25 July 2017
On July 14 earnings season in USA started and it will last till the end of August. All the traders around the world look forward to this period because quarterly earning reports cause high volatility and provides an excellent opportunity to get high profit within just a couple of hours.
This is a very active time for traders compared to such important economic events as Nonfarm Payrolls release and Fed meetings.
According to leading FreshForex analyst Catherine Main the market anticipates positive data releases considering business activity growth in both manufacturing and non-manufacturing sectors in the second quarter. Strong statistics will push shares prices to the upside and S&P500 is ready to renew its historical high.
Here is a schedule of report releases of the most publicly traded companies in market:
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Follow up-to-date news about the most interesting earnings reports in your trading platform and get high profit during high volatility period!
ATTENTION! Here we will add results of report releases of the market leaders:
JPMorgan Chase: net profit in second quarter has increased by 17.4% to $1.82 per share. At the end of Friday trading quotes for JPMorgan rose by 2,07%, that suggests income of 20.7% using leverage of 1:10.
Bank of America: in the second quarter income has fallen in two times to $22.8 billion. Within two hours after report release shares have fallen by 1,2%, that suggests income of 12.5% using leverage of 1:10.
IBM released the quarterly earning report after the market closing. In the second quarter the income has fallen by 4.7%, to $19.3 billion. On July 19th at market opening at 1.30 p.m. GMT IBM shares are highly expected to fall.
Morgan Stanley: net profit of the bank in the second quarter has increased by 16% to $0,87 per share. #MorganStan shares have grown by 3.2% against the level of market closing on Tuesday, that suggests income of 32.2% using leverage of 1:10.
Microsoft reported revenue growth this Thursday, and their profits have increased by 19.8% and 42% respectively. The report was released after market closing, so today the company shares' uptrend may be expected.
Visa: the quarterly report pleased traders with positive data. Revenue and profit have increased by 25.6% and 24.6% respectively. The report was released after market closing, so on July 21 the company shares' uptrend may be expected.
Colgate-Palmolive: Net profit per share in the second quarter has increased by 2.8% to $0.7, which is the best quarterly result over the last two years! After market opening, Colgate-Palmolive shares grew almost non stop. At the end of the day shares grew by 4.7%, that suggests income of 47% using leverage of 1:10.
Alphabet #Google: reported revenue and profit exceeded expectations of market participants, that allows us to expect the company's shares growth today on July 25, as the report was released yesterday after market closing.
3M postponed its report release until July 25 at 1.30 PM GMT.
News is being updated...
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