CBOE’s Weekly Market Recap: August 15 To August 19

DGAP-Information: Cboe International Markets, Inc.

CBOE’s Weekly Market Recap: August 15 To August 19

08.31.2022 / 18:11 CET/CEST
The issuer is solely liable for the content material of this announcement.

After 4 weeks of bullish motion, it seems the market could also be reaching the peak of its rally.

consultants from BlackRock Inc. (NYSE: BLK) and JPMorgan Chase & Co. (NYSE: JPM) have been warning the general public that the rally skilled within the final month is sure to be met with resistance quickly a premonition they attributed to worsening world financial circumstances.

SPDR S&P 500 ETF Belief (NYSEARCA: SPY) has, maybe, begun validating these beliefs, declining 1.16% final week and beginning off Monday by gapping down greater than 1%. Cboe International Markets Inc. (BATS: CBOE) experiences that European exchange-traded funds (ETFs) just like the iShares Core MSCI Europe ETF (NYSEARCA: IEUR), iShares Core DAX UCITS ETF (BIT: EXS1) and Lyxor CAC 40 ETF (EPA: CAC) have all skilled worth drops final week, too.

Cryptocurrency Leaders Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) have mirrored the equities market, every declining greater than 10% final week. Exemplifying the market’s downturn is Zoom Video Communications Inc. (NASDAQ: ZM), this week’s chart of the week following a disappointing earnings report.

Lastly, Cboe notes upcoming earnings that will carry buyers’ eyebrows within the week to comply with.

Fast BitesExchange-Traded Funds

  • The SPDR S&P 500 ETF decreased by 1.16% final week, hinting at a possible high following a robust rally all through June, July and the primary half of August.

  • The Invesco QQQ Belief Sequence 1 (NASDAQ: QQQ) elevated by 2.28% final week, following swimsuit with the SPY’s total actions.

  • The iShares Russell 2000 ETF (NASDAQ: IWM) rose by 2.85% final week, the best improve among the many three exchange-traded funds recorded on this sequence.

  • The Cboe Volatility Index™ (INDEXCBOE: VIX) decreased by 0.15% final week.

World Markets

  • The iShares Core MSCI Europe ETF (NYSEARCA: IEUR) decreased by 3.69% week-on-week.

  • The iShares FTSE 100 UCITS ETF (LSE: ISF) elevated by 0.81% week-on-week, displaying uncommon energy.

  • The iShares Core DAX UCITS ETF (BIT: EXS1) decreased by 1.86% week-on-week.

  • The Lyxor CAC 40 ETF (EPA: CAC) decreased by 0.98 % week-on-week.

Chart Of The Week: ZM

Shares of telecommunications firm Zoom Video Communications tumbled following an earnings report that stunned Wall Avenue analysts.

On Aug. 22, the corporate reported an earnings per share (EPS) revenue of $1.05, a determine 10% larger than consensus estimates. The constructive EPS determine, nevertheless, was eclipsed by the corporate’s income miss, which noticed it file $1,099 billion as a substitute of the $1,116 billion estimate.

The small deviation — amounting to 1.45% — was sufficient to drive the corporate’s inventory from $97.44 a share to $84.56 on the subsequent day’s open, at a 13% decline in a single day.

Since its peak in October 2020, the corporate’s inventory has fallen by a whopping 86%.

Main Cryptocurrencies

  • Bitcoin decreased by 11.48% final week following weeks of upward momentum. The cryptocurrency stays in a downtrend on the weekly and each day charts.

  • Ethereum decreased by 16.49% final week, utterly erasing the week prior’s upward motion.

  • Solana decreased by 18.7% and closed at a worth of $36.47 per coin.

Upcoming Earnings Releases

Numerous high-end corporations report earnings within the following week, together with:

  • Xpeng Inc. (NYSE: XPEV) – EPS estimate: -$2.61

  • Mawson Infrastructure Group (NASDAQ: MIGI) – EPS: $0.23

  • City Outfitters Inc. (NASDAQ: URBN) – EPS estimate: $0.70

  • Nvidia Corp. (NASDAQ: NVDA) – EPS estimate: $0.49

  • Salesforce Inc. (NYSE: CRM) – EPS estimate: $1.02

  • Snowflake Inc. (NYSE: SNOW) – EPS estimate: -$0.01

  • Royal Financial institution of Canada (TSE: RY) – EPS estimate: $1.97

  • Toronto-Dominion Financial institution (NYSE: TD) – EPS estimate: $2.04

  • Peloton Interactive Inc. (NASDAQ: PTON) – EPS estimate: -$0.72

  • Dell Applied sciences Inc. (NYSE: DELL) – EPS estimate: $1.64

click on right here for extra weekly insights by Cboe.

This submit incorporates sponsored promoting content material. This content material is for informational functions solely and isn’t meant to be investing recommendation.

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Michele Ormont


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