What to watch Payment giants: Rivals Visa and Mastercard both deliver their third-quarter earnings reports on Wednesday, with the latter marginally ahead in the share price stakes in 2020 so far. Both firms are dependent on payments volume, to which a recession poses a threat, and the companies’ results will provide a window into the…
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What to watch Microsoft: Microsoft’s share price has gained 33% this year, with the $1.6trn market cap giant helping propel the broader market higher. As with many of the other major tech names, its momentum has stalled of late, with the firm’s share price only advancing 3.1% in the past three months. The company’s cloud…
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What to watch Twilio: Cloud-based platform firm Twilio, which allows software developers to embed voice, messaging, video and other communication services into applications, has seen its share price surge more than 200% in 2020. The shift to a virtual world due to the pandemic has clear benefits for the firm, and earlier this month multiple…
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What to watch American Express: Today, credit card and financial services firm American Express delivers its third-quarter earnings report. The company is dependent on consumer spending and credit card transaction volumes, which the pandemic has generated significant headwinds for. American Express stock is down more than 15% in 2020 so far, although it has rallied…
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What to watch Intel: Chipmaker Intel has lagged the broader index year-to-date, with its share price down more than 10% in 2020. One point of interest will be the company’s planned sale of its flash memory business, for $9bn, that was revealed over the past week. Investors will be watching for details of how the…
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What to watch Around 30 US companies with a market cap greater than $10bn report quarterly earnings today, including Biogen, Thermo Fisher Scientific, Chipotle and more. In the UK on Thursday, Unilever’s earnings will be one to watch. Tesla: Tesla’s earnings report today will be one of the most hotly watched this earnings season, after…
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What to watch Netflix: One of the success stories of the pandemic, Netflix’s share price has soared by 64% in 2020 as consumers stuck at home turned to streaming services. A challenge that is becoming more pressing as the Covid-19 pandemic has worn on is the company’s ability to create and serve up fresh content…
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What to watch IBM: IBM’s post-market close earnings report today will be an interesting one, after the firm announced on October 8 that it plans to spin off its IT outsourcing business. That division accounts for $19bn of the firm’s $59bn in revenue, according to MarketWatch. It leaves behind a hardware, software and services business…
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What to watch BNY Mellon: Continuing the run of earnings reports this week from major US banks, Bank of New York Mellon delivers its own quarterly earnings update on Friday. The company is down 26% year-to-date, behind the broader financial sector’s 18.9% drop but ahead of the 34.5% loss suffered by banks specifically. In recent…
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What to watch Intuitive Surgical: Medical robotics firm Intuitive Surgical’s stock has gained 27% this year, despite Covid-19 disrupting large numbers of medical procedures. The company delivers its latest quarterly earnings update today, where the volume of procedures amid a resurgence in Covid-19 case numbers in several states across the US. Investors will also be…
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