
GameStop is back! It has already surged by 14% in pre-trade hours.
If you watched the “Three best stocks to trade right now” webinar this week, you probably know that we noted the Intel stock as one of the dark horses of this earnings season. The chip producing company had a quite mixed 2019. However, the Q4 earnings report released yesterday shrugged off the previous negativity surrounding the Intel stock.
On Thursday, Intel reported the revenue of $20.21 billion and EPS of $1.52, beating analysts’ expectations of $19.23 billion and $1.25 respectively. In addition, the company set high forecasts for the next quarter with a revenue of $19 billion and an EPS of $1.3. These expectations came out above the consensus estimates of $17.25 billion and $1.04. The largest part of this positive result belongs to Intel’s Data Center Group, which produces server CPUs.
Of course, the news has had a positive impact on the stock of a company, pushing it to the fresh high above the $63 level.
After the Intel stock hit bottom in May 2019, testing the levels below $43 due to engineering and manufacturing mistakes, the new CEO Bob Swan started to find a way to support the company. And it seems like his attempts have been finally rewarded. Some factors worked in his favor, too. As many companies started to switch from Microsoft 7 to new operating systems, the number of PC sales increased significantly. Also, the company has finally proven its status of good cheap for serves producer. The number of sales advanced by 19%.
Next week we expect to see even more volatility, as such big names as Apple, Facebook and Microsoft are going to report their financial data. Below, we listed the dates and the exact* timing of the earnings releases.
*Note that the date of the release may change without a prior announcement. Thus, we recommend checking the investment section in the official site of each company.
If you are a newbie in stock trading, go to the “Tips” section and read the article on trading stocks there.
GameStop is back! It has already surged by 14% in pre-trade hours.
On Wednesday, Russia’s department of communications control Roskomnadzor slowed down Twitter’s speed. What does it mean for the stock?
Why do we like Tesla so much? Here is why - check the article.
Coinbase Global Inc., the leading cryptocurrency exchange in the US, will go public on the Nasdaq index on April 14!
The American inflation rate is announced on Tuesday at 15:30 MT. It’s an important event for traders as it will impact hugely currency pairs with the USD.
In this article, you'll find the latest news and tech analysis of EUR/USD, gold, and GBP/USD!
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