
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.
The famous pharma giant Pfizer is going to release its earnings report on January 28 at 17:00 MT time. According to analysts, the company will post a revenue of $12.61 billion and EPS of $0.57.
The current release will show whether the merger of Pfizer’s off-patent drug unit Upjohn with drug-producing company Mylan brings any positive results. While some analysts anticipate the deal to be powerful enough for a company to stay strong in the challenging pharmaceutical market, others are being more skeptical. They expect to see any significant effect only in 2023. Of course, the optimistic comments on this topic during the conference call on January 28 will be appreciated by bulls.
During the previous release, the revenue reached $12.68 billion, while EPS came out at $0.75. The figures were greater than analysts’ expectations. Also, the company raised its 2019 forecasts. According to it, the revenue will reach $51.2 to $52.2 billion (vs. $50.5 to $52.5 previously) and EPS $2.94 to $3 (previously $2.76 to $2.86).
As we can see in the picture below, the price of Pfizer stock jumped on the release from $37.27 to $38 and managed to rise as high as $38.75 within a day.
If the actual figures outperform the forecasts this time, we may see a similar scenario.
On the daily chart, the price of Pfizer is trying to stick above the 200-day SMA. The positive earnings report will push the stock above the $40.86 level towards the next resistance at $41.8. The downward momentum will be limited by the $38.67 level.
Get ready for the release at 17:00 MT time and follow these easy steps
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.
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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.
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.
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