Every year in early autumn Apple holds its event where it presents new iPhones, Apple Watches, and iPads. This year wasn’t an exclusion. But yesterday’s presentation didn’t result in Apple stock growth, and here’s why.
Ford, Qualcomm, Ebay: earnings review
Ford: unexpectedly good
Ford unexpectedly reported good Q4’2020 results. The announced EPS of $0.34 is undoubtedly greater than the expected -0.8% - that pushed the share price to $11.50 per share and set this stock on an upward course.
Qualcomm: not amusing
In the meantime, Qualcomm fell short on its performance expectations. With the revenue of $8.23bln against the forecast of $8.27 and the EPS of $2.17 just slightly higher than the estimation of $2.10? it disappointed the market. Consequently, the stock dropped from $165 to below $150.
Ebay: breaking upwards
Ebay’s revenue jumped 28% against the previous year to $2.9bln, and the EPS of $0.83 was better-than-expected. As a result, the stock surged from $58.25 to $64.75 pushing the stock price to beat the all-time highs.
Richard Branson offloaded nearly 10 million shares, which equals about 4% of the Virgin Galactic stock, leaving him with an 18% stake.
Today at 00:00 GMT+3 SPCE will present the second quarter 2021 financial results. We will get to know everything about the company's financial condition and plans.
Good Friday, traders! The markets are frozen ahead of today's NFP release at 15:30 GMT+2…
The USD weakened after Fed Chair Powell hinted at a slowdown of rate hikes, and stocks strengthened. What else is moving the markets today?
The winter is coming, and risky markets expect a rally to come with it. Will this December be bullish for stocks, crypto, and gold? A pack of news will surely help you out.