Google, Microsoft and Spotify earnings reports and Fed’s decision today
- 26 July 2023
- Posted by: Federica Montella
- Categories: eToro CopyTrader, Investing
Earnings reports and their impact on the stock price
Yesterday, some of the biggest US companies reported earnings for the second quarter of the year.
Let’s analyse how they performed aftermarkets.
Alphabet
Alphabet, the Google parent company, Â has gone up by 7% after the publication of the better-than-expected earnings reports.
The earnings of $1.44 per share, shown yesterday, have beaten the forecasted $1.34 per share.
Similarly, to the positive earnings per share, even the revenues have outperformed the expectations.
The high revenues have been boosted by the advertising posted on the Google search engine.
Microsoft
Microsoft’s shares lost almost 4% because of the lower-than-forecasted revenue guidance.
Earnings reports, however, have shown positive data with earnings at $2.69 per share while the expectations were at $2.55 per share.
Spotify
Shares of Spotify went down more than 14% Tuesday after the company published that the expectations for the company revenue were not met.
The analysts forecasted revenue of 3.21 billion euros but the actual data of 3.18 billion euros have disappointed the investors.
Not to be missed
Today, the Federal Reserve will take the decision regarding the next monetary policy action, at 19:00 GMT+1.
Jerome Powell will attend a press conference half an hour later.
It is expected an interest rate increase of 25 basis points and if so, it will be the highest interest rate level in 22 years.
Portfolio update
I am rebalancing my portfolio gradually.
I am adding new positions and will close some in the upcoming months.
If you are already copying my portfolio, please keep the copy open.
If you are thinking of copying me, now could be the right time, if you can invest for the long term (years).
Remember to copy the open trades to optimize the copy.
Remember to set the stop loss on the copy at the minimum level, so you don’t get stopped if there is a correction.
Thank you, everyone. Have a nice day!
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