EarningsBeats.com Digest for April 27, 2020
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Join Tom Bowley for a briefing on market activity on Mondays and Wednesdays from 9-9:30 am EST before the opening bell. Click here to listen live!
Dear Digest Subscriber,
It's Webinar Day!
Event - "Q1 Earnings Season"
Today, Monday, April 27th at 4:30pm eastern
- About the event: Join EarningsBeats.com's Chief Market Strategist Tom Bowley as he zeroes in on stocks that have reported earnings, as well as those which are about to report, and could present high reward to risk trading opportunities.
This webinar is an EarningsBeats.com members-only events. To sign up for a NO COST 30-day trial and receive access to today's event, click below. We hope to see you there!
PS - Sign up today at NO COST and get access to Tom's "Top 20 Pandemic Stocks of 2020" that were released to members this weekend.
Earnings Season Begins To Accelerate This Week
There's a slew of key companies reporting this week, including the likes of Apple (AAPL), Microsoft (MSFT), Amazon.com (AMZN), Facebook (FB), Alphabet (GOOGL), etc. Many of these companies have helped to carry our major indices higher despite the economic destruction left behind by the pandemic. This week will provide our first opportunity to hear results from these companies since the pandemic began and, more importantly, their plans to deal with
it in the future. There have been plenty of solid earnings reports already released this quarter, including Edwards Lifesciences (EW), which blew past estimates last week. Their revenues were $1.13 billion (vs. $1.05 billion estimate) and EPS came in at an impressive $1.51 (vs. $1.29 estimate). There was a huge gap higher, but then a selloff on the news. EW is being added to our Strong Earnings ChartList, which will be updated and available for members later today.
Here's a look at the current picture on EW:
Medical supplies ($DJUSMS) hasn't been a strong industry group, but watch for a breakout. If one were to occur, then a company like EW would be in a position to benefit in a big, big way. The green arrow above marks the rising 20 day EMA. I would expect EW to become a strong long candidate on any such test in the days ahead. Later today, at 4:30pm EST, I'll be hosting a Q1 Earnings webinar for EB.com members where I'll discuss the best
earnings reports out thus far this earnings season and I'll also look ahead to upcoming earnings reports, providing what I believe will be the best reports and likely the best market reactions. It'll be an educational event, so if you're not already an EarningsBeats.com member, I'd love to have you join us by signing up for a fully refundable $7 30-day trial.
Happy trading!
Tom Bowley
Chief Market Strategist
EarningsBeats.com
Better Timing. Better Trades.
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