August 3rd – 5th Earnings Basket

Special Reports - 27/07/2021

27 July, 2021

The example below uses Contracts For Difference (CFDs). Calculations are only on the price of the specific instrument on the date below and calculations indicate a possible profit or loss. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

August 3rd – 5th Earnings Basket Weekly Uptrend Opportunity based On 1.00 Lot Calculation:

US EARNINGS SEASON (Q2 ‘21) AUGUST 3 – 5

Company	Ticker	Sectors	Earnings Date	Time
Societe Generale	#GLE.PA	Financial Services	August 03, 2021	PREMARKET
General Motors	#GM	Automotive	August 04, 2021	PREMARKET
Plug Power	#PLUG	Energy	August 05, 2021	PREMARKET
Moderna	#MODERNA	Biotech & Pharma	August 05, 2021	PREMARKET
American International Group	#AIG	Financial Services	August 05, 2021	AFTERMARKET

Source: Bloomberg

The five stocks of consideration will all report their Q2 earnings next week (August 3-5).
The stocks belong to four different technology sectors (Automotive, Energy, Biotech & Pharma, and Financial Services). General Motors, Moderna, and AIG are part of the S&P 500 (USA500) index while Societe Generale is a part of French CAC40 (FRA40) index.
According to Bloomberg, the basket has beaten earnings expectations altogether 70% of the time the last 8 quarters.

HISTORICAL PERFORMANCE (PAST 8 QUARTERS): EARNINGS

Company	Earnings Beats Expectations
Societe Generale	6 of 8
General Motors	8 of 8
Plug Power	4 of 8
Moderna	6 of 8
America International Group	6 of 8

Source: Bloomberg

STOCK PRICE REACTION: BASED ON STATISTICAL ANALYSIS (PAST 8 QUARTERS)¹

Downside potential	Upside Potential
-10.57%	+17.41%
Potential Profit/Loss on 1 lot of every stock in the basket²
-$52,874	$87,079
-€44,901	€73,948
-£38,379	£63,207
-C$66,560	C$109,618

Data Source on Stock Returns and Volatility: Bloomberg

TARGET LEVELS: SUPPORT AND RESISTANCE

Company	Support	Current Price	Resistance
Societe Generale	€21.82	€24.40	€28.65
General Motors	$49.87	$55.77	$65.48
Plug Power	$24.15	$27.00	$31.71
Moderna	$300.36	$335.87	$394.34
AIG	$42.66	$47.70	$56.00

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: Average price reaction for all five stocks from 5 trading sessions prior to the earnings date release for the last 8 quarterly earnings releases.

²-Profit/Loss Calculation (**): Based on 1 lot (*) on each of the five stocks (5 lots). Range: based on the statistical analysis.

* 1.00 lot is equivalent of 1000 units.
** Calculations for exchange rate used as of 13:00 (GMT+1) 27/7/2021.
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

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