The energy industry has undergone several major changes in the XXI that are becoming increasingly apparent…
Microsoft: earnings report on July 27
2022-12-15 • Updated
What will happen?
Microsoft, the US IT company, will present its earnings report for the second quarter on July 27 after the stock market closes (23:00 GMT+3). The release will be followed by an investor conference call at 00:30 MT, July 28.
What to expect?
Microsoft splits its business into three similarly sized segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. Analysts are calling for strong growth across all three segments, as:
- Personal computer sales can keep growing monthly;
- Cloud computing platform Azure gets quickly adopted as the pandemic-led digital transformation spreads across the globe;
- Communication service Teams continue to gain momentum due to the continuation of work from home and online learning.
Analysts and experts forecast: Earnings per share = 1.91; Revenue = 44.06B
Technical analyses
4H chart
Investors are awaiting a strong earnings report. They have been buying back the stock on every drawdown for a while. It might play a terrible trick since one of the most popular trading strategies says: “buy the rumor, sell the news”.
Microsoft stock looks overbought according to RSI and MACD indicators. Institutionals might fix profits and drop the price after the report as it happened after the last report was published. It is important to wait for the right time to open the position. The best time for it will be right after the report presentation, where it will be more clear which side “whales” pick to push the price at.
If the price drops it will meet the closest support levels at $282, $275. On the flip side, the target is $300.
Don't know how to trade stocks? Here are some simple steps.
- First of all, be sure you’ve downloaded FBS Trader app or Metatrader 5. FBS allows you to trade stocks only through this software.
- Open an account in FBS Trader or the MT5 account in your personal area.
- Start trading!
Similar
More and more analysts are sure Brent oil will surpass $100 a barrel. So how heavily will oil move the markets, and what will the direction of the movement be? Let's find out!
Why? Despite the fact that analysts and experts have been predicting the US stock market crash during pash year S&P500 doubled since March 2020 crush and NASDAQ is also gaining permanently…
Latest news
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...