Microsoft Microsoft, the second largest company on Wall Street by market capitalization (after Apple) and developer of the Windows operating system and office suite, is expected to report its results for the quarter ended December 2021 Tuesday, January 25th, after market close. Zacks forecast sales for the quarter at $50.32 billion, above that $43.08 billion in the same period last year (up 16.82%), while the return per share is expected $2.29, over $2.03 in the same quarter of the previous year (an increase of 12.81%.) For revenue by product line for the upcoming quarter Amy Hood Microsoft Chief Financial Officer […]
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Market Update – January 21 – Stocks Sink – Netflix & Peloton Crash
Stock markets fell again (Nasdaq -1.3%) Tech companies led the slide, (peloton -24%, Netflix -18% post results. U.S. dollar solidified as Yields & Oil submerged, gold held on to the profits. The markets are nervous and Risk aversion has chosen up as investors eye shaky earnings and dwindling confidence, with rising tensions over Ukraine adding to geopolitical tensions. US Weekly Claims reached a 3-month high, EZ inflation was an ATH and North Korea said it could be resumed tests its nuclear arsenal. Asian markets and EUR & CHF lower (AUSJPY -0.62%) ASX 200 (-1.2%), Nike 225 (-1.8%). U.S. DOLLAR (USDIndex […]
Events to Look Out for Next Week
The BoC and FED Policy meetings and press briefings are central bank highlights this week. Rising inflation and slowing economic growth from robust Q4 pace could be exacerbated by Omicron proliferation and renewed mitigation measures, not to mention the impact of the move away from monetary easing and fiscal support. How central banks deal with this dynamic will keep markets jittery. These factors will continue to keep markets volatile next week. Additionally, the big dose of global data releases includes next week global PMIs, Australian CPI, US GDP and PCE. Monday – January 24, 2022 Services & Manufacturing PMI […]