About PayPal PayPal is an electronic commerce company that facilitates payments between parties through online transfers…
Stocks: time for trading on earnings reports
2021-10-25 • Updated
Earnings reports will show how companies have performed during the third quarter. Follow the releases and remember: if numbers come out better than the forecasts, stocks will rise. Otherwise, worse-than-expected earnings will push stocks down.
October 19, Monday:
IBM has recently surged after the company announced it would split its business into two separate tech stocks: IBM and NewCo. Stockholders will benefit as the sum of the two stocks tends to worth more than a single, undivided stock. Elsewhere, IBM has got the prestigious title of Dividend Aristocrat this year for increasing payouts for 25 years in a row. Follow its Q3 earnings report at the midnight from Monday to Tuesday (MT time)!
October 21, Wednesday:
Netflix will publish its report at 1:00 MT time. The streaming giant is trading sideways around its all-time highs. It has recently skyrocketed as Goldman Sachs raised its price target to $670. The bank is confident that Netflix will release better-than-expected Q3 earnings. Indeed, people have started spending considerably more time watching TV shows amid the stay-at-home regime.
October 22, Thursday:
Intel currently has a ‘hold’ rank, according to Zacks. Now the company is the world’s largest chipmaker, but AMD, its main rival, steps on Intel’s toes. The tech giant has been beating estimates for 5 quarters in a row. According to Wall Street, we may see Intel beating the forecasts again. Follow the report at the midnight from Thursday to Friday (MT time)!
Amazon has recently held its Prime Day with sales 40% higher than from last year’s event. Due to its “platform effect”, customers that once used it would stay with it forever. Most analysts have bullish forecasts for this stock as it continues surprising investors with its steady growth.
Coca-Cola will unveil its earnings at 15:30 MT time. In fact, it’s one of the most familiar stocks with a market presence in over 200 countries. The beverage mammoth has proven its credibility with a steady increase of dividends throughout its long history.
AT&T will publish its Q3 earnings at the same time as Coca-Cola. The company is trading at considerably low levels, but some analysts believe that all is not lost for AT&T. Perhaps, the cutting-edge 5G technology will help the stock to rebound.
What should you do for trading stocks?
Trading stocks with FBS is easy. Follow the simple steps described below.
Institutional investors speak about further growth in the stock market. In the exact market that has doubled since COVID-19 and doesn’t plan to stop. Is it possible?
After an extremely volatile week in the markets, traders await the next steps of the USD and stocks. What drivers will move the assets next week? Lets’ find out!
How will the new variant affect the markets and the economy? What is its relationship to inflation and interest rate hikes, and how will it affect those things?
Are you searching for trade opportunities for December 6-10? Here you go!
Both omicron and Powell’s comments increased volatility in EUR/USD. What to expect further?