This week, I’m watching the following US earnings.
Monday, November 27 – Zscaler.
Tuesday, November 28 – Intuit, Workday, Splunk, NetApp, Hewlett Packard Enterprise, and CrowdStrike.
Wednesday, November 29 – Salesforce and Snowflake.
Thursday, November 30 – Dell Technologies, and Kroger.
Friday, December 1 –
Third-quarter revenue increased 34% from the prior quarter and 206% from a year ago, reflecting how increased demand for AI has boosted the company’s sales throughout 2023.
The company’s revenue guidance for the current quarter also topped estimates, coming in at $20 billion.
These are the US companies reporting earnings that I’m watching this week.
Monday, November 20 – Zoom Video.
Tuesday, November 21 – Nvidia, Medtronic, Analog Devices, Autodesk, Baidu, HP.
Wednesday, November 22 – Deere.
Intel Corporation – Common is a current holding in our US Trade Table, after 20 days the trade is up 22%
Sorry, but this content is restricted to our members.
Please login with your account or register for a free trial. If your trial has expired, then you may renew it here.
If you are having an issue with your account, then please get in touch with us.
S&P 500 Q3 earnings increased for the first time since last year, with average EPS up 4% year over year. If energy is excluded, the result is more impressive at +10% growth.
S&P 500 EPS forecasts for the full year are $225, (largely the same as 2022), and in 2024 EPS growth is forecast to increase 5% to $237.
At 4500 points the S&P500 is trading at 20x forward EPS.
Monday, November 13 – Tower Semiconductor.
Tuesday, November 14 – Home Depot and Sea Limited.
Wednesday, November 15 – Cisco, Palo Alto Networks, Target and JD.COM.
Thursday, November 16 – Walmart, Alibaba and Applied Materials.
Friday, November 17 – Spectrum Brands.
Intel Corporation – Common is a current holding in our US Trade Table.
Amazon.com, Inc. – Common is a current holding in the US Trade Table.
{INTC.NAS} offers tremendous upside over the next 2 – 5 years. The shift from sell into buy conditions occurred in October & our upside target is $50 – $60. Q423 adj EPS guidance is $0.44, which places Intel on a forward PE of 37.
Level 29 Chifley Tower
2 Chifley Square
Sydney, NSW 2000
1300 614 002
Investor Signals Pty Ltd
ABN 44 143 555 453
Or start a free thirty day trial for our full service, which includes our ASX Research.