ONLINE FOREX BROKER
2021-10-27 • Updated
Google and Microsoft – the US largest tech companies have published strong financial results for the third quarter.
- EPS: $27.99 (forecast: $23.75)
- Revenue: $65.12B (forecast: $63.47B)
- YouTube advertising revenue: $7.20B (forecast: $7.4B)
- Google Cloud revenue: $4.99B (forecast: $5.07B)
Google has shown great earnings and revenue results this quarter that topped analysts' estimates. Advertising and Cloud revenues grew significantly since the same quarter last year but still came out slightly worse than expected. Indeed, the company is facing major antitrust lawsuits now. What are they about?
First, Google has taken 42% of all the money spent on online ads, according to the US court. This signals that Google is a monopolist in online advertising and it can use its power to reduce the competition.
Second, Google has colluded with Facebook to work around Apple's privacy settings to keep tracking their users. Apple has offered its users a choice: to allow or to not allow apps to track them. This initiative has affected negatively ads-oriented companies such as Facebook and Google. However, Google has its Android operating system, that’s why it’s better protected than Facebook.
Google has broken above the 50-day moving average and confirmed the bullish strength. Now, it can rally freely to the resistance level of $2900. Support levels are the recent low of $2745 just above the 100-day MA and the September trough at $2660.
- EPS: $2.27 (forecast: $2.07)
- Revenue: $45.32B (forecast: $43.93B)
Microsoft has revealed a stronger-than-expected set of results for the third quarter. The total revenue rose almost 22% on annual basis. That marked the fastest growth since 2018. Microsoft claimed Azure and other cloud services surged 50% year over year in the 3rd quarter. It’s a great result which has beat even Microsoft’s forecast made 3 months ago.
The stock of Microsoft has hit a record high! It has opened with a gap up near $320.00. If it manages to jump above it, the way up to the next round number of $325.00 will be open. Support levels are the low of October 25 and the 50-day moving average of $300.
Don't know how to trade stocks? Here are some simple steps.
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 latest developments shaping the global economic landscape. Good news first: the threat of an unprecedented US debt crisis has receded, as US lawmakers passed a bill to raise the debt ceiling and avoid a catastrophic default. Phew! But don't pop the champagne just yet, because storm clouds are still looming. High inflation, rising interest rates, and sluggish growth are challenges that have yet to disappear.
Thanks to the incredible advancements in horizontal drilling and fracking technology, the United States has experienced a mind-blowing shale revolution. They've become the heavyweight champion of crude oil production, leaving Saudi Arabia and Russia in the dust. They even turned the tables and became net exporters of refined petroleum products in 2011.
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.
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!
Beginner Forex book will guide you through the world of trading.
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.
|
