ONLINE FOREX BROKER
2021-04-20 • Updated
Johnson&Johnson and Procter&Gamble report theri earnings today at 15:30 MT. That's right before the US session market open. Hence, there may be big moves on behalf of these stocks - depending on the performance that either company brings. What are the expectations?
Expected EPS $2.44 per share, expected revenue $22bln.
A lot of observers expect Johnson&Johnson to bring performance that will be slighly weaker than the above consensus. Against a wide-spread belief, the single-shot vaccine developed by J&J that was started to roll-out in March is a non-for-profit product that is not expected to drive the stock price much in any direction. In addition to that, its production is facing some challenges, although it's been approvied for use in Europe. Therefore, the forecasts are pretty dim for this stock. 161.50 is a support level which may see the stock drop is the results are weak. 164 is a possible target for bulls if it manages to bringer brighter outlook.
Expected EPS $1.19, expected revenue $17.9bln.
Analysts are generally positive about this stock as the P&G's revenue is expected to grow at least 4% compared to the previous year. The main drivers for that growth are its core products such as Tide, Charmin and Bounty, all of which saw positive dynamics during the previous three months. Technically, if the company meets the market's expectations, the stock price may well surge above the local highs of 137.75. Otherwise, the support of 136.50 will likely see it go down.
Remember you can trade these stocks in FBS Trader!
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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