US OPEN: Wall Street mixed ahead of FED decision

• US stocks launched session in mixed moods
• FOMC to announce monetary policy decision at 7:00 pm BST
• Earnings from Facebook after market close

US stocks lack direction after mixed results from large technology and internet giants, with investors awaiting the FOMC monetary policy decision later in the day. Earnings from Microsoft, Alphabet and Apple topped analysts' estimates  although shares from the iPhone maker were in the red on growth concerns. Ford and Facebook will report quarterly figures after market close. Today market attention will focus on the FOMC meeting. Central bank is expected to leave both rates and QE unchanged, although investors will be looking for any discussion regarding reduction of the QE program.

US100 fell sharply during yesterday's session after the index broke below the uptrend line. However sellers failed to uphold momentum and index bounced off the major support at 14,800 pts which is additionally strengthened by 50 SMA (green line). Currently US100 is testing major resistance at 15,000 pts. Should a break higher occur, then upward move may accelerate towards all-time highs at 15,132 pts. Source: xStation5

Apple (AAPL.US) reported Q2 EPS at $1.30 (exp. $1.01) and revenue at $81.41 billion (exp. $73.30 billion). iPhone sales were 49.8% YoY higher at $39.57 billion while services revenue jumped 33% YoY at $17.48 billion. However, stock dropped in after-hours trading after Apple said that chip supply will affect iPhone sales in Q3 2021. Shares fell 0.8% in the premarket.

Alphabet (GOOGL.US) reported Q2 EPS at $27.26 (exp. $19.34) and revenue at $61.88 billion (exp. $56.16 billion). Total ad revenue increased almost 70% YoY, to $50.44 billion. YouTube ad revenue reached $7.0 billion (exp. $6.37 billion). Shares rallied more than 3.0% in the premarket.

Microsoft (MSFT.US) reported Q2 EPS at $2.17 (exp. $1.92) and revenue at $46.15 billion (exp. $44.24 billion). Cloud revenue jumped 30% YoY to $17.38 billion (exp. $16.33 billion). Shares rose 1.5% in the premarket.

McDonald’s (MCD.US) stock fell 1% in premarket despite the fact that the company posted upbeat quarterly figures. The restaurant chain earned $2.37 per share, while analysts’' expected earnings of $2.11. Revenue also beat market estimates. U.S. same-store sales jumped nearly 26.0%.

Boeing (BA.US) stock rose more than 2.0% in the premarket after the aerospace company posted an unexpected profit of 40 cents per share, with analysts expected 83 cents per share loss. Revenue also topped market consensus, helped by higher jet deliveries and stronger results from the company’s defense and global service operations.

Pfizer (PFE.US) stock rose 0.70% in premarket after the drugmaker posted solid quarterly results. Company earned 97 cents per share beating Wall Street estimates of 87 cents per share. Revenue also came in above market projections. Company lifted its full-year guidance, anticipating continued strong sales of its Covid-19 vaccine.

Mattel (MAT.US) stock jumped more than 5% in premarket after the toymaker posted solid quarterly earnings and  raised its full-year forecast. Company expects higher demand for its Barbie and Hot Wheels brands, even as it plans to raise prices.

Mattel (MAT.US) stock recently broke above the upper limit of the wedge formation and 200 SMA ( red line). Today, one can see that the upward move is being continued after US open. Stock launched the session with a bullish price gap and is heading towards resistance at $23.15. Source: xStation5