5 Monster Earnings Predictions For the Week of July 29

This column is my opinion and expresses my views. Those views can change at a moments notice when the market changes. I am not right all the time and I do not expect to be. I disclose all my positions clearly listed on the page, and I do not trade my account on the stocks spoken of in this column unless fully disclosed. If that does not work for you stop reading and close the page. Do not bother me or harass me.

Otherwise, enjoy the column!

Subscribe to the Monster Stock Market Commentary and join the 2,065 subscribers getting it for FREE every day!

Follow Us on StockTwits

For the Week of July 29 – Stock mentions AAPL, AMD, QCOM, SHOP, SQ

Michael Kramer and the clients of Mott Capital own AAPL, MSFT

Premium Content: The Better Pick Amazon Vs. Microsoft

Between earnings and economic data, it will be a busy week for investors. So far earnings this season have been coming in better than expected. According to the latest data from S&P Dow Jones, 43% of S&P 500 companies have reported results. Of those, 76.5% have topped estimates, with 15.2% missing estimates and 8.3% meeting estimates. That is better than last quarters results and is running ahead of the historical averages.

(Data from S&P Dow Jones)

Earnings Drift Lower

Despite the better than expected results, S&P 500 earnings estimates for 2019 continue to drift lower, now standing $162.65 per share, down from $163.13 last week.

Earnings for the week of July 27

(Data from S&P Dow Jones)

For The Week of July 29

It makes the earnings for the week of July 29 pretty important, and we need to continue to see companies deliver strong earnings results. I think for the most part we should expect that trend to continue.

Apple (AAPL)

Apple is the most crucial company this week and is scheduled to report results on Tuesday afternoon.  AAPL has been rising in a channel the past few weeks. Now it is consolidating nicely around technical resistance at $209.50. I think AAPL has the potential to break out and rise towards $217.50.

apple, aapl

AMD (AMD)

AMD will report results on Tuesday afternoon, and AMD has been consolidating nicely around resistance at $34.50 for the last two weeks. The chart is a nice ascending triangle, and it appears that AMD is getting ready to lift higher towards $36.20.

amd

Qualcomm (QCOM)

Qualcomm is also due to report results this week. It would appear that a flag or pennant pattern has formed on the chart, and I think that means QCOM rises to around $82.

qualcomm, qcom

Shopify (SHOP)

Shopify reports on Thursday morning, and it appears that SHOP has a nice ascending triangle that has formed. I think that means SHOP could rise to around $390.

shopify, shop for the week of July 29, earnings

Square (SQ)

Finally Square will report on Thursday afternoon. There is a nice ascending triangle forming here too, and I think that pushes the SQ towards $92.

square, sq, for the week of July 29, earnings

Have an awesome Saturday!

-Mike

Mott Capital Management, LLC is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Upon request, the advisor will provide a list of all recommendations made during the past twelve months. Past performance is not indicative of future results.

[mailpoet_subscribers_count]
2,065
[mailpoet_subscribers_count]
2,065
%d bloggers like this: