SNX Pre-earnings Analysis Chart done on daily timeframe. Synnex Corporation is set to release its earnings this week. Investors will be excited to hear about Destination AI, which is the company’s artificial intelligence analytics system. Synnex does business with company’s such as AMD, Nvidia, Oracle, Google…etc., many of which have shown substantial growth over the past year; however SNX’s revenue has not reflected that same growth. The company’s year over year revenue fell by about 8%, which could be attributed to higher interest rates and geopolitical pressures. Overall their revenue has still grown more than 100% to 58B in the last four years so a small slowdown is reasonable, but these earnings will be critical as they could set the...
Exxon Mobil Corporation Chart done on daily timeframe. Trading at a price to earnings ratio of only 12.72, Exxon Mobil is a bargain purchase that investors won’t ignore for very long. The energy giant grew its revenue rapidly during the height of the Ukraine war as demand skyrocketed along with prices, but Covid slowed revenues down, which is why their stock went into a deep slumber. Although revenues have declines for the last four quarters, the company still pulled more than 300B in 2023, 36B of that was net profits. The company’s balance sheet is also at a healthy 2:1 ratio, with 376B in assets and 163B in liabilities. Last but not least, they have a positive free cash flow...
Williams-Sonoma Analysis
Chart done on hourly timeframe. What we’re seeing happen with Williams-Sonoma is very similar to what we saw happen with SMCI this year. Both companies are “low-float” companies that have about 10-11% in short float. Both companies have less than 60M shares available to the public market, which means it doesn’t take much volume to push them up. Considering that 10% of those shares are being shorted, a move up can cause a short squeeze and rocket the stock higher.
At this point there’s not telling when WSM will stop its rally and it’s a very high risk high reward trade. You can use the levels above as guidance if you’re looking for a trade.
Carnival Corporation Pre-earnings Analysis Chart done on daily timeframe. Carnival investors are preparing for the company’s quarterly earnings last this month. The attention will likely be on their ability to meet profit expectations because they struggled to stay positive in 2023. Their quarter over quarter earnings shifted from negative to positive and back to negative again last year so there’s a lot of uncertainty going into these earnings. Although it seems like a lifetime ago, but the pandemic’s toll is still weighing on cruise lines, but they have generally been moving in the right direction. Despite the profit inconsistency, the company’s revenue grew by nearly 100% from 2022 to 2023, reaching about 21B for the year. The company’s entire valuation...
Nike Pre-earnings Analysis Chart done on daily timeframe. Nike is set to report its quarterly earnings today after-hours and expectations are lower than the last three quarters. This means analysts expect Nike’s quarter to come in softer, despite holiday season sales during December. Nike’s last quarter EPS came in at 1.03, analysts are only targeting .69 this quarter. So if Nike beats only modestly beats estimates, it may not be enough to push the stock higher. It would need to report closer to its previous quarter’s EPS to see a big jump. A miss on earnings could be detrimental in the short-term because expectations are already so low. Consumer spending on discretionary items has soften in recent months, which could...
