB 1,196.5 million ($187.8 million) in this quarter…

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Best Buy Co. Inc. (NYSE: BBY) announced its fourth-quarter earnings on Thursday before the market opened. With a market capitalization of $24.258 billion and an average trading volume of 2.9 million shares, the company reported earnings for this quarter reporting the profit at $626 million. The Best Buy (BBY) stock which previously closed at $100.84, traded at $105.80, up 4.96 points (+4.92%) in the pre-market trade after the earnings was released. Revenue: $16.36 billionEPS: $2.73 per share Financial Highlights Q4 comparable ales Decreased 2.3% Compared to 12.6% Growth in Q4 FY21 Q4 GAAP Diluted EPS of $2.62 Q4 Non-GAAP Diluted…

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Russia’s richest men have been recently sanctioned by various countries and organizations, including the new ones coming from the European Union- according to which, they are connected politically and financially to the Putin government. Earlier, Russian President Vladimir Putin said that crypto mining is one of Russia’s competitive advantages over many other countries. Therefore, the nation could seek its ‘competitive advantages’ to escape the newly imposed economic and financial sanctions. Cryptocurrencies have become the definition of Gen-Z assets. But the unregulated crypto market might also be a way for the Russians to capitalize on their crypto mining sector.…

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U.S. oil prices crossed $110 a barrel on Wednesday for the very first time since 2013 after the markets continued to suffer because of the Russian invasion of Ukraine. The turmoil has constantly increased in Ukraine after the Russian forces initiated the use of force. Russia has been accomplishing its objectives and conquering the Ukrainian territories. The peace talks between Russia and Ukraine have already entered their second phase but do not bring any rewards. Different countries and organizations worldwide have been imposing new sanctions on Russia almost every day. Russia’s largest commercial banks have also been excluded…

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IQiy (IQ) stock surged over 20% after a strong Q4 report. The company got some significant buying attention after its financial results, which showed a narrower-than-expected revenue loss. The revenue rose around 9% from the year before jumping alongside the Chinese internet giant Baidu (BIDU), the standout performer during Tuesday’s trading. The internet giant rose around 8% during the day trade after publishing street beating revenue for the fourth quarter. iQiy (IQ) is Baidu’s majority-owned subsidiary experienced the biggest post-earnings strength during the day, surging around 25%. Baidu posted an 8% gain on Tuesday. BIDU with a…

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Target Corp. (TGT), the American big-box department store chain, published its earnings for the fourth quarter on Tuesday, after which the retailer’s stock surged. The company said it expects its growth to continue even after the pandemic positively affected its sales, which helped the company get new customers. Target (TGT) reported that its sales grew by 9% in this fiscal quarter despite supply-chain pressures. Target (TGT) said that it expects the sales to rise further even though the markets are witnessing inflation and the prices of food, fuel, and other goods are increasing. EPS: $3.19 adjusted vs. $2.86, expected Revenue: $31…

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The cryptocurrency market has been in the green, rising steadily with the sanctions being imposed on Russia. These sanctions also include the crypto market. In a new series of events, the Biden Administration has asked the crypto exchanges to ensure that the Russian investors aren’t escaping the sanctions imposed on them using the digital currencies. The crypto market has also been surging because the Russian stock market remained closed as the Ruble plummeted because of the sanctions imposed on the country. On Monday, Bitcoin surged around 15% and went beyond the $44,400 margin, while the weekly surge of…

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AMC Entertainment Holdings Inc. (NYSE: AMC) stock crossed the $20 margin after trading in the under-twenties for the last few days. Earlier on Wednesday, the AMC stock rose around 10% after the Theatre chain’s CEO Adam Aron announced hiring a new Vice President.   Vanguard Group Inc. filed an SC 13G form with the Securities and Exchange Commission (SEC). The company disclosed the ownership of 47,085,666 shares of AMC Entertainment Holdings (AMC), representing 9.16% of the company’s ownership. In their previous filing, Vanguard had reported owning 7,664,955 shares, indicating an increase of 514.30%. AMC stock that had enjoyed its golden time…

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Merck & Co. Inc. (NYSE: MRK) announced its fourth-quarter earnings on Thursday before the market opened. With a market capitalization of $207.152 billion and an average trading volume of 14,064,560 shares, the company reported the earnings for this quarter ending in December. Revenue: $13.52 billion vs. estimated $13.16 BEPS: $1.80 vs estimated $1.53    Financial Highlights   Fourth-Quarter 2021 Worldwide Sales from continuing operations were $13.5 Billion, an increase of 24% from fourth-quarter 2020; excluding the impact from foreign exchange, sales grew 23%; includes $952 million of Molnupiravir Sales.Fourth-Quarter 2021 GAAP EPS from continuing operations was $1.51; Fourth-Quarter 2021 Non-GAAP EPS was $1.80.Full-Year…

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