Earnings season is coming! Alt-To The Moon - Tiger Brokers Online Investing Community - To The Moon

Earnings season is coming!

Although the big companies have not reported earnings, but make no mistake, its near.

Some companies have reported earnings this week for e.g. $BlackBerry(BB)$ [Spurting]

Nothing much to say about that [Blush]

The expectations for S&P 500 Q3 22 earnings growth have dropped from 9.8% (predicted in June 22) to 3.2%.

SPX Forward price to earnings (PE) ratio is expected to be 15.8x which is below the 5 year (18.6x) and 10 year (17x) PE.

That looks pretty fair value, unless the forward earnings growth drops more moving forward.

From the plot, we see that forward PE drops all the down to 13-14x in a recession. This is due to share price plummeting.

Last few days, SPX was hanging around 3600 level. This is a strong support because current rate hike and growth slow down have been priced in at this level.

More pessimistic guidance from companies this earnings session might break this support.

The general feel is more downside as growth slows. We see another technical support at 3534. I suspect SPX will slowly inch its way downwards to this level.

An absolute worse case for next 6 months will be 3234 double bottom support. A real unexpected crisis will bring it there e.g. currency crisis??

$SPDR S&P 500 ETF Trust(SPY)$

I'm so tempted to buy more SPY at this level because I can't really time the market. Well, let's see what happens tonight.

Any good news? Well, torrid September is over today.

Wait a minute, I thought the Great stock market crashed happened on 29 Oct 1929. [OMG] [Spurting] [Comfort]

@TigerStars @Daily_Discussion

💰 Stocks to watch today?(25 Nov)

1. What news/movements are worth noting in the market today? Any stocks to watch? 2. What trading opportunities are there? Do you have any plans? 🎁 Make a post here, everyone stands a chance to win Tiger coins!

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

IZTan
2022-09-30
IZTan
hope for the best
- soosooReplyhighhand:
  good
- highhand:
  but expect the worst. Best advice ever...
Lord Tan
2022-10-01
Lord Tan
Fight it hard … to the grave
- highhand:
  cradle to the grave
Moolele
2022-09-30
Moolele
Still around? 😅
- highhand:
  just like $Nokia Oyj(NOK)$ still around
Epee
2022-09-30
Epee
Thanks for sharing!
cheerzy
2022-10-01
cheerzy
The problem is the revenue growth compare to others in the industry, BB is getting not much piece of the pie. IVY is the only hope to propel this upward, other than that it will be more months of nothing.
Slsebast
2022-09-30
Slsebast
Wow nice sharing.

Leave a comment

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What trading opportunities are there? Do you have any plans?\n🎁 Make a post here, everyone stands a chance to win Tiger coins!","image":"https://static.tigerbbs.com/cd8eaff2e99964ab7a80d92cc196fcd3"}],"images":[{"img":"https://community-static.tradeup.com/news/069b6cbb792b5698954964aa8703dbe8","width":"2400","height":"1080"},{"img":"https://community-static.tradeup.com/news/4dd6b663912d310cf5d9858794387500","width":"1080","height":"538"}],"coverImages":[{"img":"https://community-static.tradeup.com/news/069b6cbb792b5698954964aa8703dbe8","width":"2400","height":"1080"}],"html":"<html><head></head><body><p>Earnings&nbsp;season is coming!<br></p><p>Although the big companies have not reported earnings, but make no mistake, its near.</p><p>Some companies have reported earnings this week for e.g. <a href=\"https://ttm.financial/S/BB\">$BlackBerry(BB)$ [Spurting]</a></p><p>Nothing much to say about that&nbsp;<span>[Blush]&nbsp;</span></p><p>The expectations for S&amp;P 500&nbsp;Q3 22 earnings growth have dropped from 9.8% (predicted in June 22) to 3.2%.&nbsp;<br></p><p>SPX&nbsp;Forward price to earnings (PE) ratio&nbsp;is expected to be 15.8x which is below the 5 year (18.6x) and 10 year (17x) PE.</p><p>That looks pretty fair value, unless the forward earnings growth drops more moving forward.&nbsp;&nbsp;</p><p>From the plot, we see that forward PE drops all the down to 13-14x in a recession. This is due to share price plummeting.&nbsp;&nbsp;</p><p>Last few days, SPX was hanging around 3600 level. This is a strong&nbsp;support because current rate hike and&nbsp;growth slow down have been priced in at this level.&nbsp;</p><p>More&nbsp;pessimistic&nbsp;guidance from companies this earnings session might break this support.</p><p>The general feel is more downside&nbsp;as growth slows. We see another technical&nbsp;support at 3534. I suspect SPX will slowly inch its way downwards to this level.</p><p>An absolute worse case for next 6 months will be 3234 double bottom support. A real unexpected crisis will bring it there e.g. currency crisis??</p><p><a href=\"https://ttm.financial/S/SPY\">$SPDR S&amp;P 500 ETF Trust(SPY)$</a><v-v data-views=\"0\"></v-v></p><p>I'm so tempted to buy more SPY at this level because I can't really time the market. Well, let's see what happens tonight.</p><p>Any good news? Well, torrid September is over today.&nbsp;</p><p>Wait a minute, I thought the&nbsp;Great stock market crashed happened on 29 Oct 1929.&nbsp;<span>[OMG]&nbsp;</span><span>[Spurting]&nbsp;</span><span>[Comfort]&nbsp;</span></p><p><a href=\"https://ttm.financial/U/9000000000000149\">@TigerStars</a><a href=\"https://ttm.financial/U/3527667621665671\">@Daily_Discussion</a></p><img src=\"https://community-static.tradeup.com/news/4dd6b663912d310cf5d9858794387500\" tg-width=\"1080\" tg-height=\"538\"><img src=\"https://community-static.tradeup.com/news/069b6cbb792b5698954964aa8703dbe8\" tg-width=\"2400\" tg-height=\"1080\"></body></html>","htmlText":"<html><head></head><body><p>Earnings&nbsp;season is coming!<br></p><p>Although the big companies have not reported earnings, but make no mistake, its near.</p><p>Some companies have reported earnings this week for e.g. <a href=\"https://ttm.financial/S/BB\">$BlackBerry(BB)$ [Spurting]</a></p><p>Nothing much to say about that&nbsp;<span>[Blush]&nbsp;</span></p><p>The expectations for S&amp;P 500&nbsp;Q3 22 earnings growth have dropped from 9.8% (predicted in June 22) to 3.2%.&nbsp;<br></p><p>SPX&nbsp;Forward price to earnings (PE) ratio&nbsp;is expected to be 15.8x which is below the 5 year (18.6x) and 10 year (17x) PE.</p><p>That looks pretty fair value, unless the forward earnings growth drops more moving forward.&nbsp;&nbsp;</p><p>From the plot, we see that forward PE drops all the down to 13-14x in a recession. This is due to share price plummeting.&nbsp;&nbsp;</p><p>Last few days, SPX was hanging around 3600 level. This is a strong&nbsp;support because current rate hike and&nbsp;growth slow down have been priced in at this level.&nbsp;</p><p>More&nbsp;pessimistic&nbsp;guidance from companies this earnings session might break this support.</p><p>The general feel is more downside&nbsp;as growth slows. We see another technical&nbsp;support at 3534. I suspect SPX will slowly inch its way downwards to this level.</p><p>An absolute worse case for next 6 months will be 3234 double bottom support. A real unexpected crisis will bring it there e.g. currency crisis??</p><p><a href=\"https://ttm.financial/S/SPY\">$SPDR S&amp;P 500 ETF Trust(SPY)$</a><v-v data-views=\"0\"></v-v></p><p>I'm so tempted to buy more SPY at this level because I can't really time the market. Well, let's see what happens tonight.</p><p>Any good news? Well, torrid September is over today.&nbsp;</p><p>Wait a minute, I thought the&nbsp;Great stock market crashed happened on 29 Oct 1929.&nbsp;<span>[OMG]&nbsp;</span><span>[Spurting]&nbsp;</span><span>[Comfort]&nbsp;</span></p><p><a href=\"https://ttm.financial/U/9000000000000149\">@TigerStars</a><a href=\"https://ttm.financial/U/3527667621665671\">@Daily_Discussion</a></p><img src=\"https://community-static.tradeup.com/news/4dd6b663912d310cf5d9858794387500\" tg-width=\"1080\" tg-height=\"538\"><img src=\"https://community-static.tradeup.com/news/069b6cbb792b5698954964aa8703dbe8\" tg-width=\"2400\" tg-height=\"1080\"></body></html>","text":"Earnings season is coming! Although the big companies have not reported earnings, but make no mistake, its near. Some companies have reported earnings this week for e.g. $BlackBerry(BB)$ [Spurting] Nothing much to say about that [Blush] The expectations for S&P 500 Q3 22 earnings growth have dropped from 9.8% (predicted in June 22) to 3.2%. SPX Forward price to earnings (PE) ratio is expected to be 15.8x which is below the 5 year (18.6x) and 10 year (17x) PE. That looks pretty fair value, unless the forward earnings growth drops more moving forward. From the plot, we see that forward PE drops all the down to 13-14x in a recession. This is due to share price plummeting. Last few days, SPX was hanging around 3600 level. This is a strong support because current rate hike and growth slow down have been priced in at this level. More pessimistic guidance from companies this earnings session might break this support. The general feel is more downside as growth slows. We see another technical support at 3534. I suspect SPX will slowly inch its way downwards to this level. An absolute worse case for next 6 months will be 3234 double bottom support. A real unexpected crisis will bring it there e.g. currency crisis?? $SPDR S&P 500 ETF Trust(SPY)$ I'm so tempted to buy more SPY at this level because I can't really time the market. Well, let's see what happens tonight. Any good news? Well, torrid September is over today. Wait a minute, I thought the Great stock market crashed happened on 29 Oct 1929. [OMG] [Spurting] [Comfort] @TigerStars@Daily_Discussion","highlighted":1,"essential":2,"paper":1,"likeSize":225,"commentSize":133,"repostSize":4,"favoriteSize":0,"link":"https://ttm.financial/post/9916103383","repostId":0,"isVote":1,"tweetType":1,"viewCount":4973,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["SPY","BB"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":1302,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":104158811,"commentId":"104158811","gmtCreate":1664526759414,"gmtModify":1664526763487,"authorId":3581935892876628,"author":{"id":3581935892876628,"idStr":"3581935892876628","authorId":3581935892876628,"name":"IZTan","avatar":"https://static.tigerbbs.com/8ae66ef9a50a8a9e9a05f72f59f558c7","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9916103383,"objectIdStr":"9916103383","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"hope for the <u>best</u>","text":"hope for the <u>best</u>","html":"hope for the <u>best</u>","likeSize":14,"commentSize":2,"subComments":[{"id":104159922,"commentId":"104159922","gmtCreate":1664534286934,"gmtModify":1664534290709,"authorId":4089777453696550,"author":{"id":4089777453696550,"idStr":"4089777453696550","authorId":4089777453696550,"name":"soosoo","avatar":"https://static.tigerbbs.com/a7a8e4a0c1e8d4b7bf1e9db91cfaffc8","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":4096093486770560,"repliedAuthor":{"id":4096093486770560,"idStr":"4096093486770560","authorId":4096093486770560,"name":"highhand","avatar":"https://community-static.tradeup.com/news/200574f2d0554f4c05c65c156ddc6e73","vip":1,"crmLevel":8,"crmLevelSwitch":0,"individualDisplayBadges":[]},"objectId":9916103383,"objectIdStr":"9916103383","type":1,"supId":104158811,"supIdStr":"104158811","prevId":104158825,"prevIdStr":"104158825","content":"<u>good</u>","text":"<u>good</u>","html":"<u>good</u>"},{"id":104158825,"commentId":"104158825","gmtCreate":1664526816942,"gmtModify":1664526820577,"authorId":4096093486770560,"author":{"id":4096093486770560,"idStr":"4096093486770560","authorId":4096093486770560,"name":"highhand","avatar":"https://community-static.tradeup.com/news/200574f2d0554f4c05c65c156ddc6e73","vip":1,"crmLevel":8,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9916103383,"objectIdStr":"9916103383","type":1,"supId":104158811,"supIdStr":"104158811","prevId":0,"prevIdStr":"0","content":"but expect the worst. Best advice ever...","text":"but expect the worst. Best advice ever...","html":"but expect the worst. Best advice ever..."}],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":104166464,"commentId":"104166464","gmtCreate":1664585341695,"gmtModify":1664585944997,"authorId":4109167805316160,"author":{"id":4109167805316160,"idStr":"4109167805316160","authorId":4109167805316160,"name":"Lord Tan","avatar":"https://community-static.tradeup.com/news/ebfae2e0b36cb1355364c5cb23866d87","vip":1,"currentWearingBadge":{"badgeId":"44212b71d0be4ec88898348dbe882e03-3","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"President Tiger","description":"The transaction amount of the securities account reaches $1,000,000","bigImgUrl":"https://static.tigerbbs.com/fbeac6bb240db7da8b972e5183d050ba","smallImgUrl":"https://static.tigerbbs.com/436cdf80292b99f0a992e78750ac4e3a","grayImgUrl":"https://static.tigerbbs.com/506a259a7b456f037592c3b23c779599","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.08.05","exceedPercentage":"93.50%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1101},"hat":"https://static.tigerbbs.com/ae1f49570794979e009a5efdeb6f4789","crmLevel":6,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9916103383,"objectIdStr":"9916103383","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"<span class=\"s1\">Fight it hard … to the grave<span class=\"Apple-converted-space\"> </span></span>","text":"<span class=\"s1\">Fight it hard … to the grave<span class=\"Apple-converted-space\"> </span></span>","html":"<span class=\"s1\">Fight it hard … to the grave<span class=\"Apple-converted-space\"> </span></span>","likeSize":3,"commentSize":1,"subComments":[{"id":104167875,"commentId":"104167875","gmtCreate":1664589926418,"gmtModify":1664590786150,"authorId":4096093486770560,"author":{"id":4096093486770560,"idStr":"4096093486770560","authorId":4096093486770560,"name":"highhand","avatar":"https://community-static.tradeup.com/news/200574f2d0554f4c05c65c156ddc6e73","vip":1,"crmLevel":8,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9916103383,"objectIdStr":"9916103383","type":1,"supId":104166464,"supIdStr":"104166464","prevId":0,"prevIdStr":"0","content":"cradle to the <u>grave</u>","text":"cradle to the <u>grave</u>","html":"cradle to the <u>grave</u>"}],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":104158695,"commentId":"104158695","gmtCreate":1664526246773,"gmtModify":1664526250616,"authorId":4090105190802310,"author":{"id":4090105190802310,"idStr":"4090105190802310","authorId":4090105190802310,"name":"Moolele","avatar":"https://static.tigerbbs.com/35190aa5aecb0245091a30761db693d3","vip":1,"currentWearingBadge":{"badgeId":"44212b71d0be4ec88898348dbe882e03-1","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"Boss Tiger","description":"The transaction amount of the securities account reaches $100,000","bigImgUrl":"https://static.tigerbbs.com/c8dfc27c1ee0e25db1c93e9d0b641101","smallImgUrl":"https://static.tigerbbs.com/f43908c142f8a33c78f5bdf0e2897488","grayImgUrl":"https://static.tigerbbs.com/82165ff19cb8a786e8919f92acee5213","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.03.25","exceedPercentage":"60.56%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1101},"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9916103383,"objectIdStr":"9916103383","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"<span class=\"s1\">Still around? 😅</span>","text":"<span class=\"s1\">Still around? 😅</span>","html":"<span class=\"s1\">Still around? 😅</span>","likeSize":2,"commentSize":1,"subComments":[{"id":104158714,"commentId":"104158714","gmtCreate":1664526358182,"gmtModify":1664526362092,"authorId":4096093486770560,"author":{"id":4096093486770560,"idStr":"4096093486770560","authorId":4096093486770560,"name":"highhand","avatar":"https://community-static.tradeup.com/news/200574f2d0554f4c05c65c156ddc6e73","vip":1,"crmLevel":8,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9916103383,"objectIdStr":"9916103383","type":1,"supId":104158695,"supIdStr":"104158695","prevId":0,"prevIdStr":"0","content":"just like <a href=\"https://ttm.financial/S/NOK\"> $Nokia Oyj(NOK)$ </a>still <u>around</u>","text":"just like <a href=\"https://ttm.financial/S/NOK\"> $Nokia Oyj(NOK)$ </a>still <u>around</u>","html":"just like <a href=\"https://ttm.financial/S/NOK\"> $Nokia Oyj(NOK)$ </a>still <u>around</u>"}],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":104159827,"commentId":"104159827","gmtCreate":1664533454684,"gmtModify":1664533458780,"authorId":3587096582820611,"author":{"id":3587096582820611,"idStr":"3587096582820611","authorId":3587096582820611,"name":"Epee","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9916103383,"objectIdStr":"9916103383","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"<span class=\"s1\">Thanks for sharing!</span>","text":"<span class=\"s1\">Thanks for sharing!</span>","html":"<span class=\"s1\">Thanks for sharing!</span>","likeSize":8,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":104170314,"commentId":"104170314","gmtCreate":1664599511170,"gmtModify":1664599514801,"authorId":3479274729249414,"author":{"id":3479274729249414,"idStr":"3479274729249414","authorId":3479274729249414,"name":"cheerzy","avatar":"https://static.tigerbbs.com/ad7eae466324df873e0b817337d13f4e","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9916103383,"objectIdStr":"9916103383","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"The problem is the revenue growth compare to others in the industry, BB is getting not much piece of the pie. IVY is the only hope to propel this upward, other than that it will be more months of nothing.","text":"The problem is the revenue growth compare to others in the industry, BB is getting not much piece of the pie. IVY is the only hope to propel this upward, other than that it will be more months of nothing.","html":"The problem is the revenue growth compare to others in the industry, BB is getting not much piece of the pie. IVY is the only hope to propel this upward, other than that it will be more months of nothing.","likeSize":2,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":104159483,"commentId":"104159483","gmtCreate":1664531770852,"gmtModify":1664531774108,"authorId":3582946466474986,"author":{"id":3582946466474986,"idStr":"3582946466474986","authorId":3582946466474986,"name":"Slsebast","avatar":"https://static.tigerbbs.com/e5e6cb07de6d0a1ecc7d173d350831e6","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9916103383,"objectIdStr":"9916103383","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"<span class=\"s1\">Wow nice sharing.<span class=\"Apple-converted-space\"> </span></span>","text":"<span class=\"s1\">Wow nice sharing.<span class=\"Apple-converted-space\"> </span></span>","html":"<span class=\"s1\">Wow nice sharing.<span class=\"Apple-converted-space\"> </span></span>","likeSize":6,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/9916103383"}