Post by Dave on Jul 29, 2020 2:45:21 GMT -8
Good morning. Our pre-market is green at +$2.12 at the moment. Let’s see what this day holds.
Premarket: Apple is green
Dow Jones Futures Signal Modest Gains Ahead Of Fed Rate Decision; Apple Rises On iPhone Sales, While AMD Soars 11% On Earnings
Premarket: Apple is green
U.S. stock futures edged higher Wednesday as investors awaited cues on the Federal Reserve’s next steps to bolster the economy, a flurry of earnings at major companies, and a congressional grilling of the biggest technology companies’ leaders…
The Fed isn’t expected to roll out new stimulus measures when it wraps up its two-day policy meeting, but policy makers are debating how to provide more support to the economy once the outlook becomes clearer. Officials have warned that the economy faces a deeper downturn if the country doesn’t take more effective action to slow coronavirus…
Investors will also follow the appearance of the chief executives of Amazon.com,Apple, Facebook and Google before the House Antitrust Subcommittee. The committee is investigating the market dominance of online platforms, which have powered the stock market higher from its March lows.
“This is something extraordinarily significant: how do you want to regulate the tech industry?” said [Samy Chaar, chief economist at Swiss private bank Lombard Odier]. “We won’t have an answer today at the hearings.”
My take: A big week for big tech, antitrust hearings today, quarterly earnings tomorrow.
The Fed isn’t expected to roll out new stimulus measures when it wraps up its two-day policy meeting, but policy makers are debating how to provide more support to the economy once the outlook becomes clearer. Officials have warned that the economy faces a deeper downturn if the country doesn’t take more effective action to slow coronavirus…
Investors will also follow the appearance of the chief executives of Amazon.com,Apple, Facebook and Google before the House Antitrust Subcommittee. The committee is investigating the market dominance of online platforms, which have powered the stock market higher from its March lows.
“This is something extraordinarily significant: how do you want to regulate the tech industry?” said [Samy Chaar, chief economist at Swiss private bank Lombard Odier]. “We won’t have an answer today at the hearings.”
My take: A big week for big tech, antitrust hearings today, quarterly earnings tomorrow.
Dow Jones Futures Signal Modest Gains Ahead Of Fed Rate Decision; Apple Rises On iPhone Sales, While AMD Soars 11% On Earnings
Amid the current coronavirus stock market rally, a number of high-profile tech stocks are testing key support levels during the recent stock market pullback, including Apple, Facebook, Microsoft and Netflix.
Dow Jones leader Apple pulled back to its 50-day line on Friday before rebounding sharply Monday on a price-target hike. Shares fell 1.6% Tuesday, but are still about 30% above their 288.35 buy point in a cup with handle after a breakout on April 29.
Apple is set to report its earnings results on July 30 after the stock market close. According to IBD data, the iPhone maker is expected to earn $2.04 per share on revenue of $52.1 billion.
Dow Jones leader Apple pulled back to its 50-day line on Friday before rebounding sharply Monday on a price-target hike. Shares fell 1.6% Tuesday, but are still about 30% above their 288.35 buy point in a cup with handle after a breakout on April 29.
Apple is set to report its earnings results on July 30 after the stock market close. According to IBD data, the iPhone maker is expected to earn $2.04 per share on revenue of $52.1 billion.