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.
Stocks: earnings reports calendar
Below is the calendar for the coming earnings reports this month. As you can see, the second part of April is quite densely filled with reports from the S&P major players. The general picture is already known - there will be damage. Therefore, be prepared for some turbulent reactions in the stock market and use that to open trades in the right moment for each stock.
Just to make sure you are positively prepared for what is coming: no need to look at this schedule as if it was an artillery assault timetable. JPMorgan has already reported its earnings on Tuesday, so we can look at it as a probable example that will be likely repeated in variations across other companies. On the chart below, we see that the market dropped on the weak performance announced for the Q1 of 2020, but nothing really scary took place. The strategic recovery trend did not get distorted, the support of 50-MA was not broked at 94.00, and the trade of last hours of the session was moderately pointing to the positive development scenario.
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.
Inflation in Europe was released better than the forecast. The preliminary fact was published at 4.3%. What's happening in the markets?
XAUUSD fell below 1900 for the first time since March 2023. Meanwhile, the US dollar index gives a bearish signal. Read the full report to learn more!
Oil prices are rising while the US government is on the verge of shutting down. How will it affect the market?