
This week AMD, Amazon, and Apple will release their earnings reports. These tech giants will determine the future of the US stock market!
2020-03-20 • Updated
While a number of stocks lost up to 50% of their value because of the coronavirus, Walmart, although going through obvious turbulence, did significantly better than 99% of its peers. Ironically enough, its performance in 2020 is +1%. Under normal market conditions, it would hardly be a reason to brag. But when the market gets decimated sector by sector, this one-percent-strong performance is like the only whole stone left from a destroyed tower.
The same can be said about Amazon. In fact, there is no visual sign of a problem with this stock. Yes, there was a sharp rise to $2,190, then a fall to $1,690, some would say “that’s a 22% drop!”. True, but the drop taken alone brings little constructive information. You have to look strategic: the stock was at $1915 at the beginning of 2020. Since then, it made its rise and fall, but now it is almost exactly there. Trading at $1,878, it is only a few dozens of dollars away from $1,915. In view of the enormous almost two-thousand-dollar value of this stock, this $37 gap may be well forgiven.
Netflix entered January 2020 at $322 per share. Currently, it trades at $332. Although it suffered a plunge to $295 from its recent top at $390 – “almost a 100$ drop for a previously-400-dollar stock”, one can say – still, we look at the results. The virus is still around, some stocks are still down, but Netflix is $10 higher than where it was before the virus-caused crisis. Well done and keep the mark.
This week AMD, Amazon, and Apple will release their earnings reports. These tech giants will determine the future of the US stock market!
Earnings season is a crucial time for investors and analysts, as it provides insights into how well companies have performed over the past quarter and gives indications of their future earnings. In 2023, expectations for US Q1 earnings were low due to economic challenges and rising interest rates. Surprisingly, many companies beat these low expectations, with 75% of S&P 500 companies surpassing forecasts.
Tesla, Netflix and Goldman Sachs will publish their earnings reports these week. Here is why you should follow.
The past several weeks have been a real triumph for the bulls in the oil market. The Brent spot price grew by 8.5% during the last month.
Gold prices are rising for three consecutive days ahead of the Federal Reserve (Fed) interest rate decision, which is expected to remain unchanged due to declining inflation and a positive economic outlook. Investors are keen on the Fed's interest rate guidance, fearing a hawkish stance that could trigger market risk aversion.
Amid concerns of a Chinese economic slowdown, reports of declining investment often overlook China's efficient investment strategy in emerging sectors for long-term growth. China has taken measures to stabilize foreign and private sector investments, like reducing the reserve requirement ratio to boost investor confidence.
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