Earnings season isn’t over yet even though most of FANG and a lot of the S&P 500 companies have reported.
This week, some of the most popular and hottest names on Wall Street will report earnings including companies in the restaurant industry, social media, manufacturing and retail.
Most of these companies have good track records of beating, which isn’t easy to do. Two of them haven’t missed in over 5 years.
Will the recent stock market volatility play a factor in the trade after these companies report?
Or will they be able to overcome stock market weakness to keep their upward momentum intact?
5 Top Earnings Charts for This Week
Snap Inc. (only went IPO in 2017. Doesn’t it seem like it has been public for much longer? It’s beat 2 out of the last 3 quarters but shares have sunk since the IPO. It’s expected to lose 63 cents in 2017 and another 54 cents in 2018. Revenue growth is key. SNAP - Free Report)
Michael Kors (hasn’t missed in 5 years but shares sank to a multi-year low in 2017 on worries that retail, even in the luxury category, was going to be Amazoned. But results started to turn around late last year and the shares are off the lows. At 16x earnings, is there still a buying opportunity? KORS - Free Report)
Yum China (was spun-off from the parent, Yum, in 2016. It owns KFC and Pizza Hut in China. It is coming off its first miss as a public company last quarter. Shares have skyrocketed in 2018, however, as many think the Chinese consumer is back spending again. Are shares too hot to handle? YUMC - Free Report)
Snap-On (makes auto diagnostic tools. It has a great track record of beating, having done so for 5 years, but shares have stalled the last few years. Is a true breakout coming? SNA - Free Report)
Nvidia (is considered one of the “junior” FANGs, as it’s an “N” named stock like Netflix and shares soared in 2017. It has only missed one time in the last 5 years but is now trading with a forward P/E of 49. Can it keep of its tremendous momentum? NVDA - Free Report) More Stock News: This Is Bigger than the iPhone! It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market. Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >> Want to Learn How to Trade Options?
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