Earnings in the Spotlight: Oct. 30 – Nov. 3, 2017

After a bullish week of earnings reports Wall street is geared up for another week as more companies test their metal with the release of their Q3 earnings reports.

U.S. stocks have hit all-time highs this October again and again, and many analysts set their expectations high for the reports that are coming out. However, it is important to note that bullish earnings reports do not warrant bullish market reactions. When earnings come out within the investors’ realm of expectations for stocks that are already overvalued many investors choose this as a potential cash-out opportunity. (Good read)

Given the current market many investors are cautious in reinvesting their capital as they deem Wall street has reached it’s “high-of-highs” and is ready for a correction. The upcoming week’s earnings reports could prompt the market to develop into a false breakout as it attempts to clear a new high and send U.S. stocks into a strong correction, forming a new level of resistance at our current support.

 

Here are some noteworthy earnings reports that come out next week:

Monday, October 30, 2017:

Mondelez ($MDLZ) – After Close – Forecasted EPS: 0.54

Tuesday, October 31, 2017:

Master Card ($MA) – Pre Market – Forecasted EPS: 1.23

Electronic Arts ($EA) – After Close – Forecasted EPS: 0.40

Shopify ($SHOP) – Pre Market – Forecasted EPS: -0.17

Pfizer ($PFE) – Pre Market – Forecasted EPS: 0.65

Under Armour ($UAA) – Pre Market – Forecasted EPS: 0.19

Frontier Communications ($FTR) – After Close – Forecasted EPS: -1.1

Wednesday, November 1, 2017:

Facebook ($FB) – After Close – Forecasted EPS: 1.29

Tesla ($TSLA) – After Close – Forecasted EPS: -3.09

GoPro ($GPRO) – After Close – Forecasted EPS: -0.05

Honda ($HMC) – Pre Market – Forecasted EPS: 0.49

Thursday, November 2, 2017:

Apple ($AAPL) – After Close – Forecasted EPS: 1.86

Activision ($ATVI) – After Close – Forecasted EPS: 0.45

RE/MAX ($RMAX) – After Close – Forecasted EPS: 0.52

Western Union ($WU) – After Close – Forecasted EPS: 0.44

Alibaba ($BABA) – Pre Market – Forecasted EPS: 0.84

Ferrari ($RACE) – Pre Market – Forecasted EPS: 0.72

Friday, November 3, 2017:

Fortis ($FTS) – Pre market – Forecasted EPS: 0.46

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