Which companies will publish EPS on April 19-23?
In this article, you'll find the list of the hottest stocks to trade on April 19-23, which will publish their earnings!
S&P, NVIDIA, ALIBABA: near-term observation
S&P
Despite all the gloomy projections, the stock market left the sideways uncertainties of July and entered August on a bullish note. Currently at 3 400, the S&P is exactly where it was cut by the virus crisis. Hence, we can now state that recovery is complete. So the future is bright once again. What next? Earnings reports.
Nvidia
This Wednesday, Nvidia reports its financial results (Midnight of August 19/00:00 MT time on August 20).
Technically, this stock has been following a stable linear upward trajectory since the beginning of the recovery in March. Hence, it would be natural to expect the same in the coming mid-term future. However, also technically, its recent leap up to the epic level of $500 puts the price considerably above the normal rising trajectory. That’s why, while being confident about the fundamentals, be careful with a possible correction back down to the uptrend’s baseline.
Fundamentally, Nvidia expects strong results in Q2. These are mostly due to the virus-caused boom in demand for gaming industry products where Nvidia is a primary player. The EPS is forecast to be $1.97, up from $1.24 in the prior-year period by observers. Nevertheless, the price for this stock has gone far beyond the most optimistic projections for a semiconductor company – which it basically is – as well as far above the dot-come bubble red-zone levels of price-to-earnings ratio…
Alibaba
Alibaba reports its Q2 results this Thursday, at 14:30 MT time.
This stock is notably volatile. Since the beginning of July, it has been stuck in a sideways channel between $268 and $242. While it is at its all-time highs, it is still seen as undervalued by many. At the same time, as an e-commerce company with a wide range of services, it is enjoying high consumer demand. Hence, with this positive fundamental background, beating financial expectations for Q2 would be a very timely boost for this stock to get in an upward trajectory again.
Similar
Citi: strategic change ahead?
While Citigroup reports better-than-expected quarterly data, it is also aims at restructuring its global presence. What will be the impact?
PepsiCo, Citi, BAC reporting - results preview
Three more corporations reported their earnings today. While the US session is still closed, let's see the data - it's pretty strong!
Latest news
Stocks that make news this week
Check our story about the stocks that have the potential to go either up or down big time! In this article, we'll tell you about Nvidia, Apple, Philip Morris, and Coinbase.
The pack of PMIs to boost the euro
Once in a month, the euro has a very special day of increased volatility at the start of the European trading session.
USD/TRY: testing all-time highs
The relationship between the US and Turkey is not going well. Neither do things for the Turkish lira.
Deposit with your local payment systems
