Google-parent Alphabet, TD Ameritrade Earnings Due

Dow Jones futures edged higher vs. fair value Sunday, along with S&P 500 futures and Nasdaq futures, amid hopeful headlines from North Korea. That suggesting stocks will rebound at Monday’s open after Friday’s sell-off. A busy week of earnings looms. Google-parent Alphabet (GOOGL) reports earnings Monday, with Facebook (FB), Amazon (AMZN) and Twitter (TWTR) later this week. TD Ameritrade (AMTD) and Halliburton (HAL) also are on tap Monday.


The Dow Jones, Nasdaq composite and S&P 500 index all closed higher last week, but on Friday fell back below their 50-day lines. Blame Apple (AAPL), chip warnings and a rising 10-year Treasury yield.

Google-parent Alphabet, after being caught up in Facebook’s woes, has moved back above its 50-day line. TD Ameritrade is near a buy point after other online brokers reported last week. Halliburton is building the right side of a consolidation.

Dow Jones Futures

Dow Jones futures rose 0.2% vs. fair value. S&P 500 futures climbed 0.2%. Nasdaq 100 futures advanced 0.1%. The 10-year3Treasury yield inched up to a 4-year high of 2.966% while crude oil futures edged lower.

Keep in mind that trading in stock market futures or other overnight moves often doesn’t translate into actual trading during the next regular session.

The  rise in Dow Jones futures comes amid seemingly positive headlines from Asia. North Korea will suspend tests of nuclear weapons and intercontinental missiles, state-run media reported over the weekend. Kim is for an April 27 meeting with South Korean President Moon Jae-in. He’s expected to hold a summit with U.S. President Donald Trump in May or June. There was also some some cautiously hopeful news on U.S.-China trade. Treasury Secretary Steven Mnuchin hinted Saturday that he could go to Beijing for trade talks. China’s Commerce Ministry said Sunday in a short statement that the “Chinese side welcomes this.”

Google Kicks Off Internet Earnings

Analysts expect Google-parent Alphabet to report a 22.5% revenue gain to $30.31 billion. Earnings per share should grow 20% to $9.31.

Alphabet ended Friday at 1077.32, continuing to recover from a Facebook-led tumble in late March. The stock is within a double-bottom base with a 1178.26 entry. The relative strength line, which tracks a stock’s performance vs. the S&P 500 index, hasn’t made headway for the past year.

Expect questions about Google’s regulatory risk and data privacy issues in the wake of Facebook’s Cambridge Analytica scandal and tougher oversight and rules from Europe. Google’s competition in voice search and smart appliances vs. Amazon also likely will come up. Look for more details about cloud computing size and growth as Google vies with Amazon Web Services and Microsoft (MSFT) Azure.

Facebook late Wednesday should report EPS of $1.36, up 31%, on revenue of $11.4 billion, up 43%. Analysts want to know about the data privacy scandal fallout. Is Facebook seeing any advertising impact. Is user time on site still falling and are the number of users peaking.

Amazon is on tap late Thursday. Revenue should soar 40% to $50.16 billion, which would be the fifth straight quarter of accelerating top-line growth. Analysts expect EPS to fall 20% to $1.19.

Twitter reports early Wednesday. EPS should climb 9% to 12 cents as revenue rises 11% to $609 million. The short-message social network, beloved by reporters and policy wonks, has gained momentum over the past year.

Shares of Alphabet and Facebook have struggled in 2018 vs. fellow FANG stocks Amazon and Netflix (NFLX) as well as  Twitter.

TD Ameritrade

Charles Schwab (SCHW,) E-Trade Financial (ETFC) and Interactive Brokers (IBKR) reported better-than-expected results last week.

Expect TD Ameritrade earnings of 72 cents a share, up 80%, with revenue sprinting 51% to $1.361 billion.

TD Ameritrade closed Friday at 61.23, not far from a 63.11 flat-base buy point. The RS line is at a record high.

E-Trade is now extended from a buy zone while Interactive Brokers is just below an entry. Schwab has retaken its 50-day and made strides toward its own buy point.


Energy stocks have boomed with U.S. oil prices soaring above $68 a barrel. Shale and refinery stocks have been breaking out. But the oil-services sector has been slower to rebound.

Schlumberger (SLB), which met EPS views for a 90% surge on Friday, said it isn’t seeing a big spending boost even with crude oil prices rising.

Halliburton should post EPS of 41 cents, up 925% vs. 4 cents a year earlier. Revenue is expected to rise 35% to $5.763 billion.

Halliburton is working on a three-month cup base or a huge handle to a 15-month cup-with-handle pattern. Either way, the buy point would be 57.96. The stock closed Friday at 51.96.


The Stock Market Answers 5 Big Questions This Week

Not Just Apple: The Other Big Reason For Friday’s Market Sell-Off

The Big Picture: Coming Week Could Turn Market Around

Stocks To Watch: TD Ameritrade, Green Dot Among Stocks Added To IBD 50 List

Facebook, Amazon, Alphabet Lead Tech Earnings Bonanza: Investing Action Plan

Source link

Originally posted 2019-09-19 23:13:14.


No comments.

Leave a Reply

error: Content is protected !!