2021-08-02 • Updated
Electronic Arts, the global leader in digital interactive entertainment, will present its earnings report for the second quarter on August 4 after the stock market closes (23:00 GMT+3). The release will be followed by an investor conference call at 00:00 MT, August 7.
Analysts expect a strong quarter report as the gaming industry shows massive growth from quarter to quarter. On July 21, Deutsche bank picked EA as a top sector company. The stock price reacted by gaining 2%.
At EA play live showcase the company presented a wide pipeline of new content, with creative innovation and clever new models of gameplay. Investors and gamers highly valued the product as a result EA stock price rose by 2%.
Analysts and experts forecast: Revenue = $1.28B, Earnings per share = $0.6244
Daily chart
On the daily chart, a rising triangle has occurred. This is a bullish pattern with a target price of $165. This one-year consolidation and the upcoming quarterly report make investors and traders follow EA stock price closely. If the price breaks $148 resistance, the stock will get a massive pump. Otherwise, the price might test the bottom line to the triangle at $140.
Crude oil futures surged on Monday due to disruptions in Russian refining capacity caused by Ukrainian drone strikes and Moscow's decision to cut output to comply with OPEC+ targets. The West Texas Intermediate (WTI) contract for May settled at $81.95 a barrel, up $1.32, while the Brent contract for May settled at $86.57 a barrel, also up $1.32. Russia instructed...
Bearish scenario: Sales below 80.00 with TP1: 79.60... Anticipated bullish scenario: Intraday purchases above 80.70 with TP: 81.50...
Brent oil is currently on a bullish trend, facing resistance near $84 and supported by the 200-day EMA. Breaking above this level could lead to a climb towards $90. Short-term support is observed around $80, backed by the 50-day EMA. As summer approaches and travel increases, crude oil tends to benefit from seasonal patterns. Despite temporary setbacks, buying...
Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...
Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
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