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Earn This Season’s Earnings Season
2021-10-14 • Updated
After a pretty rough September, the stock market is showing vitals. At least, it might seem so. S&P 500 (US 500) has recovered 3.8% from the local low, HK 50 (Hang Seng) is 7% higher, and Nikkei 225 (JP 225) has gained 6.6%. But the incoming earnings season will not only add volatility to the comparably calm market but also can become the reason for stocks to completely change their direction.
This article is about future earnings reports and what can we do with them. We will go through several weeks, each one has enough companies for you not to get bored. The journey has begun!
Week One – October 11-15
All times are given in GMT+3 time zone. All “%” are expected growth (or decrease) in revenues.
- JPMorgan Chase (Oct 13, 13:50), exceeded the expectations by 25%.
- Bank of America (Oct 14, 13:45), -0.2%.
- Citigroup (Oct 14, 15:00), -15.5%.
- Morgan Stanley (Oct 14, 14:30), +11.8%.
- Wells Fargo (Oct 14, 15:00), -9.0%.
- Alcoa (Oct 14, 23:10), +23%.
- Goldman Sachs (Oct 15, 14:25), -8.8%.
As you can see, this is a week for the banks. There is a lot to say about them, so we’ve made a comprehensive article, from which you can gather tons of useful information. Check it out as well!
Week Two – October 18-22
Unlike the first week, this period offers more variety—IBM, Netflix, Tesla, AT&T, American Express are among the companies reporting.
- Johnson & Johnson (Oct 19, 13:25), +12,4%.
- Bank of New York Mellon (Oct 19, 13:30), -0.6%
- Procter & Gamble Co. (Oct 19, 13:55), +2.2%.
- Philip Morris International Inc (Oct 19, 14:00), -61.2%.
- Netflix, Inc. (Oct 19, 23:00), +16.2%.
- Tesla, Inc. (Oct 20, 23:05), +49.9%.
- AT&T Corp. (Oct 21, 13:30), +0.6%.
- Intel Corp. (Oct 21, 23:00), -0.5%.
- American Express Co. (Oct 22, 14:00), +20.4%
Wall Street will get an early read on one of the most important market sectors: Technology. This sector accounts for more than 25% of the weight in the S&P 500, and companies in this sector are expected to report earnings growth of 28.5%. Watch out for US 100 moves!
Week Three – October 25-29
The third week of earnings season will be the busiest, with nearly 40% of the S&P 500 members scheduled to report results. As with week two, investors will hear from a wide swath of companies including big tech players like Facebook and Google parent Alphabet.
- Facebook Inc. (Oct 25, 11:05), +30.4%.
- General Electric Co. (Oct 26, 13:15), -0.4%.
- 3M Company (Oct 26, 13:30), +6.6%.
- Xerox Corp. (Oct 26, 13:30), +3.0%.
- Advanced Micro Devices Inc. (Oct 26, 11:15), 46.7%.
- Microsoft Corp. (Oct 26, 23:00), +17.9%.
- Alphabet Inc. (Oct 26, 23:00), 8.3%.
- Visa Inc. (Oct 26, 23:40), +25.5%.
- Twitter Inc. (Oct 26, 23:05), +37.8%.
- General Motors Corp. (Oct 27, 14:30), +9.6%.
- Coca-Cola Company (Oct 27, 13:55), +11.3%.
- McDonalds Corp. (Oct 27, 14:00), +10.4%.
- Mastercard Inc. (Oct 28, 15:00), +28.7%.
- Linde plc (Oct 28, before the market's opening), +9.6%.
As you can see, the list is massive. Such an enormous number of earning reports will make the broad index, such as the US 500, move. And, concerning weak September and October, and mostly positive expectations, we should consider the market will be for the bulls.
Week Four – November 1-5
The final wave of the earnings season happens in the fourth week. There are not many companies in it, and this week of earnings is heavier on companies in the healthcare, real estate, industrials, materials, and utility sectors.
- PayPal holdings Inc. (Nov 1, 23:15), +13.9%.
- Sainsbury (J) Plc (Nov 4).
- Commerzbank AG (Nov 4).
Some of the companies will be able to weigh in on the potential benefit from the long-awaited infrastructure package that’s still working its way through Congress.
Whether you’re a new or experienced investor, earnings season is always an interesting time to learn more about specific companies—and broader industry trends.
Don’t miss the opportunity, learn with FBS!
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