ONLINE FOREX BROKER
2021-10-19 • Updated
Intel is going to unveil Q3 earnings results at the midnight from October 21 to 22 after the stock market closes. The market expects Intel to deliver earnings per share of $1.11 and revenue of $18.24B.
Last time, it was expected that Intel would post earnings of $1.06 per share when it produced earnings of $1.28. In general, the stock price should rise after upbeat results, but that situation was different. The report was better than expected but traders priced in the good outcome before (look at the series of green candles before the vertical line). Thus, when the actual numbers were out, the sell-off occurred. This time may happen the same. It’s so good that FBS traders can open both buy and sell trades while trading stocks.
Intel faces strong competition from AMD. Thus, Intel has to show really strong earnings results to signal investors that it can reduce the technology gap with AMD. For now, most forecasts are bearish for Intel. However, Intel’s processor chips are components in the vast majority of laptops and desktops. Intel’s chips are in high demand especially now amid the global semiconductor shortage. Thus, we can see a reverse up in the long term.
The stock price moves sideways between $52.00 and $55.00 inside the horizontal channel. If it manages to break above the 100-day moving average of $55.00, the doors will be open to the 200-day moving average of $57.25. On the other hand, if Intel breaks below $53.00 – the lows of late September/early October, the way to the bottom of the channel at $52.00 will be open.
IBM will report its Q3 financial results at the midnight from October 20 to October 21 (GMT+3). Earnings per share are expected to be $2.53 and revenue: $17.78B.
IBM’s third-quarter earnings results are likely to be strong as the company adopted its hybrid cloud computing capabilities and AI-related solutions. Besides, IBM has acquired Red Hat (software company), which should help IBM to increase its cloud segment’s revenue. Now, IBM has more than 3,200 clients. Among them are such giants as Barclays and Walmart!
The previous report comes out on July 19 after the market closed. The report showed better-than-expected earnings but the stock dropped on July 20 (the day after the vertical green line) as the ‘buy the rumor – sell the fact’ scenario occurred. Nevertheless, the stock was rising for the next two weeks.
Now, the stock of IBM is moving inside the descending channel. If it falls below the 100-day moving average of $142.00, the way down to the 50-day moving average of $140.00 will be open. On the flip side, if IBM escapes the channel and breaks the upper line, it may rocket to $148.00 and then to $151.00.
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In a call scheduled for January 25, 00:30 am GMT+2, the Tesla Inc. team 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.
The Netflix stock (NFLX), with a market cap of $145.17B and a whooping 10 000+% rise since its inception 16 years ago, experienced some turbulence for a short period last year while trading around the $250 share price. However, the NFLX stock quickly recovered and rose to over $300 towards the end of the previous quarter of 2022.
The Q4 earnings season has been interesting, mainly because of the turbulent global economic outlook. On this premise, analysts forecast a disappointing performance for several stocks ahead of the Q4 earnings report publishing.
Last year was tough for the Japanese yen. USDJPY gained more than 30% over 2022, striking above 150 in October. While anticipation of slower Fed rate hikes pulled the pair below the 130 level at the start of 2023, the speculations over the destiny of BOJ’s yield control policy grabbed the attention of the Japanese assets in the middle of January. What lies ahead for traders of the Japanese yen?
Today, at 5:00 pm (GMT +2), the Bank of Canada will publish the Overnight Rate, which represents short-term interest rates, and is pivotal to the overall pricing of the Canadian Dollar in the global markets. Let's look at how the markets are faring ahead of the BoC rates release.
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.
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