This follows a rather volatile session for markets where stocks surged towards the green in the final hour after losses at the start.
Speaking on the recent volatility in stocks is Baird investment strategy analyst, Ross Mayfield.
If you’re of the opinion that we’re not going to enter a recession … I think you start to see some value investors start to take some bites.” Between the Fed’s policy update tomorrow and the latest batch of corporate earnings, there remain plenty of market-movers in the stock market this week.
Diving in, Wall Street is currently projecting earnings of $0.91 per share on revenue of $5.2 billion for the quarter.
For a sense of scale, AMD’s EESC business accounted for over 40% of its total annual revenue for the fiscal year 2021.
At the same time, Wall Street analysts also appear to be bullish on the semiconductor firm ahead of its earnings.
For the first quarter, consensus analyst estimates are pointing towards an earnings per share of $0.26 alongside revenue of $1.46 billion.
This would be the case as CEO Brian Chesky did highlight that more people than ever are signing up to become hosts back in November.
For one thing, such a push would further cement Meta’s leading position in the race to bring people into the metaverse.
For investors looking to bet on the metaverse, FB stock could be an attractive play at today’s opening bell.
By and large, from earnings to the latest tech innovations, there is certainly no shortage of news to consider in the stock market today.
Prices of penny stocks, cryptocurrencies and other financial instruments are extremely volatile and may be affected by external factors such as financial, promotion, regulatory and political events.
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