The bullish rally on the U.S. stock market | 30 Julio 2021

The bullish rally on the U.S. stock market


#ATT:


Consolidated revenues for the second quarter totaled $44.0 billion versus $41.0 billion in the year-ago quarter, up 7.6% reflecting partial recovery from the prior-year impacts of COVID-19. Higher Warner Media, Mobility, Mexico, and Consumer Wireline revenues more than offset declines in domestic video and Business Wireline. For the fourth consecutive quarter, company management saw good subscriber growth across wireless, fiber and HBO Max. Mobility delivered strong service revenue, EBITDA and postpaid phone growth. The fiber business, which leads on customer satisfaction, grew subscribers and penetration.


Trading recommendation: Buy 27.71 and take profit 28.07.


The bullish rally on the U.S. stock market


#SP500:


The Federal Reserve has published the fresh statistics illustrated the change in assets on the balance sheet. Over the past week, the figure rose by $38.8 billion. The Central Bank increase asset purchases, which is positive for the U.S. stock market! Against this background, bankers are involved in reverse repo transactions with the Fed. Such operations are carried out only during periods of excess liquidity. Investors are now looking ahead to the Federal Reserve's policy meeting next week when more discussion about tapering is expected, though Chair Jerome Powell has repeatedly said the labour market remains well short of target. He also still argues that the recent spike in inflation will prove fleeting, which may be one reason stock markets have been rallying so hard.


Trading recommendation: Buy 4384 and take profit 4416.


The bullish rally on the U.S. stock market


#Twitter:


The company has published positive financial results. Revenue product improvements, strong sales execution, and a broad increase in advertiser demand contributed to 87% year-over-year growth in ad revenue in Q2.Q2 net income was $66 million, representing a net margin of 6%. The increased shipping cadence contributed to reaching 206 million average monetizable DAU in Q2, up 11% year over year and 3% quarter over quarter. Management continued to make significant progress on direct response and brand products with updated ad formats, improved measurement, and better prediction.


Trading recommendation: buy 69.06 and take profit 73.12.

 

David Johnson
Analyst of «FreshForex» company
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