The US authorities filed a lawsuit against Facebook - what are the implications?
Can you ride the tide with Apple?
Apple earnings report is released at 00:00 MT time on January 29.
Currently, Apple stock is traded at $319 per share. On October 30, the day when the previous report was released, the stock was at $244. Hence, it rose by $75 within three months – a 30% growth! Any investor in a healthy state of mind would call that a booming phase. In fact, the last six months have been showing a non-stop growth for this stock. It has to be noted that the price did not react much to the better-than-expected figures of the report – both revenue and EPS. Probably, the market is already used to better-than-thought results and needs something much more impressive than slightly outperforming EPS. January 28 will show if the results are impressive enough to move the price. Meaning, to push the price even higher than it is “naturally” rising already. Be ready: as the report is released at midnight of January 28/00:00 January 29 MT time, you have to prepare your positions during the day on January 28. Be on time and ride the tide!
- If the figures outperform the expectations, the stock price will be boosted;
- If the figures come lower than expected, the stock price will fall.
Russian media companies are complaining that Youtube and Facebook block them. So sad. Now, what about the stock price?
Have you seen the Tesla stock price? But it has already dropped from that high... will it move up again?
The market optimism waned amid stricter restrictions to control rising coronavirus infections. S&P 500 and Nasdaq dropped from the all-time highs, while the USD jumped higher.
S&P 500 skyrocketed to the all-time high on optimism that Biden’s fiscal stimulus will support economic growth and boost corporate earnings.
PMI reports from the EU, the UK, and the USA will be released during the day!