ONLINE FOREX BROKER
2021-07-22 • Updated
Twitter, the US IT company, will present its earnings report for the second quarter on July 22 after the stock market closes (23:00 GMT+3). The release will be followed by an investor conference call at 1:00 MT, July 23.
Investors do not expect too much from the company’s report on Thursday. User expansion is slowing after the pandemic-driven bump, while the economic environment is becoming uncertain for growth stocks amid surging Delta variant cases.
In the first-quarter report, Twitter warned investors about a slowdown for the second period. For the rest of the 2021 year, the company predicts “low double digits” user growth, with the lowest numbers in the 2nd quarter.
Unlike main competitors, Twitter does not earn money from direct response advertising. Direct response advertising is the main feature small business uses to attract new customers, which is the reason it bumped after the lockdown was over. In the business model, Twitter relies on big brand advertising, which makes 85% of this total sale.
Daily chart
As the report will be posted during the post-market session, the price movements might be highly volatile. The short float is 2.61%, which means a huge growth should not be expected. It looks like after the weak report the price will drop down to the 50-period moving average at $67. If the price breaks this support, it will go down to $64.
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Oil prices rebounded slightly on Friday but are still expected to show losses for the week due to concerns about slowing growth in the US and China. US crude futures rose 2.7% to $70.41 per barrel, while the Brent contract increased by 2.5% to $74.33 per barrel.
China's economy is rocketing. On the other hand OPEC+ countries take the decision to cut the production. What will be the impact on the oil price?
The EU plans to intervene in markets directly to curb rising energy costs, threatening to push the Euro area's economy into a deep recession.
Let's dive into the latest developments shaping the global economic landscape. Good news first: the threat of an unprecedented US debt crisis has receded, as US lawmakers passed a bill to raise the debt ceiling and avoid a catastrophic default. Phew! But don't pop the champagne just yet, because storm clouds are still looming. High inflation, rising interest rates, and sluggish growth are challenges that have yet to disappear.
Thanks to the incredible advancements in horizontal drilling and fracking technology, the United States has experienced a mind-blowing shale revolution. They've become the heavyweight champion of crude oil production, leaving Saudi Arabia and Russia in the dust. They even turned the tables and became net exporters of refined petroleum products in 2011.
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.
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