US Earnings
Monday, December 18 –
Tuesday, December 19 – FedEx & Accenture.
Wednesday, December 20 – Micron Technology
Thursday, December 21 – Paychex, Carnival, and Nike.
US Earnings
Monday, December 11 – Oracle.
Tuesday, December 12 – Johnson Controls International.
Wednesday, December 13 – Adobe.
Thursday, December 14 – Costco.
Friday, December 15 –
S&P500
S&P 500 earnings are forecast to grow 2-5 percent next year with EPS of $US225. This supports a price target of 4500 points for the index.
Crude Oil Futures
Crude Oil futures are trading $69.50
Value vs Growth
We’re bullish on value names as the gap in performance between growth and value widens. For example, the Russell 3000 Growth is up 34% this year, while the Russell 3000 Value is flat. This is one of the largest gaps in recorded history.
Small-cap value is among the most compelling investment opportunities in 2024.
US Trade Table
NASDAQ Trade Table is up 21.3% YTD.
S&P 100 Trade Table is up 15.7% YTD
US Technolgy Disruptors is up 16.5% YTD
US Earnings
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 –
Nvidia: Q3 Earnings Review
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.
US Earnings
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: US Trade Table
Intel Corporation – Common is a current holding in our US Trade Table, after 20 days the trade is up 22%
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