RTX Corp. Q4 Earnings Analysis RTX shares are trading higher after the company’s most recent earnings report reflected strong growth in the fourth quarter. The Aerospace & Defense company reported $1.29 in EPS and $19.7B in revenue, both above analyst expectations. Defense spending has sharply increased in the last 24 months, leading companies like RTX to more contracts. The biggest takeaway wasn’t in what they did last quarter, but what they expect to do in 2024. The company raised guidance for the year ahead, which is likely the main reason why markets are so excited. Technical analysis: The post-earnings power gap-up moved the stock’s daily candle above the 200 day moving average (not shown in chart above). Institutional investors and...
SNAP Chart done on daily timeframe. Shares of Snapchat have enjoyed a rally over the last quarter after the company posted better than expected earnings in Q3. Snapchat posted positive revenue growth for the first time after falling behind in Q1 and Q2, giving investors hope that the company is making a small come back, but they will be tested soon when their earnings come around again. Investors are looking for another quarter with revenue growth, but will also be looking for improvement in net income. Although the company’s revenue growth last quarter, their losses widened, nearly guaranteeing that 2023 will be another losing year, adding to their seven year “streak”. The company’s balance sheet has a positive ratio, but...
XLE
Shares of energy companies are reaching new 52 week lows as capital rotation moves from oil stocks to technology stocks. XLE, which is the largest energy fund on the market, has pulled back about 18% from its 2023 highs. But worldwide energy demand, specifically for oil, has only increased over the last four years, so it’s only a matter of time before oil companies get bought up again. XLE holds shares in companies such as Exxon Mobile, Chevron, ConocoPhillips, and many more fundamentally strong energy companies, which makes it a worthy contender for a portfolio.
NFLX Pre-Earnings Analysis: Chart done on daily timeframe. The streaming king is set to report earnings this week on Tuesday after market close. Netflix will be on the first large cap tech companies to report earnings so many investors are watching close to determine consumer behavior in the steaming sector. The company is expected to beat expectations thanks to their advertising support plan, but rising competition in the space from Prime, Disney+, and Hulu could hold weight on Netflix’s growth. The biggest opportunity for the company remains the same as it was years ago, which is the international market. Netflix has done a great job at keeping the American consumer, and they’re applying different methods in attempt to capture international...
PEP Pre-Earnings Analysis Chart done on daily timeframe. Investors are nervous about PepsiCo’s earnings this quarter after the company’s products got pulled off the shelves of a large supermarket in Europe due to price increases. During the years of heightened inflation, companies like Coca-Cola and PepsiCo managed to continue posting growth because they raised prices to match inflation. American consumers specifically continued buying products as prices went up, but European customers proved to be more sensitive to price hikes, so much so that Carrefour dropped their product from their 1000+ stores across Europe. The boycott of higher prices in Europe might spill over to other places, and with so much competition in the space, PepsiCo’s leadership need to strategize a...
