Earnings Index Basket: Weekly Special Report based on 1.00 Lot Calculation:
EARNINGS SEASON (Q1): APRIL 12 – MAY 15
|
Instrument |
Ticker |
Sectors |
Earnings Dates |
Time |
|
NASDAQ 100 |
USA100 |
Technology (57.1%), Consumer Discretionary (18.73%), Health Care (7.12%) etc. |
April 12 – May 15 |
PREMARKET/ AFTERMARKET |
|
S&P 500 |
USA500 |
Information Technology (29.6%), Financials (13.2%), Health Care (12.4%), Communication (9%), Industrials (8.8%, etc. |
April 12 – May 15 |
PREMARKET/ AFTERMARKET |
|
DOW JONES 30 |
USA30 |
Financials (20.15%), Information Technology (18.62%), Health Care (18.76%), Industrials (14.64%), etc. |
April 12 – May 15 |
PREMARKET/ AFTERMARKET |
Source: Investopedia.com
- WHAT IS A STOCK INDEX: According to Investopedia.com, a stock index measures the price performance of a basket (group) of stocks using a standardized metric and methodology. The S&P 500 Index is one of the world's best-known indexes and one of the most commonly used benchmarks for the stock market.
- COMPONENTS: USA100 includes 100 companies such as Amazon, Tesla, Nvidia, Meta, Microsoft, Apple and etc.; USA500 includes the largest 500 companies in the US such as Apple, Microsoft, Goldman Sachs, General Motors, ExxonMobil, Chevron and etc.; USA30 includes 30 companies such as Amazon, Boeing, JPMorgan, Nike, Walmart, Coca-Cola and etc.;
- Q1’ 24 EARNINGS SEASON IS EXPECTED TO OFFICIALLY START ON APRIL 12. Each season, the banking sector led by Citigroup, JPMorgan, Wells Fargo and Goldman Sachs report their earnings results first. Later on, big companies such as Netflix, Tesla, Amazon, Meta, Microsoft and Apple will release their Q1 earnings reports.
- EARNINGS PERFORMANCE: According to LSEG, on average more than 70% of companies have beat earnings estimates over the past 5 quarterly earnings seasons.
INDEX PRICE REACTION: BASED ON STATISTICAL ANALYSIS (PAST 6 QUARTERS)1
|
Downside potential |
Upside Potential |
|
-4.72% |
+8.54% |
|
Potential Profit/Loss on 1 lot of every index in the basket2 |
|
|
-$29,861 |
$54,095 |
|
-€27,810 |
€50,379 |
|
-£23,763 |
£43,048 |
|
-C$40,490 |
C$73,349 |
Data Source on Price Returns and Volatility: Bloomberg
TARGET LEVELS: SUPPORT AND RESISTANCE
|
Stock Index |
Support |
Current Price |
Resistance |
|
USA100 |
17,579 |
18,449 |
20,025 |
|
USA500 |
5,032 |
5,282 |
5,733 |
|
USA30 |
37,709 |
39,576 |
42,958 |
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 three indices during the last 6 earnings seasons.
2- Profit/Loss Calculation (**): Based on 1 lot (*) on each of the three indices (3 lots). Range: based on the statistical analysis.
* USA100, USA500, USA30: 1.00 lot is equivalent to 10 units.
** Calculations for exchange rate used as of 09:20 (GMT+1) 04/04/2024.
Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Senior Account ManagerClient 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 Senior Account ManagerClient Managerfor more detail