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Roku, BHP Billiton Lead 4 Stocks In Bullish Bases With Earnings Due: S&P 500, Dow Jones, Nasdaq Futures | Stock News & Stock Market Analysis

Futures for the S&P 500 index, Dow Jones industrial average and Nasdaq 100 were narrowly mixed early Tuesday morning. BHP Billiton (BHP) was poised to report six-month results with the mining giant’s stock near a buy point. Roku (ROKU), Stamps.com (STMPS) and Norwegian Cruise Line Holdings (NCLH) also have fourth-quarter earnings on tap with their stocks in consolidations.

X The S&P 500 index and Dow Jones have rallied for six straight sessions, pushing the market back into a confirmed uptrend after a sharp, brief correction. The Nasdaq composite rose for five sessions before edging lower Friday.

S&P 500 index futures were essentially unchanged vs. fair value. Dow Jones futures retreated 0.1%. Nasdaq 100 futures rose 0.1% vs. fair value.

BHP Billiton

BHP Billiton reports six-month results very early Tuesday morning. BHP is trying to speed up the sale of its U.S. shale assets, worth some $10 billion. BHP also is battling activist investor Elliot Management, which wants the mining giant to reorganize as a single entity in Melbourne and drop its second listing in London.

The Australian mining giant is in a flat base, really a base-on-base pattern with a 50.89 buy point. BHP closed Friday at 48.69.

BHP sold off during the stock market correction but has come roaring back, quickly retaking its 50-day moving average last week.

BHP’s relative strength line hit its best level in more than two years last week on a daily chart, or just shy of that mark on a weekly chart. The RS line tracks a stock’s performance vs. the S&P 500 index. Investors should look for stocks with strong RS lines.

BHP is one of several big-cap stocks with earnings Tuesday: Walmart (WMT), Home Depot (HD), MGM Resorts (MGM) and Domino’s Pizza (DPZ).

Roku

Roku will report late Wednesday. Roku makes set-top boxes for streaming video such as Netflix (NFLX), Amazon (AMZN) Prime Video, Hulu and more, competing with rival devices like the Amazon Fire TV and Apple (AAPL) TV. But it’s focusing on services and advertising for growth.

Analysts expect an adjusted loss of 11 cents a share on revenue of $183 million. Key for investors will be growth metrics such as the company’s active user base, streaming hours and average revenue per user.

Roku came public at 14 in late September and debuted well. After a short rise shares consolidated in an IPO base. On Nov. 8 Roku released its first earnings report as a public company. Shares skyrocketed 55% the next day and another 46% over the next two sessions as Roku blasted to a new high. The stock continued rising to 58.80 on Dec. 19.

Shares pulled back sharply over the next several weeks but started to move higher in February. It’s working on a cup base with a 58.90. The stock just retook its 50-day line on Friday, closing at 48.22.

Stamps.com

Stamps.com also reports after Wednesday’s market close.

Analysts expect earnings per share of $2.75 vs. $2.73 a year earlier. Revenue should climb 12% to $119 million.

Stamps.com is in a consolidation with a 233.23 buy point though aggressive investors could treat 211.50 as an early entry. The stock is just below its 50-day moving average line. Stamps.com closed Friday at 186.60.

Stamps.com stock fell 23% after last report.

The stock’s RS line is low. A move above the 211.50 area would presumably lift the RS above at least a short-term level, but still below its late October peak.

Norwegian Cruise Line Holdings

Norwegian Cruise Line reports fourth-quarter earnings early Thursday. Analysts expect earnings per share to rise 31% to 63 cents, with revenue up 11% to $1.252 billion.

Norwegian Cruise Line is in a flat base going back to early August with a buy point of 61.58. The stock found support at its 50-day and 200-day lines during the correction, rebounding to 59.11 Friday.

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