EarningsBeats.com Digest for July 12, 2021
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Trading Places Live Cancelled Today
There will not be a Trading Places Live show this morning. We will resume on Wednesday, July 14th at 9:00am eastern.
Upcoming Earnings ChartLists
Our ChartLists for this week's upcoming earnings are now available. You can access them by clicking below. If you like what you see, consider becoming a NO COST 30-day trial member with us to
receive access to our member exclusive ChartLists.
Join Us for Two Big Webinars This Week:
Model ETF Portfolio: Sneak Preview
Today, July 12th at 4:30pm EST
About the event: Every 90 days, Chief Market Strategist Tom Bowley releases a new batch of ETFs that are meant to be held for the subsequent 90 days. This event is a preview of our members-only event on July 19th, where Tom's latest picks will be announced. When it comes to ETF investing, our mantra is KNOW WHAT YOU OWN. During this session, Tom will demonstrate how our research will help you know
what you own if you're an ETF investor and will discuss the strategies he uses to construct the Model ETF portfolio that is available to all EarningsBeats.com members.
Who can attend: This is a FREE event and is open to YOU! You will be sent room instructions later today prior to the start of the event.
Options Max Pain
Tuesday, July 13th at 4:30pm EST
About the event: Held once every month, our Max Pain webinars provide our members with invaluable information as we approach monthly options expiration. If you want to see which stocks are under the market makers' spell, you don't want to miss this event.
Who can attend: This is an EarningsBeats members-only event. To sign up for a NO COST 30-day trial and receive access to this event, click below.
This Bank is Showing Tremendous Relative Strength
The week ahead will be interesting for a number of reasons, but bank earnings kicking off earnings season ranks right up there. I've discussed the big banks that will be reporting, including JPM, C, BAC, WFC, and PNC. The latter three have attracted more of Wall Street's money in recent weeks, so look for solid earnings there. Perhaps the best looking bank stock, however, is First Republic Bank San Francisco (FRC), which gained more than 4%
during Friday's bank rally and is poised to break to yet another all-time high:
The PPO has turned back up above the centerline, volume has been strong during the most recent advance, and the AD line has surged as well. Relative strength over the 3 months leading up to earnings has been exceptional with FRC at an 8-month relative high. I would expect FRC to report solid numbers and potentially raise guidance as well.
Happy trading!
Tom Bowley
Chief Market Strategist
EarningsBeats.com
Better Timing. Better Trades.
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