Growth stocks are back on track! Jump in to get the fresh stock market outlook!
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.
AMC spiked more than 100% on Wednesday, the struggling brick-and-mortar retailer Bed Bath & Beyond jumped by about 51%.
The biggest newsmaker of the stock market in the past few days has been Virgin Galactic. The stock jumped by more than 20% in premarket trading on Monday.
US PCE Price Index will be out on Friday at 15:30 MT.
Microsoft joined Apple in the $2 trillion dollar club! Follow PMI reports from the US, UK, and EU throughout the day!
The Bank of England will release its statement and announce its monetary policy decision on June 24 at 14:00 MT.