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Market Close Analysis 25 Oct 2021

Market Close Analysis 25 Oct 2021

General Market 

  1. Facebook earnings

Facebook Inc (NASDAQ:FB) will report its third-quarter numbers after the closing bell Monday. The social media giant is seen reporting a revenue of $29.58 billion and profit per share of $3.19, according to analysts tracked by Investing.com.

  1. Google earnings

Google-parent Alphabet (NASDAQ:GOOGL) Inc Class C (NASDAQ:GOOG)’s third-quarter revenue is seen at $63.47 with profit per share coming in at $23.75. It reports Tuesday after the closing bell.

  1. Microsoft earnings

Microsoft Corporation (NASDAQ:MSFT) is expected to clock a first-quarter revenue of $43.93 and earnings per share of $2.07. It also reports Tuesday.

The Dow Industrials and S&P 500 hit fresh record highs on Monday, as earnings season kicked in to high gear in one of the heaviest reporting weeks of the quarter with bellwethers in multiple sectors poised to announce results.

While the Dow and S&P hit new highs, the Nasdaq outperformed on the day, buoyed by gains in Tesla (NASDAQ:TSLA) and PayPal (NASDAQ:PYPL).

 

  • NOTE: If history offers any clue, then FB stock could be up for a comeback after this dip. Its shares have rebounded strongly after every major crisis the company has endured over the past few years. The reason is simple: businesses can’t afford to ignore the FB platform due to the company’s massive global reach. By the end of the second quarter, Facebook had 1.91 billion daily active users for its flagship social network.

 

Written by Editor

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analysis Oct 25

Market Analysis 25 Oct 2021

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