7 Monster Earnings Predictions for The Week of July 22

It is going to be a busy week for earnings, with companies like Facebook, Tesla, Alphabet, Amazon, and more all reporting results. So I’m going to give you predictions using a technical take only on the stocks. Usually, I do options and fundamental analysis too, but there are just too many companies this week to that.  I am going to present in order of when they are reporting.

And no, I am no Nostradamus

7 Monster Earnings Predictions

SNAP (SNAP)

Snap is first up, and the stock hasn’t been acting particular well heading into these, usually not a good sign. The chart doesn’t look particularly strong either. SNAP has fallen below an uptrend and failed at resistance at $16. The RSI is also starting to know trend lower, suggesting momentum has turned from bullish to bearish. I think there is a good chance the stock is trading around $13.20 follow results.

SNAP

SNAP

Boeing (BA)

Boeing seems it can’t do any wrong. No matter what the negative headline the stock goes up. It sticks to the long-term uptrend like glue and has once again cleared resistance around $370. I wouldn’t be surprised to see the stock trading around $400 or higher following the results.

boeing, ba

boeing, ba

Facebook (FBWealth Strength IndexAAPL is Extremely Up and trending Up)

Facebook has a history of crushing earnings estimates, and I’m sure this quarter will be no different. I think the stock trades back to its all-time highs around $219.

facebook, fb

facebook, fb

Tesla (TSLAWealth Strength IndexAAPL is Extremely Up and trending Up)

TSLAWealth Strength IndexAAPL is Extremely Up and trending Up I have been saying is going higher since $195, and I still think it’s going higher, but this time to $300.

Tesla, tsla

Tesla, tsla

Amazon (AMZNWealth Strength IndexAAPL is Extremely Up and trending Up)

Here is a different view of AMZNWealth Strength IndexAAPL is Extremely Up and trending Up I haven’t shared before and because of it, I think the stock trades down to around $1810 after the company disappoints with weaker than expected revenue.

amazon, amzn

amazon, amzn

Alphabet (GOOGLWealth Strength IndexAAPL is Extremely Up and trending Up)

Alphabet learns from its first quarter mistakes and puts up a better quarter with better commentary. The stock continues to trend higher and continues to work towards filling the gap at $1,300.

alpahbet, googl earnings predictions

alpahbet, googl earnings predictions

Intel (INTCWealth Strength IndexAAPL is Extremely Up and trending Up)

Intel has also been trending higher, and I think the stock continues to move higher towards $53.

Intel, intc earnings predictions

Intel, intc earnings predictions

Let’s see how many of these predictions I actually get right!? 🙂

Have a great Sunday!

-Mike

This article first appeared on Mott Capital.

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