dirhams & dollars

Results week: Tech stocks look to continue Davos euphoria

Facebook, Amazon, Google, and Microsoft look to emulate Netflix’s 2017 blockbuster success

20:36 January 28, 2018
 The New York Stock Exchange.

Dubai: This week, several key companies are expected to announce their full year results for 2017, Donald Trump will deliver his first State of the Union, the annual presidential address to the US government, and Janet Yellen will step down as chairwoman of the US Federal Reserve after four years in the position.

Among the companies expected to turn in their financial results are four major tech stocks: Facebook, Alphabet (formerly Google), Amazon, and Microsoft.

We discuss what might lie in store when they file their results, especially given Netflix’s blockbuster performance, announced last week.

We also take a look at some of the local results, including Abu Dhabi Commercial Bank (ADCB) and Mashreq which were released on Sunday, and what to expect from First Abu Dhabi Bank and other banks when they post their numbers later this week.

What do we know about Trump’s State of the Union?

Not a lot as of yet, except that he is likely to take credit for much of the economic success that the US is currently enjoying.

With some observers predicting a more conciliatory tone from the often-fiery president, one US media outlet warned its readers to always be on alert when Donald Trump steps foot in front of a television camera.