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Can a Water Company Grow at Tech Rates? XylemXylem's Growth in Q2: Resilient Demand Amid Asset Challenges Xylem Inc. raised its annual profit forecast on Tuesday after posting higher-than-expected second-quarter results, driven by robust demand for its water and wastewater treatment products. The company now anticipates an adjusted profit for 2024 between $4.18 and $4.28 per share, up from its previous forecast of $4.10 to $4.25 per share. CEO Matthew Pine highlighted resilient demand in Xylem’s largest markets as a key factor in this optimistic outlook. Furthermore, Xylem revised its annual revenue outlook upwards to $8.55 billion from about $8.50 billion. Quarterly revenue surged nearly 26% to $2.17 billion, surpassing analysts' estimates of $2.15 billion. Notably, sales from its water infrastructure unit reached $690 million, beating expectations of $655.28 million. This segment, which focuses on the transportation, treatment, and testing of water, includes a diverse range of products such as water and wastewater pumps. On an adjusted basis, Xylem reported a profit of $1.09 per share for the quarter ending June 30, exceeding forecasts of $1.05 per share. However, a review of the 8K revealed some asset challenges. Cash and cash equivalents decreased to $815 million from $1,019 million in the prior quarter. Receivables remained relatively unchanged at $1,675 million, compared to $1,617 million previously. Inventories saw a slight increase, rising to $1,057 million from $1,018 million. While Xylem’s revenue and profit forecasts are encouraging, the decrease in cash reserves and "stable" receivables suggest a need for careful asset management moving forward. This raises the question: Can a water company sustain growth at tech rates? With strategic acquisitions and strong market demand, Xylem shows potential, but effective management of its assets will be crucial to maintain its impressive trajectory in the water technology industry.
NYSE:XYL
by TwoBULLISH
Topping Pattern Ahead of Earnings: AAPLNASDAQ:AAPL needs to have a great earnings report on August 1st but it has a topping formation at the moment, after huge speculation from promoting something that is not yet proven to increase sales. You can't take hope to the bank. Speculation occurred as investors assumed that AI would sell more new iPhones in droves. This earnings report will reveal reality one way or another. There is a negative divergence between the price trend and accumulation/distribution suggesting there may have been quiet rotation against the retail speculation.
NASDAQ:AAPL
by MarthaStokesCMT-TechniTrader
Musk's Warning to Gates Backfires: Tesla's Mixed Q2 ResultsApproximately a week ago, Elon Musk cautioned Bill Gates against shorting Tesla stock, suggesting potential negative consequences. However, the situation has shifted, with Tesla's stock price experiencing a significant $20 drop following the release of its earnings report in the aftermarket. Tesla's Q2 2024 results were a mixed bag, leaving many questions unanswered. While sales increased by 7% compared to the previous year, overall revenue from car sales declined. This news is concerning for investors who primarily view Tesla as a car manufacturer. Additional points of interest for investors include the timeline for the release of Tesla's new range of affordable vehicles designed to compete with aggressive Chinese manufacturers, which is expected in the first half of 2025. Moreover, the company has postponed plans for increased factory productivity and the unveiling of self-driving vehicles until 2025 and October 2024, respectively. The lack of clear communication from Elon Musk and his team regarding these developments has contributed to investor uncertainty and subsequently impacted the share price. Key takeaways from Tesla's Q2 2024 results Earnings per share (EPS) : $0.61, down from $0.91 in Q2 2023 but up from $0.45 in Q1 2024. Revenue : $20.16 billion, a 5% decrease compared to the same period last year, but a 16% increase from Q1 2024's $17.38 billion. Deliveries : 444,000 vehicles, exceeding expectations but still 5% lower than the same period last year. Several factors have contributed to a decrease in demand for Tesla vehicles, including high-interest rates, which make financing vehicle purchases more expensive for consumers. Additionally, the impact of Tesla's aggressive price cuts from the previous year is diminishing, and competition is intensifying, particularly in the Chinese market. In the domestic market, Tesla is losing ground to competitors like General Motors and Ford. Despite these challenges, Tesla's share price had experienced a 33% increase in the first eight days of the month, adding $209 billion to the company's valuation. Looking ahead The weekly chart indicates that Tesla's share price has rebounded from its April 2024 low of $140, surpassing the 200-day simple moving average (SMA) and the falling trendline from November 2021. Buyers will aim to reclaim the September 2023 high of $278 before targeting the 2023 high of $300. Immediate support levels are at $230 (200 SMA) and $223 (falling trendline). A drop below these levels could lead to the 100 SMA at $210 becoming a potential downside target.
NASDAQ:TSLAShort
by WHSelfInvest
$T cheapest good R:R earnings play2024-07-23 at 3DTE NYSE:T Jul 26th 16/17 Put Ratio Spread Options Overlay indicator and Options Screener in action. Tomorrow before open : Earnings Max loss: $2.5 Max profit: $97 Bp.req: $200 Bearish micro, bullish macro. I expect that even in the event of a possible fall, the 4/8 will hold the price. If it doesn't, then the upward macro trend. So I went for a pretty safe-looking trade, with the green rage showing the range of returns, so I will sleep well :) PUTS = CALLS equally priced for 3DTE.
NYSE:TShort
by TanukiTrade
GOOG: Risk for HFT Gap on EarningsThe mighty NASDAQ:GOOG has hit the Market Saturation Phase and its advertising AI is one of the primary problems. Alphabet is losing small business advertisers in droves as prices skyrocket to advertise on Google Ads while results are dismal for the advertisers. This run down is due to speculation that is not based on financial data. It may find support at this level, but it is vulnerable to an HFT gap down. It is never a good sign to see selling a few days ahead of an earnings report. A gap up would be based on Year over Year, not quarterly improvement.
NASDAQ:GOOG
by MarthaStokesCMT-TechniTrader
$TSLA not done going higher. $320-$330 by July 24. GET LONGSo we already know that Tesla deliveries came in 9000 more than what was expected, 438,000 expected verse 447,000 that Elon Musk posted on Twitter a couple weeks ago. Last quarter earnings per share of $.47 was slightly missed, and on July 23 they’re expected $.60 per share earnings. So IMO, That could indicate that even a slight earnings beat on revenue and earnings, would propel the stock to complete wave three at 2.618 Fibonacci level. never mind, the whole Robo-taxi delay, which caused an 8% decline on Thursday along with the rest of the Big tech Nasdaq. I don’t think robotaxi is realistically a factor in their valuation just yet.
NASDAQ:TSLALong
by jgeno
3
Nike’s Troubles Could Persist After Poor Results & Stock SlumpLess than a year after posting its longest losing streak on record, Nike’s stock registered its worst day ever, erasing nearly $20 on Friday. The collapse came after the sportswear giant reported poor Q4 FY2024 results and offered disappointing guidance. Revenues shrank 2% y/y, the most in four years, with executives expecting a stepper decline of 10% in the current quarter. But the bad news stop there, as they also reversed their full FY25 outlook, now seeing a mid-single digits drop. The firm faces increased competition from startups like On running, while Adidas seems to be regaining its stride. Nike’s direct-to-consumer pursuit gave way to competitors and proved to be a mistake. Sales in Greater China grew in the reported quarter, but the was mainly due to the 6.18 promotional festival and this critical region remains a source of uncertainty. At the same time the external environment remains unfriendly for discretionary goods, as US inflation lingers, borrowing costs remains high, the excess pandemic savings that supported spending are now gone and credit card delinquencies are rising. The Consumer Discretionary SPDR ETF (XLY) gains less than 5% YTD as the S&P500 soars, but over performs compared to Nike’s nearly 30% YTD losses. It is clear that Nike’s problems are likely to persist and continue to weigh on the stock. Friday’s historic plunge exposes NKE to the 2020 lows (60.00). On the other hand, Nike’s leadership has been taking action to mitigate the issues. It is putting emphasis back on third party vendors, sales through which increased in the last quarter. It is cutting costs, which helped its gross margins and net income to widen in Q4FY24. Nike is also refocusing on innovation, which could help it regain its edge over rivals. The two major sporting events of the summer, the Euro 2024 football championship and the Paris Olympics, can help it regain its appeal. The turnaround efforts create optimism for the future, but they will take time and the next few quarters are likely not going to be easy. Technically the drop of NKE is stretched and a rebound would be reasonable. However daily closes above the EMA200 (black line) would be needed for the bearish momentum to pause and that does not look easy under current conditions. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website: Stratos Markets Limited clients please see: www.fxcm.com Stratos Europe Ltd clients please see: www.fxcm.com Stratos Trading Pty. Limited clients please see: www.fxcm.com Stratos Global LLC clients please see: www.fxcm.com Past Performance is not an indicator of future results.
NYSE:NKEShort
by FXCM
Adobe (ADBE): Earnings Report to Trigger Major Move?With Adobe's earnings report due tomorrow, we have analyzed the weekly chart to get a clearer picture. We started our count in November 2018, identifying the sub-waves 1 and 2 leading up to the primary Wave (1). This Wave (1), like the preceding sub-waves, experienced a very rapid sell-off. Such quick declines are unusual for Wave 2s, but in this chart, it repeats frequently, confirming our interpretation despite being atypical. We have now identified the sub-wave 1 of the overarching Wave (3). This range and its midpoint have been well respected, and we are currently at the midpoint. Two scenarios could unfold: • Negative Earnings Report : If the earnings report disappoints, the price could fall into the Weekly Order Block Cluster around the 78.6% Fibonacci retracement level, approximately $350. This would likely result in a significant pullback within the range. • Positive Earnings Report : If the earnings report is strong, the price could shoot up, creating a breakout gap. After this initial surge, we might see a retrace back towards the midpoint of the range before continuing upwards to potentially make a new high above $700. Given the uncertainty, we are not placing any entries at this time. We will wait to see how the earnings report affects the price action and then consider potential positions based on the developments.
NASDAQ:ADBELong
by freeguy_by_wmc
1
COST: Technical Strength Ahead of EarningsMuch of the Consumer Defensive industry and most Discount Stores have been in decline due to rising inflation. Many stores are struggling with lower revenues due to higher costs and their customers being more frugal during rising inflation periods. NASDAQ:COST is an exception with its massive strategy to buy food and common consumer necessities directly from producers and manufacturers and then use the Costco private label, Kirkland. The quality of the packaged food or clothing or other consumer product is the same, but with its ability to buy huge quantities, it has higher revenue growth after the pandemic that other stores would envy. The stock needs to settle into a sideways or platform trend to pattern out some excessive pricing structure from last quarter. It reports May 30th and the trend implies that the report should meet or exceed estimates. The previous Fundamental level is a Dark Pool Buy Zone, providing solid support. Pro traders followed that with a new pattern I call "the Nudge" which tends to lead upward momentum.
NASDAQ:COSTLong
by MarthaStokesCMT-TechniTrader
Snowflake - going to miss the earnings?!Today, Snowflake’s earnings are due, and it’s an important event to watch. Looking at the stock’s history since its debut on the New York Stock Exchange in September 2020, we can identify a crucial zone that initially acted as support but has since turned into a resistance zone. We’ve seen attempts to break above this resistance at around $210, but these have been unsuccessful, with the price falling back below this level leaving behind an earnings gap. Currently, we have what can be referred to as the "Mother-of-all-Trend-Lines." These are two trendlines running parallel, forming a channel that has been critical in maintaining the chart’s structure. This channel is crucial for holding the overall trend of the chart. For Snowflake to realize its upward potential, it needs to sustain these trendlines and break above the resistance zone at $210. Successfully flipping this resistance into support, particularly with the support of the high-volume node, is essential for a push upwards, unlike what happened at the beginning of 2024. While there is significant upside potential for Snowflake, it will take time. The stock must not only hold the "Mother-of-all-Trend-Lines" but also convincingly break and maintain the $210 resistance level. A closer look at Snowflake reveals that the high-volume node (HVN) plays a critical role in the chart's overall structure. The upper edge of this HVN has worked with the resistance zone, serving as a strong resistance point. Meanwhile, the lower edge has acted as a solid support line, holding up the price on four occasions. We could see another test of the Point-of-Control (POC) before potentially moving higher. There's a significant earnings gap of approximately 14% that needs to be closed. According to typical charting techniques, all gaps are eventually closed; the question is only when. We believe that this gap will be at least tested. Whether it will be fully closed depends on if the resistance zone around $210 can be flipped into support. If Snowflake fails to flip this resistance, we might only see a gap test followed by another sell-off. The situation remains uncertain, so we plan to stay on the sidelines for now, closely monitoring the developments. We will observe how the stock behaves around the POC and the resistance zone to determine our next move.
NYSE:SNOW
by stromm_by_wmc
Technical Study of Fundamental Support for NVDA EarningsNASDAQ:NVDA is the NYSE:GE , NASDAQ:MSFT , or NYSE:GM of prior Great Bull Markets of the past. It is overly influential; when it moves so too do most of the other semiconductor, electronic components, gaming stocks, etc. Too much importance is placed on this one lone stock. It is just one of many companies that are leading this new Great Bull Market. However, NVDA has an earnings report due out Wednesday May 22. The black line defines the support that has held the stock even when the overall sentiment of retail groups was selling other stocks down more steeply than this one. The sideways trend is not developed enough at this time to pattern out any excessive pricing above fundamentals. The question is where are the fundamentals right now--obviously well above the lower level outlined in blue, which was the previous fundamental support level. The sideways support of February, outlined in orange, was the start of a fundamental support level before retail traders and smaller funds went bonkers on their excitement about NVDA beating expectations. One good indication that fundamentals are within the current wide sideways trend is the fact that this stock has been trending back up to a narrow sideways trend, outlined in green. Watching this stock this week can provide some more information for pre earnings run activity. Holding through to the earnings date poses higher risk as HFTs are gapping stocks down on earnings news that is not bad news but a minor weakness somewhere in the earnings report.
NASDAQ:NVDA
by MarthaStokesCMT-TechniTrader
DIS Testing Fundamental SupportWhen Americans feel depressed or unhappy about life, they tend to spend more money on fun things--something to consider during a presidential election year. For now, NYSE:DIS is looking fine for its earnings report next week. It was over-speculated, so adjusting back down closer to fundamental support is normal. The gap up in February was on way better than expected earnings, so that level should hold up well. However, HFTs and MEME groups have been going gaga over earnings and other news. If HFTs or MEMEs drive it down, it will move right back up due to Dark Pool activity first, and then pro trader activity.
NYSE:DIS
by MarthaStokesCMT-TechniTrader
Even AMZN may struggle at 2021 HighsNASDAQ:AMZN rebounded off a gap up support level which implies that this is where fundamentals are likely to be. The stock's price shows resilience and no HFT interference for now, even after the Q1 earnings report after market yesterday. Amazon has more than just its retail consumer and small business products. It has AWS with AI integrated to help the small businesses that sell via AMZN. AMZN weekly chart shows that the highs of this month ran into the 2021 all-time highs. Note the negative divergence between the price trend and the Accumulation/Distribution indicator line, indicating a lack of buyers at that high. This resistance level is likely to take another quarter or more to overcome unless there is a big surprise. This goes for all companies, not just AMZN.
NASDAQ:AMZN
by MarthaStokesCMT-TechniTrader
CARVANA $CVNA | RANGE BREAKOUT BEFORE EARNINGS - Apr. 23rd,CARVANA NYSE:CVNA | RANGE BREAKOUT BEFORE EARNINGS - Apr. 23rd, 2024 BUY/LONG ZONE (GREEN): $72.50 - $81.25 DO NOT TRADE/DNT ZONE (WHITE): $68.50 - $72.50 SELL/SHORT ZONE (RED): $60.00 - $68.50 Weekly: DNT Daily: DNT 4H: DNT, lean bullish This was requested at the end of last week but I didn't get around to it. I drew up this NYSE:CVNA chart analysis yesterday as I was entering a new trade, but wanted to wait until today to post it. I did not adjust the zones and kept them as they were yesterday, even though today price has already broken into the bullish zone, there is still room to enter new trades to the upside, or if bears want to take on some extra risk they could enter extremely early here if they expect a pullback. Earnings release next Wednesday, May 1st, 2024, and I'm looking to take advantage of possible volatility. NYSE:CVNA has broken down structure on the weekly timeframe, developed bearish structure on the daily (which is now broken as of today), and had a defined range on the 4H (which was also broken as of today). Previous NYSE:CVNA trade idea is linked below! This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas. ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE! trendanalysis, trendtrading, priceaction, priceactiontrading, technicalindicators, supportandresistance, NYSE:CVNA , carvana, carvanastock, cvnastock, cvna, carvanaearnings, earningsreport, earningsrelease, carvanaearningsreport, carvanatradeidea, carvanapricerange, rangebreakout, rangebreakdown, carvanarange, rangetrading, chartpatterntrading, chartpatterns,
NYSE:CVNA
by TonyAiello
2
Alphabet Q1'24 Earnings Report. Full UpAlphabet announced First Quarter 2024 Results. Sundar Pichai, CEO, said: “Our results in the first quarter reflect strong performance from Search, YouTube and Cloud. We are well under way with our Gemini era and there’s great momentum across the company. Our leadership in AI research and infrastructure, and our global product footprint, position us well for the next wave of AI innovation.” Ruth Porat, President and Chief Investment Officer; CFO said: “Our strong financial results for the first quarter reflect revenue strength across the company and ongoing efforts to durably reengineer our cost base. We delivered revenues of $80.5 billion, up 15% year-on-year, and operating margin expansion.” Revenues B$80.539, Change in revenues year over year +15 % Operating income B$25.472, Operating margin +32 %. Diluted EPS $1.89 ($1.511 Estimated). Dividend Program Alphabet’s Board of Directors approved the initiation of a cash dividend program, and declared a cash dividend of $0.20 per share that will be paid on June 17, 2024, to stockholders of record as of June 10, 2024, on each of the company’s Class A, Class B, and Class C shares. The company intends to pay quarterly cash dividends in the future, subject to review and approval by the company’s Board of Directors in its sole discretion. Stock Repurchases Alphabet’s Board of Directors today authorized the company to repurchase up to an additional $70.0 billion of its Class A and Class C shares in a manner deemed in the best interest of the company and its stockholders, taking into account the economic cost and prevailing market conditions, including the relative trading prices and volumes of the Class A and Class C shares. The repurchases are expected to be executed from time to time, subject to general business and market conditions and other investment opportunities, through open market purchases or privately negotiated transactions. Technical graph indicates on Strong Bullish Sentiment.
NASDAQ:GOOG
by Pandorra
GE Aerospace Needs to CorrectAfter many years of struggle due to the Banking Debacle of 2008, this venerable old company is finally showing strength again. Spinning off divisions to focus on and drive growth in the key businesses was exactly what was needed. NYSE:GE Aerospace is over-speculated now. The run up from the heavy accumulation during the last half of 2023 is too steep to sustain. Smaller funds have been driving it upward since March, causing the more volatile action recently. It had a small gap up on earnings this week but it still needs to correct, either down or sideways . It has the look of a stock with short-term topping risk at the moment, but extended sideways action could adjust out the overextended uptrend instead.
NYSE:GE
by MarthaStokesCMT-TechniTrader
ISRG: Controlled Sideways Patterns Ahead of EarningsThe Medical Instruments and Supplies industry had stellar growth until 2022, when it could not beat that anomaly in revenue growth which was one of the primary reasons for the intermediate-term correction in 2022. 2023 patterned out the abnormal revenues and earnings for most industries that benefited from either the pandemic or from the government OVER-stimulation of the US economy via mega amounts of stimulus checks to WORKING people. Stimulus checks should have been allocated to the unemployed only. That would have lessened the impact of the resulting anomalies. If anyone had bothered to study pandemic history, the impact would have been much less severe for American families and the economy. As with hundreds of stocks at this time, NASDAQ:ISRG is trending sideways. This is not a perfect platform yet, but the sideways action has some of the traits of a platform such as consistent highs and lows from the perspective of a weekly chart. The stock is above its previous all-time high now, which provides a technical support level. The weekly chart shows that there has been Dark Pool accumulation and professional traders in the mix. IF the earnings report next week shows steady growth in both revenues and earnings in the 1st quarter, and IF the CEO's projections are positive, the stock could have an HFT gap up. If there was a negative surprise coming, the CEO should have warned by now. HFTs can make mistakes and gap it down. But if HFTs trade it down, then the stock price will immediately run back up into that sideways price level. If the report indicates a flat or minor improvement, then it is likely to remain within the sideways trend for another quarter. A controlled entry above the highs of the current sideways action eliminates that risk factor for either swing trading or position trading.
NASDAQ:ISRG
by MarthaStokesCMT-TechniTrader
Time to Test Some Lower Levels for SupportBack in December when NVDA was trading in the 490s I posted an idea (linked) predicting it would make a run to 660. It went above and beyond that, and now its at a point where I'm exiting long positions and watching it closely for a chance to short. At this point, I think it is still risky to short, but staying long is foolish. NVDA has started a distribution phase and has earnings as a catalyst this week. What remains to be seen is if this distribution phase will have an upthrust (UTAD) to achieve one more higher high, or if it will get its sign of strength to the downside. Bulls might ask why would it reverse now? - because increasing demand has become unsustainable with out making a pullback to establish some significant support below. ----------------------------------------------------------------------------------------------------------------- Near Term expectations for price action: - I'm looking to enter some near-term puts on other names next week, but I'm not playing NVDA until after earnings (there are better plays) - But I think NVDA (and semis group) is arguably most important driver of overall market currently *** 715 is the most important level - If 715 holds as support NVDA will see a higher high in the coming weeks - If it sees a sustained break below 715 then it will become bearish near-term and will need to test some lower levels for support before attempting new high Chart - important areas explained: ** If NVDA is trading inside the shaded green diamond going into earnings then I'm expecting a gap up following the report to breakout above 742 3 most likely paths: GREEN arrow (bullish): drop to test 715 going into the earnings report and then breakout above 742 - if this occurs my upside targets will be 777, 792 and 816 by end of March 2024 RED Arrow (near-term bearish, but will provide buying opportunity): break below 715 to around 697-707 and then test 715 for resistance but get rejected ( if this occurs I will buy Mar 1 puts, and my downside target will be 661-683 by 2/28-3/1 ) black arrow ("worst case" scenario bearish): I don't think NVDA will crash but its setup does actually allow that as a possibility if 661 fails as support)... in this scenario we will get the same price action as the RED path, but 661 would fail as support. If this occurs there is downside risk to 560 and my targets will become 619, 585, 560 .. This would actually be the best case scenario for traders ha $$$$ - not enough evidence yet to expect this but I am watching close. See linked ideas of my previous NVDA long ideas if you need validation that I'm not just some doomsday preacher, I'm looking at it unbiased as possible.
NASDAQ:NVDA
by JerryManders
56