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Cboe Global Markets Inc. (BATS:CBOE) reports a decline in a number of U.S. funds tracking major indices, including the Nasdaq 100 Index, the Russell 2000 Index and the S&P 500 Index. Similar weakness is observed in European stock markets, specifically in Germany’s DAX 30, France’s CAC 40 and Europe’s MSCI European. 

Lisa Su’s Advanced Micro Devices Inc. (NASDAQ:AMD) wins chart of the week following a strong reaction to a recently released earnings report. 

Finally, Cboe notes important upcoming earnings that may lift investors’ eyebrows in the following week.

Quick Bites

Exchange-Traded Funds 

World Markets

• The MSCI European ETF (NYSE:IEUR) declined 3.08% week-on-week.
• The iShares FTSE 100 (LSE: ISF) declined 4.07% week-on-week.
• The iShares DAX 30 (BIT: EXS1) declined 3.22% week-on-week. 
• The Lyxor CAC 40 ETF (EPA: CAC) declined 3.72% week-on-week. 

Chart Of The Week: AMD

This photo was taken from the TradingView platform

Shares of the semiconductor company Advanced Micro Devices (AMD) climbed 7 points – 7.68% – in the aftermarket hours as a result of a strong earnings report surprise. The company’s earnings per share (EPS) stood at $1.13, a pleasant surprise for analysts who had placed the figure at $0.91. Similarly, AMD reported revenue of $5.88 billion, a nearly 20% higher figure than the estimated $5 billion. 

AMD’s stock price has flirted with pre-earnings valuations, but it maintains a positive front, closing up 11.48% on the week amid overall market weakness.

Major Cryptos

At the time of writing: 

Upcoming Earnings And Catalysts

May 9

Earnings-per-share estimates stand at -$0.59, $9.17, -$0.41, $3.41, -$0.37, $0.04 and $0.53, respectively. 

May 10

Earnings-per-share estimates sit at $0, $1.43, -$0.38, -$0.84, $0.27, -$0.18, $0.55, -$0.08 and $2.03, respectively. 

According to Kiplinger, analysts, on average, are expecting Occidental Petroleum to report earnings of $2.03 per share in the first quarter versus a per-share loss of 15 cents in the year-ago period. Revenue is projected to jump 47.3% to $8.1 billion.

May 11

The earnings-per-share estimates for each are -$0.94, -$0.04, $0.07, -$1.40, $2.46, $0.18 and $1.06, respectively. 

Click here 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.