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Earnings Predictions for the week of July 22 – Stock mentions: SNAP, BA, TSLA, FB, AMZN, GOOGL, INTC
Michael Kramer and the clients of Mott Capital own TSLA and GOOGL
It is going to be a busy week for earnings, with companies like Facebook, Tesla, Alphabet, Amazon, and more all reporting results. So I’m going to give you predictions using a technical take only on the stocks. Usually, I do options and fundamental analysis too, but there are just too many companies this week to that. I am going to present in order of when they are reporting.
And no, I am no Nostradamus
Listen to my latest Free Podcast:
7 Monster Earnings Predictions
Premium content: Cisco’s Stock May Rise Heading Into Results
SNAP (SNAP)
Snap is first up, and the stock hasn’t been acting particular well heading into these, usually not a good sign. The chart doesn’t look particularly strong either. SNAP has fallen below an uptrend and failed at resistance at $16. The RSI is also starting to know trend lower, suggesting momentum has turned from bullish to bearish. I think there is a good chance the stock is trading around $13.20 follow results.
Boeing (BA)
Boeing seems it can’t do any wrong. No matter what the negative headline the stock goes up. It sticks to the long-term uptrend like glue and has once again cleared resistance around $370. I wouldn’t be surprised to see the stock trading around $400 or higher following the results.
Facebook (FB)
Facebook has a history of crushing earnings estimates, and I’m sure this quarter will be no different. I think the stock trades back to its all-time highs around $219.
Tesla (TSLA)
TSLA I have been saying is going higher since $195, and I still think it’s going higher, but this time to $300.
Amazon (AMZN)
Here is a different view of AMZN I haven’t shared before and because of it, I think the stock trades down to around $1810 after the company disappoints with weaker than expected revenue.
Alphabet (GOOGL)
Alphabet learns from its first quarter mistakes and puts up a better quarter with better commentary. The stock continues to trend higher and continues to work towards filling the gap at $1,300.
Intel (INTC)
Intel has also been trending higher, and I think the stock continues to move higher towards $53.
Let’s see how many of these predictions I actually get right!? 🙂
Have a great Sunday!
-Mike
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