Earnings Basket

Special Reports - 05/10/2021

05 October, 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.

October 13th – 15th Earnings Basket Weekly Uptrend Opportunity based On 1.00 Lot Calculation:

EARNINGS SEASON OCTOBER 13 – 15

Company	Ticker	Sectors	Earnings Date	Time
J.P. Morgan	#JP_Morgan	Banking and Financial Services	October 13, 2021	PREMARKET
Bank of America	#BOA	Banking and Financial Services	October 14, 2021	PREMARKET
Wells Fargo	#WELLSFARGO	Banking and Financial Services	October 14, 2021	PREMARKET
Morgan Stanley	#MORGAN_STA	Banking and Financial Services	October 14, 2021	PREMARKET
Citigroup	#CITIGROUP	Banking and Financial Services	October 14, 2021	PREMARKET
Goldman Sachs	#GS	Banking and Financial Services	October 15, 2021	PREMARKET

Source: Bloomberg

The six stocks of consideration are expected to report their Q3 earnings next week (October 13-15).
The stocks belong to the Banking and Financial Sector They are all part of S&P 500. J.P. Morgan and Goldman Sachs are also part of the prestigious Dow Jones Industrial Average.
According to Bloomberg, the basket has beaten earnings and revenues expectations collectively 75% of the time over the last 8 quarters.

HISTORICAL PERFORMANCE (PAST 8 QUARTERS): EARNINGS and REVENUE

Company	Earnings Beats Expectations	Revenues Beats Expectations
J.P. Morgan	7 of 8	7 of 8
Bank of America	7 of 8	4 of 8
Wells Fargo	3 of 8	4 of 8
Morgan Stanley	7 of 8	7 of 8
Citigroup	7 of 8	6 of 8
Goldman Sachs	5 of 8	8 of 8

Source: Bloomberg

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

Downside potential	Upside Potential
-2.53%	+7.25%
Potential Profit/Loss on 1 lot of every stock in the basket²
-$25,056	$71,838
-€21,602	€61,936
-£18,381	£52,701
-C$31,547	C$90,448

Data Source on Stock Returns and Volatility: Bloomberg

TARGET LEVELS: SUPPORT AND RESISTANCE

Company	Support	Current Price	Resistance
J.P. Morgan	$162.78	$167.00	$179.10
Bank of America	$42.40	$43.50	$46.65
Wells Fargo	$45.81	$47.00	$50.41
Morgan Stanley	$95.52	$98.00	$105.10
Citigroup	$69.21	$71.00	$76.14
Goldman Sachs	$367.47	$377.00	$404.32

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 six 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 six stocks (6 lots). Range: based on the statistical analysis.

* J.P. Morgan, Morgan Stanley, Citigroup, Bank of America and Goldman Sachs: 1.00 lot is equivalent to 1000 units. Wells Fargo: 1.00 lot is equivalent to 5000 units.
** Calculations for exchange rate used as of 12:06 (GMT+1) 05/10/2021.
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

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