Catch the Drift

Catch the Drift

By Earnings WhispersBusinessInvesting
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Catch the Drift episodes

  • Earnings after the close on August 15, 2023 and before the open on August 16

    As we approach earnings announcements scheduled for after

    today's close and before tomorrow's open, Brazilian banks appear to be
    outperforming U.S. banks, with Nu Holdings consolidating at a peak.
    Concurrently, two retailers are trending in different directions. It's
    unsurprising that projections for the two differ too: Target is anticipated to have weak results, while TJX's results are expected to reflect a long-awaited trade-down from the consumer. The surge observed in Coherent isn't due to earnings, but a new laser. The outlook remains modest for their upcoming results. However, if the stock takes a hit, it might present a good buying opportunity, considering that new products typically influence future earnings rather than immediate results.

    1 min
  • The Most Anticipated Earnings Releases for the Week of August 14, 2023

    Earnings season traditionally concludes this week with

    Cisco's earnings report. However, with 175 companies reporting on Monday and only 50 on Tuesday, earnings season effectively concludes before Cisco announces on Wednesday.

    On Monday, of the 175 companies reporting, GreenPower Motor

    and Suncor Energy are drawing significant investor attention. Investors are notably bullish on GreenPower, and many short sellers have covered their positions after the last quarter's results. Nevertheless, the stock has since retracted to fill the gap, facing considerable resistance. On the other hand, Suncor remains bearish, continuing its downward trend since its late 2022 peak.

    2023 has witnessed extensive short covering among hedge

    funds. This trend is apparent in Home Depot; where earlier, bets were placed on a declining housing market affecting the stock adversely. Yet, as we approach its earnings release on Tuesday, the stock is back at resistance with the short sellers exiting. Additionally, Sea Limited is on many investors' radars.

    By Wednesday, the spotlight will shine on Target and Cisco,

    both garnering bearish sentiment. Intriguingly, while Target has faltered with weakened checks throughout the quarter, Cisco is surging to a new pinnacle, attracting short sellers.

    Target's struggles seem to be Walmart's boon. Expectations

    soar for Walmart's earnings release on Thursday. Simultaneously, short sellers are eyeing a peak in Applied Materials, which consistently exhibits an upward trajectory.

    Palo Alto Networks showcased robust results last quarter,

    and checks this quarter appear promising. However, the company's late Friday earnings announcement—a time when companies often reveal undesirable news—has alarmed investors, raising concerns about the 2024 guidance. In contrast, Deere has surpassed its November peak, maintaining its positive momentum.

    Several stocks, such as Farfetch, Bill.com, and Stride, are anticipated to make double-digit moves this week. However, the expected shifts remain significantly below the average price movements observed in recent quarters.

    3 min
  • Earnings before the open on August 14, 2023

    There are a couple of dozen companies reporting before the

    open on Monday. Two names that stand out are Embraer #ERJ and monday.com “MNDY.  Volatility in Embraer is elevated after
    missing estimates last quarter and after the stock briefly broke its trend line; whereas shares of monday.com appear to have broken down despite recent positive data checks.  Most of the interest among traders,
    however, is in GreenPower Motor #GP, Hut 8 Mining #HUT, and JinkoSolar #JKS, which are all expected to see double-digit moves following earnings.  


    http://eps.sh/cal


    1 min
  • Earnings after the close on August 9, 2023 and before the open On August 10

    Did you think earnings season was over? Close to two hundred and 50 companies are reporting later today, with another hundred and 50 slated for tomorrow. Currently, Disney is recovering from its lows. While expectations are muted, they aren't drastically low. Plug Power shares have broken a trend line on substantial volume, eyeing a retest amidst mixed data in its sector. Has The Trade Desk's stock advanced too quickly? The stock is resting at the top of its previous upward channel.


    Tomorrow, Capri will announce their results, having postponed their reporting date... that's not usually good. CyberArk shares struggled after a recent breakout attempt, influenced by unsatisfactory results from its industry counterparts. It's been a challenging summer for amusement parks, with Six Flags' stock hovering just above a key support level as they approach their earnings announcement.


    http://eps.sh/cal

    1 min
  • Earnings after the close on August 8, 2023 and before the open on August 9

    Over 250 companies are set to announce their earnings after the market closes today. Among them is Upstart #UPST, but no one knows what they do. In the meantime, Supermicro #SMCI continues its upward trajectory. While Twilio #TWLO seems to have hit a resistance point despite positive earnings trends, Array's #ARRY initial signs of breaking to new highs post-earnings have reversed, making it look more susceptible to downturns.

    By Wednesday morning, the earnings releases will have dwindled by half. Roblox #RBLX takes the spotlight, but investors will also be watching Penn National Gaming #PENN, which is currently on a downtrend. On the flip side, Jack in the Box #JACK is outpacing Wendy’s #WEN.

    http://eps.sh/cal

    1 min

About Catch the Drift

From the publisher's feed

"Catch The Drift" is Earnings Whispers' podcast that offers a snapshot of key market factors such as investor sentiment, projected price movements, and chart analysis before and after earnings…