
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.
Despite analysts’ optimistic anticipation of positive Nike’s earnings, the sneaker maker did not excite the market with its fourth-quarter results. Even the rise in online sales could not save the company amid the coronavirus pandemic. As a result, after the market close on Thursday we saw the following figures:
EPS= -0.51 (vs. 0.09 expected). Compared to the Q4 of the previous year, the indicator fell by 182%.
Revenue= $6.31 billion (vs. the forecast of 7.29). This data shows a fall of 38% compared to the fourth quarter of 2019.
In our analysis earlier this week, we highlighted bullish forecasts by several famous analytical companies. The most bearish projections were made by JPMorgan, which set the stock at $104 and Wells Fargo with a price target of $99. Now it seems like the second one demonstrated the most accurate information.
On Thursday, the stock strengthened to $101.44 as buyers were excited ahead of the report. Most likely, the stock will gap down after the opening of the New York trading session at 16:30 MT time. Pay attention to the $96 and $93 levels closely.
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.
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.
Don't miss our new digest with the most important events for the next week.
China's activity is recovering, US stocks and other news!
News is always essential. Especially when we speak about the FOREX market. What is the most important information for today? Let's see together.
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!
Beginner Forex book will guide you through the world of trading.
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.