2021-02-09 • Updated
Western Union reports its earnings on Wednesday, at 23:30 MT time, with the expected EPS of $0.42.
Here is the long-term picture. Western Union’s stock hasn’t recovered from the virus hit yet. While it enjoyed the highs of $28 a year ago, it is currently below $24 – that’s just halfway through the losses. However, it may be exactly the reason why it may be an excellent moment to open a position with this stock: with a fundamentally positive outlook, it will inevitably reach back to $28, in time.
In the mid-term, $24 is the nearest target for bulls. That’s where the stock is very likely to be if Western Union manages to outperform the expectations. Otherwise, it may drop to $22 before it gets up again for an upward trajectory. In any case, you'll be able to check which scenario it is in the FBS Trader!
Coinbase (#COIN) saw its revenue rise to $773 million in Q1 2024, marking a 23% increase from the previous quarter and surpassing analyst expectations.
During his program on CNBC on February 28, Jim Cramer expressed frustration with the impact of earnings reports on market behavior, noting how they often prompt rash decisions by average investors. He criticized the short-term focus and lack of attention to nuance in news coverage of earnings. Cramer cited examples of Home Depot and Lowe's, highlighting how investors reacted hastily to headline news without considering the broader context provided in earnings calls.
After creating record highs, Wall Street's main indexes opened on Wednesday and began to edge lower, reflecting cautious sentiment among investors. They're eagerly awaiting crucial inflation data that could impact the U.S. Federal Reserve's interest rate decisions. The upcoming release of the personal consumption expenditures (PCE) price index is expected...
Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...
Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
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