Yazar: Geoffrey Smith
Investing.com – The war continues between Wall Street hedge funds and enthusiastic and sometimes troubled retail investors. The first US GDP reading for the fourth quarter and weekly jobless claims will be published. Despite the strong results, Apple, Tesla and Facebook shares are in trouble, and there is a tight physical market resisting the sale in their stocks.
Here’s what you need to know in financial markets on Thursday, January 28th.
1. Great Stock Market Rebellion
Buckle up and it’s going to be another wild day for the Great Stock Market Rebellion of 2021. Monday and Tuesday saw one of the biggest gross drops seen by hedge funds, according to Morgan Stanley (NYSE :).
This is due to the defeat inflicted on hedge funds and other professionals by the army of retail merchants organizing on social media. It is not clear how long this move will take. Unless day-to-day investors want long-term ownership of failed game stores and debt-laden, empty movie theaters, the drive to make a profit can soon become irresistible.
2. GDP and unemployment claims
For those still adhered to the bizarre idea that the state of the economy has any role in price formation for financial assets, the US will announce its fourth quarter (GDP) pre-reading.
Analysts think the economy grew 4% year-on-year after a 33% increase in the third quarter. The Fed’s favorite inflation measure is core personal consumption expenditures, estimated at 1.5% year-on-year increase.
On the other hand, data on the labor market will be published. Initial jobless claims are expected to remain as high as last week. The data list ends with the month of December.
3.The exchanges will open mixed
US stocks will open mixed on Tuesday after their biggest one-day drop in weeks.
It increased by 10 points and fell by 0.2% and 0.8%.
The earnings streak continues;
Mastercard (NYSE:), Visa (NYSE:), Comcast (NASDAQ:), McDonald’s (NYSE:), Altria (NYSE:), Dow (NYSE:), Stanley Black & Decker (NYSE:) ve American (NASDAQ:), JetBlue (NASDAQ:) ve Southwest (NYSE:) havayolları var.
4. Tesla and Aplle cannot meet high expectations
Tesla posted its first full-year profit, and Apple made $ 100 billion in quarterly revenue for the first time, but neither could meet the extremely high expectations seen in current share prices.
Tesla (NASDAQ 🙂 fell 4.9% with only 50% growth forecast for the next two years, while Apple (NASDAQ 🙂 lost 2.3% despite increasing the average selling price of the iPhone from $ 803 to $ 879.
The other giant Facebook (NASDAQ :), which will report on Wednesday, lost 0.5% to Apple’s dominance in the online advertising market after warnings of legal difficulty, along with highly critical comments on Mark Zuckerberg.
5. Oil is stable despite pressure on risk assets
Selling pressure in the stock market had a limited impact on crude oil prices, which continue to be supported by a robust decline in global stocks, as revealed by the Energy Information Agency (EIA) announcement of the US decline.
It was down 0.2% to $ 52.77, while it fell similarly to $ 55.41.