Amazon was late to report among other stocks - but it was worth waiting!
PepsiCo, Citi, BAC reporting - results preview
PepsiCo: better than the forecast
The EPS of $1.21 beats the expectation of $1.12; the revenue of $14.82bln beats the expectation of $14.55
The figures brought by PepsiCo are better than observers thought so the move will be likely bullish for this stock. However, the difference between the forecast and the actual data is not that big, that's why bulls won't be likely to push it much - most probably, the stock will rise above the 50-MA into the channel $143-145.
Bank of America: impressively good
The EPS of $0.86 beats the expectation of $0.66; the revenue of $22.9bln beats the expectation of $22.1bln.
The Bank of America's data by far exceeded the expectation, so bulls will likely push the price above the all-time high of $40.30 which is just 1% away from the last price when the market closed yesterday - $41 may be a possible target.
Citigoup: unexpected success
The EPS of $3.62 beats the expectation of $2.24; the revenue of $19.3bln beats the expectation of $18.82bln.
For Citigroup, most observers expected a pretty weak performance. Now, as the bank reports stronger data, its stock may well surge above the local highs of $74.25 and pick up a new uptrend towards $76.00.
Check our story about the stocks that have the potential to go either up or down big time! In this article, we'll tell you about Nvidia, Apple, Philip Morris, and Coinbase.
In this article, you'll find the list of the hottest stocks to trade on April 19-23, which will publish their earnings!
Elon Musk, Tesla’s founder and CEO, said the company wouldn’t accept Bitcoin as payment any longer. As a result, BTC/USD dropped to $45,300, the low unseen since March.
The USA will post Retail Sales and Core Retail Sales on May 14, at 15:30 MT time.
The main focus of traders will be on US inflation at 15:30 GMT+3. Analysts expect the huge spike of the US inflation.