People all over the world love kind and colorful Disney cartoons. What if we say that you can both adore the pictures and trade stocks of the company that creates them?
JPMorgan: trade the earnings report!
2021-01-11 • Updated
This Friday, at 15:30 MT time, JPMorgan Chase will release its Q4’2020 earnings report. As for most stocks, this report is expected to be quite impactful for the stock price. Here is what we have on the technical side.
February saw this stock price fall from $140 to $80. After that, it started recovering. The process was quite far from V o U-shape at the time as the price spent most of 2020 below $100. However, in November 2020, it leaped above $110 and kept going upwards. Thanks to its most recent achievement, we are now seeing it approach $140.
In the meantime, this recent uptrend has been considerably aggressive so we have to factor in a significant downward correction in the mid-term. Therefore, the question for this stock now is whether the quarterly report coming this week will push it above $140 or not. If not – that is, if the market is disappointed with the performance of JPMorgan in Q4’2020 – the expected area of the price-performance will likely be $125-135 in the nearest future. Otherwise, $140 will convert into the new support while the stock celebrates full recovery.
Don't know how to trade stocks? Here are some simple steps.
- First of all, be sure you’ve downloaded Metatrader 5.FBS allows you to trade stocks only through this software.
- Open the MT5 account in your personal area.
- Reveal all trading instruments by clicking “show all” at the “Market Watch” window.
- Start trading!
The e-commerce giant has recently faced a lot of pressure, starting from global uncertainty in China amid lockdowns and geopolitics. The company has been added to the US SEC (Securities and Exchange Commission) delisting queue. Finally, there’s an earnings report coming on August 4. Let’s discuss everything and prepare for the next move.
Citigroup (CITIGROUP) will release its earnings report on July 15, before the market opens. Analysts expect an EPS of $1.67 per share and total revenue of $18.04 billion. Should you buy the stock?
In September 2022, USDSGD almost retested its peak of March 2020. The pair spiked above the 1.4400 level, driven by the strong US Dollar. Despite the obvious dominance of the USD, analysts believe that the Singapore dollar may be the one exotic currency worth our attention. Why do they share this opinion, and should we believe them?
A United Nations agency is warning that the central bank’s actions create a high risk of pushing the global economy into recession.
Inflation in New Zealand is the highest since 1990, edging to 7.3% in Q2 2022. The currency is under heavy pressure as the Reserve Bank of New Zealand is trying to reverse the inflationary spiral. The week ahead will give us a valuable clue about the country’s monetary policy, and we are here to talk about that.