Wall Street Week Ahead for the trading week beginning May 3rd, 2021, /u/bigbear0083, on May 2, 2021 at 11:43 am ,

Goooooood Sunday morning to all of you here on r/StockMarket. I hope everyone on this sub made out pretty nicely in the market this past week, and is ready for the new trading week ahead. Here is everything you need to know to get you ready for the trading week beginning May 3rd, 2021. More earnings, April’s big jobs report and inflation worries could swing markets in the week ahead – (Source) April’s jobs report and a barrage of earnings news make for another busy week for markets, as the calendar rolls into May. Stocks notched solid gains in April, as REITs, consumer discretionary names and communications services companies outpaced the broader market, all more than 7% higher. However, April finished on a sour note, with stocks selling off on Friday. “Since November, there’s been a 30% rally,” said Jimmy Chang, chief investment officer at Rockefeller Global Family Office. He noted that historically the November to April period is historically the strongest for stocks. “There’s the adage ‘sell in May, go away.’ It may be somewhat appropriate this year since we’ve done so well in the last six months.” Big jobs report April’s employment report is released Friday, and the market is expecting a big number. Economists say payrolls in April could easily reach 1 million, after 916,000 jobs were added in March. Estimates range from about 700,000 to a forecast of 2.1 million from Jefferies economists. According to Dow Jones, there is a consensus forecast of 978,000 among the economists it surveyed and the unemployment rate is expected to fall to 5.8% form 6%. Fed speakers will also be important after Fed Chairman Jerome Powell said in the past week that the Fed is still looking for “substantial further progress” in its goals for the economy. The chairman emphasized that the Fed is not close to tapering back its bond buying program, a surprise to some investors. Some bond market pros had expected the Fed to start discussing cutting back purchases at its June meeting and begin to reduce its $120 billion monthly bond buying by the end of the year or early next year. “Next week is all about the jobs number, because as part of the Fed’s path to ‘substantial progress’ on their two roles, we’ll see how much further along that path they are next Friday” said Peter Boockvar, chief investment officer at Bleakley Advisory Group. The Fed’s mandate is to pursue full employment and a steady pace of Inflation, which it has targeted at 2%. The Fed has expected a temporary period of high inflation which it expects to see subside later in the year though Boockvar and others say inflation could be hotter than the Fed expects. The core personal consumption expenditures price index jumped 0.36% in March, with the year-ago rate rising from 1.4% to 1.8%. It is expected to go even higher in April. Headline inflation in the consumer price index is expected to begin running at 3% or better when it is reported May 12. Just days after Powell’s comments on tapering, Dallas Fed President Rob Kaplan Friday said the Fed should begin the discussion on paring back bond purchases because imbalances in financial markets and the economy is improving faster than expected. The market’s focus on the Fed’s bond program makes the jobs report even more important. If the Fed starts to taper back those asset purchases, it would then signal it would be on the path toward raising interest rates. Most economists do not expect the Fed to raise interest rates before 2023. “If this jobs number comes in super hot, it’s going to make people up their estimate on when the Fed might taper,” said Michael Schumacher, director rates at Wells Fargo. Powell is among Fed speakers in the coming week, but he is not expected to provide any new views when he participates in a National Community Reinvestment Coalition conference Monday afternoon. Kaplan speaks Tuesday and Thursday, and New York Fed President John Williams and Cleveland Fed President Loretta Mester are also among Fed officials speaking in the coming week. Earnings soar So far, a record 87% of S&P 500 companies have beat earnings estimates, and earnings look to be growing by more than 46%, according to Refinitiv. Credit Suisse Chief U.S. Equity Strategist Jonathan Golub upped his forecast Friday for the S&P 500 based on strong earnings. “We are raising our 2021 S&P 500 price target to 4600 from 4300, representing 9.2% upside from current levels, and 22.5% for the year,” he wrote. Earnings are expected from a diverse group of companies, from General Motors to ViacomCBS. Pharma will be in the spotlight as vaccine makers Pfizer and Moderna both report. Draftkings and Beyond Meat are also on the schedule. A host of travel related companies issue results, including Booking Holdings, Hilton Worldwide , Marriott Vacations, and Caesars Entertainment. Consumer brands, like Anheuser Busch Inbev and Estee Lauder also report, as do insurers including AIG, Allstate, and MetLife. (A calendar with some key earnings dates appears below.) Chang said the market has discounted a lot of the positive news already. “In spite of the really strong reports from the bellwether companies, you’re seeing some of the names starting to peter out a little bit,” said Chang. “I think it’s a sign that so much good news is discounted. I suspect the market is due for a breather. I think in the next couple of months, we’re likely to see sideways movement. There’s likely to be a pullback which will be healthy.” The S&P 500 was up 5.2% in April, finishing Friday at 4,181. It is now up 11.2% for the year so far. The Dow rose 2.7% in April, to 33,874, and the Nasdaq gained 5.4% in April, ending Friday at 13,962. Chang said he expects some of the “boring” blue chips that haven’t participated as much in the rally to do better. Some of those names can be found in pharma, he said. Heading into the coming week, investors will be watching for words of wisdom from Warren Buffett at Berkshire Hathaway’s annual meeting Saturday. This past week saw the following moves in the S&P: (CLICK HERE FOR THE FULL S&P TREE MAP FOR THE PAST WEEK!) S&P Sectors for this past week: (CLICK HERE FOR THE S&P SECTORS FOR THE PAST WEEK!) Major Indices for this past week: (CLICK HERE FOR THE MAJOR INDICES FOR THE PAST WEEK!) Major Futures Markets as of Friday’s close: (CLICK HERE FOR THE MAJOR FUTURES INDICES AS OF FRIDAY!) Economic Calendar for the Week Ahead: (CLICK HERE FOR THE FULL ECONOMIC CALENDAR FOR THE WEEK AHEAD!) Percentage Changes for the Major Indices, WTD, MTD, QTD, YTD as of Friday’s close: (CLICK HERE FOR THE CHART!) S&P Sectors for the Past Week: (CLICK HERE FOR THE CHART!) Major Indices Pullback/Correction Levels as of Friday’s close: (CLICK HERE FOR THE CHART!) Major Indices Rally Levels as of Friday’s close: (CLICK HERE FOR THE CHART!) Most Anticipated Earnings Releases for this week: (CLICK HERE FOR THE CHART!) Here are the upcoming IPO’s for this week: (CLICK HERE FOR THE CHART!) Friday’s Stock Analyst Upgrades & Downgrades: (CLICK HERE FOR THE CHART LINK #1!) (CLICK HERE FOR THE CHART LINK #2!) S&P 500 and DJIA Up Last 9 Post-Election Year Mays May officially marks the beginning of the “Worst Six Months” for the DJIA and S&P. To wit: “Sell in May and go away.” Our “Best Six Months Switching Strategy,” created in 1986, proves that there is merit to this old trader’s tale. A hypothetical $10,000 investment in the DJIA compounded to a gain of $960,943 for November-April in 70 years compared to just $1,656 for May-October. The same hypothetical $10,000 investment in the S&P 500 compounded to $788,997 for November-April in 70 years compared to a gain of just $10,145 for May-October. May has been a tricky month over the years, a well-deserved reputation following the May 6, 2010 “flash crash”. It used to be part of what we once called the “May/June disaster area.” From 1965 to 1984 the S&P 500 was down during May fifteen out of twenty times. Then from 1985 through 1997 May was the best month, gaining ground every single year (13 straight gains) on the S&P, up 3.3% on average with the DJIA falling once and two NASDAQ losses. In the years since 1997, May’s performance has been erratic; DJIA up twelve times in the past twenty-three years (four of the years had gains in excess of 4%). NASDAQ suffered five May losses in a row from 1998-2001, down – 11.9% in 2000, followed by thirteen sizable gains in excess of 2.5% and five losses, the worst of which was 8.3% in 2010. Post-election Year Mays rank near the top, registering average gains on DJIA and S&P 500 of 1.3% and 1.7% respectively. DJIA and S&P 500 have advanced in every post-election year May beginning in 1985. Russell 1000 has been up ten years straight in post-election year Mays. (CLICK HERE FOR THE CHART!) S&P 500 Up Over 10% First Four Months – Preceded Flat May to late-October As of yesterday’s close, S&P 500 was up 11.5% year-to-date. Provided these gains hold through the end of April, this year will be just the seventeenth time since 1950 that the S&P 500 has finished the first four months of the year with a gain exceeding 10%. The best January to April span occurred in 1975, up 27.3% (S&P 500 was in the early stages of a new bull market following the bear ending 10/3/1974 in which the S&P 500 declined 48.2%). The next best year was, 1987 (most will remember what happened later that year) and the most recent year was 2019 (a solid year from beginning to end). In the above chart we have plotted all 17 previous years in which the S&P 500 was up over 10% January through the end of April. Along side for comparison is “All Years,” “Post-Election Years,” and 2021 through yesterday. In the previous 17 years, gains tended to fizzle in early-May before gaining some additional ground from around mid-June to mid-July before once again stalling out till late September with more weakness lasting until late-October. On average, by late-October arrived, gains from the previous three months were given back and since the start of May S&P 500 gained around 2.5% on average. You don’t have to go away in May but considering the historically modest gains from early-May to late-October, it may not quite be worth sticking around. (CLICK HERE FOR THE CHART!) Here Comes Sell In May “The sun was warm but the wind was chill. You know how it is with an April day. When the sun is out and the wind is still, you’re one month on in the middle of May.” American Poet Robert Frost One of the best known investment axioms is to “sell in May and go away.” This is largely because the six months from May through October have historically been some of the weakest months of the year for stocks. As you can see below, the next six months have tended to be on the weak side. (CLICK HERE FOR THE CHART!) As shown in the LPL Chart of the Day, the next six months have indeed been the worst six months of the year, up only 1.7% on average. To add insult to injury, we are leaving the six most bullish months of the year. In fact, the S&P 500 Index is set to gain close to 30% during these most bullish six months, one of the best six-month gains ever. (CLICK HERE FOR THE CHART!) “Stocks are up more than 87% from the March lows, suggesting a well-deserved pullback during these troublesome months is quite possible,” explained LPL Financial Chief Market Strategist Ryan Detrick. “But with an accommodative Fed, fiscal and monetary policy, along with an economy that is opening faster than nearly anyone expected, we’d use any weakness as an opportunity to add to positions.” Here’s the catch, isn’t there always a catch? Stocks have actually been higher during these worst months of the year eight of the past ten years. (CLICK HERE FOR THE CHART!) U.S. Economy Jumps Out of the Gate in 2021 In what was initially expected to be one of the slower quarters of the year, the U.S. economy jumped out of the gates in 2021, with gross domestic product (GDP) growing 6.4% quarter over quarter. A faster than expected vaccination program, nearly $3 trillion in fiscal stimulus—including direct payments to consumers—and faster than expected job growth helped fuel a surge in personal consumption—the largest portion of GDP. As shown in the LPL Chart of the Day, personal consumption grew 10.7% on an annualized basis in the first quarter, the second highest level since the 1960’s: (CLICK HERE FOR THE CHART!) “The U.S. economy is off to a great start in 2021, and this should set the stage for solid growth in the remainder of the year as pent up demand continues to flow through the economy,” added LPL Financial Chief Investment Officer Burt White. “Many areas of the country are still facing restrictions on activity, so we don’t think growth will just be limited to the first quarter.” However, the growth story in the first quarter wasn’t solely about direct stimulus payments. While personal consumption has understandably gained a lot of attention, federal non-defense spending added the most to GDP in nearly 60 years, a segment of the economy unaffected by transfer payments like stimulus checks. Digging into the numbers even further, spending on services grew a modest 4.6%, which should accelerate in the second and third quarters as remaining restrictions are lifted in response to falling cases and rising vaccinations. As of April 28, the US is averaging around 2.5-3 million vaccines administered per day, which has helped over half the adult population receive at least one dose of the vaccine, while nearly 40% of adults are fully vaccinated, according to the Center for Disease Control and Prevention. The U.S. vaccination program has helped pull the economy forward, but net trade was a modest drag on growth in the first quarter, where domestic growth pulled in imports at a faster pace than the recovery outside of the U.S. lifted exports. As the rest of the world gets better control of COVID-19, rebounding economic growth overseas should provide an additional tailwind for U.S. economy. We upgraded our forecast for U.S. GDP in our recent Weekly Market Commentary from 5–5.5% to 6.25–6.75%, and we expect to see the economy continue its pace in the second quarter as restrictions are lifted and activity normalizes. Where Do President Biden’s First 100 Days Stack Up Versus President Trump? President Biden’s 100th day in office is tomorrow, on April 29. Hard to believe it has been 100 days already, but overall the economy continues to improve and stocks have done very well under our new President. We’ve heard the question many times: Where does the Biden rally rank? That is what we will look at today. The term “hundred days” was first used on July 24, 1933, on the radio by President Franklin D. Roosevelt (FDR). He was discussing the 100-day session of the 73rd U.S. Congress, but over time this term has changed to refer to the first 100 days of a new president. Per Ryan Detrick, Chief Market Strategist, “President Biden has been quite kind for stocks, with the Dow up nearly 10%, which is on pace for the best first 100 days in office since FDR in the early 1930s. Then toss in the cherry on top that stocks had one of their greatest rallies ever from Election Day until the inauguration and it is clear that although maybe everyone might not like President Biden, but the stock market doesn’t have many issues with him.” As shown in the LPL Chart of the Day, the Dow has averaged 4.3% the first 100 days of a new President, while it has been higher the first 100 days in office for five of the past six Presidents. In fact, President Biden’s return currently ranks as the third best since 1900, with only Taft and Roosevelt better. Lastly, breaking it down by political party and the first 100 days under a Democratic President was much stronger, up 10.3% on average versus down 0.2% for a Republican President. (CLICK HERE FOR THE CHART!) Here’s a chart we shared earlier this year that shows that stocks did amazingly well from Election Day until the inauguration under President Biden. (CLICK HERE FOR THE CHART!) What can we glean from those first 100 days? Is there any pattern that might suggest how stocks will do during the rest of the time President Biden is in office? You can look for yourself below, but there doesn’t appear to be any clue as to what might happen. President Eisenhower had a weak first 100 days, then a big rally over the remainder of his time in office. Conversely, President Taft saw a big rally during the first 100 days, only to have negative returns for the remainder of his time in office. In the end, fundamentals, valuations, and technicals drive long-term equity returns. The good news is only once since the Great Depression did that mean lower returns for the remainder of time in office after the first 100 days. (CLICK HERE FOR THE CHART!) Wild Data Close To Q1 Today was quite the day for economic data, with two key releases from the Bureau of Economic Analysis (BEA) and Bureau of Labor Statistics (BLS). We’ll start with BEA data on personal income and spending in March. First, as shown below, the savings rate surged in the month, with households saving 27.6% of personal income net of taxes. That’s a huge number, even by the standards of the elevated savings rates that we’ve seen over the course of the pandemic. (CLICK HERE FOR THE CHART!) The reason there was so much saving going on is that transfer payments rose by more than $300bn on the month, driven by the delivery of economic impact payments also known as “stimulus checks” or even shorter: “stimmies.” (CLICK HERE FOR THE CHART!) Incomes also rose thanks to rebounding labor market activity following winter storms in Texas during February and the longer-term trend of reopening across the economy. As shown, the 13.5% annualized growth of wage and salary income in the month was very strong. It was also helped along by wage growth, which we will discuss later on. (CLICK HERE FOR THE CHART!) With spending surging thanks to stimulus checks and other factors, core personal consumption expenditure prices surged by the most MoM since 2009, over 4% annualized. The 4% move was in no small part due to the swing in activity from February to March, and isn’t likely to be sustained, but it is a helpful indicator that prices may be more robust in this recovery than they were during the low inflation post-GFC period. (CLICK HERE FOR THE CHART!) For broad inflation that will concern the Fed, one factor that will be needed along with steadily rising prices is strong wage growth. The second big report today was Q1 wages in the BLS Employment Cost Index (ECI). The ECI does a better job of measuring wage growth than other series because it accounts for changes in the composition of employment over time. As shown in the chart below, Q3 saw the strongest sequential wage growth on record, with a 4.6% annualized advance in wages versus Q4. Some of that came from incentive-paid occupations, which benefit from bonuses and related payments, skewing the results. As shown in the chart, though, there was very strong wage growth even excluding incentive-paid occupations. Anecdotal reports of very tight labor markets amidst booming reopening demand got support from this release. (CLICK HERE FOR THE CHART!) STOCK MARKET VIDEO: Stock Market Analysis Video for Week Ending April 30th, 2021 (CLICK HERE FOR THE YOUTUBE VIDEO!) STOCK MARKET VIDEO: ShadowTrader Video Weekly 5.2.21 (CLICK HERE FOR THE YOUTUBE VIDEO!) Here are the most notable companies (tickers) reporting earnings in this upcoming trading week ahead- $PYPL $PFE $SQ $ROKU $PTON $GM $DKNG $MRNA $CVS $CRSR $RKT $SKLZ $ON $VIAC $ETSY $PENN $UBER $EL $EPD $TWLO $ATVI $TMUS $FSLY $MRO $GOLD $VSTO $SPWR $AMC $AYX $SPCE $FVRR $LPX $CHGG $NET $REGN $BYND $UAA $QRVO $CRNT $COP $RUN (CLICK HERE FOR NEXT WEEK’S MOST NOTABLE EARNINGS RELEASES!) (CLICK HERE FOR NEXT WEEK’S HIGHEST VOLATILITY EARNINGS RELEASES!) (CLICK HERE FOR THE MOST ANTICIPATED EARNINGS RELEASES BEFORE MONDAY’S MARKET OPEN!) Below are some of the notable companies coming out with earnings releases this upcoming trading week ahead which includes the date/time of release & consensus estimates courtesy of Earnings Whispers: Monday 5.3.21 Before Market Open: (CLICK HERE FOR MONDAY’S PRE-MARKET EARNINGS TIME & ESTIMATES!) Monday 5.3.21 After Market Close: (CLICK HERE FOR MONDAY’S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #1!) (CLICK HERE FOR MONDAY’S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #2!) Tuesday 5.4.21 Before Market Open: (CLICK HERE FOR TUESDAY’S PRE-MARKET EARNINGS TIME & ESTIMATES LINK #1!) (CLICK HERE FOR TUESDAY’S PRE-MARKET EARNINGS TIME & ESTIMATES LINK #2!) Tuesday 5.4.21 After Market Close: (CLICK HERE FOR TUESDAY’S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #1!) (CLICK HERE FOR TUESDAY’S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #2!) (CLICK HERE FOR TUESDAY’S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #3!) Wednesday 5.5.21 Before Market Open: (CLICK HERE FOR WEDNESDAY’S PRE-MARKET EARNINGS TIME & ESTIMATES LINK #1!) (CLICK HERE FOR WEDNESDAY’S PRE-MARKET EARNINGS TIME & ESTIMATES LINK #2!) Wednesday 5.5.21 After Market Close: (CLICK HERE FOR WEDNESDAY’S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #1!) (CLICK HERE FOR WEDNESDAY’S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #2!) (CLICK HERE FOR WEDNESDAY’S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #3!) (CLICK HERE FOR WEDNESDAY’S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #4!) (CLICK HERE FOR WEDNESDAY’S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #5!) Thursday 5.6.21 Before Market Open: (CLICK HERE FOR THURSDAY’S PRE-MARKET EARNINGS TIME & ESTIMATES LINK #1!) (CLICK HERE FOR THURSDAY’S PRE-MARKET EARNINGS TIME & ESTIMATES LINK #2!) (CLICK HERE FOR THURSDAY’S PRE-MARKET EARNINGS TIME & ESTIMATES LINK #3!) (CLICK HERE FOR THURSDAY’S PRE-MARKET EARNINGS TIME & ESTIMATES LINK #4!) Thursday 5.6.21 After Market Close: (CLICK HERE FOR THURSDAY’S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #1!) (CLICK HERE FOR THURSDAY’S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #2!) (CLICK HERE FOR THURSDAY’S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #3!) (CLICK HERE FOR THURSDAY’S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #4!) (CLICK HERE FOR THURSDAY’S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #5!) Friday 5.7.21 Before Market Open: (CLICK HERE FOR FRIDAY’S PRE-MARKET EARNINGS TIME & ESTIMATES LINK #1!) (CLICK HERE FOR FRIDAY’S PRE-MARKET EARNINGS TIME & ESTIMATES LINK #2!) Friday 5.7.21 After Market Close: (CLICK HERE FOR FRIDAY’S AFTER-MARKET EARNINGS TIME & ESTIMATES!) DISCUSS! What are you all watching for in this upcoming trading week? PayPal $262.29 PayPal (PYPL) is confirmed to report earnings at approximately 4:15 PM ET on Wednesday, May 5, 2021. The consensus earnings estimate is $1.01 per share on revenue of $5.90 billion and the Earnings Whisper ® number is $1.11 per share. Investor sentiment going into the company’s earnings release has 80% expecting an earnings beat The company’s guidance was for earnings of approximately $0.99 per share. Consensus estimates are for year-over-year earnings growth of 60.32% with revenue increasing by 27.76%. Short interest has increased by 9.6% since the company’s last earnings release while the stock has drifted lower by 1.1% from its open following the earnings release to be 18.4% above its 200 day moving average of $221.46. Overall earnings estimates have been revised higher since the company’s last earnings release. On Monday, April 12, 2021 there was some notable buying of 18,731 contracts of the $270.00 call and 18,431 contracts of the $270.00 put expiring on Friday, June 18, 2021. Option traders are pricing in a 6.6% move on earnings and the stock has averaged a 6.5% move in recent quarters. (CLICK HERE FOR THE CHART!) Pfizer, Inc. $38.65 Pfizer, Inc. (PFE) is confirmed to report earnings at approximately 6:45 AM ET on Tuesday, May 4, 2021. The consensus earnings estimate is $0.79 per share on revenue of $13.64 billion and the Earnings Whisper ® number is $0.85 per share. Investor sentiment going into the company’s earnings release has 77% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 1.25% with revenue increasing by 13.40%. Short interest has decreased by 7.0% since the company’s last earnings release while the stock has drifted higher by 8.1% from its open following the earnings release to be 4.8% above its 200 day moving average of $36.88. Overall earnings estimates have been revised lower since the company’s last earnings release. On Monday, April 26, 2021 there was some notable buying of 21,839 contracts of the $40.00 call expiring on Friday, July 16, 2021. Option traders are pricing in a 4.0% move on earnings and the stock has averaged a 2.7% move in recent quarters. (CLICK HERE FOR THE CHART!) Square, Inc. $244.82 Square, Inc. (SQ) is confirmed to report earnings at approximately 4:00 PM ET on Thursday, May 6, 2021. The consensus earnings estimate is $0.17 per share on revenue of $3.31 billion and the Earnings Whisper ® number is $0.23 per share. Investor sentiment going into the company’s earnings release has 82% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 950.00% with revenue increasing by 139.66%. Short interest has increased by 13.1% since the company’s last earnings release while the stock has drifted higher by 0.7% from its open following the earnings release to be 23.5% above its 200 day moving average of $198.30. Overall earnings estimates have been revised higher since the company’s last earnings release. On Monday, April 26, 2021 there was some notable buying of 3,357 contracts of the $250.00 put expiring on Friday, June 18, 2021. Option traders are pricing in a 8.3% move on earnings and the stock has averaged a 7.6% move in recent quarters. (CLICK HERE FOR THE CHART!) Roku Inc $342.97 Roku Inc (ROKU) is confirmed to report earnings at approximately 4:05 PM ET on Thursday, May 6, 2021. The consensus estimate is for a loss of $0.15 per share on revenue of $490.56 million and the Earnings Whisper ® number is $0.04 per share. Investor sentiment going into the company’s earnings release has 82% expecting an earnings beat The company’s guidance was for revenue of $478.00 million to $493.00 million. Consensus estimates are for year-over-year earnings growth of 66.67% with revenue increasing by 52.93%. The stock has drifted lower by 25.8% from its open following the earnings release to be 20.4% above its 200 day moving average of $284.80. Overall earnings estimates have been revised higher since the company’s last earnings release. On Thursday, April 29, 2021 there was some notable buying of 1,875 contracts of the $400.00 call expiring on Friday, May 7, 2021. Option traders are pricing in a 10.2% move on earnings and the stock has averaged a 8.8% move in recent quarters. (CLICK HERE FOR THE CHART!) Peloton Interactive $98.35 Peloton Interactive (PTON) is confirmed to report earnings at approximately 4:05 PM ET on Thursday, May 6, 2021. The consensus estimate is for a loss of $0.11 per share on revenue of $1.11 billion and the Earnings Whisper ® number is ($0.03) per share. Investor sentiment going into the company’s earnings release has 74% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 45.00% with revenue increasing by 111.59%. Short interest has increased by 41.3% since the company’s last earnings release while the stock has drifted lower by 34.0% from its open following the earnings release to be 11.3% below its 200 day moving average of $110.87. Overall earnings estimates have been revised lower since the company’s last earnings release. On Friday, April 16, 2021 there was some notable buying of 4,629 contracts of the $145.00 call expiring on Friday, June 18, 2021. Option traders are pricing in a 10.4% move on earnings and the stock has averaged a 7.7% move in recent quarters. (CLICK HERE FOR THE CHART!) General Motors Corp. $57.22 General Motors Corp. (GM) is confirmed to report earnings at approximately 7:30 AM ET on Wednesday, May 5, 2021. The consensus earnings estimate is $1.01 per share on revenue of $32.67 billion and the Earnings Whisper ® number is $1.35 per share. Investor sentiment going into the company’s earnings release has 67% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 62.90% with revenue decreasing by 0.12%. Short interest has increased by 11.7% since the company’s last earnings release while the stock has drifted higher by 2.9% from its open following the earnings release to be 35.2% above its 200 day moving average of $42.33. Overall earnings estimates have been revised lower since the company’s last earnings release. On Wednesday, April 21, 2021 there was some notable buying of 14,871 contracts of the $63.00 call expiring on Friday, May 21, 2021. Option traders are pricing in a 5.8% move on earnings and the stock has averaged a 3.1% move in recent quarters. (CLICK HERE FOR THE CHART!) DraftKings Inc. $56.66 DraftKings Inc. (DKNG) is confirmed to report earnings at approximately 7:00 AM ET on Friday, May 7, 2021. The consensus estimate is for a loss of $0.41 per share on revenue of $230.08 million and the Earnings Whisper ® number is ($0.44) per share. Investor sentiment going into the company’s earnings release has 76% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 2,150.00% with revenue increasing by ∞. Short interest has increased by 51.7% since the company’s last earnings release while the stock has drifted lower by 5.6% from its open following the earnings release to be 12.5% above its 200 day moving average of $50.37. Overall earnings estimates have been revised lower since the company’s last earnings release. On Thursday, April 15, 2021 there was some notable buying of 10,709 contracts of the $65.00 call expiring on Friday, May 7, 2021. Option traders are pricing in a 8.8% move on earnings and the stock has averaged a 7.9% move in recent quarters. (CLICK HERE FOR THE CHART!) Moderna, Inc., $178.82 Moderna, Inc., (MRNA) is confirmed to report earnings at approximately 7:00 AM ET on Thursday, May 6, 2021. The consensus earnings estimate is $2.04 per share on revenue of $2.19 billion. Investor sentiment going into the company’s earnings release has 82% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 682.86% with revenue increasing by 26,005.61%. Short interest has decreased by 19.4% since the company’s last earnings release while the stock has drifted higher by 18.6% from its open following the earnings release to be 60.3% above its 200 day moving average of $111.57. Overall earnings estimates have been revised higher since the company’s last earnings release. On Friday, April 16, 2021 there was some notable buying of 10,955 contracts of the $190.00 call expiring on Friday, July 16, 2021. Option traders are pricing in a 9.2% move on earnings and the stock has averaged a 8.4% move in recent quarters. (CLICK HERE FOR THE CHART!) CVS Health $76.40 CVS Health (CVS) is confirmed to report earnings at approximately 6:30 AM ET on Tuesday, May 4, 2021. The consensus earnings estimate is $1.72 per share on revenue of $68.38 billion and the Earnings Whisper ® number is $1.77 per share. Investor sentiment going into the company’s earnings release has 77% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 9.95% with revenue increasing by 2.43%. Short interest has decreased by 6.0% since the company’s last earnings release while the stock has drifted higher by 1.5% from its open following the earnings release to be 11.5% above its 200 day moving average of $68.50. Overall earnings estimates have been revised lower since the company’s last earnings release. On Wednesday, April 21, 2021 there was some notable buying of 20,584 contracts of the $65.00 call expiring on Friday, May 21, 2021. Option traders are pricing in a 4.0% move on earnings and the stock has averaged a 3.1% move in recent quarters. (CLICK HERE FOR THE CHART!) Corsair Gaming, Inc. $33.18 Corsair Gaming, Inc. (CRSR) is confirmed to report earnings at approximately 7:00 AM ET on Tuesday, May 4, 2021. The consensus earnings estimate is $0.30 per share on revenue of $449.70 million and the Earnings Whisper ® number is $0.38 per share. Investor sentiment going into the company’s earnings release has 71% expecting an earnings beat. Short interest has decreased by 9.4% since the company’s last earnings release while the stock has drifted lower by 29.4% from its open following the earnings release. Overall earnings estimates have been revised higher since the company’s last earnings release. Option traders are pricing in a 17.3% move on earnings and the stock has averaged a 4.6% move in recent quarters. (CLICK HERE FOR THE CHART!) I hope you all have a wonderful Sunday and a great trading week ahead r/StockMarket. submitted by /u/bigbear0083 [link] [comments], , Read More, r/StockMarket – Reddit’s Front Page of the Stock Market, r/StockMarket

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