Big Tech Companies Report Earnings: What to Know This Week

Big Tech Companies Report Earnings: What to Know This Week

This week, investors will be focused on earnings results, with some of the S&P 500's most heavily weighted businesses set to release their quarterly reports.

Despite widespread fears about the impact of supply chain difficulties on business revenues, the majority of firms who reported earnings results in the last few weeks surpassed Wall Street's expectations. These better-than-expected results pushed the S&P 500 and the Dow to new highs in the last week.

About 23% of S&P 500 businesses have reported real third-quarter earnings as of Friday. According to FactSet statistics, 84 percent of companies outperformed Wall Street's earnings per share (EPS) estimates. And, based on actual results and estimates for firms that have yet to report, the S&P 500's anticipated profits growth rate was 32.7 percent. If this trend continues until the end of the third quarter results season, it will be the index's third-highest profits growth rate since 2010.

Given the recent series of better-than-expected outcomes, this week's round of reports faces a higher bar to cross.

This is especially true for Big Tech businesses like Facebook (FB), Apple (AAPL), Amazon (AMZN), and Alphabet (GOOGL) (GOOGL). Most of them beat the market last year, but their stock gains have slowed this year due to fears about increasing interest rates, chip shortages, and slowing growth following a rise in online media consumption and software demand during the pandemic's peak.

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India to Tax Crypto Income, Launch Central Bank Digital Currency

India to Tax Crypto Income, Launch Central Bank Digital Currency

Tax revenue from the transaction of crypto assets-related products would be charged at a rate of 30%, according to Finance Minister Nirmala Sitharaman's budget address on Tuesday.

Banks and Finance
Advanced Markets UK Reports Stronger Revenue And Mitigated Loss For 2020‎

Advanced Markets UK Reports Stronger Revenue And Mitigated Loss For 2020‎

Advanced Markets (UK) Limited, the UK trading arm of a multi-asset liquidity and prime-of-prime service provider, has released its annual report and year-end financial statements for the 12-month period ending December 31, 2020.

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The Role of Liquidity Providers in the Brokerage Business

Liquidity Provider

Liquidity Provider

The Role of Liquidity Providers in the Brokerage Business

Let's find out what is liquidity and array of trading pairs, what is the role of a liquidity provider and which are the best ones.

Liquidity