Earnings Season Forecast is Surprising

Earnings Season Forecast is Surprising

Diperbarui • 2022-12-15

The second earnings season of 2022 has almost begun. From banks and tech stocks to cars and the retail sector: in this outlook, we covered the most promising releases of this summer and made several projections on the companies’ prospects. The result will surely surprise you because the bullish market has ended, and it’s now way more complicated for retail traders to raise some funds.

Bank of America and other financials

Large banks reported a record-high increase in revenues in 2021. Usually, banks benefit from rising prices and rates because people deposit more money which can be used in loans and investments. Here’s what we have for the bank sector (banks’ reports are delivered before the market opens):

JP Morgan Chase (JPM): July 14;

Morgan Stanley (MS): July 14;

Wells Fargo (WFC): July 15;

Citigroup: July 15;

Goldman Sachs (GS): July 18;

Bank of America (BAC): July 18;

Deutsche Bank AG (#DBK): July 27.

As for 2022, Charlie Munger, one of the wealthiest investors in the world, holds most of his money in Bank of America. Almost 45% of his money is there. Wells Fargo comprises 36%, and US Bancorp is a place for 3.5% of Munger’s funds. Let’s look closer at Bank of America, then.

In a report released on July 1, Mike Mayo from Wells Fargo (interesting overlap, doesn’t it?) maintained a Buy rating on Bank of America, with a price target of $55.00. The company’s shares closed last Tuesday at $30.78, close to its 52-week low of $30.64.

The divergence on the H4 chart hints at a soon reversal to the $33.00. However, the downtrend won’t end until the stock is under the 100-daily MA (the $35.00 level).

Bank of America H4 chart

Resistance: 33.00, 35.00

Support: 30.00, 29.20

BACH4.png

Tech stocks are still expensive

Remember the dotcom bubble of 2000? Some technological stocks lost 95% of their capitalization back in the day. We don’t insist on repeating that movement, but most companies may go significantly lower. Their reports will pave the way for the decline. Here’s what you should follow:

Google: July 26, after the market close;

Meta (FACEBOOK): July 27, after the market close;

Amazon: July 28, after the market close;

Twitter (TWTR): July 28, before the market opens;

Apple: July 28, after the market close;

Intel: July 28, after the market close;

Activision Blizzard (ATVI)l August 2, before the market opens;

AMD: August 2, after the market close;

Nvidia: August 24, after the market close.

Keep an eye on Nvidia, as the company may reveal fascinating news about crypto-mining GPU sales. The stock will be quite volatile. However, the report is far away from today, so that we wouldn’t bother you with analysis right now. Don’t forget to check the site, as more news about Nvidia and AMD will be coming closer to the dates of the reports.

Retail sector lost enough to come back

Long story short, here are the most important retail reports on this earnings season:

Pepsico: July 12, before the market opens;

Coca-Cola: July 26, before the market opens;

Walmart: August 16, before the market opens;

eBay: August 3, after the market close.

Inflation landed like a thud in the retail sector in May as industry leaders reported on the impact of higher costs on their operations. It wasn’t long before investors responded, and some of America’s largest retailers saw the biggest declines in their stock prices since the market crash of 1987. We predicted the movement with fantastic accuracy, but the time has come to make another one.

Unlike Nvidia, which has enough time to surprise us with crypto, Walmart’s movements are slower. While overall spending remained robust, consumer spending has eased in some previously growing categories, causing them to flatline or even drop.

Much of the year-over-year growth in grocery spending is due to inflation, not greater consumption. Consumers are paying more but consuming less in categories such as gasoline, travel, and restaurants. We expect the trend to continue (and inflation to be present) for the next year, so the mid-term outlook for Walmart is somewhat bearish.

The stock may still reach the resistance of $132.00 in several months due to the RSI divergence and market fluctuations. Despite the short-term bullish scenario, the support of $117.00 is likely to be broken after the report release.

Walmart daily chart

Resistance: 126.00, 132.00, 144.00

Support: 117.00, 107.00

 WALMARTDaily.png

LOG IN

Menyerupai

Indeks Nasdaq Akan Terangkat Saham NVIDIA
Indeks Nasdaq Akan Terangkat Saham NVIDIA

Pasar saham Asia bergerak bervariasi pada perdagangan Kamis (22/02/2024), mengikuti sinyal positif dari Nvidia, saham favorit AI, Risalah pertemuan Federal Reserve (FOMC minutes) pada bulan Januari menunjukkan sebagian besar pembuat kebijakan khawatir terhadap risiko

Berita terbaru

Sanggupkan Emas Berlama-lama di Puncak?
Sanggupkan Emas Berlama-lama di Puncak?

XAUUSD naik ke rekor tertinggi baru pada perdagangan Senin (01/04/2024), di tengah meningkatnya spekulasi penurunan suku bunga..melanjutkan kenaikan kuat minggu lalu hingga membentuk level puncak baru sepanjang masa

Sebagian Pasar Masih Libur, Yen Stabil di Bawah 152
Sebagian Pasar Masih Libur, Yen Stabil di Bawah 152

Pasar saham Asia sebagian masih libur dan sebagian lagi menguat pada perdagangan Senin (01/04/2024), karena optimisme data pabrikan Tiongkok mendukung..potensi intervensi otoritas Jepang terhadap yen Jepang diperkirakan berada di zona 152 – 155 yen. 

Deposit dengan sistem pembayaran bank lokal DI INDONESIA

Pemberitahuan pengumpulan data

FBS menyimpan catatan data Anda untuk menjalankan website ini. Dengan menekan tombol "Setuju", Anda menyetujui kebijakan Privasi kami.

Ditelepon kembali

 1
 93
 355
 213
 1684
 376
 244
 1264
 672
 1268
 54
 374
 297
 61
 43
 994
 1242
 973
 880
 1246
 375
 32
 501
 229
 1441
 975
 591
 387
 267
 55
 246
 673
 359
 226
 257
 855
 237
 1
 238
 1345
 236
 235
 56
 86
 61
 61
 57
 269
 242
 243
 682
 506
 225
 385
 53
 357
 420
 45
 253
 1767
 1809
 593
 20
 503
 240
 291
 372
 251
 500
 298
 679
 358
 33
 594
 689
 241
 220
 995
 49
 233
 350
 30
 299
 1473
 590
 1671
 502
 224
 245
 592
 509
 39
 504
 852
 36
 354
 91
 62
 98
 964
 353
 44
 972
 39
 1876
 81
 962
 7
 254
 686
 850
 82
 965
 996
 856
 371
 961
 266
 231
 218
 423
 370
 352
 853
 389
 261
 265
 60
 960
 223
 356
 692
 596
 222
 230
 262
 52
 691
 373
 377
 976
 382
 1664
 212
 258
 95
 264
 674
 977
 31
 599
 687
 64
 505
 227
 234
 683
 672
 1670
 47
 968
 92
 680
 970
 507
 675
 595
 51
 63
 64
 48
 351
 1787
 974
 262
 40
 7
 250
 590
 290
 1869
 1758
 590
 508
 1784
 685
 378
 239
 966
 221
 381
 248
 232
 65
 421
 386
 677
 252
 27
 500
 34
 94
 249
 597
 268
 46
 41
 963
 886
 992
 255
 66
 670
 228
 690
 676
 1868
 216
 90
 993
 1649
 688
 256
 380
 971
 44
 1
 1
 598
 998
 678
 58
 84
 1284
 1
 681
 2
 967
 260
 263
00:00
00:00
00:00
01:00
02:00
03:00
04:00
05:00
06:00
07:00
08:00
09:00
10:00
11:00
12:00
13:00
14:00
15:00
16:00
17:00
18:00
19:00
20:00
21:00
22:00
23:00
23:00
23:00
00:00
01:00
02:00
03:00
04:00
05:00
06:00
07:00
08:00
09:00
10:00
11:00
12:00
13:00
14:00
15:00
16:00
17:00
18:00
19:00
20:00
21:00
22:00
23:00

Manajer kami akan menghubungi Anda

Merubah nomor

Permintaan Anda diterima.

Manajer kami akan menghubungi Anda

Permintaan panggilan balik berikutnya untuk nomor telepon ini
akan tersedia setelah

Jika Anda memiliki masalah mendesak, silakan hubungi kami melalui
Live chat

Internal error. Silahkan coba lagi

Jangan buang waktu Anda – tetap awasi dampak NFP terhadap dolar dan raup profitnya!

Anda menggunakan versi browser lama Anda.

Perbarui ke versi terbaru atau coba yang lain untuk pengalaman trading yang lebih aman, lebih nyaman dan produktif.

Safari Chrome Firefox Opera