IBM surprises 💻 Stocks whipsaw 📊 Earnings: J&J, Novartis, Netflix🎬 Eurozone CPI 💡

FlowBank's hand-curated fresh financial news [header_noDither] 19.07.2022 Good morning FlowBankers! Here's the latest market news, hand-curated by our research team. The Big Story [IBM-1] IBM earnings beat with stronger-than-expected income and revenue. IBM grew its revenue by 9% year-over-year in the second quarter, and by 16% without the currency effect. The tech giant continues to expect high single-digit revenue growth, but expects less free cash flow as it takes time to adjust its prices and expects a hit from forex due to the strong dollar. The stock gave up 4% in after-hours and is down 3% year-to-date. [Start Trading](113/cXx8Z04/VWhjJw45MzD7W7Gqc4J8C_KyVW5LNP254MGN3hN74PqtV3q3n_V1-WJV7CgTv3W8ylq0g6P8GvNW89wLCM5Cx_L0W5vQcML1hbrwnW48zV3j96CPM-W8R811j2_V81PW7SMqQr99hsLyW3q8M7b6fxl8TW53cMHN8W7jp-W9lxFzq2nRPkqW2HTFNN7nsH42W8gnz3636qGGXW98kw4c6wwN3mN3RP1G0FrnfDW7-DW3Y13ZzTVW99RC2j3lKdHQW6Jvsx549hv06W5b87gL6P316lW7R0V7t73LNBLV2s8V58yf4Z7W3vx3t455DPWdW53Dqkl6fq92hW20q0Cl8DTkz-W9cLt4-3Vcg8rW5VQC4W8N1s8WW3pQbg45Xb7FQW7P0j1d59vMTW34TF1) Trader's Corner In focus • Earnings from Johnson & Johnson and Netflix could offer a clearer idea of the state of corporate margins and consumer spending. Netflix is expected to announce a loss of 2 million subscribers. • US building permits could confirm the weakness in US housing as on Monday data showed homebuilder sentiment plunged in July. • The euro could find more support if eurozone CPI data comes 'hot', putting more pressure on the ECB to withdraw stimulus. Economic data • US: building permits • Eurozone CPI • UK: average earnings index (May), claimant count change (June) Earnings • J&J, Netflix, Lockheed Martin, Halliburton, JB Hunt • Novartis, SGS, Volvo, Alstom, Eiffage • Signature Bank, Swedbank Crypto • Sentiment improved substantially. In an encouraging move, Bitcoin surpassed its resistance at USD21'700 and now needs to break through ∼USD22'250, a level which it last attempted to break on the 8th of July. • The total market capitalisation for all cryptocurrencies jumped back above USD1 trillion, an encouraging sign for crypto assets. [Table 18.07] [Start Trading](113/cXx8Z04/VWhjJw45MzD7W7Gqc4J8C_KyVW5LNP254MGN3hN74PqtV3q3n_V1-WJV7CgWLgW58983b3FyMGBW97KmS51ndh-DW2s6H727jbFHlW2VMW_294mKK6W36YbVP6w5H9rW93k9B2684hzmW5dn3Bj8Tj8gxW9lR4k76MDVttW1jHmwm7NhfghW8G2ZVZ97VXNvN3NmS8MbkfNpW5hLFb03j_Q0_W8B9VgZ8mT63TW4c1Svp2GfmTWW8QdjwZ6N2Dk3W6s0CvY5qL_CbW5KKWrZ2rjHBDW2YcX6w7xrnZ1W5msZGS8CHJG8W15P4Jw1KTqKJW5GblCM8nPYpBW2xZh_s3k1vyJV-Kg7K1-sxW3W8_blsr8FwC4kW5gTr1f5Km0F-W7tKq_J2nDlq334Dm1) Market Recap US stocks finished the day ∼0.8% lower after Apple announced it will slow hiring and spending. Although investors initially cheered up at banking earnings reassured about the strength of the consumer. Sentiment remains fragile with traders assessing recession risks. Oil (+4.6%) and yields advanced on an improved growth outlook and optimism from China taking steps to address its mortgage strike. The euro jumped 0.6% against the dollar as the outlook of the region improved. Gold hovered at just above USD1'700 on a strong dollar. This morning, futures contracts are slightly higher for US stocks. European stocks are set to open lower as investors digest Apple's plan to slow hiring. The euro is holding onto its gains, ahead of inflation data. Chart Of The Day Looking ahead to the Nasdaq100, first, there are Tesla and Netflix, earnings this week, followed by Apple, Microsoft, Amazon, and Alphabet, next week. On the technical picture, the Nasdaq has regained a short-term uptrend, a bit challenged after the Apple warning. It is fast approaching resistance at ∼12'200. A daily close above 12'260 could signal more gains ahead. Aggressive short positioning and high levels of cash seating on the sidelines could also add fuel to the potential rally. [NQ 18.07](113/cXx8Z04/VWhjJw45MzD7W7Gqc4J8C_KyVW5LNP254MGN3hN74Pqth3q3npV1-WJV7CgJjmW2QlRkt4cN7hmV1D_gS8QGBTBMn7tp2pV5TpW8RCkLG39XPq6V7F0qw18Vp-bW6xD-FB3kz3Y4W3g4bpP1Ljs_QW8H2Z1K2Kk1N5W3mjr5Y8zCJJmW47PWmk3C4lW6W2PfBjS8dJPZxW7886M56fnDYtW38_krG62Qb5nW95lrjt1nF6bNW5fT1f_1NLmGkW2-n1TB15m9n0W4J8F-n6z2-ysW4myWh869B0w2W60wYZ22X59XkW8brldB88TmgdW67WWfb6vWMTFW1P3mrV46PDxW3pKW1) FlowBank Blog Will Google’s fast-growing YouTube Shorts take over? [Shorts main](113/cXx8Z04/VWhjJw45MzD7W7Gqc4J8C_KyVW5LNP254MGN3hN74Pqv93q3phV1-WJV7CgRLKW52_c5l20spZ-W13yZfm7kdVTMW33k83k9hm_SvW4mjnMP8NhKlyW1KF4MX4BKWP2W4cYzy81_09r4W6Bp0cj71YrvpW9kM9-l5FXnQHW4K84gf9hg-TTW2z_-bd2rJpZZVTXg0l40vTtrW7qPBPS6VzfG7W87Ck4F2DJ2q9W8sC8rz59TP1xN8j-nBmfTncCF8Blt2Pys-wW4sPfNC7vMZQnW31-RWX4QZNfkW58CR1Q8GzmP-W6YwM278vgNr9W8PfLwL10WB-ZVkbm1V5cjdzyW1WX0f18ZHTynW5-mYcL8DLdGRW2bzfnF45fV26W3XvDrb5tG1CPVWt0dN7gvH0HVqLQ7b8VDbY23jY71) YouTube’s short-form video-sharing platform YouTube Shorts launched in the US just 15 months ago, but it is already soaring. Does it have the power to take on the competition and deliver significant sales for Alphabet? 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