Other than $NFLX, the FAANG stocks all reported Q2 financial results on Thursday, after the market close. Most surprisingly all four big giants reported better-than-expected earnings.
Apple (NASDAQ: AAPL) “Apple’s record June quarter was driven by double-digit growth in both Products and Services and growth in each of our geographic segments.” Tim Cook, Apple CEO said.
- Earnings per share (EPS) $2.58 vs. $2.07 expected
- Revenue $59.7 billion vs. $52.3 billion expected
- Earnings per share (EPS) $1.80 vs. $1.39 expected
- Revenue $18.7 billion vs. $17.4 billion expected
- Earnings per share (EPS) $10.30 vs. $1.46 expected
- Revenue $88.91 billion vs. $81.56 billion expected
- Earnings per share (EPS) $10.13 vs. $8.21 expected
- Revenue $38.30 billion vs. $37.37 billion expected
Global stocks trading mixed on Friday while US Nasdaq futures surged higher boosted by better-than-expected tech earnings.
Crude oil price slightly rebounded on Friday, during the previous session Oil prices fell to 3- weeks low.
The dollar index extended losses and hit the lowest since May of 2018. Meanwhile, EURUSD extended gains to 1.19 and the GBPUSD surged to 1.3142 during the European session.
Gold price recovered from the previous session lows and during the European session, the yellow metal climbed back to near the all-time high of $1980 supported by negative US GDP numbers.
On Thursday, the US reported the second-quarter GDP numbers, the world’s largest economy contracted by a record 32.9% YoY, slowing down from -5% YoY in the previous period.
The important earnings to watch today: Exxon Mobil (NYSE: XOM) -Pinterest Inc. (NYSE: PINS) and Caterpillar Inc. (NYSE: CAT)
The number of people infected with the coronavirus across the world surpassed 17.3 million, of which at least 673 thousand people have, according to data released by the Johns Hopkins University.
XAU/USD: The yellow metal price trading below the all-time high of $1980, any break above the next important level to watch $2000.
The important levels to watch for today: Support- 1940 and 1920 Resistance- 1982 and 2000.
EUR/USD: The currency pair slightly retreated from the fresh high of 1.1905 and at the time writing, the pair trading below 1.1850
The important levels to watch for today: Support- 1.1800 and 1.1740 Resistance- 1.1910 and 1.1950.
Quote of the day: Never stop investing, never stop improving, and never stop doing something new- Bob Parsons.
Read more- https://gulfbrokers.com/en/daily-market-report-136