ONLINE FOREX BROKER
2023-03-09 • Updated
This Thursday, at 22:00 MT time, IBM reports Q4’2020 performance. What is there to expect?
The average consensus for the expected Q4 earnings is $1.77 per share (62.4% less than a year ago) while the sales prognosis stands at $20.51 bln (5.8% less than in 2020).
The last quarter of a year is traditionally a strong season for IBM. Therefore, it’s supposed to have made pretty good sales, marked down on the virus hit, of course. On top of that, the company made certain acquisitions and announced promising spin-offs (NewCo) that are seen as solid steps to strengthen its strategic position.
While IBM is definitely a titan of the US stock market that spearheads the IT industry, it’s been constantly struggling to bring consistent revenue growth during the last years. The latter is one of the primary concerns for investors – hence, the large downtrend. The current level is right at the upper side of the trend. Therefore, it is but logical to expect a high probability of a bounce off and a downward reversal.
$134 is expected to be the target for bulls if the report on January 21 beats market expectations. While the stock price may go even further above in this scenario, it is still believed to be likely to go downwards in the long-term. That is, unless IBM changes its financial performance, revenue generation dynamics, and, thus, investor impression about it.
$121 may be a likely bearish target is IBM underperforms. In the context of the large downtrend it’s been in, dropping to this support level may be more a question of time rather than a possibility.
Therefore, it is more advisable to take a bearish position in the mid-term and long-term with the IBM stock. Otherwise, in the short-term, bulls may deliver a surprise blow to the market and take the stock price to the upside only in case the figures on Thursday are better than though.
The week January 25-29 will bring many more earnings reports from other copmanies. We will keep you updated!
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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!
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Here's the scoop: The Bank of England (BOE) is set to accelerate the pace at which it shrinks its balance sheet, according to one of its deputy governors. Currently, the BOE is unwinding about £20 billion of quantitative easing every three months. The goal is to reduce the stock by around £80 billion per year through active sales and maturing assets.
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.
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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.
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