Notable Earnings 5/5
There are some good ones Thursday. A couple big names in tech. Remember that tech earnings are either a make or break in this high interest rate environment. Bad earnings are severely punished. Even if they beat estimates if they point towards a troubled second quarter then they might get punished as well. That goes for most earnings in this bear market. Especially tech so be careful. Basically these tech companies must show that that are making revenue and future revenue is a sure bet despite inflation, the war, interest rate hikes or whatever you believe is causing this market chaos.
$Block (SQ.US)$ $Wayfair (W.US)$
Be careful in investing in tech in this bear market. Some might consider SQ cheap but these tech companies have fallen so much. Then their earnings come out. Then they fall some more. But SQ is poised for a break out of this short term price channel if it has a strong positive reaction off of earnings.
$Block (SQ.US)$ $Wayfair (W.US)$
Be careful in investing in tech in this bear market. Some might consider SQ cheap but these tech companies have fallen so much. Then their earnings come out. Then they fall some more. But SQ is poised for a break out of this short term price channel if it has a strong positive reaction off of earnings.
Plenty of big names in the energy space reporting tomorrow, mostly natural gas. We should be able to expect good profits for these companies due to the surge in commodities prices. But if the market already priced in too much upside then some of these earnings could disappoint expectations.
$ConocoPhillips (COP.US)$ $National Fuel Gas (NFG.US)$ $Suburban Propane (SPH.US)$ $Dominion Resources (D.US)$ $EOG Resources (EOG.US)$ $Natural Resource (NRP.US)$ $New Jersey Resources (NJR.US)$
COP has been rallying with oil naturally. It had a massive bear trap after a momentous break below a wedge pattern on the daily candles. It rocketed back up as if the company knew the EU ban was about to happen. Watch for all time highs to be broken soon.
$ConocoPhillips (COP.US)$ $National Fuel Gas (NFG.US)$ $Suburban Propane (SPH.US)$ $Dominion Resources (D.US)$ $EOG Resources (EOG.US)$ $Natural Resource (NRP.US)$ $New Jersey Resources (NJR.US)$
COP has been rallying with oil naturally. It had a massive bear trap after a momentous break below a wedge pattern on the daily candles. It rocketed back up as if the company knew the EU ban was about to happen. Watch for all time highs to be broken soon.
$Crocs (CROX.US)$ $GoPro (GPRO.US)$
CROX has clear technicals to trade off of. Watch for earnings momentum to change the short term price trend.
CROX has clear technicals to trade off of. Watch for earnings momentum to change the short term price trend.
The food industry has been effected with soaring food prices due to the commodities boom. And restaurants will be interesting to watch since they have never truly recovered from the pandemic. Travel and leisure earnings have not disappointed so far last quarter so maybe the restaurant industry can get some of the tourism profits during the pick up in travel.
$Farmer Bros (FARM.US)$ $Kellanova (K.US)$ $Monster Beverage (MNST.US)$ $Papa John's (PZZA.US)$ $Potbelly (PBPB.US)$ $Chuy's Holdings (CHUY.US)$ $Texas Roadhouse (TXRH.US)$
Kellog trades off of the technical levels like a dream sometimes. It recently broke trend to the downside but rebounded off of a long term trending support. It appears to be forming a wedge pattern that it could rip out of off of a strong earnings reaction. You would think that this behemoth in the food industry would have increased profits due to increased food commodity prices. Hopefully the market didn’t price in too much profits before earnings. I’m feeling bullish on this one but if tech is going to outperform this week then value companies like this one might underperform.
$Farmer Bros (FARM.US)$ $Kellanova (K.US)$ $Monster Beverage (MNST.US)$ $Papa John's (PZZA.US)$ $Potbelly (PBPB.US)$ $Chuy's Holdings (CHUY.US)$ $Texas Roadhouse (TXRH.US)$
Kellog trades off of the technical levels like a dream sometimes. It recently broke trend to the downside but rebounded off of a long term trending support. It appears to be forming a wedge pattern that it could rip out of off of a strong earnings reaction. You would think that this behemoth in the food industry would have increased profits due to increased food commodity prices. Hopefully the market didn’t price in too much profits before earnings. I’m feeling bullish on this one but if tech is going to outperform this week then value companies like this one might underperform.
I love a clear trend to trade off of. Uptrend was broken and MNST appears to be ranging in anticipation of earnings. It has been in a healthy rally lately so possible short term downside off of a bad earnings release could be understandable.
Travel, Leisure, and Entertainment related companies had it hard during the pandemic. Never truly recovered although they are gaining ground. Definitely worth the watch.
$Penn Entertainment (PENN.US)$ $Live Nation Entertainment (LYV.US)$ $World Wrestling Entertainment (WWE.US)$ $Royal Caribbean (RCL.US)$ $SeaWorld Entertainment (SEAS.US)$ $Yelp Inc (YELP.US)$ $Republic Services (RSG.US)$ $Zillow-C (Z.US)$
Earnings coming out near a strong resistance level of a very wide range. I hope this one has very bad earnings so i can short it all the way down to support of this huge range.
$Penn Entertainment (PENN.US)$ $Live Nation Entertainment (LYV.US)$ $World Wrestling Entertainment (WWE.US)$ $Royal Caribbean (RCL.US)$ $SeaWorld Entertainment (SEAS.US)$ $Yelp Inc (YELP.US)$ $Republic Services (RSG.US)$ $Zillow-C (Z.US)$
Earnings coming out near a strong resistance level of a very wide range. I hope this one has very bad earnings so i can short it all the way down to support of this huge range.
$Bilibili (BILI.US)$ $Kaixin Holdings (KXIN.US)$ $DiDi Global (Delisted) (DIDI.US)$ $Baidu (BIDU.US)$ $RLX Technology (RLX.US)$ $Chindata (CD.US)$ $Li Auto (LI.US)$ $Alibaba (BABA.US)$ $Tencent Music (TME.US)$ $JD.com (JD.US)$ $NIO Inc (NIO.US)$ $PDD Holdings (PDD.US)$ $Futu Holdings Ltd (FUTU.US)$ $SPDR S&P 500 ETF (SPY.US)$ $SPDR Dow Jones Industrial Average Trust (DIA.US)$ $Invesco QQQ Trust (QQQ.US)$ $CBOE Volatility S&P 500 Index (.VIX.US)$ $Crude Oil Futures(JAN5) (CLmain.US)$ $Hang Seng TECH Index (800700.HK)$ $Hang Seng Index (800000.HK)$ $SSE Composite Index (000001.SH)$ $SSE 50 Index (000016.SH)$ $CSI 300 Index (000300.SH)$
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Trade the trends via technical, fundamental, and macro analysis. Day Trades, swing trades, and long-term investments.
19KFollowers
2987Following
34KVisitors
Follow
solo invest : Good stuff. Which ones do you like the best? And for which direction?
SpyderCall OP solo invest : Oil is jumped hard over night so I’m feeling bullish on oil again after the EU ban. So COP bullish
K should make money during inflation just like all the other big value companies in the food industry. So bullish on K
I like MSTR for any direction it picks after earnings. Ill wait for the break of the range it appears to be forming.
I’m just hope WWE has a terrible earnings because there is a long way down for that one. So bearish on WWE.
I dont like SQ or CROX yet. Ill wait and see what they say on their earnings report before I can rid of my indifference at the moment
SpyderCall OP solo invest : But then again I’m still curious if the market fully digested the feds rate hike decision.
SpyderCall OP : And im not getting anything before earnings.
SpyderCall OP : And most of the time it doesnt matter what earnings reports say. The market can do whatever it wants![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
solo invest : It’s hard to feel like shorting to many things after a crazy rally like yesterday. Big moves up
SpyderCall OP : You are so right![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
102824031 solo invest : going to collaspe soon
solo invest 102824031 : It’s looking like it is on the cusp of collapsing