
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.
With an EPS of $0.42, the pharma giant missed the mark of $0.50 expected by Wall Street. The revenue of the Q4’2020 was just slightly above the projected $11.5bln. Together, these figures produced a weak impression and made the stock price drop. At the same time, the company announced strong sales of the Covid-19 vaccine that are supposed to contribute to a very strong performance in Q1’2020 – that’s for the long-term targeting, though. So far, the stock is down.
23% is how much better Alphabet’s Q4’2020 earnings were compared to those a year ago. The company showed a $46.43bln figure as the quarter revenue. The core of the success was the company’s advertising business: YouTube did 46% better than a year ago. Quite logically, the market observers were very much amused by these achievements that pushed the stock price by 7%.
An EPS of $14.09 was brought against the expected $7.23 while the revenue of $125.56bln beat the forecast of $119.7. It hardly could’ve been better, could it? Well, not only Amazon the largest quarterly revenue ever, but its famous CEO Jeff Bezos is now an ex-CEO: he hands over the post to Andy Jassy, the head of Amazon Web Services. The latter is the core of the financial success of Amazon now. The stock moved to a higher movement channel with the resistance level of 3 420.
Quite expectedly, Electronic Arts made good sales in the previous quarter as more people stayed at home preferring to spend some time gaming. The prospects are also positive for EA as the video-gaming industry is enjoying high demand projections. From $146 to $150 – that was the price performance of this stock yesterday which nevertheless ceded some of the gains at the end.
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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.
The situation on the labor market still looks optimistic. Today we expect the Unemployment rate data. 3.5% is expected.
The first day of June should’ve brought us the US default. Unsurprisingly, the US House passes the debt ceiling bill at the latest possible moment.
About 24% of global central banks intend to increase gold reserves in 2023. Rising inflation, geopolitical turmoil, and worries about interest rates are reasons to increase gold reserves.
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