Google surprised with earnings, Microsoft - not so much

Google surprised with earnings, Microsoft - not so much

2021-04-28 • Updated

What happened?

Two stock giants – Microsoft and Google – have published earnings reports for the first quarter of 2021. Both reports are better than expected! Google was expected to deliver $15.45 earnings per share, the actual data was way better: $26.29. The market forecast for Microsoft was $1.76, and the tech giant beat that estimate with $1.95. Google gained from ad sales and internet search. Microsoft mostly benefited from the cloud-computing product, Azure and big gains for Xbox helped as well.

By the way, the stock market is open from 16:30 to 23:00 MT (GMT+3).

More details about stock trading, you’ll find in the article “Improvements in the Conditions of US Stock Trading”)

How to trade on earnings?

Since the earnings data was great, the stocks are likely to rise. However, Google has more chances than Microsoft. Google’s data pleasantly surprised investors with such a big increase, while Microsoft data wasn’t so good. Yes, it was better than the forecast, but not so much.

To get more tips about trading stocks, read our special guide “How to trade on earnings reports?”

Microsoft outlook

Microsoft hit an all-time high yesterday, breaking above $260.00. Therefore, the way up to the next round number of $270.00 is open. However, the RSI indicator is just below the 70.00 level. Once it breaks above this level, the stock becomes overbought and the reverse down may occur. Thus, be aware of the support levels at the low of April 14 at $255 and the psychological mark of $250. If the stock price goes down, it is likely to stop ahead of these levels rather than break out them.

MICROSOFTDaily.png

Google outlook

Google may rise to the next round number of $2400 on encouraging data. The RSI indicator reversed yesterday from 70.00, thus there’s some room for the price to rise. When the price breaks $2400, the way up to the next psychological mark of $2500 will be open. Support levels are at the recent low of $2250 and the 50-day moving average of $2140.

GOOGLEDaily.png

Don't know how to trade stocks? Here are some simple steps.

  1. First of all, be sure you’ve downloaded FBS Trader app or Metatrader 5. FBS allows you to trade stocks only through this software.
  2. Open an account in FBS Trader or the MT5 account in your personal area.
  3. Start trading!

                                                                                                  TRADE NOW

Similar

What Can Drive Oil below $90 a Barrel?
What Can Drive Oil below $90 a Barrel?

The past two years have seen the biggest swings in oil prices in 14 years, which have baffled markets, investors, and traders due to geopolitical tensions and the shift towards clean energy.

Latest news

USD: Powell Speaks on Cutting Interest Rates
USD: Powell Speaks on Cutting Interest Rates

Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...

WTT: Currency Pairs To Trade In April
WTT: Currency Pairs To Trade In April

Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.

Deposit with your local payment systems

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera