The S&P 500 had a good week due to the impressive start of Q1 earnings and favorable inflation data. In March, the consumer price index rose 5%, lower than the previous month's 6%, and met economists' expectations.
AIG earnings: beating the local highs?
2021-02-15 • Updated
AIG reports its Q4’2020 results after February 16 midnight MT time, with the consensus expected EPS of $0.98.
The last report was very strong. On November 5, AIG reported an EPS of $0.81 that beat the expectation of $0.55. Combined with other outperforming figures, it pushed the stock price from $33 to $37 per share and made it establish a new tactical support area.
Currently, the stock trades above $41. If the report beats the expectations, the price will likely rise back to $42.50 to beat the local high and open the way to $50: don’t forget AIG still hasn’t recovered from the virus plunge! In the opposite scenario, a weak report will likely press the stock to $40. Be there to trade it on the FBS Trader!
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