As more traditional automakers enter the electric vehicle (EV) market, there's a risk of increased competition and market saturation. This could lead to price wars and reduced profit margins for Tesla. Established automakers may leverage their existing brand recognition and customer loyalty to gain an advantage over Tesla. How will Tesla’s earnings on Tuesday match up to this risks?
The CEO aims to save $6 billion in staff costs. UBS's shares fell due to proposed regulatory reforms, potentially resulting in a $20 billion capital hit. The restructuring process, coupled with the merger of parent banks and subsidiaries, makes 2024 a challenging year for the bank.
On Wednesday we have UK services inflation data out. If we see the print come in much higher than markets are expecting that will mean that rates markets will start to look for a higher for longer rate narrative and that should lift the GBP against the USD as yield differentials narrow.
In the early 2000s, Netflix shifted its focus to streaming media, launching its streaming service in 2007. On Thursday Netflix will release their earnings after the close. The outlook for Netflix is weak now with an average fall of nearly 8% over the last 15 years.
Tesco aims to remain competitive in Britain's crowded grocery market by strategically cutting prices and matching competitors like Aldi. The question is as follows though: will Tesco repeat it’s strong seasonal pattern again this year? Will the key support levels marked find buyers?
Boeing and Airbus have historically been the two largest commercial aircraft manufacturers globally, with Boeing dominating the North American market and Airbus having a significant presence in Europe and other parts of the world. At the moment, the serious manufacturing issues plaguing Boeing has resulted in upside for Airbus shares. See the strong gains the stock has been making below!
The company has a strong portfolio of prescription medicines, vaccines, biologic therapies, and animal health products. Merck has a very strong seasonal pattern coming up. Will Merck’s mighty seasonals play out again this year ?
Nvidia has been at the forefront of technological innovation in various sectors, and its products and technologies have had a significant impact on industries ranging from gaming to artificial intelligence. Nvidia has a seasonally weak pattern around this time of the year.
The PCE index includes a wider range of goods and services compared to other inflation measures, such as the Consumer Price Index (CPI).
Could the USDJPY find strength this Friday if the PCE print comes in above expectations?
The oil market saw a rebound after a period of soft trading, driven by global tensions. Brent prices surged to $86/bbl following a terrorist attack in Russia, while ongoing drone strikes on Russian refineries by Ukraine kept the oil market's risk premium elevated. In the US, the number of oil rigs decreased slightly, reaching 509 for the week ended March 22, 2024.
