Notícias de mercado & insights

Netflix reported their Q1 earnings after the closing bell on Tuesday. The online streaming service reported total revenue of $7.16 billion in Q1 beating analyst forecast of $5.77 billion. Earnings per share were reported at $3.75 vs. $2.98 estimate.

With both revenue and earnings per share higher than analysts' expectations, the new paid subscriber additions came in way below analysts' forecast of 6.29 million – at 3.98 million. The latest dip in new additions could be the beginning of a further slowdown in new subscribers as lockdown eases around the world and people return to normality. ''Revenue grew 24% year over year and was in line with our beginning of quarter forecast while operating profit and margin reached all-time highs. We finished Q1’21 with 208m paid memberships, up 14% year over year, but below our guidance forecast of 210m paid memberships.

We believe paid membership growth slowed due to the big Covid-19 pull forward in 2020 and a lighter content slate in the first half of this year, due to Covid-19 production delays. We continue to anticipate a strong second half with the return of new seasons of some of our biggest hits and an exciting film lineup. In the short-term, there is some uncertainty from Covid-19; in the long-term, the rise of streaming to replace linear TV around the world is the clear trend in entertainment,'' Netflix said in a letter to investors following the announcement.

Shares of Netflix was down by around 9% in post-market on Tuesday following the latest numbers, down at $495 per share after ending the trading day a $549.57 per share. Netflix Source: TradingView You can trade Netflix (NFLX) and many other stocks from the NYSE, NASDAQ and the ASX with GO Markets as a Share CFD. Click here for more information.

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Last week marked a significant milestone for NIO when it produced its 100,000 th electric vehicle. The latest development also caught the eye of Tesla CEO Elon Musk, to which he responded: ''Congrats to NIO. That is a tough milestone.'' On Thursday, NIO officially confirmed its partnership with Sinopec – taking a major step forward in the company’s future.

Rumours about a potential partnership between the two companies first emerged back in February, when Sinopec Chairman Zhang Yuzhuo visited NIO’s battery swap station. About Sinopec Sinopec is the largest supplier of refined oil products and petrochemicals as well as the second-largest oil and gas producer in China. It was founded on 25 th February 2000 in Beijing, China and has over 240,000 employees globally.

The company has more than 30,000 gas stations – second highest in the world. The partnership NIO’s statement on the partnership: ''The partnership between Sinopec and NIO is an important milestone for further developing China's smart EV industry, a concrete measure to help achieve peak carbon emissions and achieve carbon neutrality, a key step in developing global, green, and innovative transportation initiatives and innovations.'' Following the announcement, NIO and Sinopec also unveiled the NIO Power Swap Station 2.0 at Sinopec's Chaoying Station in Beijing, China. The share price of NIO has taken a hit in recent months after reaching record highs back in February when it climbed above $60 per share.

It was down by around 5% on Thursday following the announcement, trading at around $34 per share. Worth noting that it was trading at $3.20 per share same time last year, a 995% increase at the current share price. NIO Source: TradingView You can trade NIO (NIO) and many other stocks from the ASX, NYSE, and the NASDAQ with GO Markets as a Share CFD.

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JPMorgan and Goldman Sachs reported their Q1 earnings before the opening bell on Wednesday – both beating analysts' forecasts. JP Morgan & Co JPMorgan reported a total revenue of $32.3 billion (up by 14.3% year-on-year) in Q1, above analysts' forecast of $30.52 billion. Earnings per share were reported at $4.50 vs. $3.05 estimate.

Jamie Dimon, Chairman and CEO, commented on Q1 results: ''JPMorgan Chase earned $14.3 billion in net income reflecting strong underlying performance across our businesses, partially driven by a rapidly improving economy. These results include a benefit from credit reserve releases of $5.2 billion that we do not consider core or recurring profits. We believe our credit reserves of $26 billion are appropriate and prudent, all things considered.'' ''With all of the stimulus spending, potential infrastructure spending, continued Quantitative Easing, strong consumer and business balance sheets and euphoria around the potential end of the pandemic, we believe that the economy has the potential to have extremely robust, multi-year growth.

This growth can benefit all Americans, particularly those who suffered the most during this pandemic. If all of the government programs are spent wisely and efficiently, focusing on actual outcomes, the benefits will be more widely shared, economic growth will be more sustainable and future problems, like inflation and too much debt, will be reduced.'' Shares of JPMorgan were down by around 1.19% in pre-market on Wednesday following the latest earnings numbers, trading at around $152.23. The share price is up by around 22% year-to-date.

JPMorgan Chase & Co Source: TradingView Goldman Sachs Goldman Sachs also reported strong numbers with revenue of $17.7 billion (up by 102.5% year-on-year) in Q1, way higher than analysts' estimate of $12.6 billion. Earnings per share at $18.60, above the forecast of $10.22 per share. ''We have been working hard alongside our clients in preparation for a world beyond the pandemic and a more stable economic environment,'' Goldman Sachs CEO, David Solomon said in the earnings release. ''Our businesses remain very well positioned to help our clients reposition for the recovery, and that strength is reflected in the record revenues and earnings achieved this quarter.'' Goldman Sachs The share price of Goldman Sachs trading higher after the Q1 results, up by around 4% at $343 per share. The stock is up by 30% year-to-date.

Source: TradingView You can trade JPMorgan Chase & Co (JPM), Goldman Sachs (GS) and many other stocks from the NYSE, NASDAQ and the ASX with GO Markets as a Share CFD. Click here for more information. Trading Derivatives carries a high level of risk.

Market response to any specific economic data release is far from standard even if actual numbers differ greatly from consensus expectations. Rather the market response is based on context of the current economic situation. This week’s non-farm payrolls, being one of the major data points in the month, is a great case in point.

There are many factors and of course the key one for you as an individual trader is your chosen vehicle you are trading (and of course direction i.e. long or short for open positions). The context of today’s impending non-farm payrolls from a market perspective is interest rate expectations going forward. This week the Fed gave the market the expected.25% cut that was already priced into currency, bond and equity market pricing.

The market response however, as this was already priced in, was as a result of the accompanying statement which was not as dovish as perhaps anticipated and a reduction in expectations of a further imminent cut. From an equity market point of view the result, despite the interest rate cut, was to sell off, whereas from the USD perspective this lessening expectation of further rate cuts was bullish. Perhaps this could be viewed as contrary to what the textbooks would suggest is a standard response.

So, onto todays non-farm payrolls (NFP) figure… Logic would suggest that a strong number is good news for the economy, and so should be positive for equities and perhaps bearish for USD. However, as this may be a critical number in the Feds decision making re. interest rate decisions, a strong NFP is likely to have the opposite effect. A weaker number is likely to be perceived as potentially contributory to thinking that another rate cut may be prudent sooner and so despite on the surface being “bad news”, it would not be surprising to see equities stronger and USD weaker.

It remains to be seen of course what the number is and the actual response but is perhaps a lesson in seeing new market information within the potential context of the current economic circumstances and of course incorporate this in your risk assessment and trading decision making.

It has been an eventful week over in the United States this week. Some of the major companies, including Microsoft, Apple, Facebook, and Tesla announced their latest earnings. The Federal Reserve kept their interest rates unchanged at 0.25%.

We also saw the US GDP expand by 4% in Q4 of 2020. However, these were not the most talked-about events this week. Major hedge-funds on Wall Street were left with huge losses after it bet against a struggling American gaming company GameStop by short-selling its shares.

What is short-selling? Short-selling is when an investor speculates that a stock or security will fall in price in the future. The investor borrows the stock or security from a broker and immediately sells it with the hope of buying it back at a lower price.

Gains from short selling are limited as a stock can only go to 0. The losses do not have a cap as there is no limit as to how high a stock’s price may jump. What happened?

The ''short'' bet did not pay off for the big players on Wall Street after amateur traders rallied together on social media sites to take on the hedge-funds and pump the price of gaming retailer GameStop to new levels. The share price of the GameStop has surged by over 1,550% this year alone after trading at $17 at the beginning of January. The stock ended the trading day at the $193 level on Thursday, rising up to the $261 level in post-market hours.

The White House said it was ''monitoring'' the latest price surge in GameStop and other stocks. Hedge-funds and others that bet against GameStop have collectively lost more than $5bn, according to data analytics company S3. Source: TradingView It is an interesting time on Wall Street and it is definitely worth keeping an eye on the future developments moving forward.

One of the must-watch economic events this week will be the Bank of Canada interest rate decision. The decision is scheduled to be announced on Wednesday at 14:00 PM London time. It will be the first meeting since the new United States–Mexico–Canada Agreement (USMCA).

The bank has increased its interest rates four times since July of last year, so will there be another hike? Why Is The Announcement Important? A bank interest rate is a rate at which a countries central bank lends money to local banks.

The interest rate is charged by nations central or federal bank on loans advances to control the money supply in the economy and the banking sector. The Bank of Canada has an inflation target of 1% to 2% (currently 2.8%), and the interest rates are changed accordingly to meet the target. Therefore, the Bank of Canada’s and other central bank rate decisions can have a significant impact on the financial markets.

Expectations In a recent speech, Stephen Poloz, the Governor of Bank of Canada said he continues to believe gradually increasing interest rates is the right approach. According to the latest forecasts, it is highly anticipated that the Bank of Canada will raise its interest rates in the upcoming meeting from 1.5% to 1.75%, potentially a fifth rate hike since July 2017. "We expect the Bank to hike this month, in addition to hiking four more times in 2019, as the BoC’s measure of core inflation touched 2.0% for the first time since 2012 in August and is facing increased capacity constraints," said Daniel Hui, an analyst at J.P. Morgan. "This [October] hike was already well anticipated by markets even before the USMCA breakthrough (80% priced before, 90%+ priced now), so it is the forward-looking rhetoric that might imply future pace and terminal rate that is more important for markets to monitor," says Hui.

All eyes will be on the decision on Wednesday. This article is written by a GO Markets Analyst and is based on their independent analysis. They remain fully responsible for the views expressed as well as any remaining error or omissions.

Trading Forex and Derivatives carries a high level of risk. Sources: Go Markets MT4, Google, Datawrapper