In this article, you'll find the list of the hottest stocks to trade on April 19-23, which will publish their earnings!
S&P concludes down, tech equities dive
On Monday, the S&P 500 seesawed to a negative settlement due to the fact that a dive in technology equities led by Apple put pressure on market sentiment.
As a matter of fact, the Dow Jones Industrial Average headed south by nearly 0.35%. Besides this, the S&P 500 went down by nearly 0.61%. In addition to this, the Nasdaq Composite inched down by approximately 0.52%.
Besides this, the broader averages struggled for direction because Apple demonstrated a 1% dive. Goldman Sachs told that decelerating consumer demand in China could suppress Apple's revenue. However, the financial institution stopped short of lowering its prediction on iPhone shipments, repeating its December-quarter prediction for shipments to hit up to 80 million.
Although the vast majority of the smartphone weakness stayed in the mid and also lower range, it’s hard to believe that the given environment will help Apple unless things get better late in 2018, as financial analysts pointed out.
The equities of Alphabet, Microsoft, and Netflix concluded down.
Diving energy equities also restricted upside momentum notwithstanding a soar in crude prices in the wake of strengthening tensions between Saudi Arabia and the Western world over the disappearance of a prominent Saudi reporter.
Demonstrating indications of risk-aversion, the market’s defensive corners were generally in favor due to the fact that consumer staples managed to ascend by 1%. As a matter of fact, Walgreen's Boots Alliance as well as Campbell Soup concluded 2% up.
As for financials, they concluded down because Bank of America was pressured notwithstanding its revenue, which exceeded Wall Street forecasts.
Besides this, Bank of America posted profits of about of $22.78 billion. The given outcome managed to outperform Wall Street forecasts for profits of about $0.62 a stock on revenue of up to $22.63 billion.
While Citigroup reports better-than-expected quarterly data, it is also aims at restructuring its global presence. What will be the impact?
Three more corporations reported their earnings today. While the US session is still closed, let's see the data - it's pretty strong!
The greatest sale of Bitcoin keeps going.
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.
Once in a month, the euro has a very special day of increased volatility at the start of the European trading session.