In a call scheduled for January 25, 00:30 am GMT+2, Microsoft will publish the company's earnings for the final quarter of 2022 and comment on the results, projections, and outlook for the nearest future of the company.
Will NETFLIX surprise investors?
Information is not investment advice
What will happen?
Netflix, one of the world's leading entertainment services, will present its earnings report for Q4 2022 on January 19, 2023, after the stock market closes (23:00 GMT+2).
How can it affect the stock price?
The Netflix stock (NFLX), with a market cap of $145.17B and a whooping 10 000+% rise since its inception 16 years ago, experienced some turbulence for a short period last year while trading around the $250 share price. However, the NFLX stock quickly recovered and rose to over $300 towards the end of the previous quarter of 2022.
To top it off, the current media buzz about the company lends crucial pointers to even better growth projections. A vital media report published by Polygon three weeks ago describes Netflix's intent to crackdown on password sharing - a move that could potentially increase sign-up rates, among other things.
The stock is trading within a rising channel in an overall uptrend (based on the Moving Averages), meaning we could see the price rise higher toward the $370 mark.
The trend is also bullish on the lower timeframe (H1), with recent higher highs and lows created structurally. As seen in the chart above, there is also a consolidation forming on the H1 timeframe, hence the knife-edge scenario.
My overall expectation is that if the report overperforms the analysts’ expectations the NFLX stock will continue its bullish trend for at least a few more weeks. However, if the company disappoints investors, the price might break the rising channel and drop to $220.
The trading of CFDs comes at a risk. Thus, to succeed, you have to manage risks properly. To avoid costly mistakes while you look to trade these opportunities, be sure to do your due diligence and manage your risk appropriately.
You can access more trade ideas and prompt market updates on the Telegram channel.
In a call scheduled for January 25, 00:30 am GMT+2, the Tesla Inc. team will publish the company's earnings for the final quarter of 2022 and comment on the results, projections, and outlook for the nearest future of the company.
The last 100 years has seen many significant advancements and changes in the investing world.
On Thursday, the 2nd of February, the Bank of England will publish its report concerning interest rates and inflation data for the Eurozone. Professionals and investors anticipate that Andrew Bailey’s lead team of policy makers will likely raise interest rates to 4%; the highest in over a decade, for the tenth time in a row.
The first FOMC meeting comes after a buildup of anticipation from traders and investors alike, as the markets await what posture the Fed will take regarding the interest rates; would there be a hike or a cut in interest rates? Recall that the Federal Open Market Committee had previously ended the year 2022 with a 50bps hike, and an indication from Powell, the committee chairman, that the Fed could consider raising interest rates by 75bps in the course of the year 2023.
Western countries are trying to find other options for oil and gas supplies after a 10th package of sanctions, which will put more pressure on Russian oil and decrease global oil supply. Italy, for example, is in talks with Libya.