Vtrade - July 17, 2018 – THE BELL IS ABOUT TO RING!!!

July 17, 2018 – THE BELL IS ABOUT TO RING!!!

1)    NETFLIX – Affects after Earnings

As there have been several articles mentioning that the streaming major has an overvalued stock, the latest Q2 results, only reciprocate to some extent with the said analysis.

Missing its targets, wherein Netflix fell short of $30M while closing at $3.91M in the Quarter 2, the main reason for which seems to be missing its targeted domestic and international subscriptions.

Looking ahead in Q3 it looks at adding 5.0M consisting of 4.35M international subscribers & the rest from US.

The stocks saw a sharp downfall of almost 14% post trading hours yesterday, what happens today to the worthy stock is just a matter of little time.

2)    Tech Biggies are made answerable

The Big ones that are moving the tech sector to “a top of the table high” so far through the year, are to be summoned by The US House Judiciary committee on they shall handle their ever-increasing user data & content.

The one of its kind Facebook, Google & Twitter shall have to be prepared with for some noise based on this questionnaire session. In a similar instance when Mark Zuckerberg testified before the Congress for the Cambridge Analytica data breach, it had created a negative stir in the shares of Facebook.

3)    Europe-Japan-Europe

Meanwhile Japan and Europe have entered still more stronger trade ties, whereby they have almost finalized a deal that will remove trade barriers and minimalize tariffs for the ease and boost of business among the two geographies.

4)     Federal Chairman Powell testifies

Time for the semi-annual monetary testimony of the Federal Chief Powell before the Senate Banking Committee.

As reiterated in the previous interactions, wherein it looks at further gradual increases in the interest rates due to the positive economic growth featured by US on the whole.

Investors are keen to find out what the Fed feels about the current trade war situations and if for any reason there is going to be a reason for any considerations to the expected interest rate increments.

5)    Earnings Calendar

Major Earnings Released so far in the week:

Bank of America – Q2 EPS $ 0.63 beats by $ 0.06 & Revenue $ 22.61B beats by $ 340M

Netflix – Q2 EPS $ 0.85 beats by $ 0.06 & Revenue $ 3.91B missed by $ 340M

Johnson&Johnson – Q2 EPS $ 2.10 beats by $ 0.03 & Revenue $ 20.83B beats by $ 440M

United Health Group – Q2 EPS $ 3.14 beats by $ 0.10 & Revenue $ 56.09B as expected

Goldman Sachs – Q2 EPS $ 5.98 beats by $ 1.32 & Revenue $ 9.4B beats by $ 660M

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.