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March 4 Pre-Market Earnings Release Stocks
(CIEN) Ciena’s stock declined sharply even though the networking firm delivered earnings that surpassed expectations and raised its full-year guidance. In the fiscal first quarter, the company posted adjusted earnings of $1.35 per share and generated $1.43 billion in revenue, marking a 33% year-over-year increase.
(AMPX) Amprius Technologies Inc posted an adjusted loss of 1 cent per share for the quarter ending December 31, while revenue jumped 137.4% compared with the same period last year to reach $25.23 million.
(TNGX) Tango Therapeutics surged 23% to $15.30 bringing its gains over the past year to more than sevenfold. For the fourth quarter, the company posted a net loss of $38.7 million, or 29 cents per share, versus a loss of $30.8 million, or 32 cents per share, a year earlier.
BTCUSD (BITCOIN) UPDATE
- Failure to reach 75K and stay above 72K puts 70K in the spotlight again although key levels on the downside are not until the trendline and 67363.
- What will drive the price action is whether BTCUSD longs want to stay that way into thin weekend trading..
- With that said, needs to stay above 70K to keep a bid.
BTCUSD 4 HOUR CHART
NAS100 (NASDAQ) UPDATE
- Surprise should not be that stocks are backing off today (as oil prices surge higher) but at how resilient they have been.
- With that said, 25000 remains pivotal but only a solid and sustained move above would negate a choice between consolidation or a fresh test of the downside.
NAS100 4 HOUR CHART
XTIUSD UPDATE
- Looking ahead, its hard to see anyone wanting to be short oil ahead of the weekend, suggesting XTIUSD should maintain support on dips as long as it stays above USD75.00. stronger bod if 78.00 becomes support.
- Chart shows 78.83 and 80.99 as next key resistance on the chart with 80.00 the next pivotal level.
XTIUUSD DAILY CHART
FX option expiries for 5 March 10am New York cut
EUR/USD at the 1.1600 level. It’s the same story as yesterday as the expiries here also intersect at the same level. The dollar is once again stronger today as markets are feeling a bit more nervous again on the US-Iran conflict. And that is the bigger driver of trading sentiment at the moment.
If anything, the expiries could play a small role in keeping price action more cagey around the figure level. But in all likelihood, the impact of the expiries is likely to be more muted. That as there are bigger forces in play to drive price action as we look to the day ahead.
Oil prices are back on the up and inflation worries are creeping back in, making for a softer risk mood as we approach European trading. As such, that is underpinning the dollar again so EUR/USD may look to keep below 1.1600 with the expiries helping to limit the ceiling in the session ahead.
March 4 Post-Market Earnings Release Stocks
(AVGO) Broadcom posted Q1 revenue of $19.31 billion and earnings of $2.05 per share, exceeding estimates. Q2 revenue is expected around $22 billion, fueled by strong AI chip demand.
(STEM) STEM, Inc. posted fiscal 2025 revenue of $156.3 million, an 8% rise from last year, driven by service growth. The company reported a GAAP net income of $137.8 million, reversing a $854.0 million loss.
(RGTI) Rigetti Computing, Inc. has obtained about $5.7 million in orders for two Novera quantum systems and its first Novera QPU order from a Japanese research group.
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