Verizon Pops on Buffett Buying but Is the Strength Sustainable? I am open to a purchase of VZ but the charts have to show me a lot of improvement. Stocks quotes in this article: VZ, BRK.A
Verizon Communications (VZ) gapped higher on Wednesday as traders reacted to the news that Warren Buffett (Berkshire Hathaway (BRK.A) BRK.B) had purchased a stake in the company. Trading volume had increased in December and January but that does not seem like a tell of his actions.
Let s check out the charts and indicators of VZ to see if this move makes sense technically.
Twilio surges 10% as adjusted profit beats expectations and 4th-quarter revenue growth picks up
Isabelle LeeFeb 18, 2021, 20:17 IST
Big Tech recovers after a rough day Wednesday on Wall Street.Matteo Colombo/Getty Images
Shares of
earnings for the fourth quarter.
The San Francisco-based company posted adjusted earnings of 4 cents a share, higher than analysts estimates on Wednesday.
Revenue leaped 65% to $548.1 million compared to the $454.8 million expected by analysts.
Shares of Twilio rose 10% on Thursday after the cloud-computing company reported higher-than-expected revenue and earnings for the fourth quarter as demand for its software continued to rise amid the pandemic.
The San Francisco-based company on Wednesday posted adjusted earnings of $0.04 a share, significantly surpassing the expected adjusted loss of $0.8 a share, according to Refinitiv.
The Dow Jones Industrial Average swung in volatile trading on Wednesday as investors weighed improving economic data with rising inflation expectations.