Earnings Preview (Plus Exclusive Video)

Exclusive Bank of America Q2 Earnings Video

You can probably tell my children have been out of school almost exactly when I sent the last newsletter.

But it also coincided with the natural lull I feel when there are no earnings reports to cover.

Luckily the kids head back to school just in time for earnings season which officially began last week. Below you will find links to videos I’ve done - including an exclusive video I’m only sharing with you because you’re a newsletter subscriber.

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Earnings season officially kicked off last week when we got earnings reports from:

• 7/12 Pepsi - Earnings Video

• 7/14 TSM - Earnings Video

• 7/14 JP Morgan - Earnings Video

• 7/15 Citi - Earnings Video

• 7/15 Wells Fargo - Earnings Video

Exclusive Newsletter Earnings Video!

• 7/18 Bank of America - Earnings Video

Thank you all for being a subscriber to the newsletter. I want to make videos that are exclusive to the subscribers - above is a special YouTube earnings video you can only find by using the link above!

Earnings Preview Videos

Some companies are just simply more fun to talk about - so in that case I’m doing earnings preview videos for a handful of stocks.

• Netflix Earnings Preview

• Tesla Earnings Preview

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We’ve got a busy next 2 months of earnings. This earnings season is particularly important because there is quite a bit of uncertainty. We’ve got JP Morgan’s CEO saying a hurricane is coming and Bank of America saying their customer is stronger than ever.

That’s a sign no one has any idea what the next few quarters are going to bring - and that’s actually somewhat unusual.

It will heighten the importance of earnings, the guidance and subsequent market reaction.

Upcoming Earnings:

• 7/19 Netflix (NFLX)

• 7/20 Tesla (TSLA)

• 7/21 AT&T (T)

• 7/22 Verizon (VZ)

• 7/26 GM

• 7/26 Microsoft (MSFT)

• 7/26 Google (GOOG GOOGL)

• 7/26 Visa (V)

• 7/27 Shopify (SHOP)

• 7/27 Ford (F)

• 7/27 Teladoc (TDOC)

• 7/28 Amazon (AMZN)

• 7/28 Apple (AAPL)

• 7/28 Intel (INTC)

• 7/28 Roku (ROKU)

• 7/28 Mastercard (MA)

• 8/1 Pinterest (PINS)

• 8/2 Uber (UBER)

• 8/2 Lyft (LYFT)

• 8/2 Alibaba (BABA)

• 8/2 PayPal (PYPL)

• 8/4 Block (SQ)

• 8/4 Plug Power (PLUG)

• 8/8 Palantir (PLTR)

• 8/10 Disney (DIS)

• 8/10 NIO

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Technically Speaking

S&P 500 Chart From July 18, 2022

Technically the SPX or S&P500 is still in an intermediate downtrend. The market has some short-term momentum to the upside heading into earnings.

My expectations are earnings won’t be good enough to reverse the trend. For the trend to be reversed on the S&P500 - you need a push above 4200.

Let’s assume I’m wrong, markets rally 10% up to 4200 - I’d sell more of my portfolio and wipe my tears with higher rates earned on my cash … since a 10% rally in stocks would give the FED cover to keep rates “high.”

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Shopping List

Longer Term: IBB, GOOGL, AAPL, AMZN, MSFT, TSLA, NVDA, XLB, BRK, XLY, XLI

Shorter Term Trades: PLTR, PINS, META, NFLX

Belief is we’ll have a “prolonged” contraction in valuations. Meaning months of accumulation - so I’m not in a hurry buying anything (other than the short term trades that setup). The last time I thought this was March 2020 … hoping this time I’m right.

We’ll see.

Keep me posted on what you’re buying/selling in the comments. Until then, good luck with your investments.

Colin