Hey traders!
I hope you enjoyed your long weekend. I know I did!
But, it’s time to get back at it. And guess what, it’s another week with a multitude of earnings reports in focus! Of these reports, I’d argue that Nvidia and Walmart are the most important.
Check out my full list below:
Tuesday:
Before Market Open:
Walmart (WMT)
Home Depot (HD)
After Market Close:
Palo Alto Networks (PANW)
Solar Edge (SEDG)
Teladoc (TDOC)
Caesars Entertainment (CZR)
Toll Brothers (TOL)
Wednesday:
Before Market Open:
Wingstop (WING)
Wix (WIX)
After Market Close:
Nvidia (NVDA)
Etsy (ETSY)
Lucid (LCID)
Rivian (RIVN)
Sunrun (RUN)
Thursday:
Before Market Open:
Moderna (MRNA)
Wayfair (W)
Nikola Corp (NKLA)
Planet Fitness (PLNT)
After Market Close:
Block, Inc (SQ)
Carvana (CVNA)
MercadoLibre (MELI)
Intuit (INTU)
LiveNation (LYV)
Something else to keep in mind is the bearish seasonality that generally hits the last two weeks of February. Otherwise known as right now! While I love NVDA, it’s not sneaking past me that a huge part of this massive tech rally hinges on blowout numbers from NVDA. Can that happen? Hmm…maybe, but enough to sustain this rally? That’s another question entirely. Generally, when a stock is so parabolic, the move is already priced in. That’s why you should be aware of the fact that this highly anticipated report could very well lead to a pullback in the market if the numbers aren’t absolutely, inarguably fantastic.
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