On April 15, Bank of America and Citigroup report their earnings in the first quarter of 2021. Are they equally good?
General Motors: will rally up continue?
2021-02-08 • Updated
General Motors is trading at all-time highs. Some investors have started thinking that it’s overbought, that’s why they have taken a wait-and-see approach in anticipation for some catalyst. And here it comes! General Motors will report its earnings on February 10 at 17:00 MT time (GMT+2). The market forecast is $1.64 per share.
- If the actual earnings are greater than the estimates of $1.64, GM will rise.
- If the actual earnings are less than the estimates of $1.64, GM will drop.
Green stocks are becoming more popular among investors. Have you noticed? Microsoft has cooperated with Honda, Google – with Ford. Indeed, the electrical vehicles take the large part of environment-friendly stocks and they have a huge potential to grow. Such a high interest was triggered by Biden’s commitment to fight global climate change. His goal is to make the US carbon-free by 2050.
Why GM surged?
General Motors has been developing a fully electric future. It grabbed the attention of traders with its ecosystem BrightDrop, which helped the stock to surge. BrightDrop is “first to last mile delivery” system, which consists only of electrified products and services. General Motors also announced plans to go carbon neutral by 2040! No doubt that General Motors will take one of the leading positions in the electric-vehicle race.
General Motors rose above $55.00 for the first time in its history, but pulled back to $50.00. It should be just a natural sell-off ahead of the further rally up. If the earnings report beats the estimates, it may jump to the key psychological mark of $60.00. On the flip side, the worse-than-expected report may drive the stock below $50.00 to the recent low of $40.00.
You can also trade Cisco stock with FBS Trader mobile app. Remember that stock trading starts as the US session begins (at 16:30 MT time).
Don't know how to trade stocks? Here are some simple steps.
- First of all, be sure you’ve downloaded Metatrader 5or FBS Trader app. FBS allows you to trade stocks only through this software.
- Open the MT5 account in your personal area(an account in FBS Trader).
S&P 500 is trading just below the key milestone of 4000. It’s likely to hit this level by the end of this week. What is the reason for this growth and what is the forecast? Let’s find out!
Let’s discuss the future of the well-known stocks: Amazon, Apple, Facebook, Google, and Microsoft, that form FAANG group.
Stocks of tech and auto sectors are in the focus of traders these days due to the global chip shortage. Let’s find out what is going on with chips and why it’s important for traders.
What are the first stocks that'll see their quarterly reports out? Let's check them out and prepare for some moves in the stock market!
Morgan Stanley, a huge investment bank, has warned investors about a “risk” not having Tesla stock.