18.04.2023 14:22
Leaders and outsiders: the season of reports continues
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Leaders and outsiders: the season of reports continues US stock market is feeling confident after quarterly data from JPMorgan Chase, Citigroup and Wells Fargo posted record profits. We suggest paying attention to the sectors of the economy, which, in our opinion, can show the growth of financial indicators, as well as several industries that may disappoint investors. Consider companies that are due to report this week.So, let's hope for growth: High-tech sectorThe topic of artificial intelligence and equipment development Alphabet, Microsoft, Nvidia, AMD, and Intel, is waiting for a positive. CryptoindustryAn increase in the price of the main coins (BTC, ETH, XRP, LTH) will provide profit from the commissions of the Coinbase crypto exchange and from the mining company Marathon Digital. Energy market and mining of precious metalsThe prices of gold and silver showed a confident bullish trend we are waiting for the growth of profits of Newmont and Barrick Gold. Strong energy demand is driving Peabody Energy and Arch Resources' top-line growth.And now those who look to the future without enthusiasm: Financial sectorThe tightening of lending conditions and the outflow of deposits guarantee a negative for regional banks such as Frst Republic Bank. Bank of America and JP Morgan may benefit from an influx of deposits and appreciation of assets, but their loan quality is sharply declining and reserve charges are rising. Retail consumptionWe are waiting for a drop in demand for BestBuy, Walmart, GAP, and some companies (for example, Bed Bath & Beyond) are in danger of bankruptcy. HealthcareCOVID and seasonal illnesses have receded, so Teva, Pfizer and Novavax can increase spending on new drugs, and this will reduce shareholder profits.So do not rush to add anti-leading companies to your portfolios even in the case of neutral or slightly positive reports, they will not be able to provide a strong entry point suitable for opening new deals.Profits to yall!#ForexChief #JPMorgan #Citigroup #market #forexnews #stocks #worldnews #WellsFargo #crypto #StockMarket #Ethereum #Alphabet
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