Make money on the reports of the US technology companies!
Dear traders,
This week will be the week of the number of financial statements of the US companies for the first quarter. More than a third of the companies covered by the S & P 500 index will submit their reports.
The main attention will be attracted by reports of leading technology companies.
After the trades end on Monday, the report will be presented by Google-owned company Alphabet (NASDAQ: GOOGL). According to the consensus forecast of analysts, the revenue of Alphabet will grow by 22% to $ 30.3 billion. Thomson Reuters said that its net profit will increase by 21% to $ 9.28 per share, not according to US GAAP.
Analysts predict that Facebook (NASDAQ: FB) will publish a report. The quarterly revenue of the company will increase by 42% to $ 11.4 billion. Facebook report will be released on Wednesday evening. After the scandal with the leakage of user data in favor of Cambridge Analytica, Facebook shares fell 10% due to investors’ fears that regulatory measures could lead to a reduction in the profitability of the leading social network.
On Thursday evening, the Amazon report (NASDAQ: AMZN) will be released. According to forecasts, the company’s revenue will grow by 40% to $ 50 billion on the background of the continuing expansion of this online retailer into the sphere of cloud computing and traditional stores. Analysts may have questions to Amazon CEO Jeff Bezos about how Amazon can respond to US President Donald Trump’s accusations that the company is using unfair commercial advantages, including the use of the US Postal Service.
In addition, next week, Twitter (NYSE: TWTR), Qualcomm (NASDAQ: QCOM), eBay (NASDAQ: EBAY) and PayPal (NASDAQ: PYPL), on Thursday – Intel (NASDAQ: INTC), Microsoft (NASDAQ: MSFT) and Baidu (NASDAQ: BIDU).
Among the reports of companies that do not belong to the technological sector, one can distinguish reports of Boeing (NYSE: BA), Caterpillar (NYSE: CAT), 3M (NYSE: MMM), United Technologies (NYSE: UTX), Verizon (NYSE: VZ), AT & T (NYSE: T), Comcast (NASDAQ: CMCSA), Visa (NYSE: V), Ford (NYSE: F), General Motors (NYSE: GM), UPS (NYSE: UPS), Starbucks (NASDAQ: SBUX) і ExxonMobil (NYSE: XOM).
According to analysts’ forecasts, the profits of American companies covered by the S & P 500 index will be the largest in seven years. According to FactSet, of the 87 S & P 500 indexes that have already published their quarterly reports, approximately 80% exceeded the analysts’ forecasts of profit.
On Friday, US stock markets fell: the decline in the rate of Apple (NASDAQ: AAPL) led to a decline in the share price of technology companies amid fears of investors about the growth of yield of the US government bonds.
The yield of the US ten-year bonds has reached 2.96%, the highest since 2014, and the yield of the US biennial bonds has risen to a maximum in a decade.
The growth of bond yields can bring down the demand for shares, which are considered a more risky asset. This is particularly true when the yield of government bonds is higher than the profitability of shares.
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