Despite the positive outlook, the FBS analysts are cautious about buying the stock heading into earnings. The stock market has already experienced a significant run-up. Thus, a correction may happen this week!
Reporting today: J&J and P&G
2021-04-20 • Updated
Johnson&Johnson and Procter&Gamble report theri earnings today at 15:30 MT. That's right before the US session market open. Hence, there may be big moves on behalf of these stocks - depending on the performance that either company brings. What are the expectations?
Expected EPS $2.44 per share, expected revenue $22bln.
A lot of observers expect Johnson&Johnson to bring performance that will be slighly weaker than the above consensus. Against a wide-spread belief, the single-shot vaccine developed by J&J that was started to roll-out in March is a non-for-profit product that is not expected to drive the stock price much in any direction. In addition to that, its production is facing some challenges, although it's been approvied for use in Europe. Therefore, the forecasts are pretty dim for this stock. 161.50 is a support level which may see the stock drop is the results are weak. 164 is a possible target for bulls if it manages to bringer brighter outlook.
Expected EPS $1.19, expected revenue $17.9bln.
Analysts are generally positive about this stock as the P&G's revenue is expected to grow at least 4% compared to the previous year. The main drivers for that growth are its core products such as Tide, Charmin and Bounty, all of which saw positive dynamics during the previous three months. Technically, if the company meets the market's expectations, the stock price may well surge above the local highs of 137.75. Otherwise, the support of 136.50 will likely see it go down.
Remember you can trade these stocks in FBS Trader!
Earnings season is a crucial time for investors and analysts, as it provides insights into how well companies have performed over the past quarter and gives indications of their future earnings. In 2023, expectations for US Q1 earnings were low due to economic challenges and rising interest rates. Surprisingly, many companies beat these low expectations, with 75% of S&P 500 companies surpassing forecasts.
When I started trading stocks a few years ago, I often needed to pay more attention to my technical analysis skills and trust that the market would play fair according to my analysis. I have since discovered that the safer approach to trading stocks is to, more often than not, seek out investing opportunities - that is, catching stock commodities with a potential to rise.
Welcome to October, the tenth month of 2023. For this installment of What to Trade, I have handpicked a few of my favorite trade ideas for the month. Let’s go over a few of them.
The past several weeks have been a real triumph for the bulls in the oil market. The Brent spot price grew by 8.5% during the last month.
Gold prices are rising for three consecutive days ahead of the Federal Reserve (Fed) interest rate decision, which is expected to remain unchanged due to declining inflation and a positive economic outlook. Investors are keen on the Fed's interest rate guidance, fearing a hawkish stance that could trigger market risk aversion.