Microsoft, a key player in the market rally and AI race, is set to release its latest quarterly report. Despite a nearly 5% gain year-to-date, the tech giant has faced a more than 7% slump in April. Investors are eager to see if Microsoft’s upcoming report can revive the rally, but the expectations are high.
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Alphabet, the parent company of Google, is gearing up to release its earnings report after the closing bell on Thursday, making it one of many Big Tech companies reporting this week. Analysts are predicting that the company will post earnings of $1.51 per share on revenue of $78.59 billion for the first quarter. This would
Meta Platforms, the parent company of Facebook, faced a significant drop of more than 14% following the release of lighter-than-expected second-quarter revenue guidance. Despite this setback, the company managed to exceed analysts’ estimates for both earnings and revenue in the first quarter. On the other hand, Honeywell, an industrial stock, saw a 2.2% rise in
The financial sector often takes a backseat to the titans of Wall Street, but according to Wolfe Research, this earnings season could be a turning point for Fintech companies. Technical analyst Rob Ginsberg believes that the Global X FinTech ETF (FINX) is showing signs of attractiveness after a period of underperformance in the broader market.
Meta Platforms, previously known as Facebook, is gearing up to report its first-quarter earnings following a string of successful releases from tech companies. The stock has seen significant growth, climbing approximately 40% in 2024 and avoiding the recent market downturn. With a focus on efficiency and expansion into virtual reality and artificial intelligence, Meta has
UBS, a global financial services company, has stated that they do not expect the Federal Reserve to cut rates until September. They anticipate only two rate cuts this year, with the first one occurring in the fall. According to UBS, the yield on the 10-year Treasury note is projected to slide to around 3.85% by
The municipal bond market was primarily focused on the primary market as investors assessed several large deals, while the secondary market took a backseat. U.S. Treasuries showed improvement and equities rallied based on earnings reports. This dynamic created a scenario where new issuances were on the rise, leading to elevated muni yields, as noted by
PepsiCo faced challenges in the first quarter of 2023, with weaker U.S. demand impacting its earnings. The company reported quarterly earnings and revenue that exceeded analysts’ expectations, despite the setbacks caused by Quaker Oats recalls and consumer backlash due to higher prices for its beverages and snacks. While PepsiCo’s earnings per share of $1.61 adjusted
UnitedHealth Group (UNH) saw a significant 16% increase in its stock following a strong earnings report, despite facing challenges such as the recent cyberattack on its subsidiary, Change Healthcare. However, recent market trends have begun to reveal cracks in UNH’s once robust rally. Two key technical indicators suggest a bearish bias on UNH: the Relative
UBS recently adjusted its forecast for the USD/PLN currency pair, taking into account significant factors such as changes in the Federal Reserve’s interest rate outlook and escalating tensions in the Middle East. The firm now predicts that the exchange rate will reach 4.10 in the second quarter of 2024, gradually decreasing to 3.92 by the