The S&P 500 had a good week due to the impressive start of Q1 earnings and favorable inflation data. In March, the consumer price index rose 5%, lower than the previous month's 6%, and met economists' expectations.
Tesla Will Show Better Than Expected Result
2022-12-15 • Updated
What will happen?
Tesla, the world's largest EV's manufacturer, will present its earnings report for the second quarter on January 26 after the stock market closes (23:00 GMT+2). In addition, Tesla's management will hold a live question and answer webcast at 00.30 MT, January 27, to discuss its financial and business results and outlook.
Why is it important?
Tesla's estimate-beating production and delivery stats have helped boost its expected revenue growth to 46% in 2022. The problem is, even after the stock slumped 25% from its November record, Tesla's market capitalization of $922 billion is more than ten times the size of Ford and General Motors, 100-plus-year-old Detroit giants. The electric carmaker also produced roughly 930,000 vehicles in 2021.
According to Morgan Stanley, there is no company that can challenge its volume. Tesla is expanding on three continents and is nearing the completion of new factories in Austin, Texas, and Berlin.
According to the production & delivery reports, in Q3, Tesla delivered 241 300 vehicles, and in Q3, the number reached 308 600. The production grew 27,8% quarter to quarter.
In Q3, Tesla reported 13.76B revenue, the expectation for Q4 is $16.88B, which is a 22,6% increase. According to these numbers, Tesla can report better than expected results in Q4.
The stock is trading under the 100-day moving average. It looks like the price will not break it right away. A tiny pull back down to the $880-890 range is expected first. Afterward, the stock will reach $1030 and $1150.
The previous year 2022, was undoubtedly tumultuous for the stock markets, with several stocks plummeting across multiple industries. Analysts have blamed the hard times on inflation, hawkish federal reserve policies, an impending global recession, and the ongoing crisis in Ukraine. This year, however, we're beginning to see some recovery in the stock markets. This article will find a few stocks worth buying this year.
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.
Let's dive into the world of gold. Currently, the price of gold, represented by XAUUSD, is stuck in indecision, hovering around the $1,975 mark. The market is anxiously awaiting two important factors: the release of the Federal Reserve's meeting minutes and the extension of the US debt ceiling.
Hey guys, this is the last full trading week in May, and many forward-looking individuals like myself are already preparing themselves to seize whatever opportunities June may have in store. On this note, I will review a few commodities that have satisfied my quest for swing-trading opportunities in the coming month. Follow me!
The Bank of England (BoE) has dramatically shifted its economic forecasts. They no longer expect a recession in the UK and have upgraded their growth projections. This year, the BoE predicts GDP growth of +0.25%, a significant improvement from previous expectations. Next year's forecast is even more optimistic, with a projected growth of 0.75%.