CBOE Cboe Global Markets Inc

DGAP-News: CBOE's Weekly Market Recap: September 5 to September 9

DGAP-News: Cboe Global Markets, Inc.
CBOE's Weekly Market Recap: September 5 to September 9

13.09.2022 / 15:04 CET/CEST
The issuer is solely responsible for the content of this announcement.


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
  • The SPDR S&P 500 ETF (NYSEARCA: SPY) increased by 3.66% last week, the ETF’s first weekly price ascension since the week beginning Aug. 8.

  • The Invesco QQQ Trust Series 1 (NASDAQ: QQQ) increased by 4.04% last week, mimicking the SPY’s overall movements.

  • The iShares Russell 2000 ETF (NASDAQ: IWM) increased by 4.06% last week, experiencing a larger incline than both its larger counterparts.

  • The Cboe Volatility Index™ (INDEXCBOE: VIX) declined by 10.53% last week.

World Markets
  • The iShares Core MSCI Europe ETF (NYSEARCA: IEUR) increased by 4.3% week-on-week.

  • The iShares FTSE 100 UCITS ETF (LSE: ISF) increased by 1.1% week-on-week.

  • The iShares Core DAX UCITS ETF (BIT: EXS1) increased by 0.27% week-on-week.

  • The Lyxor CAC 40 ETF (EPA: CAC) increased by 0.74% week-on-week.

Chart Of The Week: ENPH9CEDI59T.png

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
  • At the time of writing, Bitcoin (CRYPTO: BTC) has increased by 7.79% since last week.

  • At the time of writing, Ethereum (CRYPTO: ETH) has increased by 11.18% since last week, holding above that key $1,500 price tag.

  • At the time of writing, Solana (CRYPTO: SOL) has increased by 8.22% since last week, holding above that key $30 price tag.

Upcoming Earnings Releases

A number of companies report earnings next week, including:

  • Oracle Corp. (NYSE: ORCL) – EPS estimate: $1.08

  • Adobe Inc. (NASDAQ: ADBE) – EPS estimate: $3.35

  • Manchester United PLC (NYSE: MANU) – EPS estimate: -$0.18

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 Details

Michele Ormont

Company Website


News Source: News Direct


13.09.2022 CET/CEST Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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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

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