Today we publish This Week’s Financial Events November 7-11 (2022). The most important reports to check are Activision Blizzard, UK GDP data, AMC Theatres, and Beyond Meat earnings. Stay tuned, and plan to trade those stocks this week.
Blizzard, AMC & Beyond Meat Q3 Earnings
The game developer hasn’t had a good time lately. It has lost 2.36% of its market cap in the last three trading days, plus Microsoft’s takeover of Blizzard is looming. Will the earnings from Monday, November 7, reverse this decline?
On Tuesday, November 8, AMC Theaters will publish its earnings. A network of multi-screen cinemas operating in the northern USA. AMC has hit rock bottom with the lockdown of theaters in Q2 2020, but revenues after the pandemic are uneven. Wall Street predicts AMC will present a 28% year-on-year rise in revenue to $ 977.5 million in the third quarter.
Beyond Meat is expected to announce earnings following the market close on Wednesday, November 9. Analysts expect the company to show a profit for the third quarter of $ 1.11 per share. For current stock prices, go to SimpleFX.
This Week’s Financial Events November 7-11 (2022): Q3 GDP in Great Britain
Two days later, on Friday, November 11, Great Britain will publish its GDP estimates for the third quarter. In line with the forecast, we expect a decline of 0.25%, which may be corrected later. It is worth adding that Q2 GDP data was recently revised from -0.1 to 0.2%, taking into account concerns about the recession in the UK.
