January 2021 - SCOPE MARKETS Blog

Facebook earnings outperformed expectations but share prices dip due to 2021 uncertainties

KEY POINTS• Earnings beat up wall street expectations• Facebook warns of uncertainty of the company’s future• Share prices rose to $3.88 per share Better-than-expected earnings on Facebook The Facebook company reported its most awaited earnings results on the 27th January 2021 after the U.S market closing bell. The earnings came out way better than expected […]

by Lulama Msungwa
4 years ago

Is the Bubble going to burst for US stocks?

American equities are currently trading near or at all-time highs despite operating in a country that was worst hit by Covid-19 pandemic in the year 2020. Key benchmark indices such as the S&P 500 index, Dow Jones 30 index, and the Nasdaq 100 index are all trading at alarmingly high valuations. Investors are beginning to […]

by Rufas Kamau
4 years ago

Apple stock falls despite positive earnings

Key points Earnings beat investors’ expectations Recorded a revenue of $111.4 billion in Q1 2021 earnings First time Apple will be recording $100 billion quarterly earnings It was a very busy week in the stock markets with Tech companies reporting their earnings for the first quarter of 2021. On Wednesday Apple reported its highest quarterly […]

by Adegbotolu Kehinde Erastus
4 years ago

Tesla Stock Slumps 4.97% Despite Making its First Full Year Profit

Tesla announced their first earnings report this year on 27th January 2021. The revenues and profits slightly missed Wallstreet’s targets leading to a 2.14% slump by market close, and a 4.97% in after hours trading. Nasdaq dropped about 5% on this downbeat news. The company made $10.7B in sales revenue and $0.80 earnings per share […]

by Rufas Kamau
4 years ago

Fed Interest Rate Decision

FOMC Conference The FOMC will be meeting for the first time this year on Wednesday. Here some key points to focus on Key points: · Interest rates to remain unchanged · Inflation rates for 2021 · Economic growth for 2021 In what is likely to be a very quiet meeting, the Federal Reserve has announced […]

by Scope Markets
4 years ago