Money & Markets Week Ahead Week of August 30, 2021: Preview Zoom earnings as workers slowly return to the office.
We will also look at how the initial public offering (IPO) market has progressed so far in 2021. We also expect consumer confidence, which is an important economic indicator.
Take a look at some of the key market insights a week ahead on Wall Street.
Forefront of IPO: Until 2021
NS Initial public offering The (IPO) market was busy in 2021.
So far, 2021 has been priced at 277 IPOs with a market capitalization of more than $ 50 million (stock value multiplied by issued shares). Renaissance Capital.. This is an increase of almost 152% from the same period last year.
These IPOs have generated over $ 96 billion in revenue. That’s almost $ 20 billion more than everything collected in 2020.
However, in the chart below, you can see that the profits of the IPO market are chilling.
The Renaissance Capital IPO Index shows a 47% increase over the last 12 months, compared to a 33% increase for the S & P 500.
Airbnb (Nasdaq: ABNB) And Coinbase Global Inc. (Nasdaq: coin) Announced in the first quarter of 2021 from the end of 2020. It tracks overall market trends. More activity is seen in financial markets from winter to spring, but activity slows in summer.
There are several big IPOs scheduled for later this year, including Instacart, Nextdoor, Stripe and Discord.
Deep Dive: Zoom Revenue
Investor After COVID-19 made a big difference in business functions in 2020, I made a lot of money by working from home.One of the biggest beneficiaries of this investment trend Zoom Video Communications Inc. (Nasdaq: ZM)... I will report my earnings on Monday.
Zoomstock rose 350% from early April to mid-October 2020.
Zoom stock is flat
It trades over $ 200 per share, below its peak. The revenue should give you a glimpse of how you’re handling the shiftback to the office.
Zoom’s finances looked good. It recorded a series of revenues and revenue beats. The most recent price-earnings ratio reported an increase in earnings per share of $ 1.32. This is completely 32% higher than the expected 99 cents.
Revenue is the same. It brought $ 965 million in the quarter to April 2021 and exceeded expectations by $ 50 million. Looking at Zoom’s balance sheet, total assets have more than doubled to $ 5.3 billion since the quarter to July 2020.
Zoom Revenue Skinny
Employees are slowly returning to the office. Delta Variant is throwing a wrench in these plans. (Many large companies have already postponed their return until early 2022.) Zoom’s earnings announcement on Monday should reflect some of this change.
Zoomstock has leveled off after the explosive growth of 2020. Next, let’s look at how we plan to sustain that growth when the world returns to normal.
Data dump: consumer trust
Consumers drive economic growth. Private consumption accounts for more than two-thirds of the United States’ gross domestic product (GDP). Bureau of Economic Analysis..
Consumers are the economy
on Tuesday, Meeting committee We release a monthly consumer confidence survey in August. The report details consumer attitudes, how they plan to spend money, stock market expectations, interest rates and inflation.
With consumers driving nearly 70% of economic growth, this survey is a great one-stop shop for gaining insights into economic recovery.
The July consumer confidence survey was flat, but the reported 129.1 reading was 5 basis points higher than expected. July measurements were the highest since February 2020, before the COVID-19 pandemic.
Consumers are still optimistic about short-term growth, but concerned about inflation in the coming months, said Lin Franco, senior director of economic indicators at The Conference Board. She also said that the majority of consumers surveyed are planning large-scale purchases of homes, white goods, cars and more, which will boost economic growth by the second half of 2021.
skinny: With the influx of new delta variant cases, the August Consumer Confidence Survey should be a good indicator of attention. You can see if consumers are returning to savings mode or are ready to push the economy further.
Economists expect measurements to be around 124. Contextually, the index fell to 85.7 in April 2020 and did not exceed 100 until March 2021.
Finally Money & Markets Week AheadLet’s take a look at some keys here Revenue This Week’s Report:
Zoom Video Communications Inc. (Nasdaq: ZM).
H & R Block Inc. (NYSE: HRB).
Crowdstrike Holdings Inc. (Nasdaq: CRWD).
NetEase Inc. (Nasdaq: NTES).
Designer Brands Inc. (NYSE: DBI).
Chewy Inc. (NYSE: CHWY).
Asana Inc. (NYSE: ASAN).
Five Below Ink (Nasdaq: Five).
Broadcom Inc. (Nasdaq: AVGO).
Lululemon Athletica Inc. (Nasdaq: LULU).
Hewlett Packard Enterprise (NYSE: HPE).
American Eagle Outfitters Inc. (NYSE: AEO).
DocuSign Inc. (Nasdaq: DOCU).
Domo Inc. (Nasdaq: DOMO).
Assistant Managing Editor, Money & Market
Zoom Earnings + Consumer Confidence Source link Zoom Earnings + Consumer Confidence