CFDs and Spread Bets are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.5% of retail investor accounts lose money when trading CFDs and Spread Bets with this provider. You should consider whether you understand how CFDs and Spread Bets work and whether you can afford to take the high risk of losing your money. Please seek independent advice if necessary.

Market Insights

Daily finance news update

OPEN LIVE ACCOUNT

Earnings Season: Apple and Amazon are in Focus This Week

August 09,2022 14:55:47

Big tech giants in the US; Apple and Amazon are set to announce their earnings for the latest quarter this week. Although rising supply chains issues are expected to have impacted the numbers for the quarter, traders will still keep an eye on the extent of damage these disruptions have had on company performance.

Apple has been seeing significant supply chain disruptions, with the company’s management saying during the fiscal Q2 earnings call that supply shortages might have a much worse impact on the Q3 performance than in Q2.

Analysts are expecting Apple to report quarterly revenue of $82.5 billion, which would be just 1% higher than a year ago, with earnings of $1.15 per share. Apple will release its earnings report on July 28, 2022.

Amazon is also scheduled to release its Q2 earnings on Thursday, July 28, 2022, with analysts expecting revenue of $119.5 billion, just 4% higher than a year ago. Profits for the quarter are expected to come in at $0.16 per share. Markets are projecting a slight year-over-year drop in its core e-commerce business, which is seeing some softness in consumer demand and worsening macroeconomic conditions.

Are you ready to trade market moves?

Contracts for Difference (CFDs) are a popular way to trade the stock markets because they allow traders to speculate on both rising and falling stock prices. Plus, since you don’t need to take ownership of the underlying stocks, you can trade at a fraction of the cost of buying individual stocks.

You can also choose to invest in indices, like the S&P500, Nasdaq 100, Dow Jones and more, via CFDs. Index trading offers exposure to an entire economic segment or market, helping to diversify your portfolio with a single trade. Make the most of trading opportunities in the equity, forex and commodities markets with CFDs.

Start trading US shares like Apple and Amazon on Vantage with 0$ Commissions

Fast & easy account opening

  • Register

    Choose an account type and submit your application

  • Fund

    Fund your account using a wide range of funding methods.

  • Trade

    Access 1000+ CFD instruments across all asset classes on MT4