Earnings Watchlist – 17-21 October 2022
Earnings season begins to ramp up this coming week with hundreds of stocks reporting earnings, the bulk of which are in the Bank group and Financials sector. In todays post I've cut the list down to 48 of the stocks reporting to give a reasonably broad overview.
Due to the current state of the market many are not in a good position from a Stage Analysis perspective as many are still in deep Stage 4 declines. However, there are those that have been building Stage 1 bases for many months and so might be in a potential position to move into early Stage 2, via gap up significant bars, which I've seen referred to by multiple names such as a PEG (Power Earning Gap) for example. But whatever you call them, they are a potential change of behaviour and often signal institutional accumulation, which can go on for many weeks or months even. So they are important to identify for trading opportunities, but also to then track the following days/weeks behaviour, as they become a useful piece of market breadth data also.
However, earnings gaps often follow the trend more often than not. So just because a stock is in a deep Stage 4 decline, and is already down 70%+, doesn't mean it can't gap lower on earnings results and continue even lower. So don't degen, and try to buy what might look like a bargain ahead of earnings, as those bargains are often bargains for a reason. So always consider risk first and wait for the earnings results, and then you can focus on those stocks showing relative strength and institutional accumulation in the volume, rather than gambling on weakness.
I'll discuss these and more in the Stage Analysis Members Weekend Video, which will posted later today (Sunday).
Earnings Watchlist: 17-21 October 2022
AA, AAL, ABT, ALK, ALLY, ASB, AXP, BAC, BJRI, BK, BKR, BX, DOW, FCX, FNB, FULT, GPC, GS, HAS, HBAN, IBKR, IBM, IRDM, ISRG, JBHT, JNJ, LBRT, LMT, LRCX, MAN, NDAQ, NFLX, NOK, NUE, PG, PM, SBNY, SCHW, SI, SLB, SNAP, STLD, STT, T, TRV, TSLA, UAL, VZ,
Monday
BAC, BK, SCHW
Tuesday
UAL, STT, FNB, FULT, SBNY, SI, LMT, NFLX, GS, IBKR, ISRG, JNJ, HAS, JBHT
Wednesday
AA, TSLA, ALLY, IBM, NDAQ, BKR, LBRT, PG, ABT, TRV, LRCX, STLD
Thursday
AAL, ALK, BX, GPC, ASB, MAN, DOW, T, SNAP, IRDM, FCX, BJRI, NUE, NOK, PM
Friday
HBAN, AXP, VZ, SLB
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Disclaimer: For educational purpose only. Not investment advice. Seek professional advice from a financial advisor before making any investing decisions.