News this week…
Q1 2022 earnings season in focus.
Major companies reporting this week are Bank of America Corp (BAC), Charles Schwab Corporation (SCHW), Netflix (NFLX), Tesla, Inc. (TSLA), & American Express (AXP).
Netflix, although they continue to grow and increase their revenues the rate of subscriber growth has been down and is expected to be down in Q1, 22. Contributing factors to the slowdown are the suspension of services in Russia as well as increasing competition.
Tesla, continues to break their own record for deliveries. However, their production has declined due to the global supply chain issues. Still the demand remains high for their cars. There is a little of bit uncertainty around the Elon Musk’s offer to buy Twitter. The purchase would require $43B in cash. Speculation is that Musk would have to sell his Tesla stocks to cover that cost. This will have an impact in Tesla’s stock price.
Click on the ticker links below for earnings estimates and whispers on expected earnings.
| Monday, Apr 18, 2022 |
Bank of America Corp (BAC) – Before Market.   |
| The Bank of New York Mellon Corp. (BK) – Before Market. |
| CNB Financial (CCNE) – After Market. |
| J.B. Hunt Transport Services, Inc. (JBHT) – After Market. |
| Pinnacle Financial Partners (PNFP) – After Market. |
| Charles Schwab Corporation (SCHW) – Before Market. |
| Tuesday, Apr 19, 2022 |
| Ameriserv Financial (ASRV) – Before Market. |
| Citizens Financial Group Inc (CFG) – Before Market. |
| Halliburton Co. (HAL) – Before Market. |
| Hasbro, Inc. (HAS) – Before Market. |
| Johnson & Johnson (JNJ) – Before Market. |
| Lockheed Martin Corp. (LMT) – Before Market. |
| Mercantile Bank (MBWM) – Before Market. |
| Netflix (NFLX) – After Market. |
| Pacwest Bancorp (PACW) – After Market. |
| Wednesday, Apr 20, 2022 |
| Alcoa (AA) – After Market. |
| Abbott Labs (ABT) – Before Market. |
| Mercantil Bank Holding Cl A (AMTB) – After Market. |
| Anthem Inc. (ANTM) – Before Market. |
| ASML Holding (ASML) – Before Market. |
| Bank First Corporation (BFC) – After Market. |
| Berkshire Hills Bancorp (BHLB) – Before Market. |
| Comerica Inc. (CMA) – Before Market. |
| CPB (CPF) – Before Market. |
| CSX Corporation (CSX) – After Market. |
| Community Trust Bancorp (CTBI) – Before Market. |
| CVB Financial (CVBF) – After Market. |
| Carvana (CVNA) – After Market. |
| Equifax Inc. (EFX) – After Market. |
| First Internet Bancorp (INBK) – After Market. |
| Knight Transportation (KNX) – After Market. |
| Monarch Casino & Resort (MCRI) – After Market. |
| RLI Corp. (RLI) – After Market. |
| Tesla, Inc. (TSLA) – After Market. |
| Umpqua Holdings (UMPQ) – After Market. |
| Thursday, Apr 21, 2022 |
| American Airlines Group (AAL) – Before Market. |
| Alaska Air (ALK) – Before Market. |
| AutoNation Inc (AN) – Before Market. |
| Banc of California (BANC) – Before Market. |
| BancFirst Corporation (BANF) – After Market. |
| BCB Bancorp (BCBP) – After Market. |
| BJS Restaurants (BJRI) – After Market. |
| Blackstone Group (BX) – Before Market. |
| Coinstar (CSTR) – After Market. |
| Quest Diagnostics (DGX) – Before Market. |
| Dow Chemical (DOW) – Before Market. |
| Heritage Financial (HFWA) – Before Market. |
| NextEra Energy (NEE) – Before Market. |
| Nucor Corp. (NUE) – Before Market. |
| Philip Morris International (PM) – Before Market. |
| Pentair Ltd. (PNR) – Before Market. |
| SCP Pool (POOL) – Before Market. |
| PPG Industries (PPG) – After Market. |
| Boston Beer (SAM) – After Market. |
| SVB Financial (SIVB) – After Market. |
| Snap Inc. (SNAP) – After Market. |
| Sonoco Products (SON) – Before Market. |
| AT&T Inc (T) – Before Market. |
| Tractor Supply Company (TSCO) – Before Market. |
| Union Pacific (UNP) – Before Market. |
| Xerox Corp. (XRX) – Before Market. |
| Friday, Apr 22, 2022 |
| American Express (AXP) – Before Market. |
| Cleveland-Cliffs (CLF) – Before Market. |
| HCA Healthcare, Inc. (HCA) – Before Market. |
| KB Financial (KB) – Before Market. |
| Kimberly Clark (KMB) – Before Market. |
| Regions Financial Corp. (RF) – Before Market. |
| SAP ADR (SAP) – Before Market. |
| Schlumberger Ltd. (SLB) – Before Market. |
| Verizon (VZ) – Before Market. |
The following is a list of stocks for the week of Apr 11, 2022 – Apr 15, 2022 that show bullish and bearish trends.
The bullish matches – Oversold RSI
| Ticker | Company Name | Date | Chart Type | RSI |
| SYNA | Synaptics | Apr 11, 2022 | Inverted Hammer | 28.82 |
| CNXC | CONCENTRIX CMN | Apr 11, 2022 | Unique Three River | 22.79 |
| RBC | Regal Beloit | Apr 11, 2022 | Inverted Hammer | 25.61 |
| UCBI | United Community Banks | Apr 11, 2022 | Inverted Hammer | 29.27 |
| LBAI | Lakeland Bancorp | Apr 11, 2022 | Inverted Hammer | 28.3 |
| FFIC | Flushing Financial | Apr 11, 2022 | Inverted Hammer | 27.67 |
| CMCO | Columbus Mckinnon | Apr 11, 2022 | Inverted Hammer | 29.57 |
| SAVA | CASSAVA SCIENCES CMN | Apr 12, 2022 | Homing Pigeon | 25.81 |
| FFIC | Flushing Financial | Apr 12, 2022 | Ladder Bottom | 29.61 |
| PACK | Ranpak Holdings Corp | Apr 13, 2022 | Inverted Hammer | 28.48 |
| SYNA | Synaptics | Apr 13, 2022 | Harami | 29.82 |
| CNXC | CONCENTRIX CMN | Apr 13, 2022 | Piercing Line | 26.84 |
| TARO | Taro Pharma Industries | Apr 13, 2022 | Harami Cross | 29.45 |
| TARO | Taro Pharma Industries | Apr 13, 2022 | Homing Pigeon | 29.45 |
The bearish matches – Overbought RSI
| Ticker | Company Name | Date | Chart Type | RSI |
| VALU | Value Line Inc | Apr 13, 2022 | Deliberation | 81.69 |
| BLU | Bluecoin | Apr 14, 2022 | Hanging Man | 70.51 |