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[QUOTE="SebsCubs, post: 130378, member: 41570"] [HEADING=1]What will happen?[/HEADING] The much-awaited earnings season is about to start! The first companies that will deliver their financial results for the second quarter will be Goldman Sachs, JPMorgan Chase, and PepsiCo. [B]Goldman Sachs[/B] and [B]JPMorgan Chase[/B] are American multinational investment banks. They are going to deliver their Q2 financial results on July 13 at 14:30 and 15:30 GMT+3, respectively. The GS’s forecast is $9.96 earnings per share. The JPM’s forecast is $3.16 earnings per share. Last time, the banks beat the estimates due to the rise in wealth and consumer banking revenues after the Covid-19 crisis. However, this time, the result may be weaker than expected as Wall Street analysts have predicted trading revenue at top US banks slumped by 28%. If Goldman Sachs reveals better-than-expected EPS, it may break above the psychological mark of $380.00, which will open the doors towards the high of June 4 at $390.00. Support levels are the low of June 8 at $360.00 and the 100-day moving average of $350.00. JPMorgan is getting closer to the key resistance level at the 50-day moving average of $158.00. If the Q2 earnings are strong, it may jump above $158.00, clearing the way up to the all-time high of $167.00. On the flip side, the drop below the low of July 8 at $150.00 will push the stock down to the next support at $147.00. [B]PepsiCo[/B], the giant beverage company, will reveal its Q2 earnings on July 13 at 13.00 GMT+3. The market expects the company to deliver earnings of $1.53 per share. Most analysts are optimistic about Pepsi’s earnings. Indeed, the coronavirus-related costs should be reduced due to a successful vaccine rollout in the US, which accounts for roughly 2/3 of total Pepsi’s profits. If PepsiCo reveals strong financial data, its stock price may jump above the $150.00 psychological mark, which will open the doors to the next round number of $155.00. Support levels are the 50-day moving average of $147.00 and the low of June 24 at $146.00. [IMG alt="GSDaily.png"]https://fbs.com/img/articles/31920/1626081962-34350789d87b083dde4980a831881231_1200x1200_q90v3.png[/IMG] Reference: FBS (12.07.2021) Earnings season starts! FBS analytic news [/QUOTE]
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