This week Apple, Microsoft, Google, Facebook, Pfizer, and other large US companies will deliver earnings reports…
Stocks that make news this week
Nvidia: a breakdown in plans
The British government is launching a national security investigation of Nvidia’s $40-billion deal to buy British chip design house Arm from SoftBank Group. That’s a big blow to US graphics processor company.
Outlook for the stock: further consolidation and correction are likely; only the return above $640 will allow the previous uptrend to resume.
Apple took a pause
Apple unveiled new products this week. Purple iPhone and AirTags, however, did little to move the stocks. The company’s earnings report on April 28 will be much more interesting for investors.
Outlook for the stock: Apple is still good in the long-term; in the nearer time, there may be volatility, so we need to watch resistance at $138.
Philip Morris: good choice in the sector
The cigarette seller reported first-quarter profit and revenue that beat expectations. One of the reasons for the positive impact was the continued strength of IQOS, the company's smokeless products. However, the greater tobacco sector took a hit on the news that the US government plans to severely limit nicotine levels in cigarettes. This affected the company, although does not sell or market cigarettes in the US.
Outlook for the stock: short-term correction, medium-term bullish.
Coinbase: the star
The stock is available for trading in FBS Trader. By the way, Cathie Wood-led Ark Investment Management bought another 236,348 shares of cryptocurrency exchange. As cryptocurrencies seem to be on the verge of larger recognition by the regulators, the prospects of Coinbase seem very interesting.
Outlook for the stock: the stock declined to the levels around $300 in the months after the IPO, but analysts say it can be worth $400 and more.
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Virgin Galactic’s Branson flew to space, but the stock of Virgin Galactic (SPCE) dropped. Why?
Virgin Galactic (SPCE) will launch Richard Branson to space on July 11, aiming to beat Jeff Bezos.
The Fed held a much-awaited meeting yesterday. The bank hasn’t made any policy changes. As a result, the USD weakened and EUR/USD rocketed. Jump in to know all the latest news!
What will happen? The US Q2 Gross Domestic Product will be announced at 15:30 MT time (GMT+3) on Thursday, July 29…
Today the Fed will make a policy statement at 21:00 GMT+3. This event will affect all the currency pairs with the USD and thus almost the all Forex market!