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 of technological companies fell, pay attention to earnings
Yesterday, the US Justice Department announced a broad antitrust review into whether the big technological companies, such as Facebook and Google, use their powers to disrupt competition. As a result, the stocks of Alphabet, Amazon, and Facebook fell. 📈 Not all the news were disappointing, though, as the earnings report of Coca-Cola encouraged bulls.
Wait for more earnings reports this week and trade stocks with FBS in Metatrader 5!
July 24, Before market opens
EPS forecast: 0.9
Revenue forecast: 15.69B
EPS forecast: 0.89
Revenue forecast: 44.85B
July 24, After market closes
EPS forecast: 1.88
Revenue forecast: 16.5B
EPS forecast: -0.4
Revenue forecast: 6.41B
EPS forecast: 0.31
Revenue forecast: 35.07B
July 25, Before market opens
EPS forecast: 0.35
Revenue forecast: 690.27M
EPS forecast: 11.33
Revenue forecast: 38.17B
July 26, Before market opens
EPS forecast: 2.05
Revenue forecast: 5.33B
Remember that higher figures will be appreciated by bulls.
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.
As Europe moves into recession, next week may provide us with some amazing trading opportunities. Here they are!
Main news that will drive the market in the upcoming week include CB Consumer Confidence Index, Canadian GDP, and US Core PCE Price Index
The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.