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Stocks: time for trading on earnings reports
2021-10-25 • Updated
Earnings reports will show how companies have performed during the third quarter. Follow the releases and remember: if numbers come out better than the forecasts, stocks will rise. Otherwise, worse-than-expected earnings will push stocks down.
October 19, Monday:
IBM has recently surged after the company announced it would split its business into two separate tech stocks: IBM and NewCo. Stockholders will benefit as the sum of the two stocks tends to worth more than a single, undivided stock. Elsewhere, IBM has got the prestigious title of Dividend Aristocrat this year for increasing payouts for 25 years in a row. Follow its Q3 earnings report at the midnight from Monday to Tuesday (MT time)!
October 21, Wednesday:
Netflix will publish its report at 1:00 MT time. The streaming giant is trading sideways around its all-time highs. It has recently skyrocketed as Goldman Sachs raised its price target to $670. The bank is confident that Netflix will release better-than-expected Q3 earnings. Indeed, people have started spending considerably more time watching TV shows amid the stay-at-home regime.
October 22, Thursday:
Intel currently has a ‘hold’ rank, according to Zacks. Now the company is the world’s largest chipmaker, but AMD, its main rival, steps on Intel’s toes. The tech giant has been beating estimates for 5 quarters in a row. According to Wall Street, we may see Intel beating the forecasts again. Follow the report at the midnight from Thursday to Friday (MT time)!
Amazon has recently held its Prime Day with sales 40% higher than from last year’s event. Due to its “platform effect”, customers that once used it would stay with it forever. Most analysts have bullish forecasts for this stock as it continues surprising investors with its steady growth.
Coca-Cola will unveil its earnings at 15:30 MT time. In fact, it’s one of the most familiar stocks with a market presence in over 200 countries. The beverage mammoth has proven its credibility with a steady increase of dividends throughout its long history.
AT&T will publish its Q3 earnings at the same time as Coca-Cola. The company is trading at considerably low levels, but some analysts believe that all is not lost for AT&T. Perhaps, the cutting-edge 5G technology will help the stock to rebound.
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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.
After creating record highs, Wall Street's main indexes opened on Wednesday and began to edge lower, reflecting cautious sentiment among investors. They're eagerly awaiting crucial inflation data that could impact the U.S. Federal Reserve's interest rate decisions. The upcoming release of the personal consumption expenditures (PCE) price index is expected...