The equity market finished higher to snap off from the low as Russia was seen to have pulled back some of its troops from the Ukrainian border. This helped to alleviate the fear of an escalation into war.
The optimism elevates major indices higher in Russia’s openness to a diplomatic solution. Nonetheless, geopolitical risks are still high as British Prime Minister Boris signalled his scepticism on any softening of stance by Russia. President Biden also shared such sentiments.
WTI crude oil retreated with the positive Russia dynamics as the fear that Europe may be forced to put sanctions on Russian oil to reduce global supply and push prices higher. This may worsen the already worried inflation globally.
🎢Airbnb: Top estimates💰
The company registered a better than expected fourth-quarter result as the company sees short term rentals up by 78% from a year ago. It is also higher than the 2019 level by 38% to hit $1.53 billion in revenue, well ahead of the Wall Street consensus of $1.46 billion.
Pika World is increasingly looking at possible re-opening play during any pullback with only mild accumulation.
🧨Roblox: A more comprehensive loss🥊
The company reported a record number of active users, but shares sunk in the after-hour as it had incurred a more significant loss than expected net loss for the quarter to reach $143.3 million or 25 cents per share.
It is still growing rapidly and internationally as a platform that attracts children and teens with online games experiences. The CFO is also optimistic that it can increase its age demographics and add music on the platform. This includes the brand partnerships and the spread of breadth in content. It could be more appealing to the older age group too.
Pika World is monitoring the counter for a potential entry point.
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