Dear EarningsBeats Digest Member,
Sneak Preview Q4 Earnings Webinar
We had a great turnout for yesterday's "Sneak Preview Q4 Earnings Webinar" featuring EarningsBeats.com Chief Market Strategist Tom Bowley. During the event, Tom went over a number of stocks that will be reporting earnings including 15 stocks that he feels could move substantially higher or lower based on specific charts. The recording of the event will be sent out to everyone later today. It's a MUST
see!
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Will The Semiconductors Shine Again In Earnings Season?
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Relative strength says yes. The semiconductor group ($DJUSSC) has been trending higher for 13 months now, ever since the key December low printed in 2018. It's definitely extended and priced for excellent earnings growth. Weekly RSI on the DJUSSC is at 75, the highest level since the 2016-2017 run ended in November 2017. Yet, on a relative basis, there aren't many places that Wall Street would rather be. The
DJUSSC:SPX ratio is nearing its 2018 high and not too far from a key relative top in 2002-2003. Profits are expanding rapidly in this very low interest rate environment and Wall Street is willing to pay up for it. This brings us to Texas Instruments (TXN), which will report earnings after the bell today:
