Alphabet Inc‘s reports on Tuesday: Alphabet is expected to show growth in quarterly revenue and profit, powered by its ad and cloud businesses. Investors will also keep an eye on any commentary on growth in 2022.
Forecast to report revenue of $71.9B for Q4 to mark a 36% jump from last year’s level. EPS is seen coming at $27.19
Meta Platforms Inc reports Wednesday: Meta, (formerly Facebook), is expected to show a rise in revenue, while profit is expected to slightly decline. Investors will focus on commentary and the financial impact of Mark Zuckerberg’s latest project, the metaverse.
Forecast to report revenue of $33.4B (+19% Y/Y)for Q4 and EPS of $3.83B
Amazon.com Inc‘s reports Thursday: Amazon is expected to show a fall in profit, hurt by escalating costs amid supply chain issues, new logistics investments and COVID-related spending. Revenue is expected to grow at its slowest pace since the pandemic as it caps strong sales from last year when consumers were heavily dependent on online shopping.
Ansell is under Algo Engine sell conditions. The company provided preliminary 1H22 results and updated FY22 guidance. FY22 guidance has been revised to US125-145cps, down ~27%.
NVIDIA Corporation – Common is under Algo Engine buy conditions. The stock is up 67% since being added in May 2021 and is among the top performers in the US S&P100 model portfolio.
Apply a stop loss on a break below the $208 support.
Alphabet Inc. – Class C Capital is under Algo Engine buy conditions. The stock is up 129% since being added in May 2019 and is among the top performers in the US S&P100 model portfolio.
Apply a stop loss on a break below the $2492 support.
Bega recently provided a trading update, with FY22 underlying EBITDA expected to be in the range of A$195-215mn.
Earnings have been impacted by supply chain-related disruptions, with some offset by the full-year contribution of the Lion Dairy & Drinks acquisition and related cost synergies. FY23 earnings should reaccelerate and recent shareholder support from Andrew Forrest suggests the current price range is a good opportunity to build a position.
Woolworths Group announced a disappointing trading update which revealed COVID had weighed heavily on earnings during the first half. The retailer anticipates $215mil in COVID-related expenses and before tax profit to fall from $1.3bn to $1.2bn.
We see value in the stock within the highlighted price range.
Sonic Healthcareis under Algo Engine buy conditions. The underlying earnings remain strong and we expect buying support to build within the $34 – $38 price range.
Traders should watch for the stochastic to start trending higher, or a break above the 10 day average in the close price.
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