Highlights for this upcoming week:
Jackson Hole Economic Policy Symposium (virtual) will be held from Thursday to Saturday this week. The significance of this meeting is that the Fed’s may provide information on when the US Fed policy makers are planning to ease up on purchasing Treasury and mortgage securities. Currently they are buying $120B worth every month to circulate more cash in the economy.
What does this mean to you? Last time Fed Reserve announced that the easing will begin in 2023 the S&P500 dropped 5%. Although it was only for a short period before it recovered. There will be money making opportunities for short term investors.
Earnings season continue this week and some of the popular companies in Retail and Tech include:
- Best Buy Co. Inc. (BBY) on Tuesday.
- Autodesk, Inc. (ADSK), Salesforce.com (CRM) & Ulta Beauty (ULTA) on Wednesday.
- Dollar General (DG), Dollar Tree, Inc. (DLTR), Dell Tech (DELL), & Workday, Inc. (WDAY) on Thursday.
- Big Lots (BIG) on Friday.
Click on the ticker links below for earnings estimates and whispers on expected earnings.
| Monday, Aug 23, 2021 |
Smart Share Glob Ads (EM) – Before Market.   |
| Ituran Location (ITRN) – Before Market. |
| Tuniu Corporation (TOUR) – Before Market. |
| Fanhua Inc (ADR) (FANH) – After Market. |
| Globe Specialty Metals (GSM) – After Market. |
| REMARK HLDS CMN (MARK) – After Market. |
| Tuesday, Aug 24, 2021 |
| Advance Auto Parts (AAP) – Before Market. |
| Best Buy Co. Inc. (BBY) – Before Market. |
| BLUECITY HOLDING ADS (BLCT) – Before Market. |
| Citi Trends (CTRN) – Before Market. |
| GENETRON HLD ADS (GTH) – Before Market. |
| China Lodging (HTHT) – Before Market. |
| IMEDIA BRANDS, INC. (IMBI) – Before Market. |
| 36Kr Holdings Inc. (KRKR) – Before Market. |
| Pinduoduo Inc. (PDD) – Before Market. |
| Banco BBVA Argentina S.A. (BBAR) – After Market. |
| Nordstrom (JWN) – After Market. |
| Urban Outfitters (URBN) – After Market. |
| 21 Vianet Group (VNET) – After Market. |
| Wednesday, Aug 25, 2021 |
| Autohome ADR (ATHM) – Before Market. |
| Dick’s Sporting Goods (DKS) – Before Market. |
| Express (EXPR) – Before Market. |
| ICLICK INTERCTIV ADS (ICLK) – Before Market. |
| JIAYIN GROUP INC ADS (JFIN) – Before Market. |
| KINGSOFT CLD HLD ADS (KC) – Before Market. |
| LEXINFINTECH HOLDING (LX) – Before Market. |
| QUHUO LIMITED ADS (QH) – Before Market. |
| Shoe Carnival (SCVL) – Before Market. |
| UCLOUDLINK GROUP ADS (UCL) – Before Market. |
| VIOMI TECHNOLOGY ADS (VIOT) – Before Market. |
| Autodesk, Inc. (ADSK) – After Market. |
| Banco Macro S.A. (BMA) – After Market. |
| Box Inc (BOX) – After Market. |
| Salesforce.com (CRM) – After Market. |
| EDAP TMS SA (EDAP) – After Market. |
| Guess’, Inc (GES) – After Market. |
| Pure Storage Inc (PSTG) – After Market. |
| QAD Inc. (QADA) – After Market. |
| QAD Inc. (QADB) – After Market. |
| Splunk Inc (SPLK) – After Market. |
| Grupo Supervielle (SUPV) – After Market. |
| Ulta Beauty (ULTA) – After Market. |
| VITRU LTD COMM SHRS (VTRU) – After Market. |
| Williams Sonoma (WSM) – After Market. |
| Zuora Inc (ZUO) – After Market. |
| Thursday, Aug 26, 2021 |
| Abercrombie & Fitch (ANF) – Before Market. |
| Build-A-Bear Workshop (BBW) – Before Market. |
| Burlington Stores (BURL) – Before Market. |
| CHINDATA GP HLD ADS (CD) – Before Market. |
| Dollar General (DG) – Before Market. |
| Dollar Tree, Inc. (DLTR) – Before Market. |
| Frontline (FRO) – Before Market. |
| Hoegh LNG Partners LP (HMLP) – Before Market. |
| KNOT Offshore Partners LP (KNOP) – Before Market. |
| Momo Inc. (MOMO) – Before Market. |
| Movado (MOV) – Before Market. |
| RedHill Biopharma Ltd. (RDHL) – Before Market. |
| Titan Machinery (TITN) – Before Market. |
| Yunji Inc. Ads (YJ) – Before Market. |
| AFYA LTD CL A CMN SH (AFYA) – After Market. |
| Dell Tech (DELL) – After Market. |
| Domo, Inc. (DOMO) – After Market. |
| GRUPO FIN GALICIA (GGAL) – After Market. |
| The Gap, Inc. (GPS) – After Market. |
| Marvell Tech (MRVL) – After Market. |
| Ollie’s Bargain Outlet Holdings (OLLI) – After Market. |
| VMware, Inc. (VMW) – After Market. |
| Workday, Inc. (WDAY) – After Market. |
| Friday, Aug 27, 2021 |
| Big Lots (BIG) – Before Market. |
| Kanzhun Limited (BZ) – Before Market. |
| Hibbett Sports, Inc. (HIBB) – Before Market. |
| China Petrol & Chemical ADR (SNP) – Before Market. |
| 111, INC. ADS (YI) – Before Market. |
| China Southern Airlines ADR (ZNH) – Before Market. |
The following is a list of stocks for the week of Aug 16, 2021 – Aug 20, 2021 that show bullish and bearish trends.
The bullish matches – Oversold RSI
| Ticker | Company Name | Date | Chart Type | RSI |
| NVRO | Nevro Corp | Aug 16, 2021 | Harami | 17.93 |
| FICO | Fair Isaac | Aug 16, 2021 | Hammer | 21.68 |
| PDD | Pinduoduo Inc. | Aug 17, 2021 | Unique Three River | 29.35 |
| NVRO | Nevro Corp | Aug 17, 2021 | Three Inside Up | 29.04 |
| WIX | Wix.Com Ltd | Aug 17, 2021 | Unique Three River | 16.35 |
| PGNY | PROGYNY, INC. CMN | Aug 18, 2021 | Harami | 27.45 |
| LVS | Las Vegas Sands | Aug 20, 2021 | Piercing Line | 26.63 |
The bearish matches – Overbought RSI
| Ticker | Company Name | Date | Chart Type | RSI |
| RGEN | Repligen | Aug 16, 2021 | Hanging Man | 72.65 |
| AQUA | Evoqua Water | Aug 17, 2021 | Hanging Man | 73.94 |
| SPSC | SPS Commerce | Aug 17, 2021 | Hanging Man | 73.39 |
| WTS | Watts Water Technologies | Aug 17, 2021 | Hanging Man | 77.19 |
| IT | Gartner | Aug 18, 2021 | Breakaway | 71.39 |
| STMP | Stamps.Com | Aug 20, 2021 | Hanging Man | 78.37 |
Advanced Auto Parts(AAP) and Best Buy both beat earnings, EPS and revenue estimates by a good margin.
Both companies are projecting a positive outlook for the next year.
We are bullish on these stocks.
Ulta Beauty (ULTA), Sales Force (CRM) & AutoDesk Inc (ADSK) all beat EPS and revenue estimates by a good margin.
AutoDesk Inc (ADSK) however projections for 3rd quarter was less than analyst estimates.
Workday, Inc (WDAY) crushed earnings, EPS and revenue estimates. Also, their outlook projections are better than estimates.
Dollar General (DG) and Dollar Tree (DLTR) beat estimates but missed outlook consensus.