Here’s your Investing Action Plan: what you need to know as an investor for the coming week. China stocks will be in the spotlight as Alibaba and others report while Beijing continues to tighten oversight over the private sector. Top shale stocks also report, and monthly employment data is due amid concerns about the economic rebound.
Stocks To Watch
Globant (GLOB) is consolidating with a 244.82 buy point. Innovative Industrial Properties (IIPR) is in a cup base with a 222.18 entry. Capital One (COF) has formed a flat base with a 168.10 buy point. Element Solutions (ESI) is in a flat base with a 28.80 buy point but a rebound off the 50-day line would offer an early entry. Goldman Sachs (GS) is in a flat base with a 393.36 entry but also would be buyable with a bounce off the 50-day line.
China Stocks Due Amid Crackdown
Alibaba (BABA) reports before the market open Tuesday. The consensus looks for EPS to rise 7% to 19 cents, a slowdown from double-digit earnings growth in the previous eight quarters. Revenue is seen jumping 49% to $32.5 billion. China stocks have been hammered as regulators have been tightening their grip on what companies can and cannot do. This includes educational companies such as New Oriental Education and Technology (EDU), which reports quarterly results early Tuesday, and TAL Education (TAL), which reports Thursday morning. Meanwhile, EV makers Nio (NIO), Xpeng (XPEV) and Li Auto (LI) report July sales in the coming week.
Covid Vaccine Maker Cashes In
Early Thursday, analysts expect Moderna (MRNA) to swing to a profit of $5.96 per share from a year-ago loss as sales soar by a quadruple-digit percentage to $4.21 billion amid coronavirus vaccine distribution. Eli Lilly (LLY) will post its earnings early Tuesday, and analysts see EPS flat at $1.89 with sales up 20% to $6.6 billion. Zoetis (ZTS) and Regeneron Pharmaceuticals (REGN) are also slated to report their earnings early Thursday.
Shale Oil Leaders On Deck
Pioneer Natural Resources (PXD), Continental Resources (CLR) and Diamondback Energy (FANG) will report late Monday. Analysts see Continental swinging to a profit of 55 cents per share from a loss of 71 cents per share in the year-ago quarter. Revenue is seen soaring nearly 600% to $1.22 billion. Pioneer is seen recording EPS of $2.55 vs. a loss of 32 cents per share a year ago. Revenue is expected to jump 340% to $3.76 billion. Analysts see EOG Resources (EOG) swinging to a profit of $1.56 per share from a loss of 23 cents per share, when it announces Q2 earnings late Wednesday. Revenue is seen rising 270% to $4.07 billion. Occidental Petroleum (OXY) and ConocoPhillips (COP) report early Tuesday.
Cybersecurity Stocks To Report
Cloudflare (NET) reports late Thursday, and analysts expect a 3-cent per-share loss, flat from the year-earlier period, with revenue rising 46% to $146.1 million. FireEye (FEYE) also reports late Thursday. Analysts see EPS flat at 9 cents while revenue rises 8% to $248.9 million. SolarWinds (SWI) reports early Tuesday, and Wall Street expects EPS to fall 19% to 21 cents, with revenue rising 4% to $256.4 million.
Roku Seen Swinging To Profit
The streaming video platform reports late Wednesday. Analysts expect Roku (ROKU) to earn 12 cents a share vs. a year-ago loss of 35 cents a share. Sales are seen leaping 69.5% to $618.8 million. Wall Street has forecast an additional 2.1 million new users in the June quarter for a total 55.7 million users.
GM, Auto Parts Giant Due
Early Wednesday, Wall Street sees General Motors (GM) reporting EPS of $1.82 vs. a 50-cent per-share loss a year ago. Revenue is seen growing 78% to $29.92 billion. On Friday, key auto supplier Magna International (MGA) is expected to swing to EPS of $1.41 from a loss of $1.71 per share a year ago, as revenue more than doubles to $9.145 billion. Also on tap are Stellantis (STLA), formerly Fiat Chrysler, and electric-truck startup Nikola (NKLA), both Tuesday.
On Monday, the Institute for Supply Management will release its manufacturing activity gauge, and the Commerce Department will report construction spending. ADP puts out its private-sector payroll numbers on Wednesday. The Labor Department publishes weekly jobless claims on Thursday and monthly employment figures on Friday.
- Zebra Technologies (ZBRA) reports early Tuesday. Analysts expect EPS to jumped 71% to $4.12, on sales of $1.35 billion, up 41%.
- Match Group (MTCH) reports late Tuesday. Analysts expect EPS to rise 6% to 54 cents as revenue climbs 24% to $687 million.
- Etsy (ETSY) reports late Wednesday, and EPS is expected to sink 82% to 13 cents, while revenue grows 22% to $525 million.
- Dropbox (DBX) reports late Thursday, and EPS is expected to climb 50% to 33 cents, on revenue of $524 million, up 12%.
- Beyond Meat (BYND) reports late Thursday. Wall Street expects per-share losses to widen to 22 cents from 2 cents a year ago while revenue increases 24% to $141 million.
- Illumina (ILMN) reports late Thursday, and EPS is expected to jump 119% to $1.36 as sales surge 61% to $1.02 billion in sales.
- Floor & Decor (FND) reports late Thursday. Analysts expect EPS to spike 377% to 62 cents as sales leap 81% to $837 million.
- Yeti (YETI) reports early Thursday. Analysts expect EPS to climb 34% to 55 cents with sales up 33% to $327.5 million.
- Square (SQ) reports late Thursday. Analysts estimate a 67% EPS bump to 30 cents on revenue of $5.03 billion, up 163%.
- Canopy Growth (CGC) reports fiscal Q1 earnings early Friday. Wall Street expects per-share losses to widen to 22 cents from 20 cents a year ago, as revenue increases 50% to $124 million.
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