Amazon earnings: Prime Day isn’t the only thing giving business a boost
By Tonya Garcia
Amazon.com Inc. is scheduled to report second-quarter earnings on Thursday after the closing bell, and analysts expect the company to get a boost across its businesses, from retail to advertising and cloud services.
Amazon AMZN, +1.51% is on the road to $1 trillion in market capitalization, with popular opinion convinced that it will beat Apple Inc. AAPL, +0.73% to the mark.
Amazon has beat earnings expectations the last three quarters.
FactSet expects revenue of $53.37 billion, up from $37.96 billion last year. Amazon has beaten revenue expectations the last five quarters.
Forty-eight analysts polled by FactSet have an average buy stock rating for Amazon with an average price target of $1,930.
Intel earnings: After CEO departure, chip maker needs a win
By Wallace Witkowski
Intel INTC, -0.25% is scheduled to report second-quarter earnings after the bell Thursday, a day after investors get a clearer view of results from Advanced Micro Devices Inc.
The end of the quarter was marred by the sudden departure of Chief Executive Brian Krzanich over violations of the company’s non-fraternization policy, throwing into question who will helm the chip giant going forward on a more permanent basis, and eroding the confidence of some analysts.
Of the 34 analysts surveyed by FactSet, Intel on average is expected to post adjusted earnings of 97 cents a share, up from the 81 cents a share expected at the beginning of the quarter thanks to an updated forecast Intel provided with the news of Krzanich’s exit.
Wall Street expects revenue of $16.78 billion from Intel, according to 34 analysts polled by FactSet. That’s up from the $15.55 billion forecast at the beginning of the quarter, after the updated guidance; Intel had predicted revenue of $15.8 billion to $16.8 billion.
Intel shares initially rallied following the company’s last earnings report but cooled as some analysts questioned if Intel could follow through on the momentum.
Of the 42 analysts who cover Intel, 25 have buy or overweight ratings, 13 have hold ratings and four have sell or underweight ratings, with an average price target of $59.17.
Twitter Earnings On Tap Amid Turnaround
By Brian Deagon
Twitter stock is one to watch as the social media giant gets set to report second-quarter earnings on July 27, before market open, while working through a business recovery that started in the third quarter of 2017.
Analysts expect Twitter to report revenue of $698 million. That’s a 22% increase from the year-ago period and would be its best growth in nine quarters. Analysts say adjusted earnings should reach 17 cents per share. That’s more than double what it reported in the same quarter a year ago.
Twitter stock has turned into a compelling turnaround story after reporting a 21% increase in first-quarter revenue in late April.
EURUSD: Trade Wars and Tariffs, ECB Outlook and Technical Analysis
By Nick Cawley
EURUSD A VICTIM OF WIDENING INTEREST RATE DIFFERENTIALS
The latest ECB monetary policy meeting on Thursday will see all rates left unchanged while the next Fed meeting is expected to see interest rates raised by another 0.25%, the third hike this year. ECB President Mario Draghi will be questioned about the current EURUSD exchange rate at tomorrow’s post-announcement press conference and he will need to tread a careful path to avoid annoying the US further.
Bitcoin breaks above key $8,000 level but it’s not out of the woods yet, technical analysts say
By Kate Rooney
- Based on past behavior another pullback could be coming for bitcoin, according to some technical analysts.
- Bitcoin jumped above $8,000 to a two-month high Tuesday, shaking off bearish sentiment that has persisted since the start of summer.
- “Given that it has trended down so sharply since May, I wouldn’t want to get too greedy,” says Newton Advisor founder and analyst Mark Newton.
Risk Disclaimer: The information contained in this market review should not be construed in any way, as containing investment advice and/or a suggestion and/or solicitation for any trading activity and financial transaction. There is no guarantee and/or prediction of future performance. EuropeFX, its affiliates, agents, directors or employees do not guarantee the accuracy and validity of any information or data made available and assume no liability as to any loss arising from any investment based on the same. Trading Forex/CFD’s carries a high level of risk and can result in the loss of your whole investment. Forex/CFD’s are leveraged products and therefore Forex/CFD’s trading may not be appropriate for all investors. It is recommended that you do not invest more money than you can afford to lose to avoid significant financial problems in the case of losses. Please make sure you define the maximum risk acceptable for yourself.