When is Google's stock split? Alphabet, the parent company of Google, will make the 1:20 split on July 15…
Amazon's sales surge 44%!
Amazon surprised observers with unexpectedly strong sales performance and resulting profits: the company made 44% more sales in Q1'2021 than in the previous year's same quarter. Earnings were almost 50% greater than expected, with the actual number of $15.79 per share against the forecast of $9.54. The revenue was $108.52 billion vs. $104.47 billion expected. Also, it confirmed that this year's Prime Day will take place in June.
What does it mean
Fundamentally, it means that the company's mid-term and long-term outlook is positive for this year. Everything is going according to the plan so the upside is a likely scenario for the stock price.
Technically, the positive report helped the stock to challenge the previosly set all-time high of $3,500 so as the market opens today, bulls will likely continue the push and lift the stock further upwards.
The bullish movement in the stock market is gaining speed, and Bitcoin ETFs are closer than they might seem. What do we need to know for the next trading week?
On Wednesday, September 22, Microsoft will be holding a product launch. The event starts at 18:00 GTM + 3.
Main news that will drive the market in the upcoming week include CB Consumer Confidence Index, Canadian GDP, and US Core PCE Price Index
The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.
Every week we expect many interesting events that can shake the market.