|
DGAP-News: Cboe Global Markets, Inc.
Following three weeks of consecutive decline, the world’s markets showed some signs of positivity last week. Cboe Global Markets Inc. (BATS: CBOE) reports that all the exchange-traded funds (ETFs) and indices recorded in this series have experienced a price ascension last week. The SPDR S&P 500 ETF (NYSEARCA: SPY), which is perhaps the most notable of these, increased 3.66%, dwarfing the prior week’s 3.22% decline. Price ascensions seen in the equities market have been mimicked in trends on the cryptocurrency scene. Both Bitcoin and Ethereum experienced price ascensions greater than 5% last week, leading investors to wonder whether the bottom has finally been reached. Despite the positive signs, investors will do well to note important economic figures due for release next week, including the consumer price index (CPI), the Federal Budget, Retail Sales and Business Inventories. It’s generally accepted that these figures will dictate the trajectory of the market and show signs of where the economy is heading. Enphase Energy Inc. (NASDAQ: ENPH) wins chart of the week following a series of earning reports that showed accelerated earnings and revenue. In 2022, the stock has risen 66%. Finally, Cboe notes earnings reports that may raise investors’ eyebrows in the following week. Quick BitesExchange-Traded Funds
 Shares of solar energy provider Enphase Energy Inc. have been steadily rising over the past couple of months, showing strength in a market that has dropped significantly since the start of 2022. Over its last three earnings reports, Enphase Energy has had three consecutive quarters of accelerated earnings. On Feb. 8, the company reported an earnings per share (EPS) rate of 73 cents. On April 16, its EPS rose to 79 cents, and on July 26, its EPS reached $1.07. Accompanying this increase in earnings is a steady increase in revenue. In the same periods described above, the company’s revenue increased from $412 million to $441 million to $530 million. Following its latest earnings release, Enphase’s volume rose to 11.7 million — more than triple the volume’s 20-day average. With improved fundamentals and experts warning of a crisis in Europe for traditional energy sources, Enphase’s stock recently broke above the $300 per share mark. Mark Minervini, former U.S. investing champion, on Twitter: “Sometimes the best stock to buy is the one you already own. Yesterday we added to our existing position in$ENPH. Today we added to our existing position in$BJ.” Major Cryptocurrencies
A number of companies report earnings next week, including:
Click for more weekly insights by Cboe. This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. Contact DetailsMichele Ormont Company WebsiteNews Source: News Direct
13.09.2022 CET/CEST Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
| Language: | English |
| Company: | Cboe Global Markets, Inc. |
| United States | |
| ISIN: | US12503M1080 |
| EQS News ID: | 1441635 |
| End of News | DGAP News Service |
|
|
1441635 13.09.2022 CET/CEST
