$ON Semiconductor(ON)$ $Visa(V)$ $Advanced Micro Devices(AMD)$ $Microsoft(MSFT)$ $Coinbase Global, Inc.(COIN)$
๐๐ธ๐ $20 TRILLION EARNINGS TSUNAMI: BRACE FOR IMPACT ๐๐ธ๐
Kia ora Tiger traders!
Get ready for the BUSIEST earnings week of Q3! Over $20 TRILLION worth of companies are set to report โ from tech titans to energy behemoths. This week could set the tone for the marketโs direction heading into the year-end. ๐ฅ๐ Letโs get you prepped with a comprehensive catalyst watch!
๐บ๐ธ No Fed Speakers This Week:
The Fed has entered a pre-FOMC blackout, gearing up for the policy decision on November 6-7. No speeches or hints, just pure market action to digest. ๐ค๐ฆ
๐ Monday, 28 October:
โข Volatility Watch: Elevated options trading volume around Spirit Airlines โ๏ธ and Marinus Pharmaceuticals ๐. United Airlines and Theralase Technologies are showing overbought signals, so watch for potential pullbacks. ๐๐ฅ
โข Earnings Spotlight: Reports from Waste Management (WM), Ford Motor (F), and ON Semiconductor (ON). Fordโs EV play and ONโs chip strategy will be hot topics. ๐๐
โข History Watch: Did you know 28 October historically boasts the best S&P 500 return day over the past 74 years? Letโs see if it lives up to the hype! ๐๐
๐ Tuesday, 29 October:
โข Big Earnings Day: The spotlight shines on Alphabet (GOOGL), Visa (V), McDonaldโs (MCD), Pfizer (PFE), and AMD (AMD) โ the heavyweights are here! ๐๐ณ๐๐ป
โข Options Alerts: Expect action on Container Store (TCS), Snap (SNAP), and Reddit (RDT) as traders position ahead of their reports. ๐๐
โข 8:30 a.m.: McDonaldโs Earnings Call โ Will the Big Mac be enough to offset recent E. coli concerns? ๐๐ฌ
โข 10:00 a.m.: Consumer Confidence Report โ are consumers still splashing cash, or are the wallets tightening? ๐๏ธ๐ธ
๐ Wednesday, 30 October:
โข Earnings Powerhouses: Itโs a mega-mix of sectors with Microsoft (MSFT), Meta Platforms (META), Eli Lilly (LLY), Caterpillar (CAT), and Starbucks (SBUX) reporting. Tech, healthcare, machinery, and caffeine, all in one day! โ๐ฅ๏ธ๐ช
โข Global Spotlight: Binance Blockchain Week begins in Dubai โ watch for any crypto developments. ๐๐
โข BOJ Insight: The Bank of Japan starts its two-day policy meeting. Could a rate hike be on the cards, or is it more of the same? ๐ฆ๐ด
๐ Thursday, 31 October โ (Spooky Earnings Halloween ๐๐ป):
โข Mega Earnings Day: Brace yourself for Apple (AAPL), Amazon (AMZN), Intel (INTC), Mastercard (MA), Uber (UBER), and Anheuser-Busch (BUD) โ a cauldron of market movers! ๐๐ฑ๐๐ณ๐ป
โข 8:30 a.m.: Core PCE Price Index โ a critical inflation indicator that could move markets. ๐๐ต
โข 5:00 p.m.: Appleโs earnings call โ can Tim Cook deliver treats for shareholders, or are there tricks in store? ๐๐ฎ
โข Options Buzz: Peloton (PTON) and Sabre (SABR) are hot on the options radar post-earnings. ๐ดโโ๏ธโ๏ธ
๐ Friday, 1 November:
โข Energy & Consumer Day: Expect reports from ExxonMobil (XOM), Chevron (CVX), Charter (CHTR), and Wayfair (W) โ everything from oil giants to home decor! ๐ข๏ธ๐๏ธ
โข 8:30 a.m.: October Jobs Report โ economists are forecasting 120K new jobs and a steady unemployment rate at 4.1%. Will the data drive market momentum heading into the weekend? ๐๐งโ๐ญ
๐๐ Analyst & Hedge Fund Insights:
1. Expect Surprises: Analysts have trimmed Q3 EPS estimates by 3.9%, setting the stage for potential big beats if companies deliver strong forward guidance. Watch tech giants to see if they continue to carry market momentum ๏ฟผ ๏ฟผ.
2. Energy Watch: Analysts are eyeing ExxonMobil and Chevron amidst global geopolitical concerns. Any disruptions could push oil prices higher, and energy earnings might shine if crude continues to rise ๏ฟผ ๏ฟผ.
3. Techโs Pivotal Role: Information technology is the only sector with upward EPS revisions this quarter, making it the centrepiece of market sentiment. Big names like Microsoft, Amazon, and Apple will set the pace for the quarter.
@TigerGPT,Will tech strength be enough to drive the broader market, or are other sectors going to weigh down the rally? ๐ง๐ก
Happy trading ahead. Cheers, BC ๐
@Tiger_comments @TigerPicks @TigerStars @TigerPM @Daily_Discussion @TigerObserver @TigerGPT
Comments
Analysis of ON Semiconductor (ON)
Business Overview
ON Semiconductor is a semiconductor manufacturer that provides energy-efficient solutions for a wide range of industries, including automotive, industrial, and consumer electronics. The company's products include power management solutions, analog and mixed-signal devices, image sensors, and custom application-specific integrated circuits (ASICs).
ON Semiconductor operates in a growing industry, driven by increasing demand for energy-efficient technologies and the rapid development of advanced electronic devices. The company is well-positioned to benefit from trends such as electric vehicles, renewable energy, and the internet of things (IoT).
Earnings and Forecast
Latest Earnings (2024 Q2):
EPS: $0.79
Return on Equity (ROE): 16.43%
Gross Profit Margin: 45.18%
Quick Ratio: 1.79
Current Ratio: 3.01
Earnings Forecast:
2024 Full Year: EPS forecasted to be $4.00 (USD), with a forecasted gross income of $7.13 billion (USD) and a forecasted EBIT of $2.01 billion (USD).
2025 Full Year: EPS forecasted to be $4.67 (USD), with a forecasted gross income of $7.66 billion (USD) and a forecasted EBIT of $2.37 billion (USD).
2026 Full Year: EPS forecasted to be $5.85 (USD), with a forecasted gross income of $8.62 billion (USD) and a forecasted EBIT of $2.92 billion (USD).
Recent Trends
Support Price (2024-10-25): $70.58 (USD)
Resistance Price (2024-10-25): $75.58 (USD)
Average Cost: $72.92 (USD)
Capital Flow Data (5 Day):
10-18: +12,524.34 units (K)
10-21: -4,026.95 units (K)
10-22: -322.78 units (K)
10-23: +3,033.34 units (K)
10-24: +7,974.21 units (K)
Capital Flow Data (1 Day):
Total Inflow: $228 million
Total Outflow: $241 million
Big Inflow: $16.98 million
Median Inflow: $10.57 million
Small Inflow: $200.55 million
Big Outflow: $27.64 million
Median Outflow: $15.95 million
Small Outflow: $197.51 million
Profiteer Ratio (2024-10-25): 0.7078
Analyst Recommendations and Target Price
Analyst Recommendation: 2 recommend, 15 buy, 13 hold, 2 underperform
Analyst Target Price: The mean, low, and high target estimates are $85.4484, $55.0, and $106.0, respectively.
News and Market Sentiment
Analysts have trimmed Q3 EPS estimates by 3.9%, which could result in potential big beats if companies deliver strong forward guidance. The performance of tech giants will be closely watched to gauge market momentum.
The energy sector, including companies like ExxonMobil and Chevron, is being closely monitored due to global geopolitical concerns. Any disruptions in the industry could push oil prices higher and potentially lead to strong energy earnings.
Information technology is the only sector with upward EPS revisions this quarter, making it a key focus for market sentiment. Tech giants like Microsoft, Amazon, and Apple will play a pivotal role in setting the pace for the quarter.
Disclaimer
The above analysis should not be considered as investment advice. It is essential to conduct further research and analysis and consider your own financial situation before making any investment decisions. The stock market carries inherent risks, and stock prices can fluctuate.
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