US stocks: time to trade earnings reports

US stocks: time to trade earnings reports

2019-11-11 • Updated

The upcoming days will be especially packed with superb opportunities to trade stocks as the largest American companies will release their earnings reports for the fourth quarter (Q4).

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Date: Jan 29

EPS forecast: $4.17

Revenue forecast: $84.03B

Apple has depreciated by 30% since its last earnings report. Earlier this month, CEO Tim Cook announced that the company’s Q4 revenue would be 7% lower than expected.

The stock was supported at the end of December by the 200-week MA at 142.00 and has managed to rebound since then. Resistance lies at 163.50 and 172.00. However, despite the recovery, Apple still is in a very difficult position. The company won’t disclose the amount of iPhone unit sales anymore. Instead, it will provide revenue and margin for both hardware products and its services business. Investors will want to know how the latter is doing and whether the company has managed to improve its position at the Chinese market.



Date: Jan 29

EPS forecast: $0.64

Revenue forecast: $13.96B

Pfizer stocks fell sharply last week. The 50-week MA at 39.79 is now in focus on the downside ahead of 38.00. According to the expectations, the company’s top-selling products will show mixed results. The strength of the USD at the end of 2018 could have a very negative impact on Pfizer’s revenue, although that shouldn’t have affected EPS. The long-term outlook provided by the company will likely be positive.


Date: Jan 30

EPS forecast: $0.86

Revenue forecast: $48.5B

AT&T has recovered somewhat from the 7-year low set in December (26.80) but is still at rather low levels. Investors want to see how the company is going to compete with Netflix and Amazon after it bought Time Warner (Warner Bros. film studio, CNN, HBO). The last time, AT&T’s earnings jumped but not as much as the market had expected.


Date: Jan 30

EPS forecast: $2.18

Revenue forecast: 16.4B

2018 was a very difficult year for Facebook. The scandal with Cambridge Analytica launched a blow on its reputation. So far user growth has slowed down. Revenue growth decelerated in Q3. The stock lost about 40% in the second half of last year. The company still has a lot of issues to deal with. For example, it had to increase spending in order to fight the so-called “fake news”. There are all reasons to believe that the revenue growth will continue to decline. Support lies at 137.00 (50-week MA), while resistance is at 165.75 (100-week MA).



Date: Jan 30

EPS forecast: $1.09

Revenue forecast: $32.53B

Microsoft is a stock which seems to have very good potential. The company’s shift to cloud-based products (Azure) has already led to growth in its revenue. This trend will likely continue. If the price overcomes resistance at 108.00, it will target 111.20 and 113.00. Support is at 105.00.  


Date: Jan 30

EPS forecast: $2.18

Revenue forecast: $7.13B

The dynamics of Tesla stocks upon the release of the earnings report will likely be very volatile. CEO Elon Musk has hinted that the company will report GAAP profit in Q4, though it will be smaller than in the previous quarter. The positive dynamics in the second half of 2018 was due to the increased production and deliveries of Model 3. Despite Tesla’s problems with debt and cash flow, analysts are looking forward to a big boost of the company’s profitability in 2019. Support is at 272.00, while resistance lies at 320.60 and 342.00.



Date: Jan 30

EPS forecast: $1.25

Revenue forecast: $5.41B

Visa has rebounded after a December sell-off. Support is at 134.40 (50-week MA) and 130.00, while resistance is found at 145.00. The overall outlook for credit card companies is good due to high confidence and spending of American consumers, and this may apply to Visa. However, last quarter Visa’s sales were weaker than expected. If the company misses forecast once again, the stock will suffer.


Date: Jan 31

EPS forecast: $5.64

Revenue forecast: $71.87B

All in all, Amazon tends to deliver positive surprises upon the earnings releases. The company’s online retail business is strong, it’s actively developing video content and is expanding globally. Amazon will likely benefit from the holiday season in a great deal. As a result, the stock has every chance to beat the forecast once again. It’s still trading substantially below September and October highs, so there’s scope for a rebound. Resistance is at 1780, while support lies at 1615.

General Electric

Date: Jan 31

EPS forecast: $0.22

Revenue forecast: $32.16B

The prospects of General Electric don’t look good. Its main drivers, power and aviation, are having hard times. As a result, there’s the risk that the company's Q4 earnings disappoint. At the same time, a lot of negative stuff is already priced in. Investors will be focused on the guidance for 2019 and something positive may come out there.   

The stock has recovered since the middle of December, but it’s still trading very very low. There has been a downtrend during the last 2 years. GE is actually trading close to the post-crisis low of 2009. Support is at 7.90 and 6.65, while resistance is found at 10.50.



Date: Jan 31

EPS forecast: $1.52

Revenue forecast: $3.79B

Mastercard is very much like Visa. It has decent fundamentals and managed to beat the estimates many times before. The company has recently announced a good dividend and plans to buy back its shares. Support is at 195.20 (50-week MA). Resistance is at 209.80 (November, December highs).


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