Google Makes a Discount for Traders
When is Google's stock split? Alphabet, the parent company of Google, will make the 1:20 split on July 15…
Earnings reports: finance sector
Information is not investment advice
Earnings reports season: finance sector
This season of reports is supposed to be quite dramatic for the American stock market. While the jobs data is there, the macroeconomic indicators were announced, now it’s time for some raw data from the corporate world to reflect the virus fallout. There will be damage, the question is – how much? We are all longing to see it out. So let’s check our positions first.
Reporting dates:
April 14: JPMorgan (15:30 MT time).
April 15: Bank of America (15:30 MT time), Citigroup (17:00 MT time).
Devil in details
The giants of Wall Street will be the first this month to report their performance. Quite expectedly, they all experienced a similar drop from their all-time highs reached in December-January. JPMorgan reached $140, erased the gains at $80 (-42%), currently trades at $102 (+28%); Bank of America fell from roughly $35 per share to $18 (-48%), now it is at $25 (+38%); and Citigroup was at $82, dropped to $35 (-81%) and recovered to $47 (+34%). Technically speaking, Citigroup proved most vulnerable losing the greatest portion of its value, but it was quick to recover. The fastest to reconquer its gains was BAC, though, which didn’t take much damage either. That’s why Bank of America is suggested as the most well-weighed option among the three. JPMorgan would be the safest #2, followed by Citigroup as the third option to go for.
Similar
What will move the market on October 18-22?
The bullish movement in the stock market is gaining speed, and Bitcoin ETFs are closer than they might seem. What do we need to know for the next trading week?
What to expect from Microsoft event?
On Wednesday, September 22, Microsoft will be holding a product launch. The event starts at 18:00 GTM + 3.
Popular
Will the CPI Crash the USD?
The most impactful releases of this week will fill the market with volatility and sharp movements.
Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
The US Labor Market And Real Estate Market Are In Focus This Week
Labor Market and Real Estate Market data was published yesterday. Markets are slowing down, so the economy is in recession. Today the traders should pay attention to the Retail sales in Canada.
Choose your payment system
