
When is Google's stock split? Alphabet, the parent company of Google, will make the 1:20 split on July 15…
On June 28, the capitalization of Facebook reached $1 trillion, making it the fifth-biggest US company together with Apple, Microsoft, Amazon, and Alphabet. The stock of Facebook closed at the new highs of $355.63. Why did this sudden optimism happen around the controversial name of the infamous social media developer? The rally was provoked by the US Federal Court’s decision yesterday that dismissed two antitrust lawsuits against Facebook. In December, the US Federal Trade Commission (FTC) sued social media giant for anticompetitive behavior. Now, 6 months later, U.S. District Judge James E. Boasberg said the FTC failed to provide evidence that FB controlled 60 percent of the social media sector. He gave the agency 30 days to make an amended complaint and provide more details.
Despite lawsuits, the social media owner posted encouraging financial data over the last four quarters. The company’s revenue outperformed Wall Street’s estimates and reached $26,171 billion in the first quarter of 2021 with earnings per share at 3.30. Analysts expect the next earnings to be as good as the previous ones. They anticipate the revenue of $27,802 and EPS at 3.03. This makes Facebook stock an attractive investment these days. The release date of earnings data is set for July 28.
After closing at $355.63, we may expect a short-term correction to the support of $330 when the market opens at 16:30 MT (GMT+3) time. If the $360 level is crossed, the next potential target in focus will be located at $380.
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When is Google's stock split? Alphabet, the parent company of Google, will make the 1:20 split on July 15…
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.
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.
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