7 Monster Earnings Predictions for The Week of July 22

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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

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7 Monster Earnings Predictions

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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.

SNAP

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.

boeing, ba

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.

facebook, fb

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.

Tesla, tsla

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.

amazon, amzn

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.

alpahbet, googl earnings predictions

Intel (INTC)

Intel has also been trending higher, and I think the stock continues to move higher towards $53.

Intel, intc earnings predictions

Let’s see how many of these predictions I actually get right!? 🙂

Have a great Sunday!

-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.

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