Catch the Drift

Catch the Drift

By Earnings WhispersBusinessInvesting
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Catch the Drift episodes

  • Earnings after the close on August 7, 2023 and before the open on August 8

    Approximately 250 companies are scheduled to announce earnings after today's close and before tomorrow's opening. Palantir, UPS, Lucid, Eli Lilly, and Datadog are the main focus. Notably, Hims & Hers Health attracted significant attention last quarter before earnings, but that interest has dwindled this quarter. While RingCentral shares haven't recovered since their February earnings dip, their earnings have consistently risen. There's optimism that last quarter saw stable conditions, and recent trends show improvement. Despite strong results last quarter, ShockWave lagged behind, with concerns about its 2024 earnings preventing new stock highs.

    1 min
  • The Most Anticipated Earnings Releases for the Week of August 7, 2023

    Earnings season decelerates slightly this week, but over 1,000 companies are still slated to report. The spotlight transitions from large-cap stocks to smaller entities.
    The highly anticipated earnings release from Palantir $PLTR will be disclosed after Monday's close. The stock recently emerged from a prolonged base, and momentum is currently in its favor. This shift is mirrored in the investor sentiment, which is now at its peak since its 2021 IPO.
    Contrastingly, sentiment towards Lucid Motors $LCID remains bearish among investors. Although sentiment is more positive than this time last year, short interest has peaked ahead of its earnings report.
    On Tuesday, the focus is on Rivian Automotive $RIVN and AMC.$AMC After Rivian's spring earnings report, short sellers were quick to engage. The stock stabilized and eventually trended upward, yet short sellers persisted, and are holding losses going into earnings. AMC, a noted meme stock, is also seeing high short interest. However, its investor sentiment is nearing an all-time low.
    For Wednesday, both Disney $DIS and Plug Power $PLUG are at the forefront. They've experienced unfavorable fundamentals throughout the year, and there's scant evidence to suggest a shift with their imminent earnings announcements. Market consensus anticipates lackluster results from both.
    On Thursday, the market's gaze is fixed on Alibaba $BABA, with its stock price reflecting flat expectations. Conversely, Novo Nordisk $NVO enjoys an overwhelmingly positive sentiment—a trend consistent over the past few quarters, as forecasts were consistently revised upwards.
    Friday might feel subdued after a bustling week, spotlighting Air Canada $ACDVF and AirScript $AIRS.
    The majority of post-earnings movement is predicted for Wednesday, but not two companies whose volatility stands out. SmartRent $SMRT, reporting before Tuesday's open, has options priced for a 46% move—almost three times its average in recent quarters. Likewise, Hydrofarm's $HYFM Wednesday post-close announcement is forecasted to elicit a larger-than-average market reaction. Sentiment favors SmartRent over Hydrofarm.

    3 min
  • Earnings after the close on August 3, 2023 and before the open on August 4

    It is the peak of earnings season with the world’s largest

    company set to report after the close, but traders are a tad more interested in Amazon this quarter.  While it isn’t exactly strong, the stock is hovering over a support area.  The focus will be on when AWS growth resumes and potential upside on retail margins. Traders are anticipating a 7.1% move, which is down from the 9.5% average in recent quarters.

    Similarly, traders are pricing in a 3.6% move for Apple ahead of earnings, which is below the 4.8% average, with expectations primarily of just steadiness in the results, but the stock is at risk of breaking its

    trend line off the January lows. 

    Meanwhile, Coinbase is pulling back to support after

    breaking through $80 on heavy volume, Block is giving back its recent gains, and Airbnb is also pulling back to support while Draft Kings has failed on its acceleration out of its upward trending channel.  In total, there are approximately 300 companies set to report earnings after the close.

    Tomorrow, before the open, traders are most closely eying fuboTV and Nikola – two stocks that have lagged over the past year even as earnings estimates have moved higher, but Frontier Communications has shown signs of capitulation ahead of earnings.

    2 min
  • Earnings after the close on August 2, 2023 and before the open on August 3

    There are 550 companies set to report earnings in the next 24 hours.  Investors are most closely watching PayPal (PYPL), with expectations for a 9.0% move as the stock nears resistance.  Sentiment has improved

    during the quarter, but investors remain rather bearish the stock.  Investors are similarly watching Shopify (SHOP) this quarter and while options are priced for an 11.2% move, this is well below the average of 16.6% over the past several quarters.  One significant difference is investors have been bullish the stock for most of 2023, but there is little evidence sentiment is excessive.  Investors will also be watching
    Anheuser-Busch InBev (BUD), Qualcomm (QCOM), Occidental Petroleum (OXY), Unity (U), Robinhood Markets (HOOD), MercadoLibre (MELI), Etsy, and Warner Bros Discovery (WBD).

    1 min
  • Earnings after the close on August 1, 2023 and before the open on August 2

    There are approximately 300 companies scheduled to report earnings after the market closes today and before the market opens tomorrow. Among the companies reporting after the close today, AMD is likely to be the focus of investors' attention, with an options implied move of 7.85%, higher than its recent average move of 6.5%. Investor bullishness is at its highest level since late 2021. Other companies to watch post-market include Devon Energy, which has broken a trend line ahead of earnings. Starbucks, Pinterest, and MicroStrategy. CarParts dot com is also notable and expected to be particularly volatile, with options pricing in a 28.9% move, significantly higher than its average move of 10.4%. Looking ahead to the opening bell tomorrow, CVS Health, Humana, Generac, Perion Network, and Builders FirstSource will be in the spotlight.

    1 min
  • Earnings after the close on July 31, 2023 and Before the open on August 1

    Tomorrow will be a bustling day in the financial markets with approximately one hundred and 75 companies scheduled to report earnings after the market closes today and before it opens tomorrow. Among these companies are Norwegian Cruise Line NCLH, Uber Technologies UBER, Pfizer PFE, Arista Networks ANET, Caterpillar CAT, Enterprise Products Partners EPD, Merck MRK, Transocean RIG, JetBlue Airways JBLU, and SunPower SPWR. Ahead of their earnings reports, it's worth noting that Diamondback Energy FANG, Western Digital WDC, and Yum China YUMC are showing promising signs of breaking out. However, Merck seems to be on a downward trend, and it would be wise to approach this particular stock with caution until more positive indicators emerge. http://eps.sh/cal

    1 min
  • Earnings for the Week of July 31, 2023

    We delve into an incredibly busy week for S&P 500 earnings, with a record number of companies scheduled to report. We kick off with a deep dive into SoFi and Onsemi's earnings announcement, scheduled for before the market open on Monday. Despite SoFi's impressive 46% rally since its last earnings, the investor community holds a bearish view. Onsemi, meanwhile, is facing investor skepticism despite hitting a 52-week high.
    The episode also examines the investor sentiment for AMD and Norwegian Cruise Line. AMD enjoys peak bullish sentiment despite missing whisper expectations last quarter, while Norwegian Cruise Line, even after hitting a 52-week high, is marred by a bearish sentiment. We also discuss the contrasting investor sentiment for PayPal, which has hit a new low, and Shopify, which is riding on investor optimism, both slated to report earnings on Wednesday.
    A substantial portion of the episode is dedicated to the market heavyweights - Amazon and Apple. They are the major focus among more than 400 companies reporting earnings on Thursday. Amazon sees its highest investor sentiment since late 2021, while Apple, though modestly bullish ahead of earnings, starkly contrasts its sentiment measure hitting a decade-low at the start of the year.
    Our final focus of the week lies on fuboTV and Nikola's earnings announcement on Friday. Despite rising earnings estimates over the past year, their stock prices have trended lower, reflected in their investor sentiment.
    Moreover, amid approximately 1200 companies releasing their earnings reports this week, our podcast sheds light on companies with elevated volatility - DermTech, Puma Biotechnology, FIGS, and Rover. Options are pricing in greater than usual moves, following their double-digit earnings swings over the past several quarters.

    5 min

About Catch the Drift

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"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…