Most Anticipated Earnings of Q1 2023
This week is shaping up to be one of the busiest in the current quarter, with a series of significant events taking place. On Wednesday, the Federal Reserve will make its much-anticipated interest rate announcement, with the announcement scheduled for 2 PM ET, followed by a press conference with Fed Chairman Jerome Powell at 2:30 PM ET.
In addition to the Fed's announcement, Thursday will see a large number of major companies releasing their earnings reports. Approximately 30% of the companies in the NASDAQ 100, represented by the ETF $QQQ, and around 14% of the companies in the S&P 500, represented by the ETF $SPY, will be reporting after the close on Thursday.
Investors and traders alike will be closely monitoring these announcements for any insights into the health of the broader economy and to see how individual companies are faring. With so many important events taking place this week, it is sure to be a busy and potentially volatile time in the markets. As always, it is essential to stay informed and to have a well-thought-out investment strategy in place in order to navigate these uncertain times.
As you prepare to trade this week, consider taking a closer look at the charts and technical analysis for the companies reporting their earnings. Our predictive model, “MARINA,” can help you gain a clearer understanding of how a stock has been performing in the recent past and where it might be headed in the near-term. By combining this technical analysis with a review of the company's financials and any recent news or developments, you can make more informed decisions about whether to buy, hold, or sell a stock.
Keep in mind that past performance is not a guarantee of future results, and that it is always important to manage your risk and to not put all your eggs in one basket. With a well-diversified portfolio and a solid understanding of the market and individual stocks, you can increase your chances of success and weather any bumps along the way.
According to the analysis, the following stocks have a positive outlook:
Alliance Resource Partners (ARLP): Predicted to reach $48 by March 3, 2025.
Canon (CAJ): Predicted to reach $43 by July 1, 2025.
UPS ($UPS): Predicted to reach $203 by December 4, 2023.
Advanced Micro Devices ($AMD): Predicted to reach $122 by December 4, 2023.
A few additional big names include Apple, Amazon, Google and Meta. Please see below for their details.