Beat the Street: US earnings dominate
It's a busy time for corporate results. Boeing, Microsoft and Snap look set to contribute to the upside to trade. IGTV’s Jeremy Naylor caught up with tastylive’s Christopher Vecchio CFA to discuss the impact on Wall Street.
(Video Transcript Summary)
Boeing, Microsoft and Alphabet earnings due
In this video, host Jeremy Naylor talks about what's happening in the stock market and how recent earnings reports are expected to affect certain companies, including Boeing, Microsoft and Alphabet. He provides an idea of what we can expect from these stocks.
Boeing is likely to see a decrease in its stock price because they had a bigger loss than expected in the third quarter. On the other hand, Microsoft is expected to see their stock rise because their earnings were better than expected.
S&P 500 looks set for stability
There's also some information about the overall stock market. The S&P 500 is predicted to stay pretty stable, but the Dow Jones and NASDAQ 100 could go down even further. It's important to keep an eye on those trends if you're thinking about trading.
In terms of corporate earnings, Boeing had a tough quarter, with more losses and fewer aircraft deliveries than they were anticipating. But Microsoft had a really good first quarter, especially because their Azure public cloud business did really well. Alphabet, unfortunately, didn't meet expectations for their cloud revenues, so their stock is expected to go down.
Snap initially saw a big increase in their stock price because they did really well with its earnings and revenue, but then the stock went down a bit because some advertisers stopped spending money during the Israeli-Gaza conflict.
How will the CAD fare with BoC decision?
There's also some talk about the Bank of Canada (BoC) and how its interest-rate decision might affect the Canadian dollar. And they have a guest who talks about the US economy and how it's doing better than expected. They point out things like government spending and a strong labor market as reasons for this resilience.
Finally, they give a preview of upcoming earnings reports from Meta Platforms (formerly Facebook) and IBM. They mention that IBM is expected to see increased revenues in their software segment.
This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
Act on share opportunities today
Go long or short on thousands of international stocks with spread bets and CFDs.
- Get full exposure for a comparatively small deposit
- Trade on spreads from just 0.1%
- Get greater order book visibility with direct market access
See opportunity on a stock?
Try a risk-free trade in your demo account, and see whether you’re on to something.
- Log in to your demo
- Take your position
- See whether your hunch pays off
See opportunity on a stock?
Don’t miss your chance – upgrade to a live account to take advantage.
- Trade a huge range of popular stocks
- Analyse and deal seamlessly on fast, intuitive charts
- See and react to breaking news in-platform
See opportunity on a stock?
Don’t miss your chance. Log in to take advantage while conditions prevail.
Live prices on most popular markets
- Equities
- Indices
- Forex
- Commodities
Prices above are subject to our website terms and agreements. Prices are indicative only. All share prices are delayed by at least 15 minutes.
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.
