October 25th – 29th Earnings Basket Weekly Uptrend Opportunity based On 1.00 Lot Calculation:
EARNINGS SEASON OCTOBER 25-29
Company |
Ticker |
Sectors |
Earnings Date |
Time |
Facebook Inc. |
|
Social Media and Advertising |
October 25, 2021 |
AFTERMARKET |
Alphabet Inc. (Google) |
|
Internet Search and Advertising |
October 26, 2021 |
PREMARKET |
Advanced Micro Devices |
#AMD |
Semiconductor |
October 27 , 2021 |
PREMARKET |
Apple Inc. |
#APPLE |
Software, Hardware, and E-Commerce |
October 28, 2021 |
AFTERMARKET |
Moderna Inc. |
#MODERNA |
Pharmaceutical |
October 29, 20213 |
PREMARKET |
Source: Bloomberg
- The six stocks of consideration are expected to report their Q3 earnings next week (October 25-29).
- The stocks belong to a variety of sectors providing good diversification.
- According to Bloomberg, the basket has beaten earnings and revenues expectations collectively 87.50% of the time over the last 8 quarters.
HISTORICAL PERFORMANCE
Company |
Earnings Beats Expectations |
Revenues Bets Expectations |
Facebook Inc. |
8 |
8 |
Alphabet Inc. (Google) |
7 |
7 |
Advanced Micro Devices |
7 |
7 |
Apple Inc. |
8 |
8 |
Moderna Inc. |
6 |
4 |
Source: Bloomberg
STOCK PRICE REACTION: BASED ON STATISTICAL ANALYSIS
Downside potential1 |
Upside Potential1 |
-7.56% |
+16.23% |
Potential Profit/Loss on 1 lot of every stock in the basket2 |
|
-$77,866 |
$167,188 |
-€67,367 |
€144,645 |
-£57,150 |
£122,707 |
-C$97,014 |
C$208,299 |
Data Source on Stock Returns and Volatility: Bloomberg
TARGET LEVELS: SUPPORT AND RESISTANCE
Company |
Support |
Current Price |
Resistance |
Facebook Inc. |
$300.43 |
$325.00 |
$377.75 |
Alphabet Inc. (Google) |
$2,532.86 |
$2,740.00 |
$3,184.75 |
Advanced Micro Devices |
$97.06 |
$105.00 |
$122.04 |
Apple Inc. |
$129.42 |
$140.00 |
$162.72 |
Moderna Inc. |
$288.41 |
$312.00 |
$362.64 |
Note: Support and Resistance Levels have been calculated by using upside and downside potential figures.
Please note that past performance does not guarantee future performance.
1-Calculation Downside/Upside Potential: Based on statistical analysis.
2-Profit/Loss Calculation (**): Based on 1 lot (*) on each of the five stocks (5 lots). Range: based on the statistical analysis.
3-Earnings date estimated.
* 1.00 lot is equivalent to 1000 units for Facebook, Advanced Micro Devices, and Moderna. 1.00 lot is equivalent to 100 units for Apple and Alphabet (Google).
** Calculations for exchange rate used as of 09:58 (GMT+1) 13/10/2021.
Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Client Manager regarding their use.
*** You may wish to consider closing your position in profit, even if it is lower than suggested one
**** Trailing stop technique can protect the profit – Ask your Client Manager for more detail