More and more analysts are sure Brent oil will surpass $100 a barrel. So how heavily will oil move the markets, and what will the direction of the movement be? Let's find out!
eBay: Q2 Earnings Report Will Be Presented on August 11
2021-08-09 • Updated
What will happen?
eBay owns one of the world's largest shopping and online auction websites. The company will present its earnings report for the second quarter on Wednesday, August 11 after the stock market closes (23:00 GMT+3). The release will be followed by an investor conference call at 00:00 MT, August 12.
What to expect?
Analysts and experts expect a profit of $0.95 per share and $3 billion in revenue. In this case, the company will show a 12% decline comparing to the previous year.
According to the first-quarter earnings report eBay has outperformed its main rivals as the company posted a 30% return. However, online marketplaces face growing pressure as investors are concerned that companies will be able to improve financial results after the pandemic online retailing bump. That’s why many of eBay’s stockholders decided to take their profits. The price dropped by 10% during the post-market session after the financial report was published.
The explosive growth of non-fungible tokens (NFT) has underpinned revenue and investor sentiment since sales were introduced in May. NFTs offer greater access to a broader audience of collectors and creators. In the same way, digital publishing brought more exposure for writers, digital collectibles bring greater opportunity for artists and creators. It’s a perfect place for this initiative, with digital trading cards, music, entertainment, and art backed up by blockchain technology. As a result, the stock rallied into July’s all-time high.
Driven by NFTs eBay can surprise investors and outperform markets expectations.
The price locates between 100- and 200-day moving averages. The RSI oscillator indicates the asset is close to being oversold, so it is hard to expect a massive drop. In this situation the best option is to watch the 200-period moving average at $64 as it will be a great chance to open long position.
Otherwise, if eBay overperforms expectations the price will rise to $67 and $70 resistance levels shortly.
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Why? Despite the fact that analysts and experts have been predicting the US stock market crash during pash year S&P500 doubled since March 2020 crush and NASDAQ is also gaining permanently…
About PayPal PayPal is an electronic commerce company that facilitates payments between parties through online transfers…
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