EarningsBeats.com Digest for February 18, 2022
|
Upcoming Earnings ChartLists
Our ChartLists for this week's upcoming earnings are now available. Click below to access the ChartLists. If you like what you see, consider joining us for a NO COST 30-day trial to receive access to our member-exclusive content.
Join Us For Tomorrow's Event...
The Most Overlooked Growth Stocks
Saturday, February 19th at 10am ET
This is the third and final event of our February Educational Series. Are all growth stocks created equally? They sure do seem to be, given the huge drops in nearly every growth stock. But have some been unfairly treated, given their propensity to produce better-than-expected results? Tom Bowley, Chief Market Strategist, thinks so and he'll point out a number of his favorite stocks that could set up for
MASSIVE returns later in 2022.
This is a members-only event and a FREE 30-day trial grants you access to the event. You can sign up for a 30-day NO COST trial by clicking the link below which will guarantee you a seat to the webinar, as well as all of the features of an EarningsBeats membership. Don't think twice!
Booking Holdings (BKNG) Has Ended its Seasonal Disorder
One of the most glaring and bullish seasonal periods belongs to Booking Holdings (BKNG). Over the past 20 years, BKNG has produced average returns of roughly 25% for the period February 1st through May 31st. That's a tremendous ANNUAL return and yet BKNG has managed to produce that average gain over just a 4-month period each year. As you
might suspect, the rest of the calendar year doesn't go quite so well, although it's positive as well. Take a look at BKNG's seasonal chart:
BKNG reports its quarterly results next Wednesday, February 23rd, after the market closes, and a lot can change based on an earnings report. However, the bullish seasonal period has already kicked in for BKNG. Despite dropping nearly 3% on Thursday, BKNG is still up approximately 7% thus far in February. As you can see from the seasonality chart above, February has been BKNG's best calendar month of the year this century. BKNG's relative
strength vs. its travel & tourism ($DJUSTT) peers has been excellent, so I'm expecting to see a strong report next Wednesday. If so, BKNG could be on its way to another strong advance during this bullish February to May period.
|
Tom Bowley
Chief Market Strategist
EarningsBeats.com
Better Timing. Better Trades.
|
|
|
|
