The bulls will take a flat session in US stocks given the weakness seen in new home sales and further escalations in the Ukraine

Chris Weston

Pepperstone

The bulls will take a flat session in US stocks given the weakness seen in new home sales and further escalations in the Ukraine. Still, most equity traders would have been looking forward to trade in the post-market; given the cracking numbers from Facebook and Apple, our desk certainly saw a sizeable pick-up in activity in these trader favourites. Both stocks have rallied strongly in the post-market and especially with Facebook it appears that this is name that has good short-term upside potential. With Facebook and Apple having reported, we have now seen 32% of S&P 500 companies report, with an above average 74.8% having beaten on EPS, while 53.5% have beaten on the revenue line. On aggregate, we've seen 7.3% earnings growth and 2.5% revenue growth, with the big revenue growth coming from the oil and gas space (at 9.6% year-on-year). - (VIEW LINK)


Chris Weston
Head of Research
Pepperstone

Highly accomplished financial markets professional, with experience at a number of top-tier global institutions on both the buy and sell-side. A natural communicator with a strong ability to analyse macro-economic trends, capital flows and market...

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.