Home ยป It Is Time For Earnings To Take Center Stage

Earnings take center stage

It Is Time For Earnings To Take Center Stage

Subscribe to The Free Market Chronicle and join the 2,722 subscribers getting it for FREE!

It Is Time For Earnings To Take Center Stage

Michael Kramer and the Clients of Mott Capital own GOOGL

Earnings take center state with companies like Facebook reporting today, and tomorrow we get Microsoft, Intel, and Amazon. It doesn’t get much bigger, and Facebook didn’t disappoint.

But first…

[widget id=”text-19″]

Broader Markets

The S&P 500 continued to bounce around today, with the index finishing the day slightlyย higher up about 20 bps. The index managed to stay on the breakout side of the of the downtrend we crossed on April 11, and it has acted as support, to this point.

spx

[widget id=”text-16″]

VIX

Meanwhile, the VIX has remained on the other side of 20, and that is also a positive.

vix

[widget id=”text-22″]

Facebook

Facebook, may have put some questions to rest, with its strong quarterly results. The company reportedย daily active user wasย up 13 percent to 1.45 billion on average. The second quarter will give a better reading of active users post the data scandal, but my gutย suggests that the impact will be minmal, at least from my usage, and I have noticed a slowdown in my friends ussage either.

Revenue for the quarter grew to $11.97 billion, versus estimates of $11.41 billion. EPS came in better than expected, at $1.69, vs. estimatesย of $1.35.ย  Shares were up about $12 in the after-hours trading around $171. I got the retest of $150; post-results wrong!

[widget id=”text-23″]

AMD

Another call I got completely wrong was AMD, shares of that one are jumping after hoursย as well, to aroundย $10.70. The company reported better than expected earnings per share of $0.11 per share, vs. estimates of $0.09 per share. Meanwhile, revenue also topped estimatesย at $1.65 billion, vs. estimates of $1.57 billion. The company also sees revenue in the second quarter at $1.725 billion, better than estimates of $1.57 billion.

0 for 2, out of five earnings predictions, and if you count Alphabet from Monday, that makes 0 for 3.

[widget id=”wordads_sidebar_widget-41″]

Tomorrow

Tomorrow Amazon, Microsoft, and Intel report. I think if Intel can put a good report on the back of Texas Instruments, and Qualcomm it will give the semis a good jolt. The group has been walloped in recent days and needs to some positive newsflow.

[widget id=”text-28″]

Boeing

Boeing had a nice bounce today following its strong results, but the stock action didn’t impress me so much. Shares where up about 4 percent, basically regain the lost ground from yesterday.

boeing

[widget id=”text-23″]

Cat

To this point, Caterpillarย has been able to stay above support at $143, and I think that is a huge positive. It is a critical level for the stock.

cat

[widget id=”wordads_sidebar_widget-41″]

Yield

Finally, the 10-year got to a significant level today, right around 3.04 percent. We could see a considerable accelerationย higher if we rise much above current levels.

That’s it.

-Mike

Mott Capital’s Reading The Markets –ย An In-depth Global Macro Stock Market Commentaryย –ย In Video Format – See How Michael Dissects The Markets

Just $200 Per Year – Get Your Free 2 Week Trial

Recent Videos:

The Market Continues To Sink

It’s Back! Apple Investors Are Worried Once Again

A Review Of Netflix, IBM And Earnings Outlook

Taking A Look The Banks, And Prepping For Earnings Season

Passive Investing May Not Work In 2018

Stock Surge, A Breakout Is Close

Trade War Worries Returns

Free Articles Written By Mike:

Microsoft Traders See 10% Stock Drop as Earnings Near

Why Biogen’s Stock Rebound Is Good News for Biotechs

Netflix Stock Seen Rising 11% Amid Raised Forecasts

Micron, Intel Seen Rebounding 10% Short Term

Merck Shares Seen Rising 12% as Profits Jump

Chipmaker Stocks May Fall 10% Over the Short Term

Biotech Stocks Face a Steep Drop

AMD’s Stock Faces 14% Swings on Uncertain Earnings

Traders Bet Qualcommโ€™s NXP Takeover Will Fail

Apple’s Stock Sharp Decline May Be an Overreaction

Facebook Bulls Forecast Massive Gains for Stock

Why Qualcommโ€™s Stock Bulls May Be Dreaming

eBay Options Traders See 15% Stock Drop Ahead

Why FedEx Stock Is Ready to Fly

Verizon’s Stock Breakout May Lead To 12% Gain

eBay Options Traders See 15% Stock Drop Ahead

Salesforce Options Traders Bet Stock Will Rise 11%

Why American Express Shares May Jump 14%

Why Micronโ€™s Stock Is Running Out of Gas

Why Big Bank Stocks Are About to Crumble

Why McDonald’s Stock Turnaround May Fizzle

Square’s Stock Is Facing Steeper Declines

Netflixโ€™s Breakout May Boost Stock to Record Highs

Join our 2,722 Daily Subscribers And Get This Commentary In Your E-Mail! Subscribe

-OR-

[vc_tweetmeme type=”follow” follow_user=”michaelmottcm” show_followers_count=”true” large_button=”true”]

 

Photo credit via Flickr

Mott Capital Management, LLCย 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.ย Upon request, the advisor will provide a list of all recommendations made during the past twelve months. Past performance is not indicative of future.

ยฉ 2018 Mott Capital Management, LLC.ย  Use, publication or reproduction in any media prohibited without the permission of the copyright holder.

Tags: #stockmarket #tesla #chips #stocks #model3 #netflix #verizon #ibmย