Microsoft: earnings report on July 27

Microsoft: earnings report on July 27

2021-07-26 • Updated

What will happen? 

Microsoft, the US IT company, will present its earnings report for the second quarter on July 27 after the stock market closes (23:00 GMT+3). The release will be followed by an investor conference call at 00:30 MT, July 28. 

 

What to expect?

Microsoft splits its business into three similarly sized segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. Analysts are calling for strong growth across all three segments, as:

  • Personal computer sales can keep growing monthly;
  • Cloud computing platform Azure gets quickly adopted as the pandemic-led digital transformation spreads across the globe;
  • Communication service Teams continue to gain momentum due to the continuation of work from home and online learning.

Analysts and experts forecast: Earnings per share = 1.91; Revenue = 44.06B

Technical analyses

4H chart

MICROSOFTH4.png

Investors are awaiting a strong earnings report. They have been buying back the stock on every drawdown for a while. It might play a terrible trick since one of the most popular trading strategies says: “buy the rumor, sell the news”.

Microsoft stock looks overbought according to RSI and MACD indicators. Institutionals might fix profits and drop the price after the report as it happened after the last report was published. It is important to wait for the right time to open the position. The best time for it will be right after the report presentation, where it will be more clear which side “whales” pick to push the price at.  

If the price drops it will meet the closest support levels at $282, $275. On the flip side, the target is $300.  

Don't know how to trade stocks? Here are some simple steps.

  1. First of all, be sure you’ve downloaded FBS Trader app or Metatrader 5. FBS allows you to trade stocks only through this software.
  2. Open an account in FBS Trader or the MT5 account in your personal area.
  3. Start trading!

TRADE NOW

Similar

Time to Short US Economy
Time to Short US Economy

Why? Despite the fact that analysts and experts have been predicting the US stock market crash during pash year S&P500 doubled since March 2020 crush and NASDAQ is also gaining permanently…

Latest news

September 20-25 Trade Ideas
September 20-25 Trade Ideas

US stock market corrects, gold recovers and the crypto market drops hard! Best trade opportunities during this week in the article! Let’s check the charts and set some goals! NASDAQ (US100) US100 index plunges as the US dollar strengthens…

GBP/USD Is Ready for Reverse Up
GBP/USD Is Ready for Reverse Up

GBP/USD is moving inside the ascending channel. Since it’s in the lower part of this channel, the pair should reverse up and continue moving in zig-zag.

Deposit with your local payment systems

Be on top of your game

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

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

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera