Quadruple witching is gone and now there are no reasons for the market to hinder. From banks statements and economic data to gas storage reading and Fed’s Powell speech – get ready for active trading.
US earnings in January 2021: what you need to know
What will happen?
Facebook, Google, Amazon, and other America giants will publish their earnings per share (EPS) and revenue. You can trade these events just like you trade news from the Forex economic calendar: all things equal, if the readings are better than expected, everyone will buy the stock of the reporting company and the price of this stock will go up. On the contrary, if the figures disappoint, the price will go down. Good news for FBS traders is that they trade stock CFDs and can make both buy and sell trades. Thus, traders have a chance to profit in case of either outcome.
Here’s the schedule of the upcoming releases:
The closest big event is the publication of Netflix’s earnings.
Why is it important?
Earnings releases represent the perfect opportunity to diversify from currencies into stocks and benefit from the big price moves that will occur ahead, during the day and after earnings release.
This time the situation is quite special. For some companies, 2020 was a year of devastation: clients lost, products unsold, profits unmade (Starbucks, Nike, etc.). Others, on the contrary, have managed to use the coronavirus pandemic to their advantage (Netflix, Moderna, etc.). One is certain: no firm will be unaffected. As a result, traders are awaiting earnings reports with great attention and this attention, in turn, will lead to spectacular price moves. Are you ready to capitalize on those moves?
What should traders do?
Make sure you have an MT5 account or an account with FBS Trader - this is where you will be able to see the live stock quotes and place your orders. After you download the platform and open an account, put the stocks listed in the schedule above to a watchlist: monitor their charts for a good technical level to enter a trade. If you have doubts or want insights, check the heads-ups prepared by FBS analysts. For example, this week it’s time to trade Netflix!
Remember that the stock exchange has a schedule. Trading starts at 16:30 MT time.
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