Tag Archives: earnings

4 Stocks Trading Near Or In Buy Range Before Earnings

Loading the player… Alphabet ( GOOGL ), Microsoft ( MSFT ) and Starbucks ( SBUX ) were all near buy points ahead of their most recent quarterly reports, but have since dropped from those levels after issuing weak results. On the other hand, Facebook ( FB ) and Amazon ( AMZN ) had formed bases and were propelled higher by their strong earnings. Here’s a look at four stocks that are trading near or in buy range ahead of their quarterly reports later this week: Applied Materials ( AMAT ), Autodesk ( ADSK ), Eight By Eight ( EGHT ) and Campbell Soup ( CPB ). Campbell Soup You may not think of Campbell Soup when you think of top stocks, but the maker of packaged food has a high IBD Composite Rating of 92 out of 99. The company is expected to report Friday an earnings increase of 3%, a big slowdown from two quarters in a row of roughly 30% bottom-line growth. Revenue is expected to fall a fraction. Campbell breached support at the 50-day line Wednesday in above-average volume but was able to finish the session just above the line. Shares are now about 5% below their all-time high reached as the stock cleared a flat base buy point of 65.58. The stock is trading 3% below that pivot. Eight By Eight Eight By Eight is a telecom services firm with an 85 Composite Rating. Earnings are expected to drop 60% while revenue climbs 25% when it reports Thursday. Shares tried to break out of a cup-with-handle base with a 12.05 buy point Wednesday, but closed the session below that level. The stock is 13% below its January peak. Applied Materials Applied Materials is expected to see earnings grow 10% on a fractional sales decline. The chip equipment maker, which reports Thursday, has a Composite Rating of 66. Shares are trading in buy range from a cup base the stock initially cleared in March. The stock ran up as much as 11% in the following weeks, but has since pulled back about 8% from its high reached one month ago. Autodesk And computer software firm Autodesk is expected to swing to a loss of 14 cents a share on a 21% decline in revenue when it reports Thursday. The company has a 49 Composite Rating. Shares recently breached support at the 50-day line and are dipping back below buy range from a cup-with-handle base. The stock is now about 12% below its December peak.

4 Stocks Trading Near Or In Buy Range Before Earnings Thursday

Alphabet ( GOOGL ), Microsoft ( MSFT ) and Starbucks ( SBUX ) were all near buy points ahead of their most recent quarterly reports, but have since dropped from those levels after issuing weak results. On the other hand, Facebook ( FB ) and Amazon ( AMZN ) had formed bases and were propelled higher by their strong earnings. Here’s a look at four stocks that are trading near or in buy range ahead of their quarterly reports on Thursday: Applied Materials ( AMAT ), Autodesk ( ADSK ), Eight By Eight ( EGHT ) and Campbell Soup ( CPB ). Campbell Soup You may not think of Campbell Soup when you think of top stocks, but the maker of packaged food has a high IBD Composite Rating of 92 out of 99. The company is expected to report an earnings increase of 3%, a big slowdown from two quarters in a row of roughly 30% bottom-line growth. Revenue is expected to fall a fraction. Campbell breached support at the 50-day line Wednesday in above-average volume but was able to finish the session just above the line. Shares are now about 5% below their all-time high reached as the stock cleared a flat base buy point of 65.58. The stock is trading 3% below that pivot. Eight By Eight Eight By Eight is a telecom services firm with an 85 Composite Rating. Earnings are expected to drop 60% while revenue climbs 25%. Shares tried to break out of a cup-with-handle base with a 12.05 buy point Wednesday, but closed the session below that level. The stock is 13% below its January peak. Applied Materials Applied Materials is expected to see earnings grow 10% on a fractional sales decline. The chip equipment maker has a Composite Rating of 66. Shares are trading in buy range from a cup base the stock initially cleared in March. The stock ran up as much as 11% in the following weeks, but has since pulled back about 8% from its high reached one month ago. Autodesk And computer software firm Autodesk is expected to swing to a loss of 14 cents a share on a 21% decline in revenue. The company has a 49 Composite Rating. Shares recently breached support at the 50-day line and are dipping back below buy range from a cup-with-handle base. The stock is now about 12% below its December peak.

Applied Materials’ 3D ‘Tide’ Won’t Help It Outpace Rivals Lam, KLA

Applied Materials ( AMAT ) could surf the “rising tide” of 3D Nand, but rival Lam Research ( LRCX ) will likely outgrow the No. 2 chip-gear-maker, a Needham analyst said Wednesday ahead of Applied Materials’ Q2 earnings report, due after the close Thursday. In afternoon trading on the stock market today , Applied Materials stock was up 2%, near 20, leading soon-to-merge rivals Lam and KLA-Tencor ( KLAC ), whose shares were up 1.8% and 1%, respectively. The three trail ASML ( ASML ) in terms of market value. ASML stock was up 1% Wednesday afternoon. For its fiscal Q2 ended in late April, Applied Materials is expected to report $2.43 billion in sales and 32 cents earnings per share minus items, flat and up 10%, respectively, on a year-over-year basis. That would come off 4% declines for both metrics in Q1. Three months ago, Applied Materials guided to a 5%-10% sequential jump in sales ($2.37 billion to $2.48 billion) and 30-34 cents EPS ex items. Needham analyst Y. Edwin Mok reiterated his buy rating and 22 price target on Applied Materials stock. Mok and Credit Suisse analyst Farhan Ahmad both expect Applied Materials to report an in-line Q2. But Mok sees potential upside to Applied Materials’ Q3 guidance on strength in 3D Nand flash memory demand. Lam recently guided to 9% quarter-over-quarter shipment growth for Q2. Mok expects Applied Materials to “grow similarly, although likely at a slower pace than Lam.” He sees Applied Materials guiding to 2%-7% sequential growth for Q3 vs. consensus of 22 analysts polled by Thomson Reuters, which models 3% quarter-over-quarter sales growth. Ahmad, on the other hand, expects in-line Q3 guidance. For the second half of the year, display revenue could be guided up 10%-20% vs. last year’s flat quarter, but DRAM (dynamic random-access memory) guidance could disappoint. “DRAM second-half revenues could be ticked down to flat (vs. the prior period),” he wrote in a research report. “Expectations are relatively high. Most investors expect a beat than a miss,” but DRAM has been macroeconomically slogged for several years on slowing PC sales. He kept his outperform rating and 23 price target.