
Yes, oil prices are burning right now, and inflation is getting hotter along with it worldwide. However, the oil's bullish momentum is under threat.
2022-01-19 • Updated
Intel, the US IT company, will present its earnings report for the second quarter on July 22 after the stock market closes (23:00 GMT+3). The release will be followed by an investor conference call at 00:00 MT, July 23.
During last year Intel did not bring any profit to the investors, in fact, stocks fell more than 9%. The reasons are manufacturing problems and ongoing restructuring. This negative trend was confirmed during the 1st quarter earnings statement, as the company reported a drop in data center revenue and a steep decline in gross profit margins. Experts predict sales to decline about 10% from the same period one year ago.
After the 1st quarter report was published on April 22 the price rose by 2% on post-market, as the revenue was better than experts predicted. Investors expect Intel to report $17.8 billion revenue to be reported on Thursday. If the result overcomes expectations, the price might gain 2-3% on the post-market trading session.
Technical analyses
Daily chart
Since April 25 the price is squeezed between $53.5 and $58. At the moment the price is trying to break the 50-day moving average. If Intel reports higher revenue than expected, the price will break this resistance and move up to $58. Otherwise, it has the potential to fall and test $53.5 support level.
Don't know how to trade stocks? Here are some simple steps.
Yes, oil prices are burning right now, and inflation is getting hotter along with it worldwide. However, the oil's bullish momentum is under threat.
What is happening? The Russian president's announcement that countries "unfriendly" to Moscow must pay for gas deliveries with rubles shows that he's willing to use energy as a weapon in the Ukraine war…
A month after Russia invaded Ukraine, oil markets are still more volatile than ever, with little clarity on how the sanctions will affect Russian crude production as well as global oil demand.
What will happen? Amazon announced the company is going to make a 1 – 20 stock split on June 3 after the trading session close (23:30 GMT+3)…
How to understand if an economy is accelerating or decelerating? What are the indicators that can guide us in this interpretation? One of the ways in which we can assess this situation is precisely the household consumption, which fundamentally refers to…
Credit cycles (or leverage cycles) represent moments in the economy of a country when families and companies get indebted, in order to invest or to spend in different segments, which ends up positively influencing the level of the general economic…
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.