
Twitter reported encouraging earnings results. Cisco's earnings beat estimates, but revenue declined for the fifth quarter in a row.
Recently, the Russian officials shared collective grief of the Russian state-backed media companies that Twitter, Facebook, and Youtube censor their content.
Geopolitically, it’s funny, of course: those three media services come from the US, and it makes full sense if certain Russia-backed content would be blocked. Russia and the US have rarely been friends, really. On top of that, there would be no financial danger for Twiter, Facebook, and Alphabet to do that as the Russian audience is hardly a major market for their services.
That’s why, while it may be something for the US diplomats and political strategists to take into account, it can hardly have any effect on the stock price of the corresponding companies. Facebook, for example, is in an uptrend: still a bit subdued, but, no doubt, it will eventually beat $290, then $300 and make a new all-time high. The same applies to Google.
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Twitter reported encouraging earnings results. Cisco's earnings beat estimates, but revenue declined for the fifth quarter in a row.
Stocks rise and drop on their earnings reports. Let's review those which reported recently.
If you only you entered position with these stocks a month ago.. See the article and see what you'd have by now.
The giant chip maker exceeded analysts’ expectations. Even with a global GPU shortage!
OPEC will hold a meeting on March 4, where it should announce its decision on further oil output.
The risk-on is back on the market as investors focus on the projections for a stronger-than-expected economic rebound and the Fed’s pledge to prolong support for the rest of the year.
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