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Earnings results update, 24 July AMC
Based on the earnings results of companies reporting last night, here’s a summary focusing on the moves made by these companies and their possible impact on the overall market indices such as SPX and NDX. Emphasis is placed on the most popular companies and brands that are likely to influence market sentiment.
Highlights of most popular companies
International Business Machines (IBM)
ServiceNow (NOW)
Ford Motor Company (F)
Other notable movers
KLA (KLAC)
Waste Management (WM)
Chipotle Mexican Grill (CMG)
Overall market cap weighted trend
Positive influence:
Negative influence:
Overall sentiment:
Expected directional bias for next day
Investors and traders should prepare for a potentially mixed market with a slight bullish bias, adjusting their strategies accordingly based on the performance of these influential companies and the overall market sentiment derived from these earnings reports.
This article was written by Itai Levitan at www.forexlive.com.
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