Downloading...
Download

Earningseason

Ichimoku Watch: Google Poised to Test Kumo CloudUpcoming Earnings Alphabet Inc. (ticker: GOOG) is scheduled to report earnings after the market closes on 23 July. The consensus Earnings Per Share (EPS) estimate for the fiscal quarter ending June 2024 is $1.85. The reported EPS for the same quarter a year prior was $1.44. Price Action Nearing Ichimoku Cloud The stock is poised to register its first losing month (down -2.2% month to date) following four consecutive winning months. Price action has dipped beneath the Conversion Line (blue at $185.76) and the Base Line (red at $184.47); of note, the former has yet to cross beneath the latter (which can be viewed as a bearish signal). Price movement also remains below the Lagging Span (dark green at $179.39), a bullish signal, and the stock is nearing the Ichimoku Cloud, which has been in play since the Leading Span A (light green at $185.11) crossed above the Leading Span B (light orange at $179.54) at the beginning of May. The Ichimoku Cloud can offer traders a dynamic support area in uptrends. Another observation worth highlighting is the support level located within the Ichimoku Cloud at $173.05. Price Direction? In light of the visible uptrend, a test of the Ichimoku Cloud could be a factor that prompts buying. Buyers will also likely want to have support tested at $173.05 and also the Conversion Line cross back above the Base Line (by the time the price reaches the Ichimoku Cloud, the Conversion Line would have crossed below the Base Line); traders use an upward crossover as additional strength confirming the Ichimoku Cloud.
NASDAQ:GOOGLong
by FPMarkets
X United States Steel Corporation Options Ahead of EarningsIf you haven`t bought X here: Then analyzing the options chain and the chart patterns of X United States Steel Corporation prior to the earnings report this week, I would consider purchasing the 26usd strike price Calls with an expiration date of 2023-10-20, for a premium of approximately $1.24. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NYSE:XLong
by TopgOptions
$CASA strongest Q4 with record wireless revenueIn the fourth quarter of 2020, Casa Systems' revenue rose 7% year over year to $120.5 million. Adjusted earnings increased from $0.15 to $0.27 per diluted share. Your average Wall Street analyst would have settled for earnings of roughly $0.11 per share on sales near $107.5 million. The company booked 26 purchase orders for 4G and 5G wireless systems in the fourth quarter, making wireless products the largest revenue generator in this period at 42% of total sales. That's a significant shift from the year-ago quarter, where cable broadband equipment accounted for a leading 48% of Casa's total sales. Wireless sales nearly doubled in fiscal year 2020, while fixed telco network sales posted even faster growth of 150%. The laggard in Casa's portfolio these days is the cable networking segment, which CEO Jerry Guo sees as a "steady and consistent" contributor rather than a growth driver. www.fool.com “We had one of our strongest quarters with record wireless revenue and a healthy backlog to support our top-line growth in 2021,” finance.yahoo.com
C
by AlenCiken
$JMP killer earnings $0.45 per shareJMP Group (NYSE:JMP) stock is soaring higher on Friday after releasing its earnings report for the fourth quarter of 2020 after-hours yesterday. The most recent earnings report has JMP Group bringing in earnings $0.45 per share of on revenue of $53.62 million. Both of these are strong increases over the company’s EPS and revenue of 1 cent and $23.82 million from the same time last year. Those positive results for the quarter are easily enough to explain why JPM stock is on the rise today. However, there’s more investors should note. It looks like the company is the target of investors looking to pump and dump it on the news. Talk on social media seems to back this idea up. As a trader you have to understand the power of a catalyst. $JMP had killer earnings. finance.yahoo.com
J
by AlenCiken
$VCRA provide outstanding Fourth Quarter 2020 Financial ResultsVocera Announces Fourth Quarter 2020 Financial Results $VCRA Today reported total revenue of $56.6 million for the fourth quarter of 2020, an increase of 14% compared to last year. GAAP net income of $0.1 million compared to a GAAP net loss of $(1.7) million last year Non-GAAP net income of $9.7 million compared to $4.9 million last year Adjusted EBITDA of $13.1 million compared to $6.9 million last year Full-year bookings were $233.3 million, up 17% year-over-year Deferred revenue and backlog combined of $173.9 million as of December 31, 2020, an increase of 28% over last year Earnings per share were up 86.67% over the past year to $0.28, which beat the estimate of $0.20. finance.yahoo.com finance.yahoo.com
V
by AlenCiken
2
Ahead of Facebook Q3 Earnings - Further Drop?FB , Daily and Weekly October 30, 2018 - Andria Pichidi This will be a busy and important week in the US for data and earnings, but today’s slate is rather quiet with just CB Consumer Confidence. Earnings include Facebook, Ebay, T-mobile, Morgan Stanley, Coca-Cola, GE etc. Hence as we are in the midst of Earning Season, the focus turns today to another tech giant after Amazon and Alphabet - Facebook and its third Quarter earnings release for 2018 after today’s closing bell on Wall Street. Facebook's consensus recommendation is "strong buy", corresponding to the majority of the consensus recommendation for the Online Services peer group , as 24 out of 31 Analyst Firms recommend "Strong buy" and 3 propose the "buy" possibility, while 4 suggest remaining on hold. According to Zacks Investment Research, the social network giant is expected to have $1.47 in earnings per share during the third Quarter of 2018, which represents a decline by nearly 7% since the reported EPS for the fiscal Quarter ending September 2017.  Revenue is expected to be released at $13.78 billion, 34% up from the $3.91 billion reported the previous quarter. Aside from the EPS number, investors would probably turn their eyes exclusively to revenue and user growth outcome, as the miss on revenue and user growth the last quarter drove Facebook’s stock price down by 33%. At this stage, we have to point out that since September 2017, the company’s revenue missed expectations only once, while earnings per share always positively surprised. Despite the robust earning reports, Facebook stock price was seen sharply decreasing after the release of the earnings report the last Quarter, due to the miss of revenue, the slowdown on users growth and the huge spending on security and account fraud. The stock drifted from its $218.48 high in June 2018, to $138.78 as of today, which represents more than $200 billion in market value. The  3 months after July 22 were dramatic for Facebook, as the company had to face regulation threats, the breach of privacy for its users, the hack of millions of accounts, the suspension of misinformation, executive departures and claims from their advertisers for manipulation of video metrics. All these barriers added further pressure on stock price and caused the dramatic decline since then. Meanwhile it seems that Facebook has not managed to overcome all these problems, since new misinformation news have been announced just last Friday. Facebook is currently fighting to eliminate misinformation ahead of the US mid-term elections. Figure 2: Reprinted from Facebook Inc. Financial Highlights As privacy was one of the main aids for Facebook’s underperformance, the decline in the global Equity market also weighed on stock price – USA30 is down by 7.62% QTD and USA500 declined by 9.36% QTD. Facebook is a part of both the USA500 and USA30 indices. The nagging trade/tariff concerns appeared to be vindicated by earnings shortfalls first in the semiconductor sector, then tech more broadly as follow-up misses by momentum titans Amazon and Alphabet took a bite out of the FAANGS. Therefore along with the earnings report today, focus will be also on the conference that follows the release, regarding any remarks on the company’s growth and privacy problems. Turning to the technical side, if the company achieves accuracy with its forecast, then a positive earnings outcome without any negative surprises on revenue and users growth could attract some bulls back into the market. This could boost price action higher and hence a correction to 4-month drop could be seen. In the short term, a decisive turn to the upside could find Resistance at $154.00-$155.00 area , which reflects the confluence of 20-day SMA, but importantly the confluence of 61.8% Fib level on 2-year rally and the 61.8% Fib. extension on the massive decline which occurred on July. Further potential Resistance could come near $166.00, the 50.0% Fib. level. In the long term, after the 33% drop since July, only a spike above $176.90 could turn the outlook from bearish to a bullish one again. This strong Resistance level holds at the 50-week SMA and it is also the mid point of July to up-to-date performance. Hence if the asset manages to hold above this level, it could retest the year high at $218.49. For now, the sell-off sentiment continues to push stock price lower, amid a combination of events. Therefore a disappointing earnings outcome could extend Facebook’s price lower.  The next Support could be found at the $133.20 – $136.68 area, which includes the 200-week SMA, the 78.6% Fib. level and the 100.0% Fib. extension. A break of this area and more precisely the $133.20 barrier is crucial as it is a “free fall” from that level downwards. This level is set at the 200-week SMA which coincides with the lower Bollinger Bands pattern. Support after this area could possibly occur around December 2016 prices, around the $114.00 level. Technically, the weekly-term outlook for the corporation’s shares remains bearish, with trading activity taking place below 50 and 100- week moving averages, while momentum indicators comply with this as well. RSI is at 29 and falling, suggesting that there is further space to the downside. MACD lines crossed below neutral zone and signal line, while they are increasing to the downside, suggesting the potential rise of negative momentum. However as long as the floor at $133.20 – $136.68 holds, then there are still hopes for an upwards correction in the short term. Andria Pichidi Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
FShort
by HotForex
SPX - 50W Moving Average in PerilWhats up Traders - As always, the explanation is on the chart. Just some food for thought and concern. I am NOT the only one talking about this by a long shot. Keeping an eye on things, and like most seasoned traders, We are trading with extreme caution right now - - Macro Headwinds - - China - Trade-war / Tariffs November Election / Midterms Saudi Arabia Political Nonsense FED Interest Rates Flattening Yield curve Earnings Season - Seeing reduced outlooks by companies reporting so far. End of the Year Profit Taking Season I dont like it.
SP:SPX
by WillNixTrading
Two Giants on the Same dayGOOGLE and AMAZON  On Wall Street, the USA500 closed 3.1% for the worse, and the tech-laden USA100 with a 4.6% loss. Corporate earnings and guidance have been flagging the nascent signs of a deteriorating business environment and outlook risks. As investors are loosing there faith in stock market, there pressure has moved to today's earnings reports, as  two of the industry leaders Amazon and Google parent Alphabet, along with Twitter, will release their earnings reports for the fiscal Quarter ending Sep 2018, after today's closing bell on Wall Street. Amazon and Google chart Alphabet(Google) Alphabet Inc. is a holding company and Google's parent company. The Company's businesses include Google Inc. (which is the largest one) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company's segments include Google and Other Bets. Alphabet's third Quarter earnings for 2018 will be reported after the US Market close today. The consensus recommendation for the company is “strong buy”, corresponding to the majority of the consensus recommendation for the Online Services peer group , as 23 out of 29 Analyst Firms recommending “buy” or “Strong buy” and 2 suggest remaining on hold, while just 4 Analyst firms propose the “Buy” possibility. Hence no Analyst Firms is making  a "Sell" or "underperform" recommendation for the company. According to Zacks Investment Research, the information service is expected to have $10.43 in earnings per share during the third Quarter of 2018, which represents a yearly change of 8.7%, since the reported EPS for the fiscal Quarter ending September 2017 was $9.57. Focus should also turn on revenues number which is projected to hit 22.6% yoy rise, to around $34.04 billion, from the $27.77 billion reported last year. The Alphabet has faced some serious difficulties the 2nd Quarter, as EU commission accused the company for anticompetitive methods regarding its mobile search engine. The company was fined by 5.1 Billions by the EU, which it manage to handle but it also proceed in an appeal despite the fact that it already took the charge. Despite the pressure during the 2nd quarter, over the next five years, the search giant’s quarterly profits are expected to continue rising. The earnings expected to grow at an average annual rate of 17.37%, with the current year projection for EPS reaching 22.80%. However, worries regarding another government intervention still hold. This in combination with the sharp decline we have seen in tech stocks the last 3 months, raise concerns whether company's earnings will manage to reach consensus. At this stage, we have to point out that, the consensus recommendation, similarly to economic data forecasts, has a significant effect on the near term stock price, as it represents a company’s wealth picture. Hence on every earning report, stock price is highly influenced by the comparison between the outcome and the expectations. The market tends to react positively if the outcome comes better or at least in line with forecast, while the price moves lower if the reported earnings miss expectations. Since September 2017, the company’s earnings missed expectations only once and positively surprised three times. Despite any missed earnings expectations, Google stock price was seen continuously increasing until it reached $1,272.36 high in July 1. The 4-years incline was affected by the increase of sales estimates and the general constant growth of Alphabet Inc. The fall however, since the earnings report release for the fiscal Quarter ending June 2018 was driven by the miss on earnings, EU fine and global tech sell-off. The sell-off still holds sharply, concerns that earnings momentum is levelling off and that tighter financial conditions, coupled with ongoing trade tensions are hitting the global growth outlook, are prompting investors to rethink lofty equity valuations. These caused the price to drop by nearly $222.00, to $1051.53.00 level since July peak. After the sharp drop by 17.16% down, the past 3 months, a decisive turn above $1,160.00 - $1,169.00 area, could turn the attention to the northwards again. This area is significant as it coincides with 50% return of the losses seen since July, with the 50-day SMA and 20-week SMA. Hence if price action manages to sustain a move above this area, is likely to turn towards $1,230.00 (61.8% Fib. level). A move higher could take the asset towards the 100% Fibonacci extension at the $1,330.00. For now, the sell-off sentiment continues to push stock price lower, just a breath away from the ascending trend-line set since June 2015 low and seems to fully support the asset since then. The trend-line coincides with the 20-month SMA, at $1,036.00 which provides the immediate Support level for the asset. An extension lower could be supported by April's low at $1,007.00 Technically, the medium term outlook for the corporation’s shares remains strongly bearish, with trading activity taking place below all daily MAs and below 20-and 50- week MAs, while momentum indicators comply with this as well. Weekly RSI is at 37 and falling, suggesting that there is further space to the downside. MACD lines are at neutral zone below signal line. NASDAQ:GOOGL Amazon: The consensus recommendation for the company is “Strong buy”, which matches the majority consensus recommendation for the Software peer group (29/33). Amazon is expected to post $3.29 earnings per share and a revenue of $57.0 billion, which reflect to a huge increase of more than 500% on earning and a 30.2% grow on revenue on a year-over-year basis.  According to Refinitiv, Amazon is expected by analysts to report a September-quarter non-GAAP net profit of $1.54 billion, compared to just $256 million a year ago. The company’s earnings beat robustly expectations in the last 4 Quarters and it is expected to do it today as well despite the fall by 12% seen this month. There is nearly nothing to point conversely, as the 3rd Quarter was a good one for Amazon, as it manage to join Apple into the $1 trillion Market value club. During 3rd Quarter, the company will also include once of its largest shopping events, the Prime Day, which is expected to boost the quarterly revenue along with its subscription number. Despite estimates put the giant’s earnings to post another massive growth report, the fall by 18.37% seen since $2,050.00 push Amazon's stock price further to the downside. Taking a technical look at Amazon's stock, the drop of daily RSI and the increase of MACD oscillator further to the downside is pointing to a bearish medium-term picture. In the medium-term, the asset crossed below 20-week SMA 3 weeks ago, while it is moving below 20- and 50-day SMA and just $9 above 200-day SMA. The price movement suggest further bias towards bearish. Therefore the extension lower for Amazon price, prior to the earnings announcement or even disappointing earnings outcome, could find immediate Support at the $1,618.00 – $1,628.00 area, which is between the 61.8% Fib. level and the 61.8% fib. extension set since April's bottom. A break of this area however is crucial as it is a “free fall” from that level downwards. Support could possibly occur around 50-week SMA, at the $1,581.00, and the $1.504.60, which coincides with the 78.6% Fibonacci level of the rally from $1,358.00 low. Conversely, immediate Resistance to a falling stock on the back of a rebound could occur around the latest up fractal which also the mid of 2-month decline, at $1,860.00. A move above the latter is likely to restore the bullish outlook, with the shares eyeing at record high, at $2,050.00 again. NASDAQ:AMZN Andria Pichidi Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
NASDAQ:GOOG
by HotForex
Netflix ahead of Q3: Key levels to watchNETFLIX, H4 & Daily Netflix's third Quarter earnings for 2018 will be reported after the US Market close on October 16.  The consensus recommendation for the company is "strong buy", corresponding to the majority of the consensus recommendation for the Online Services peer group , as 21 out of 32 Analyst Firms recommending "buy" or "Strong buy" and 9 suggest remaining on hold, while just 2 Analyst firms propose the "Sell" possibility. According to Zacks Investment Research, the internet video service is expected to have $0.68 in earnings per share during the third Quarter of 2018, which represents an extraordinary yearly change of 235.35%, since the reported EPS for the fiscal Quarter ending September 2017 was $0.29. Focus should also turn on revenues number which is expected to be around $3.99 billion, from the $3.91 billion reported the previous quarter. Figure 1: Reprinted from Netflix, Inc. Analyst Forecasts Earnings Growth, retrieved from www.nasdaq.com The consensus recommendation, similarly to economic data forecasts, has a significant effect on the near term stock price, as it represents a company’s wealth picture. Hence on every earning report, stock price is highly influenced by the comparison between the outcome and the expectations. The market tends to react positively if the outcome comes better or at least in line with forecast, while the price moves lower if the reported earnings miss expectations. At this stage, we have to point out that since September 2017, the company’s earnings missed expectations only once and positively surprised twice, while they remained unchanged just once. Despite in line or missed earnings expectations, Netflix stock price was seen continuously increasing until it reached $423.00 high in June 2018. The constant incline was affected by the increase of revenue number, along with the sales estimates as well. The fall since the earnings report release for the fiscal Quarter ending June 2018 was driven by the miss on sales and revenue valuations, despite the upbeat earnings. Therefore, stock market price could also be affected by subscriptions growth or revenue outcome as well. More precisely, Netflix reported upbeat earnings per share up to $0.85 (vs $0.80)  for its second Quarter, while revenue came in less than expected at $3.91 billion (vs $3.94 anticipated based on Thomson Reuters estimates) and the company’s total subscribers growth domestically & internationally  also fell below projections for the first time in five Quarters. This caused the price to drop by nearly $113.00, to $310.00 level. Figure 2: Revenue and Earnings per Share. Reprinted from Netflix Inc. Financial Highlights, retrieved from www.reuters.com . After the overall defeat in the second Quarter, the company’s management should have followed a more conservative method for third Quarter estimations regarding subscriber additions. If the company achieved accuracy with its forecast, then a positive earnings outcome without any negative surprises on revenue and subscriptions could attract many bulls back into the market.  After the sharp drop by 18.3% down, the past 2 weeks, a decisive turn above $351.30, could turn the attention to the $400.00 handle. The $351.30 reflects the confluence of 100-day EMA but importantly the 50% return of the losses seen in October which is a level of importance. Hence if price action manages to sustain a move above $351.00- $354.00 area (50-day SMA), is likely to turn to a bullish outlook again. For now, the sell-off sentiment continues to push stock price lower, amid a combination of events such as the ongoing China-US trade friction, but mainly due to the worries over the uptrend in rates, something that is boosting the US treasury bond yields higher and gradually weakening the demand for equities. Hence the higher the yields the lower the stocks, especially “risky equities” such as tech stocks, i.e. Netflix as well. The investor’s earning season anticipation also undermines stock demand. Contrarily, the extension lower for Netflix price, prior to the earnings announcement or even disappointing earnings outcome, could find immediate Support at the $308.00 – $310.00 area, which is the 5-month bottom and 50-week EMA. A break of this area however is crucial as it is a “free fall” from that level downwards. Support could possibly occur around April’s prices, at the $272.00 – $280.00 area, which coincides with the 150.0% and 161.8% Fibonacci extension of the decline from $386.46 peak. The 161.8% Fib. level coexists with the latest weekly low fractal. Technically, the medium term outlook for the corporation’s shares remains bearish, with trading activity taking place below 50-100 and 200- day moving averages, while momentum indicators comply with this as well. RSI is at 31 and falling, suggesting that there is further space to the downside. MACD lines crossed below neutral zone and signal line, while they are increasing to the downside, suggesting the potential rise of negative momentum. However as long as the floor at $308.00 - $310.00 area holds, then the complete turn to a bearish outlook cannot be confirmed. Click HERE to read the full article: analysis.hotforex.com Andria Pichidi Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
NASDAQ:NFLX
by HotForex