Seven of the eight big “mega-cap” Tech or Tech-related companies are set to report Q3 earnings before the end of October. Our Custom Portfolios tool available to Bespoke Premium and Bespoke Institutional members allows investors to easily monitor the upcoming earnings report dates for the stocks they care about most. Below is a snapshot of the upcoming earnings report dates for stocks in a “Big Tech” custom portfolio that we’ve built. (If you’re already a subscriber, you can import this portfolio into your Custom Portfolios by clicking here.)
Netflix (NFLX) is set to be the first of the mega-caps to report next Tuesday (10/20) after the close. As shown in our earnings calendar, analysts are looking for NFLX to earn $2.14/share this quarter with sales of $6.405 billion. In Netflix’s history as a public company, it has reported quarterly earnings 73 times and exceeded EPS estimates 84% of the time. NFLX has beaten sales estimates 62% of the time and raised forward guidance 25% of the time. In terms of NFLX’s share-price reaction to earnings, the stock has historically averaged a one-day gain of 0.35% on its earnings reaction day (the first full trading day following its earnings release). NFLX is the most volatile of the mega-cap stocks on the list when it comes to earnings with an average absolute one-day change of 12.29% on earnings reaction days.
Tesla (TSLA) reports next Wednesday (10/21) after the close and expects to earn $0.60/share on $8.3 billion in revenues. TSLA has one of the lowest EPS beat rates of the group, but it has averaged a one-day gain of 1.86% on its prior 40 quarterly earnings reaction days.
Next up after Tesla is Amazon (AMZN), which reports next Thursday (10/22) after the close. Amazon is expected to report quarterly sales of $91.6 billion, which would be $23 billion more than the $68 billion in sales it did in Q3 2019. While Q4 is normally AMZN’s best quarter due to the holiday shopping period, if AMZN meets Q3 sales expectations, it would be $5.5 billion more in sales than the company did last Q4.
The following week we’ll get reports from Microsoft (MSFT) on Tuesday (10/27) after the close and then Apple (AAPL), Facebook (FB), and Alphabet (GOOG) on Thursday (10/29) after the close. Of these names, Facebook (FB) has historically beaten EPS and sales estimates at the highest rate (91%), and it’s also the stock that has historically reacted the most positively on its earnings reaction days. To build your own custom earnings calendar of the stocks you care about most, start a two-week free trial to Bespoke Premium today.
Along with getting a helpful earnings calendar for stocks in the Custom Portfolios that you can build, you can also see your stocks run through our Trend Analyzer and Chart Scanner tools. Our Trend Analyzer tool lets you quickly and easily see where stocks or ETFs in your portfolio are trading relative to their historical trading ranges. As shown below, the eight mega-cap stocks in our “Big Tech” portfolio have all moved back above their 50-day moving averages as of this morning and half of them (AMZN, MSFT, NFLX, NVDA) are trading in overbought territory. Of the overbought names, Netflix (NFLX) is the most extended into “extreme” territory. You can learn more about our Trend Analyzer and how to get the best use out of it when you start a two-week free trial to Bespoke Premium.
Finally, our Chart Scanner tool lets you quickly browse through the chart patterns of all the stocks in your Custom Portfolios so you can stay on top of technicals. By checking up on the charts each day, you’ll be able to more easily spot technical breakouts or breakdowns for stocks in your portfolio and potentially act on them if needed. Below is a snapshot of the price charts for the eight “Big Tech” stocks as it would be viewed by members on our website. To build or import your own Custom Portfolio today, start a two-week free trial to Bespoke Premium. It’s worth a try!