Hi, today we are going to talk about SPY and its current landscape.
The SPY today becomes the indicator of the outcoming of today's events that hit the stock market, starting with Facebook Inc. Chief Executive Officer Mark Zuckerberg is testifying at the House Financial Services Committee about antitrust accusations, misleading of privacy information, and about the issuance of the cryptocurrency named Libra, that lately raised concerns and critics around the world. Despite Facebook increasing its efforts and spendings on lobbyists in Washington, the Zuckerberg testimony it's unlikely to be softened up.
On the earnings season, the tech sector gains traction with the Microsoft, and Tesla reports. The biggest company of the S&P 500 it's expected to deliver satisfying earnings, as impacts of the Trade War don't have the range to affect its key products in a meaningful way. On the order hand, Tesla reports its cover on uncertainty since the expectations of the company to become profitable may be frustrated. Since recently, the company didn't achieve CEO Elon Musk's goals of a number of deliveries (despite hit records). Declining of the prices of semiconductor products, that have been reported on China may also affect the tech sector. So adding the worse than expected results from Caterpillar, it's up to Microsoft to impose a counterforce and maybe hold the market today or put fuel in the fire.
Thank you for reading and leave your comments if you like.
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Disclaimer: All content of Golden Dragon has only educational and informational purposes, and never should use it as financial advice
The SPY today becomes the indicator of the outcoming of today's events that hit the stock market, starting with Facebook Inc. Chief Executive Officer Mark Zuckerberg is testifying at the House Financial Services Committee about antitrust accusations, misleading of privacy information, and about the issuance of the cryptocurrency named Libra, that lately raised concerns and critics around the world. Despite Facebook increasing its efforts and spendings on lobbyists in Washington, the Zuckerberg testimony it's unlikely to be softened up.
On the earnings season, the tech sector gains traction with the Microsoft, and Tesla reports. The biggest company of the S&P 500 it's expected to deliver satisfying earnings, as impacts of the Trade War don't have the range to affect its key products in a meaningful way. On the order hand, Tesla reports its cover on uncertainty since the expectations of the company to become profitable may be frustrated. Since recently, the company didn't achieve CEO Elon Musk's goals of a number of deliveries (despite hit records). Declining of the prices of semiconductor products, that have been reported on China may also affect the tech sector. So adding the worse than expected results from Caterpillar, it's up to Microsoft to impose a counterforce and maybe hold the market today or put fuel in the fire.
Thank you for reading and leave your comments if you like.
Join the Traders Heaven today for more exclusive content!
Link bellow!
Disclaimer: All content of Golden Dragon has only educational and informational purposes, and never should use it as financial advice