ONLINE FOREX BROKER
2021-05-04 • Updated
Three stocks report their earnings on Wednesday (May 5):
What are we expecting?
Expected EPS: -$7.26
In the previous quarters, the performance of Booking has been rather unstable – for understandable reasons: travel industry has been most hit by the virus. For this reason, it’s been hard to predict the performance of this corporation since the beginning of 2020. In the third quarter of 2020, it brought an EPS of $12.27 against the forecast of $15.98. In the fourth quarter, it did better showing an EPS of -$0.57 against the expected -$5.08. For the first quarter of 2021, the forecast is -$7.26 as investors are factoring in the consequences of the travel restrictions that were in place during the first months of the year. If the company provides figures better than that, it will be a firm motivation for bulls to push the stock above the all-time high and psychological level of $2500 per share.
Our Marathon starts on May 5 with trading stocks!
Expected EPS: $1.02
Unlike Booking Holdings, General Motors has been consistently outperforming against the expectations throughout the entire year of 2020. Business-wise, investors are positive about the long-term outlook for GM as it is generating healthy cash flows in all sectors of its diversified activity portfolio. North America, the core consumer geographical base for the company, is recovering, and the demand is believed to promise positive potentials for GM. The only concern for the moment may be the chip shortage problem that has recently emerged, and the company officials did not comment on the exact impact it brings to the performance of GM. Very likely, we will hear that during the quarterly earnings call. The all-time high of $63 per share may be easily broken if General Motors brings better-than-expected results.
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Expected EPS: $0.73
Technically speaking, PayPal’s stock best recovered among the three we’re seeing now. Against the lows of 85$ in March 2020, it increased in value by more than 300%. The last upswing to the all-time high of $305 in February 2021 may be attributed to the announcement that it is planning to include cryptocurrencies in the list of accepted payment methods. It lost a portion of the gains, though, now trading in the zone above $250. A strong Q1’2021 report may push it back upwards to $305 to make new all-time highs.
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.
The previous year 2022, was undoubtedly tumultuous for the stock markets, with several stocks plummeting across multiple industries. Analysts have blamed the hard times on inflation, hawkish federal reserve policies, an impending global recession, and the ongoing crisis in Ukraine. This year, however, we're beginning to see some recovery in the stock markets. This article will find a few stocks worth buying this year.
In a call scheduled for January 25, 00:30 am GMT+2, Microsoft will publish the company's earnings for the final quarter of 2022 and comment on the results, projections, and outlook for the nearest future of the company.
Let's dive into the world of gold. Currently, the price of gold, represented by XAUUSD, is stuck in indecision, hovering around the $1,975 mark. The market is anxiously awaiting two important factors: the release of the Federal Reserve's meeting minutes and the extension of the US debt ceiling.
Hey guys, this is the last full trading week in May, and many forward-looking individuals like myself are already preparing themselves to seize whatever opportunities June may have in store. On this note, I will review a few commodities that have satisfied my quest for swing-trading opportunities in the coming month. Follow me!
The Bank of England (BoE) has dramatically shifted its economic forecasts. They no longer expect a recession in the UK and have upgraded their growth projections. This year, the BoE predicts GDP growth of +0.25%, a significant improvement from previous expectations. Next year's forecast is even more optimistic, with a projected growth of 0.75%.
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