FOREX.com by StoneX logo

Earnings Plays This Week 05112020

A few companies to look out for

Global Author
Global Author

Share this:

Earnings Plays This Week
On Tuesday, Ingersoll Rand (IR) is awaited to post 1Q EPS of $0.27 vs. $0.38 the prior year on revenue of $1.3B compared to $620.3M last year. The Co manufactures industrial equipment and its current analyst consensus rating is 7 buys, 8 holds and 0 sells, according to Bloomberg. Technically speaking, the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day MA (respectively at $27.27 and $25.69). We are looking at the final target of $33.00 with a stop-loss set at $25.60. 

On Wednesday, Cisco Systems (CSCO) is anticipated to release 3Q EPS of $0.71 vs. $0.78 the prior year on revenue of $11.9B compared to $13.0B last year. The Co is a leading global supplier of network hardware and software. On May 4th, T-Mobile (TMUS), a wireless network operator, announced the world's first standalone architecture (SA) 5G, created with the help of the Co, as well as Ericsson, MediaTek, Nokia, OnePlus and Qualcomm. From a chartist's point of view, the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is trading under its 20 day MA ($41.86) but above its 50 day MA ($39.91). We are looking at the final target of $47.50 with a stop-loss set at $38.80.  

On Thursday, Applied Materials (AMAT) is expected to announce 2Q EPS of $0.93 vs. $0.70 the prior year on revenue of $4.1B compared to $3.5B in the year before. The Co is a global leader in materials engineering solutions for the semiconductor industry and its current analyst consensus rating is 23 buys, 5 holds and 0 sells, according to Bloomberg. From a technical point of view, the RSI is above 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is above its 20 and 50 day MA (respectively at $50.60 and $49.47). We are looking at the final target of $64.20 with a stop-loss set at $45.60.  

On Friday, V.F. (VFC) is likely to unveil 4Q EPS of $0.19 vs. $0.60 the prior year on revenue of $2.4B compared to $3.2B last year. The Co manufacturers and markets outdoor apparel, and on April 16th, the Co announced that it would be working with its subsidiary, Dickies, a global workwear brand to produce 3.4 million isolation gowns to support the COVID-19 response. Looking at a daily chart, the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the share stands below its 20 and 50 day MA (respectively at $56.29 and $60.58). We are looking at the final target of $73.60 with a stop-loss set at $47.80. 

Looking at the S&P 500 CFD, the index is currently holding its bullish trajectory above its support level at 2725. Price is expected to retest resistance at 2973. If price can breakout of the 2973 resistance level, we will most likely see further advance towards 3129. A break below 2725 support could pressure the index back down towards 2538 support. 



Source: GAIN Capital, TradingView
On Tuesday, Ingersoll Rand (IR) is awaited to post 1Q EPS of $0.27 vs. $0.38 the prior year on revenue of $1.3B compared to $620.3M last year. The Co manufactures industrial equipment and its current analyst consensus rating is 7 buys, 8 holds and 0 sells, according to Bloomberg. Technically speaking, the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day MA (respectively at $27.27 and $25.69). We are looking at the final target of $33.00 with a stop-loss set at $25.60. 

On Wednesday, Cisco Systems (CSCO) is anticipated to release 3Q EPS of $0.71 vs. $0.78 the prior year on revenue of $11.9B compared to $13.0B last year. The Co is a leading global supplier of network hardware and software. On May 4th, T-Mobile (TMUS), a wireless network operator, announced the world's first standalone architecture (SA) 5G, created with the help of the Co, as well as Ericsson, MediaTek, Nokia, OnePlus and Qualcomm. From a chartist's point of view, the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is trading under its 20 day MA ($41.86) but above its 50 day MA ($39.91). We are looking at the final target of $47.50 with a stop-loss set at $38.80.  

On Thursday, Applied Materials (AMAT) is expected to announce 2Q EPS of $0.93 vs. $0.70 the prior year on revenue of $4.1B compared to $3.5B in the year before. The Co is a global leader in materials engineering solutions for the semiconductor industry and its current analyst consensus rating is 23 buys, 5 holds and 0 sells, according to Bloomberg. From a technical point of view, the RSI is above 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is above its 20 and 50 day MA (respectively at $50.60 and $49.47). We are looking at the final target of $64.20 with a stop-loss set at $45.60.  

On Friday, V.F. (VFC) is likely to unveil 4Q EPS of $0.19 vs. $0.60 the prior year on revenue of $2.4B compared to $3.2B last year. The Co manufacturers and markets outdoor apparel, and on April 16th, the Co announced that it would be working with its subsidiary, Dickies, a global workwear brand to produce 3.4 million isolation gowns to support the COVID-19 response. Looking at a daily chart, the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the share stands below its 20 and 50 day MA (respectively at $56.29 and $60.58). We are looking at the final target of $73.60 with a stop-loss set at $47.80. 

Looking at the S&P 500 CFD, the index is currently holding its bullish trajectory above its support level at 2725. Price is expected to retest resistance at 2973. If price can breakout of the 2973 resistance level, we will most likely see further advance towards 3129. A break below 2725 support could pressure the index back down towards 2538 support. 



Source: GAIN Capital, TradingView

Related tags:

The complete CFD trading experience

Award-winning platforms, competitive spreads, low commissions and dedicated support.

We live and breathe the markets and are dedicated to helping traders realise their ambitions as we continue to set the industry bar.

Economic calendar

Web Trader platform

Our sophisticated web-based platform is packed with features.

Related articles

The U.S. Dollar Is Rising Again and Nasdaq Is Feeling It

Nasdaq, the U.S. Dollar Index and Federal Reserve expectations are driving market sentiment ahead of a pivotal FOMC meeting. Razan Hilal, StoneX Market Analyst, explains how rising expectations for a hawkish Federal Reserve, persistent U.S.-Iran tensions and key technical levels on the U.S. Dollar Index could influence currencies, equities and precious metals in the weeks ahead.

StoneX Europe Ltd may make third party material available on this website which may contain information included but not limited to the conditions of financial markets. The material is for information purposes only and does not contain, and should not be construed as containing, investment advice and/or investment recommendation and/or an investment research and/or an offer of or solicitation for any transactions in financial instruments; any decision to enter into a specific transaction shall be made by the client following an assessment by him/her of their situation.

StoneX Europe Ltd makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied. You should always seek independent advice as to your suitability to speculate in any related markets and your ability to assume the associated risks, if you are at all unsure. We are not under any obligation to update any such material. Any opinion made may be personal to the author and may not reflect the opinion of StoneX Europe Ltd.

It's your world. Trade it.