Notable Earnings 5/18
Remember the theme this earnings season. Forward outlook is key. If you hear anything about negative future outlook due to supply chain, inflation, russian war, etc. When you hear this on the earnings calls this season then the share prices get punished greatly. Hence $Walmart (WMT.US)$ dropping more than it has dropped in over 35 years after reporting inflation effecting revenue negatively. Conversly $Home Depot (HD.US)$ and $United Airlines (UAL.US)$ increased future guidance and there share prices soared initially after the news was released. So listen for increased guidance as well.
$Cisco (CSCO.US)$
This is a big boy tech company. Tech has been getting killed lately. But we seem to be in a very small relief rally where tech is outperforming so your might find a very short term trade off of these earnings. And this stock is heavily allocated in the major indices and other etfs so its earnings reaction could help or hinder the broader market.
$Lowe's Companies (LOW.US)$ $Target (TGT.US)$ $TJX Companies (TJX.US)$ $Bath & Body Works (BBWI.US)$
Retail numbers were good yesterday so we should watch these retail related companies for some movers. Home Depot had a good earnings reaction yesterday so watch for Lowes to follow suit. Target might have the same troubles as Walmart as they tanked yesterday after earnings were released.
$Nordic American Tankers (NAT.US)$ $Marine Petroleum Trust (MARPS.US)$
Commodities related companies earnings have quite good in most instances. I like NAT listed below. It share price has been rallying with commodities the past few months with nice smooth trend lines to trade off of. It is currently in mid range so the earnings release could send the price either direction. But I have etched out some possible price action moves I am watching out for to play off of this price channel.
$Cisco (CSCO.US)$
This is a big boy tech company. Tech has been getting killed lately. But we seem to be in a very small relief rally where tech is outperforming so your might find a very short term trade off of these earnings. And this stock is heavily allocated in the major indices and other etfs so its earnings reaction could help or hinder the broader market.
$Lowe's Companies (LOW.US)$ $Target (TGT.US)$ $TJX Companies (TJX.US)$ $Bath & Body Works (BBWI.US)$
Retail numbers were good yesterday so we should watch these retail related companies for some movers. Home Depot had a good earnings reaction yesterday so watch for Lowes to follow suit. Target might have the same troubles as Walmart as they tanked yesterday after earnings were released.
$Nordic American Tankers (NAT.US)$ $Marine Petroleum Trust (MARPS.US)$
Commodities related companies earnings have quite good in most instances. I like NAT listed below. It share price has been rallying with commodities the past few months with nice smooth trend lines to trade off of. It is currently in mid range so the earnings release could send the price either direction. But I have etched out some possible price action moves I am watching out for to play off of this price channel.
$Beam Global (BEEM.US)$
Beam Global is a new company in the EV charging space. Compared to most other new companies that came out during the pandemic, this companies share price has held up somewhat even in this bear market. Hopefully there is a good forward outlook because these EV stocks get a lot of hype and can move big when retail sentiment is involved
$Takung Art (TKAT.US)$
Nothing notable about this company except for the massive moves this stock can make in one day. Takung art just sells art and NFT’s so if you do trade this one i surely wouldn’t hold more than 1 day.
$SPDR S&P 500 ETF (SPY.US)$ $SPDR Dow Jones Industrial Average Trust (DIA.US)$ $Invesco QQQ Trust (QQQ.US)$ $VIX Index Futures(DEC4) (VXmain.US)$ $Crude Oil Futures(JAN5) (CLmain.US)$ $SPDR Gold ETF (GLD.US)$ $iShares Silver Trust (SLV.US)$ $Tiziana Life Sciences (TLSA.US)$ $Microsoft (MSFT.US)$
Beam Global is a new company in the EV charging space. Compared to most other new companies that came out during the pandemic, this companies share price has held up somewhat even in this bear market. Hopefully there is a good forward outlook because these EV stocks get a lot of hype and can move big when retail sentiment is involved
$Takung Art (TKAT.US)$
Nothing notable about this company except for the massive moves this stock can make in one day. Takung art just sells art and NFT’s so if you do trade this one i surely wouldn’t hold more than 1 day.
$SPDR S&P 500 ETF (SPY.US)$ $SPDR Dow Jones Industrial Average Trust (DIA.US)$ $Invesco QQQ Trust (QQQ.US)$ $VIX Index Futures(DEC4) (VXmain.US)$ $Crude Oil Futures(JAN5) (CLmain.US)$ $SPDR Gold ETF (GLD.US)$ $iShares Silver Trust (SLV.US)$ $Tiziana Life Sciences (TLSA.US)$ $Microsoft (MSFT.US)$
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LuckyPiggie : Walmart down 11% ... cost of goods up .
But to the commoner , they would be thankful Walmart didn't up their price.
LuckyPiggie : target ... 20% drop
LuckyPiggie : who said stapler stocks are safe
SpyderCall OP LuckyPiggie : Yea these are huge drops. This is not defensive at all. These are great stocks to hold too. BIG DROPS
SpyderCall OP LuckyPiggie : I go to Walmart all of the time. They are still cheaper during these inflationary times
SpyderCall OP LuckyPiggie : But these days people are only buying food there. They aren’t buying anything else
Sianzsation : Target down, mission accomplished. Seriously buy what also get shaken. This market is like a ship navigating thru a typhoon
SpyderCall OP Sianzsation : Its like the titanic that still doesnt see the iceberg that already hit it
SpyderCall OP Sianzsation : Wow tens of billions of dollars just gone in a few minutes. I dont even know what to say. So many billions whipped from the market these past two earnings season so far
Sianzsation : Rather then consider it a loss, Covid has badly alter the pricing of most stocks. Now is back to reality. What they loss they earn more then enough during Covid. Don’t even know the current outlook of the US economy, all the global economy are ever so intertwined now that it’s hard to predict anything that’s how Titanic ram into an iceberg without knowing.
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