2021-07-22 • Updated
Twitter, the US IT company, will present its earnings report for the second quarter on July 22 after the stock market closes (23:00 GMT+3). The release will be followed by an investor conference call at 1:00 MT, July 23.
Investors do not expect too much from the company’s report on Thursday. User expansion is slowing after the pandemic-driven bump, while the economic environment is becoming uncertain for growth stocks amid surging Delta variant cases.
In the first-quarter report, Twitter warned investors about a slowdown for the second period. For the rest of the 2021 year, the company predicts “low double digits” user growth, with the lowest numbers in the 2nd quarter.
Unlike main competitors, Twitter does not earn money from direct response advertising. Direct response advertising is the main feature small business uses to attract new customers, which is the reason it bumped after the lockdown was over. In the business model, Twitter relies on big brand advertising, which makes 85% of this total sale.
Daily chart
As the report will be posted during the post-market session, the price movements might be highly volatile. The short float is 2.61%, which means a huge growth should not be expected. It looks like after the weak report the price will drop down to the 50-period moving average at $67. If the price breaks this support, it will go down to $64.
Don't know how to trade stocks? Here are some simple steps.
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...
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!
|
