Pre-Market Earnings Report for April 19, 2023 : ASML, ABT, MS, ELV, USB, NDAQ and more
Today, there are several important reports scheduled for release that could impact the market. While our robots have typically leaned towards market neutrality, they have recently started taking short positions. If I had to choose a robot for this week, I would select the Swing Trader Popular Stocks 4K per position Market Neutral Strategy, which tends to maintain market-neutral positions and has a track record of generating profits in any market condition.
ASML Holding N.V. (ASML)is reporting for the quarter ending March 31, 2023. The capital goods company's consensus earnings per share forecast from the 1 analyst that follows the stock is $4.59. This value represents a 27.86% increase compared to the same quarter last year. In the past year ASML and beat the expectations the other three quarters.
Abbott Laboratories (ABT)is reporting for the quarter ending March 31, 2023. The medical products company's consensus earnings per share forecast from the 9 analysts that follow the stock is $0.98. This value represents a 43.35% decrease compared to the same quarter last year. In the past year ABT has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 14.44%.
Morgan Stanley (MS)is reporting for the quarter ending March 31, 2023. The investment bankers company's consensus earnings per share forecast from the 7 analysts that follow the stock is $1.67. This value represents a 18.93% decrease compared to the same quarter last year. MS missed the consensus earnings per share in the 2nd calendar quarter of 2022 by -7.1%.
Elevance Health, Inc. (ELV)is reporting for the quarter ending March 31, 2023. The medical services company's consensus earnings per share forecast from the 16 analysts that follow the stock is $9.30. This value represents a 12.73% increase compared to the same quarter last year. In the past year ELV has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 0.58%.
U.S. Bancorp (USB)is reporting for the quarter ending March 31, 2023. The bank company's consensus earnings per share forecast from the 10 analysts that follow the stock is $1.13. This value represents a 14.14% increase compared to the same quarter last year. In the past year USB has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 8.11%.
Nasdaq, Inc. (NDAQ) is set to report its earnings for the quarter ending March 31, 2023. The securities exchange company's consensus earnings per share forecast from the 9 analysts that follow the stock is $0.65, which is a 1.52% decrease compared to the same quarter last year. NDAQ missed the consensus earnings per share in the 4th calendar quarter of 2022 by -1.54%.
Citizens Financial Group, Inc. (CFG) is also reporting for the quarter ending March 31, 2023. The savings & loan company's consensus earnings per share forecast from the 8 analysts that follow the stock is $1.11, indicating a 3.74% increase compared to the same quarter last year. CFG missed the consensus earnings per share in the 4th calendar quarter of 2022 by -3.85%.
Synchrony Financial (SYF) is also set to report its earnings for the quarter ending March 31, 2023. The financial services company's consensus earnings per share forecast from the 13 analysts that follow the stock is $1.49, which represents a 13.87% decrease compared to the same quarter last year. However, in the past year, SYF has managed to beat expectations every quarter, with the highest beat being in the 4th calendar quarter, where they surpassed the consensus by 12.5%.
Ally Financial Inc. (ALLY) is reporting for the quarter ending March 31, 2023. The financial services company's consensus earnings per share forecast from the 8 analysts that follow the stock is $0.88, indicating a 56.65% decrease compared to the same quarter last year.
Lastly, Lithia Motors, Inc. (LAD) is reporting for the quarter ending March 31, 2023. The retail company's consensus earnings per share forecast from the 6 analysts that follow the stock is $8.77, which represents a 26.67% decrease compared to the same quarter last year.
MS in downward trend: price may decline as a result of having broken its higher Bollinger Band on September 13, 2023
MS broke above its upper Bollinger Band on September 13, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options. The A.I.dvisor looked at 47 similar instances where the stock broke above the upper band. In of the 47 cases the stock fell afterwards. This puts the odds of success at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 62 cases where MS's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
The Momentum Indicator moved below the 0 level on September 22, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on MS as a result. In of 76 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for MS turned negative on September 22, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 45 similar instances when the indicator turned negative. In of the 45 cases the stock turned lower in the days that followed. This puts the odds of success at .
MS moved below its 50-day moving average on September 20, 2023 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for MS crossed bearishly below the 50-day moving average on August 18, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 18 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
The 50-day moving average for MS moved below the 200-day moving average on September 22, 2023. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where MS declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for MS entered a downward trend on September 06, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where MS's RSI Indicator exited the oversold zone, of 27 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where MS advanced for three days, in of 325 cases, the price rose further within the following month. The odds of a continued upward trend are .
Fundamental Analysis (Ratings)
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 77, placing this stock better than average.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.535) is normal, around the industry mean (4.726). P/E Ratio (14.925) is within average values for comparable stocks, (35.810). Projected Growth (PEG Ratio) (2.566) is also within normal values, averaging (2.348). Dividend Yield (0.037) settles around the average of (0.035) among similar stocks. P/S Ratio (2.824) is also within normal values, averaging (129.930).
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. MS’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
Notable companies
Industry description
Market Cap
High and low price notable news
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a provider of diversified financial services including brokerage, investment management and venture capital services
Industry InvestmentBanksBrokers
MS and
Correlation & Price change
A.I.dvisor indicates that over the last year, MS has been closely correlated with SF. These tickers have moved in lockstep 76% of the time. This A.I.-generated data suggests there is a high statistical probability that if MS jumps, then SF could also see price increases.