July 24, 2018 – THE BELL IS ABOUT TO RING!!!

July 24, 2018 – THE BELL IS ABOUT TO RING!!!

1.     Earnings continue to play a pivotal role in markets

Q2 Earnings continue to show their dominance on the stock markets for obvious reasons some of the strong contestants for the 1 trillion mark have released their earnings Google being the latest of them.

All major Earnings released Pre-market today have been positive:

Verizon – EPS of $1.20 beats by $0.06 & Revenue of $32.2B beats by $420M

3M - EPS of $2.59 beats by $0.01 & Revenue of $8.39B beats by $20M

United Technologies - EPS of $1.97 beats by $0.12 & Revenue of $16.71B beats by $440M

Biogen - EPS of $5.80 beats by $0.59 & Revenue of $3.36B beats by $110M

The stock movements of the above major market cappers are a thing to watch for post the markets open, in just a while.

After Market AT&T, the telecom giant is scheduled to release its earnings, analysts expect an EPS of $0.87 & revenue of $36.64B.

On the European earnings front PSA Group which owns the Peugeot and Opel brands, reported a 40% surge in sales in the first six months of the year, which saw a 9% surge in the company’s stock. Whereas UBS, the Swiss multinational bank stocks saw a surge of 3% after it reported a net profit of 1.3 billion Swiss franc ($1.3 billion) for the second quarter.

2.     GOOGLE, Earnings released POSITIVE of course

One of the things the financial world was looking for: Google to release its Q2 earnings post market hours yesterday.

As expected, it beats its forecasts consistently for both the quarters of the current financial year. As declared yesterday evening its Q2 EPS of $11.75 beats forecasts by $2.21 & its revenue of $32.66B beats forecasts by $530M.

The company was charged a whopping $5B penalty by the European commission due to which the company's profit fell to $3.2 billion in the quarter ending in June, down from about $3.5 billion in the same period a year ago.

According to the CEO comments on a conference call with analysts, he says it is too early to comment regarding any future business-related concerns in the EU.

Shares in Google's parent company Alphabet were up 4% premarket after the tech giant reported quarter results on Monday. Having said that Alphabet on track to open at record high after continuing positive earnings trend quarter to quarter.

3.     Iran – USA – Iran… OIL???

For Trumps war of words with Iran yesterday and the continued reverse reaction from Iran today, continues to be the worry for the Oil traders across the globe.

The late-night comments from the President of US threatening Iran of severe measures and mentioning that "SUFFER CONSEQUENCES THE LIKES OF WHICH FEW THROUGHOUT HISTORY HAVE EVER SUFFERED BEFORE” this could be because Iran's leaders threatened to shut the Strait of Hormuz, the world's most important seaborne transit lane for oil.

Iran obviously unhappy by the hitting of US sanctions on them made these threatening comments, however these were not at all taken down well by the United States of America President Trump.

Owning to the above however there has been little if not too much of a movement in the US crude which opened at $67.74, made a high of $68.47 with a low of $67.55 and currently trading at $67.88 per barrel.  

4.     Assumed Major Market Movers for today

3M – With its revenue and EPS beating forecast this consumer and industrial products company could well be a good market mover today.

United Technologies – Revenue topped forecasts and United Technologies raised its full-year outlook, thus could well be a good market mover today.

Verizon – EPS & Revenue exceeded forecasts, helped by growth in wireless subscriber numbers could well be a good market mover today.

5.     Markets as of NOW:

DOW Futures	Nasdaq Futures	S&P Futures
25144	7462	2823
+98.00 / +0.37%	+32.00 / +0.45%	+11.25 / +0.41%

China	UK – FTSE100	GERMANY - DAX
2905.56	7721	12739
+46.02 / +1.61%	+66.00 / +0.85%	+190.72 / +1.52%

Disclaimer

This Interim Financial Results & News posts or updates includes forecasts, projections and other predictive statements that represent Vtrade's assumptions and expectations in light of currently available information. These forecasts, etc., are based on industry trends, circumstances involving companies and other factors, and they involve risks, variables and uncertainties. The Group’s actual performance results may differ from those projected in these Interim Financial Results. Consequently, no guarantee is presented or implied as to the accuracy of specific forecasts, projections or predictive statements contained herein.