
The US authorities filed a lawsuit against Facebook - what are the implications?
You’ve probably heard that the Netflix stock soared as people are locked up at home amid the coronavirus pandemic and they have nothing to do but watch TV series. On April 21 the company will report its earnings after the market will close at 23:00 MT time.
After the release it could be a huge movement up or down. It depends on whether the Netflix’s performance meets high expectations of investors or not.
You should look precisely at two metrics. The first one is the revenue growth. Analysts anticipate an increase by 26.8% year over year to $5.73 billion. Millions of people binge-watching Netflix series should help to exceed these expectations.
The second one is managements’ forecast for subscriber growth in the second quarter of 2020. It should at least be 7 or 8 million paid subscribers addition.
The Netflix price has started to increase since March 17. It reached its peak at the 449.5 point and then slightly went down.
According to Bloomberg, 7 analysts advise to sell the Netflix stock, 6 – hold and 30 – buy.
Check the economic calendar and don’t miss this chance to gain!
The US authorities filed a lawsuit against Facebook - what are the implications?
Russian media companies are complaining that Youtube and Facebook block them. So sad. Now, what about the stock price?
Have you seen the Tesla stock price? But it has already dropped from that high... will it move up again?
Poor US data, slow vaccine distribution, rising virus cases worsened the market sentiment and underpinned safe-haven currencies like the USD, and JPY.
The European Central Bank will publish the monetary policy statement with the interest rate decision on January 21, at 14:45 MT time.
Joe Biden is going to unveil a Covid-19 relief package of about $2 trillion. After this announcement, the 10-year Treasury yield rose, adding support for the USD.
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