empty
 
 
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Open Account

20.10.202014:48 Forex Analysis & Reviews: Shake Markets: Procter & Gamble and Netflix Reports

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 20.10.2020 analysis

The Dow Jones fell more than 400 points in the afternoon session after it became clear that Tuesday's deadline for reaching an agreement would likely not make steady progress.

With only a few weeks left until the elections, it looks like an agreement won't be reached until late fall.

Also on Tuesday, Procter & Gamble and Netflix will provide reports, and housing start data for September is due to be released.

Here are three events that could affect the market on Tuesday.

1. Demand for cleaning products is likely to drive P&G growth.

Procter & Gamble will provide an income statement ahead of the stock exchange, and analysts expect the company's earnings per share to be $ 1.41 on revenue of $ 18.3 billion.

The giant consumer goods manufacturer is capitalizing on the demand for household cleaning products from brands like Swiffer, Mr. Clean and Comet, as they are especially relevant during quarantine and lockdown.

2. Streaming video is one of the biggest "winners" of the pandemic period

Netflix, the popular video streaming service, will also report on Tuesday after the market close. According to analysts, its earnings per share will be $ 2.13 on revenue of $ 6.4 billion.

This is another company whose shares rose during the lockdown, which led to a significant increase in the number of subscribers.

3. The volume of new housing in September will grow

One of the established trends during the pandemic period is that people are moving from cities to suburbs or rural areas, which increases the number of existing real estate as well as new construction.

US housing start data for September is due out at 08:30 am ET (12:30 GMT). Profit is expected at 1.457 million, slightly up from 1.416 million in August. In the summer, after the spring calm, housing construction recovered strongly.

Thomas Frank
Analytical expert of InstaForex
© 2007-2024

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.




You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.

Turn "Do Not Track" off