Will earnings Season push S&P to new lows? With the latest US earnings season underway, plenty of investors are still wary of making investment decisions. They hope that the earnings results will serve as guidance as to how the next few months will look like before factoring in fresh monetary policies and inflationary measures.
Earnings and the S&P 500
In the lead up to the earnings season, A Bloomberg survey showed that more than 60% of its 724 respondents believed the third-quarter earnings season will push the S&P 500 index lower.
But data from American financial data and software company FactSet is painting a different picture, revealing analysts' expectation of a roughly 7.5% growth in the earnings for S&P 500 companies for this year and the next, despite investors' fear of a worsening economic downturn.
Federal Rate decision
While investors are seeking clarity from the third-quarter earnings season, industry players and analysts are united in the belief that the Federal Reserve's rate decision will likely override any positive momentum and have major impact to stock performance moving forward.
JPMorgan CEO Jamie Dimon said depending on whether the Federal Reserve engineers a soft or hard landing for the economy, the S&P 500 could fall another 20%. It came with a warning on Monday that the US would likely fall into a recession over the next six to nine months. In contrast, the International Monetary Fund, said Tuesday that it expects the US economy to grow 1%.
The price of goods and services in the US continued to grow in September, with the consumer price index 8.2% higher than the prior-year period. The Federal Reserve and some economists maintain that demand generated by a hot labor market and higher wages fuel inflation and that higher unemployment and interest rates are the solution to bring it down.
President of Yardeni Research Ed Yardeni expects the S&P 500 to wait until the end of 2023 to be back at its peak, while other analysts are betting on an improving outlook that will push stock prices higher, the New York Times reported.
Stockstowatch
Twitter ($TWTR) Can Rise Much Higher, Wait For A BreakoutTraders and Investors, Twitter currently is at an important structure zone. If that zone is broken and confirmed, it can rise much higher to the targets shown in the chart.
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The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
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We are definitely going to see a plunge down after earnings.I think we're going to see a dip to mid $20's sometime in November before we see any movement upwards. Long term it looks like it wants to settle between $37-$40 range for a fair price. That's plotting the chart from 1987 till now. Using also a fib from 2020 to present day. They are also going to report a -$20 million dollar loss on their earnings report this October if you look at their SEC Q-10 form filed. I think that's definitely where we'll see the plunge to the mid $20's. Every other linear regression line I've plotted with different extreme lows and highs from 1990 till now, have it within the $35-$40 range. I've written some CC's and bought puts to collar my trade expiring deep into 2023. I go my parachute ready lads, I suggest you guys do the same.
Tesla - Bearish SentimentI am still very much bearish on Tesla. Price broke the 280 zone then retested the 380 zone. A gap formed on the way down. This indicates high amounts of selling. I expect price to drop below my 280 zone and continue falling to around 210. My ultimate target is the $65 zone.
Patience is key!
QQQ: I AM BULLISH, WHILE EVERYONE IS BEARISH<>Ticker Symbol: $QQQ
<>Timeframe: 4H
<>Investment Strategy: LONG (SHORT TERM)
<>REJECTION OF 200SMA
TECHNICAL ANALYSIS:
TRENDSI ATS MONEY MOVEMENT SHIFTING UP : BULLISH
REJECTION OF 200SMA AND AT THE PRIME SUPPORT LEVEL.
STOCHASTIC SHIFTING UP AND RSI OVERSOLD.
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FWBI 81X Upside Potential according to this Analyst!On 5/26/2022 Roth Capital brokerage Lowered the Price Target for First Wave BioPharma, Inc. (FWBI) from $600.00 to $270.00 giving a Buy Rating for the stock!
The stock is now at a historic low: $3.31.
In January 2021 it was $788.
Just to reach the Analyst Price Target, it need to grow 81.5X from this level.
The Market cap is extremely low: 4.58 Mil. 81X would be $371 Mil.
And wouldn`t be too much, if we look at their pipeline: 2 candidates reaching Phase 3 clinical trials, 3 candidates in Phase 2 and one in Phase one, in the following fields: Digestive/Nutritional Diseases, Inflammatory Diseases and Oncology.
It can explode anytime.
Even though the institutional ownership it`s not high, some of the shareholders that recently reported increasing stakes in the company are: Goldman Sachs, Blackrock and Jane Street Group.
This one is a premium call in my opinion.
Looking forward to read your opinion about it.
ARKK: TRENDSI ATS CONFIRMATION: READY TO BOUNCE UPTicker Symbol: $ARKK
️Timeframe: 4H
️AT THE SUPPORT, READY TO BOUNCE UP.
️Investment Strategy: LONG
TECHNICAL ANALYSIS:
TRENDSI ATS MONEY MOVEMENT SHIFTING UP : BULLISH
LINEAR REGRESSION + TRENDSI: AT THE BOTTOM, WHICH IS AT THE SUPPORT
RSI AND STOCHASTIC BOTH SHOWING BULLISH MOVEMENT.
CONFIRMATION I AM WAITING: TRENDSI ATS GREEN LINE WITH GREEN DOT
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MRIN Marin Software Announced Snapchat IntegrationMarin Software Incorporated (MRIN) was one of the meme stocks of 2021.
It went from $1.54 to $27.25 in few trading days.
Now it it has been recognized as a Strong Performer in the Forrester Research August 2022 report, The Forrester Wave B2B Advertising Solutions, Q3 2022.
Today MRIN Marin Software announced the ability to optimize Snapchat ad campaigns through its flagship MarinOne platform.
My short term price targets are $3.15 and $5.10.
Looking forward to read your opinion about it.
V: Who is going to win, BULLS OR BEARS?? Ticker Symbol: $V
Strategy: Neutral until break either side on Rising wedge
Time Frame: 4HR
TRENDSI ATS: BEARISH (RED DOT WITH RED LINE)
RSI Technical: Bearish.
$V is making Descending Triangle Pattern, which is Bearish. Also, formation of Rising Wedge in last couple of weeks, that is Bearish as well.
I am still NEUTRAL, until I see breakout confirmation on either side.
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$APPL Can Fall Now - W Pattern CompletedTraders and Investors, Apple Inc ($APPL) has completed a W pattern which can push the price down. It also has reached an areas of resistance so we can can expect a move down. The downward arrows show the possible bearish targets. However, if the apple stok breaks above the starting point of the W pattern and crosses the limit, then we should look for further bullish targets into 200s.
Manage the risk and make sure that you are watching stock movement closely along with US30 (Dow Jones)
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too
✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums.
✅ Follow me for future ideas, trade set ups and the updates of this analysis
✅ Don't hesitate to share your ideas, comments, opinions and questions.
Take care and trade well
-Vik
____________________________________________________
📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
____________________________________________________
$HAS: Guaranteed 90 : VERY BULLISH X 1000 TIMES AND MORE TICKER: $HAS
TIME FRAME: 1D
INVESTMENT STRATEGY: LONG
--------------BROKE THE FALLING WEDGE, AND RETESTED
--------------ABOVE 2OMA: BULL BULL BULL
TRENDSI TRADES GIVING BUY SIGNAL WITH GREEN DOT AND GREEN LINES IN 1D TIME FRAME. THANKS TO TRENDSI FOR GIVING ME CONFIRMATION.
I CAN SEE THIS GOING TO TEST 200MA (I.E. 90s)
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TMC The Metals Company could electrify the entire US EV fleet !TMC holds exploration and commercial rights to three contract areas which host an estimated 1.6 billion tonnes of polymetallic nodules containing high grade nickel, copper , cobalt and manganese, in the Clarion Clipperton Zone of the Pacific Ocean.
The Planet’s Largest Resource of Battery Metals could electrify the entire US electric vehicle fleet.
The Metals Company successfully concluded its $75 million multi-year deep-sea research program to establish the potential impacts of the Company’s proposed polymetallic nodule collection operations.
Market Cap of only 213.756Mil
Insider buys between $1.01 and $4.44!
Now the stock is $0.94.
I consider TMC to be one of the best buys of 2021!
$EVER Is EverQuote About to quote higher prices?Traders, Like majority of the stocks in this market cap category there is an M pattern which has been completed. This means that we now have a bullish bias on this stock. A trend line has been broken and retested successfully which means that this stock price is ready to go higher. As the overall market is taking a little recovery (upside correction so far), this can be a good opportunity however I would rate this as a speculative buy. The set up looks good from the technical analysis perspective.
Roblox stock price and forecast 2022The stock has been dumped since last January 2022, losing almost 85% of its value. Per supply and demand stock analysis, we expect Roblox’s stock price to reach the supply imbalance of around $103 per share, where we should realise profits if we purchase shares of the stock. There is a medium-term bias with a lot of margin for profit on Roblox stock, with a potential rise of more than 100% in the following months. The supply and demand stock technical analysis attached does not say that Roblox will rally to the strong imbalance overhead without first pulling back. Stocks do not move in straight lines; be patient!
XELA Exela Technologies Upside PotentialI know my last call on XELA was bad and i was expecting a breakout when they "surprised" us with a reverse stock split.
But now it look different!
Rising volume on price going lower, so a bullish divergence at all time low.
52 Week Range $1.35 - $70.80
My price target is the $8.50 resistance.
Looking forward to read your opinion about it.
XELA Exela 7X Volume Pattern similar to MULN MullenExela Technologies XELA has the same volume pattern that Mullen Automotive MULN had before the 7.86X breakout:
In my opinion XELA is a speculative stock that has a huge upside potential!
Looking forward to read your opinion about it!
Double bottom volume and Fibonacci retracement WIPRO is down extensively in IT stocks but here is something good that we can play some reversal in it formation of double bottom like of pattern can lead to a full swing of w formation but as of know we can trade it for target of 440 but volume stays in it we can wait till 550 levels.