These Reports Will Determine The Fate of The US Tech Sector
This week AMD, Amazon, and Apple will release their earnings reports. These tech giants will determine the future of the US stock market!
AT&T: volatility and benefit
2021-01-26 • Updated
AT&T reports its quarterly earnings this Wednesday, at 15:30 MT time.
The consensus on expected EPS is $0.73 against $0.89 for the same quarter last year.
Looking at the weekly chart of the AT&T stock, you’d unlikely find it too stable over the long term, won’t you? On the other side, since the beginning of 2019, it has been mostly gaining: it went from $28 per share in December 2018 to almost $40 a year later. That’s exactly where it was floating around when the virus hit. It’s now back at the same $28 as three years ago, struggling to get up. Will it recover and move upwards? Very possibly: the current management of the company seems to have taken a couple of constructive steps to make sure the company does well from the financial side. In the end, some 25 years ago, the stock was just at the same price. Isn’t that a sign of stability?
The short-term technical layout is quite controversial. Since it came down from $31.50, this stock has never recovered the loss. Instead, it’s been going through phases of diminishing oscillation around $29. Currently, it’s in a clear consolidation at this level, and converging Moving Averages confirm that. Even with a positive report of quarterly earnings, it may require quite some effort for this stock to break from the downside gravity: the local resistance of $30 may be a good indicator for that. Nevertheless, even with a drop, it is unlikely to go lower than the tactical low of $28 – that’s the main support to watch.
Don't know how to trade stocks? Here are some simple steps.
- First of all, be sure you’ve downloaded Metatrader 5.FBS allows you to trade stocks only through this software.
- Open the MT5 account in your personal area.
- Reveal all trading instruments by clicking “show all” at the “Market Watch” window.
- Start trading!
Similar
How will the reporting season affect US indices?
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.
Earnings Reports You Can't Miss This Week
Tesla, Netflix and Goldman Sachs will publish their earnings reports these week. Here is why you should follow.
Latest news
The Battle for Oil. OPEC Strikes Back
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 is Rising Despite Inflation Returns
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.
Can the Chinese Economy Recover?
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.
