2024-05-30 • Updated
After a pretty rough September, the stock market is showing vitals. At least, it might seem so. S&P 500 (US 500) has recovered 3.8% from the local low, HK 50 (Hang Seng) is 7% higher, and Nikkei 225 (JP 225) has gained 6.6%. But the incoming earnings season will not only add volatility to the comparably calm market but also can become the reason for stocks to completely change their direction.
This article is about future earnings reports and what can we do with them. We will go through several weeks, each one has enough companies for you not to get bored. The journey has begun!
All times are given in GMT+3 time zone. All “%” are expected growth (or decrease) in revenues.
As you can see, this is a week for the banks. There is a lot to say about them, so we’ve made a comprehensive article, from which you can gather tons of useful information. Check it out as well!
Unlike the first week, this period offers more variety—IBM, Netflix, Tesla, AT&T, American Express are among the companies reporting.
Wall Street will get an early read on one of the most important market sectors: Technology. This sector accounts for more than 25% of the weight in the S&P 500, and companies in this sector are expected to report earnings growth of 28.5%. Watch out for US 100 moves!
The third week of earnings season will be the busiest, with nearly 40% of the S&P 500 members scheduled to report results. As with week two, investors will hear from a wide swath of companies including big tech players like Facebook and Google parent Alphabet.
As you can see, the list is massive. Such an enormous number of earning reports will make the broad index, such as the US 500, move. And, concerning weak September and October, and mostly positive expectations, we should consider the market will be for the bulls.
The final wave of the earnings season happens in the fourth week. There are not many companies in it, and this week of earnings is heavier on companies in the healthcare, real estate, industrials, materials, and utility sectors.
Some of the companies will be able to weigh in on the potential benefit from the long-awaited infrastructure package that’s still working its way through Congress.
Whether you’re a new or experienced investor, earnings season is always an interesting time to learn more about specific companies—and broader industry trends.
Don’t miss the opportunity, learn with FBS!
Coinbase (#COIN) saw its revenue rise to $773 million in Q1 2024, marking a 23% increase from the previous quarter and surpassing analyst expectations.
During his program on CNBC on February 28, Jim Cramer expressed frustration with the impact of earnings reports on market behavior, noting how they often prompt rash decisions by average investors. He criticized the short-term focus and lack of attention to nuance in news coverage of earnings. Cramer cited examples of Home Depot and Lowe's, highlighting how investors reacted hastily to headline news without considering the broader context provided in earnings calls.
As the year winds down and the festive spirit takes hold, the stock market often presents a curious yet anticipated phenomenon known as the Santa Rally. Within this whirlwind of festive trading, let’s look at how two titans of the tech world, Amazon and Apple, might fare during this unique season.
Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...
Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
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