Ideas for trading US stocks on July 26-30
This week Apple, Microsoft, Google, Facebook, Pfizer, and other large US companies will deliver earnings reports…
Stocks: earnings reports calendar
Revelation time
Below is the calendar for the coming earnings reports this month. As you can see, the second part of April is quite densely filled with reports from the S&P major players. The general picture is already known - there will be damage. Therefore, be prepared for some turbulent reactions in the stock market and use that to open trades in the right moment for each stock.
Stay put
Just to make sure you are positively prepared for what is coming: no need to look at this schedule as if it was an artillery assault timetable. JPMorgan has already reported its earnings on Tuesday, so we can look at it as a probable example that will be likely repeated in variations across other companies. On the chart below, we see that the market dropped on the weak performance announced for the Q1 of 2020, but nothing really scary took place. The strategic recovery trend did not get distorted, the support of 50-MA was not broked at 94.00, and the trade of last hours of the session was moderately pointing to the positive development scenario.
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