2021-05-04 • Updated
Three stocks report their earnings on Wednesday (May 5):
What are we expecting?
Expected EPS: -$7.26
In the previous quarters, the performance of Booking has been rather unstable – for understandable reasons: travel industry has been most hit by the virus. For this reason, it’s been hard to predict the performance of this corporation since the beginning of 2020. In the third quarter of 2020, it brought an EPS of $12.27 against the forecast of $15.98. In the fourth quarter, it did better showing an EPS of -$0.57 against the expected -$5.08. For the first quarter of 2021, the forecast is -$7.26 as investors are factoring in the consequences of the travel restrictions that were in place during the first months of the year. If the company provides figures better than that, it will be a firm motivation for bulls to push the stock above the all-time high and psychological level of $2500 per share.
Our Marathon starts on May 5 with trading stocks!
Expected EPS: $1.02
Unlike Booking Holdings, General Motors has been consistently outperforming against the expectations throughout the entire year of 2020. Business-wise, investors are positive about the long-term outlook for GM as it is generating healthy cash flows in all sectors of its diversified activity portfolio. North America, the core consumer geographical base for the company, is recovering, and the demand is believed to promise positive potentials for GM. The only concern for the moment may be the chip shortage problem that has recently emerged, and the company officials did not comment on the exact impact it brings to the performance of GM. Very likely, we will hear that during the quarterly earnings call. The all-time high of $63 per share may be easily broken if General Motors brings better-than-expected results.
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Expected EPS: $0.73
Technically speaking, PayPal’s stock best recovered among the three we’re seeing now. Against the lows of 85$ in March 2020, it increased in value by more than 300%. The last upswing to the all-time high of $305 in February 2021 may be attributed to the announcement that it is planning to include cryptocurrencies in the list of accepted payment methods. It lost a portion of the gains, though, now trading in the zone above $250. A strong Q1’2021 report may push it back upwards to $305 to make new all-time highs.
Coinbase (#COIN) saw its revenue rise to $773 million in Q1 2024, marking a 23% increase from the previous quarter and surpassing analyst expectations.
During his program on CNBC on February 28, Jim Cramer expressed frustration with the impact of earnings reports on market behavior, noting how they often prompt rash decisions by average investors. He criticized the short-term focus and lack of attention to nuance in news coverage of earnings. Cramer cited examples of Home Depot and Lowe's, highlighting how investors reacted hastily to headline news without considering the broader context provided in earnings calls.
As the year winds down and the festive spirit takes hold, the stock market often presents a curious yet anticipated phenomenon known as the Santa Rally. Within this whirlwind of festive trading, let’s look at how two titans of the tech world, Amazon and Apple, might fare during this unique season.
Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...
Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
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