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.
The US dollar is heading to close the seventh day in the red as it remains under selling pressure. The US data at 15:30 GMT+3 (jobless claims and Philly Fed Manufacturing Index) may support the greenback if it's strong.
Canada will publish the Retail Sales and Core Retail Sales on October 22, at 15:30 MT time (GMT+3).
The United States will release the weekly Unemployment Claims on October 21, at 15:30 MT time (GMT+3).