To The Moon

On Thursday (25 July), we saw mixed action from the stock market but we can see that there was some positive vibe underneath following a report showing U.S. gross domestic product (GDP) grew at a greater-than-expected annualized rate of 2.8% in the second quarter. Although indications of persistent economic strength temporarily took the spotlight on Thursday, boosting stocks in intraday trading, the concerns about muted tech earnings that sent stocks tumbling in the previous session reemerged in the afternoon. Advancers led decliners by a 2-to-1 margin at the NYSE and by a 3-to-2 margin at the Nasdaq. The S&P 500 slipped 0.5% on Thursday, July 25, as tech stocks faltered for a second straight day even as data showed an uptick in GDP growth. Dow Jones Industrial Average gain +0.2% and R

$McDonald's(MCD)$ is expected to report their quarterly earnings on 29 July 2024 before market open. McDonald has recently announced a quarterly cash dividend of $1.67 per share. Market is expecting MCD to post quarterly earnings of $3.07 per share, this is a decline of 2.8% compared to the same period last year. Revenues are forecasted to be $6.65 billion, representing a year-over-year increase of 2.4%. U.S. Fast Food Chains Value Meal Launch Performance In Focus In Their Earnings As we will be expecting U.S. fast food chains like Burger King and other chains with McDonald reporting their quarterly results over the next few weeks. The performance of the fast food chains’ value meal launches would be watched closely, I will be more interested in

On 24 July (Wednesday), we saw the market exhibiting heavy selling pressure, these cause the major indices to give significant losses. DJIA was down by -1.3%, Russell 2000 was -2.1% into the red, S&P 500 record higher loss at -2.3%, with NASDAQ being the worst performer with -3.6% loss. Mega cap stocks, semiconductor shares, and growth stocks are the biggest contributor on the negative index performance. There are many stocks that participated in the broad retreat. Disappointment From Alphabet and Tesla High Earnings Expectations The disappointment coming from the high expectation of quarterly results and guidance from Alphabet (GOOG) and Tesla (TSLA) have them making the biggest decline. Alphabet lost -5.0% at the end of trading session and Tesla fare far worse with -12.3% into the re

$3M(MMM)$ is scheduled to report its quarterly results for period ending 30 June 2024 on 26 July 2024 before the market open. 3M is expected to show a fall in quarterly revenue with a 26.5% decrease in revenue to $5.878 billion from $7.99 billion as compared to same quarter a year ago. The consensus earnings per share (EPS) forecast is $1.68. We need to note that in the quarter reporting, in April 2024, 3M completed the spin-off of its Health Care business into a separate public company. Notably, the spin-off is likely to have weighed on MMM’s year-over-year top-line comparison in the quarter. Though it is expected to see a fall in 3M’s quarterly revenue due to the unfavorable impacts of the Health Care spin-off, 3M’s second-quarter performance is

$Ford(F)$ will be reporting their second-quarter earnings on Wednesday (24 July) after market close. Ford stock price have been down 0.18% over the past year, but up 14.31%% YTD. Ford continue to fall on Tuesday (23 July). This follow $General Motors(GM)$ stock’s decline after GM Q2 earnings report that indicate delay of its 2024 Buick EV, and postponement of its EV pickup plant opening to 2026. This should give us an idea of how Ford would be navigating their EV production. Market is expecting a 68 cents in EPS and $44 billion in revenues as Ford reports after market hours. Record Hybrid Sales, Weak F-150 Sales For Ford Ford sold 536,050 vehicles in Q2, up 0.8% as compared to Q2 sales estimate of 551,527 veh

Stocks edged lower on Tuesday (23 July) after a choppy session, major indices ended slightly lower, while small caps outperformed once again as investors parsed a mixed bag of earnings reports and prepared for the release of mega-cap results from Alphabet (GOOGL) and Tesla (TSLA) after the close. Small caps out performed, with the Russell 2000 (RUT) up about 1%, while the broad S&P 500 Index (SPX) and blue-chip Dow Jones Industrial Average gave up on a mid-session rally to end slightly lower. The S&P 500 also managed 0.16%) to close at 5,555.69; the Dow Jones Industrial Average gain 0.14% to close at 40,358.09; the NASDAQ ended slightly higher at 0.06% to close at 17,997.35. This show that market is back to possible rotation after a brief mega-cap resurgence on Mond

$Universal Health(UHS)$ is expected to report its results for period ending 30 June 2024 on 24 July 2024 after market close. UHS is expected to show a rise in quarterly revenue and to report a 8.9% increase in revenue to $3.864 billion from $3.55 billion a year ago, according to the mean estimate from 14 analysts, based on LSEG data. The consensus EPS estimate for earnings per share is $3.30. UHS operates behavioral health centers, surgical hospitals, acute care hospitals, and radiation oncology centers and provides commercial health insurance services. UHS’s second-quarter earnings are expected to have benefited from rising admissions and revenue per adjusted admission. Sustained demand for UHS’s Behavioral Health Care Services and str

$Tesla Motors(TSLA)$ will be reporting the second-quarter earnings result on Tuesday (23 July) after the market close. Market anticipate that Tesla should have no issue in reporting higher earnings than what analyst has estimated or forecasted. But Tesla would need more data or news to lift the stock from its current stock price. The consensus for Tesla second-quarter earnings per share is at 61 cents from revenue of $24.5 billion. This is lower than the 91 cents of EPS and revenue of $24.9 billion. Tesla Lower Sales Volume and Price -> Expected Lower EPS The lower EPS expected does not come as a surprise because Tesla have been on lower sales volume and prices. Tesla has reported to deliver about 444,000 vehicles in the second quarter at an a

$Alphabet(GOOGL)$ will be reporting their fiscal second quarter earnings after market close on Tuesday (23 July). This upcoming report will be giving the market an update on the state of the digital advertising market and whether generative AI hype is translating to revenue growth. Alphabet has an impressive first quarter and they announced the dividend of $0.20 per share for the first time with authorized stock repurchases of $70 billion. Market is anticipating earnings per share of $1.85 on revenue of $84.35 billion, That would be a major jump from the same period last year when the company reported earnings per share of $1.44 on revenue of $74.6 billion. Alphabet (GOOGL) Shares Up 30% Year-To-Date Alphabet shares are up 30% year to date. Shar

After last week’s declines, the stock market on Monday (22 July) presented a rebound throughout the whole session. The mega-cap stocks and semiconductor stocks ditch their underperformance last week to lead the upside action. The S&P 500 managed to close 1.1% higher and the Invesco S&P 500 Equal Weight ETF (RSP) settled 0.8% higher. Significant gains from several popular and influential stocks like $NVIDIA Corp(NVDA)$ closed 4.7%, $Meta Platforms, Inc.(META)$ also up by 2.2% and Microsoft managed to gain 1.3%. Even with Monday’s upside action, in July till date, NVDA trade flat basically, META down by 3.3% and MSFT was lower by 0.9%. Market participants are also digesting news that President Bide