Interesting stocks reporting quarterly earnings in April 2023

As quarterly earnings season kicks off in April, several well-known companies have seen their stock prices nearing 50-day lows, potentially signaling a buying opportunity for investors. This article highlights notable stocks across various sectors and countries, along with their earnings release dates. You are invited to continue doing your own research on this interesting list of stocks.

Stocks poised for bounce?

1. Healthcare Giants Bouncing Back. Several healthcare companies have experienced declines in their stock prices but are now showing signs of recovery. Keep an eye on:

• Novartis AG (NVS): 20.36% above its 50-day low, reporting earnings on April 25th.
• Eli Lilly and Company (LLY): 19.11% above its 50-day low, reporting earnings on April 27th.
• AstraZeneca PLC (AZN): 15.72% above its 50-day low, reporting earnings on April 27th.
• UnitedHealth Group Incorporated (UNH): 12.07% above its 50-day low, reporting earnings on April 14th.
• Merck & Co., Inc. (MRK): 10.40% above its 50-day low, reporting earnings on April 27th.
• Johnson & Johnson (JNJ): 10.02% above its 50-day low, reporting earnings on April 18th.

2. Defensive Consumer Plays Showing Strength.
   Consumer defensive stocks have shown resilience in recent weeks, presenting potential opportunities for investors:

• The Procter & Gamble Company (PG): 12.07% above its 50-day low, reporting earnings on April 21st.
• PepsiCo, Inc. (PEP): 10.36% above its 50-day low, reporting earnings on April 25th.
• The Coca-Cola Company (KO): 7.66% above its 50-day low, reporting earnings on April 24th.

3. Consumer Cyclical and Energy Picks.
   Prominent names in the consumer cyclical and energy sectors have also demonstrated potential:

• McDonald’s Corporation (MCD): 8.72% above its 50-day low, reporting earnings on April 25th.
• Exxon Mobil Corporation (XOM): 17.37% above its 50-day low, reporting earnings on April 28th.

4. Financial Sector: Banks Ready for a Rebound?
   Two major US banks are also experiencing upward momentum ahead of their earnings release:

• Bank of America Corporation (BAC): 5.78% above its 50-day low, reporting earnings on April 18th.
• JPMorgan Chase & Co. (JPM): 3.54% above its 50-day low, reporting earnings on April 14th.

5. Technology: European Innovator on the Rise?

• ASML Holding N.V. (ASML): 11.40% above its 50-day low, reporting earnings on April 19th.

As these companies report their quarterly earnings in April, investors should keep a close eye on their performance and consider the potential upside in their stock prices. Although past performance is not a guarantee of future results, these stocks‘ proximity to their 50-day lows may indicate potential for growth in the coming weeks.

Invest in stocks at your own risk and do your own research as some of the above may be ready for a rally upon their upcoming earnings. Visit ForexLive.com for additional views.

This article was written by Itai Levitan at www.forexlive.com.

It’s quiet on trading floors around the world with Europe closed and the Americas on holiday.

Have a look at the economic calendar to see what’s in store next week.

This article was written by Adam Button at www.forexlive.com.

It seems not long ago the earnings season ended, but it’s back again with the latest earnings rotation starting next Friday when JPMorgan, Wells Fargo, Citibank and PNC announce their earnings. The financials traditionally start the season and with the recent banking concerns, the market will be interested in how the top tier banks view the landscape, along with one of the top regional banks (in PNC).

This week, JPMorgans Dimon was in the headlines saying that the banking crisis raised the odds of a recession, and that the crisis is not over yet. He also added:

• Banking system is strong and sound
• We are seeing people reduce lending a little bit, cut back a little bit, and pull back a little bit

Looking ahead to the week starting April 17 (subject to change):

Monday April 17

• State Street Bank

Tuesday, April 18

• Goldman Sachs
• BNY Mellon
• Bank of America

Wednesday, April 19

• Morgan Stanley
• bancorp
• Zions Bancorporation
• Citizens

Thursday, April 20

• Huntington
• Comerica
• KeyBank
• Truist

The small regional banks will likely be more of interest to the markets.

Looking to the week of April 24 (again subject to change), that week will be filled with earnings from the big cap tech companies (amongst others):

Monday, April 24

• Coca-Cola
• Kimberly-Clark

Tuesday, April 25

• Alphabet
• PepsiCo
• Verizon
• UPS
• Raytheon
• Lockheed Martin
• GE
• 3M
• GM
• Chipotle
• Dow
• Snap
• Whirlpool

Wednesday, April 26

• Meta Platforms
• Visa
• AT&T
• Qualcomm
• Boeing
• ServiceNow
• General Dynamics
• Hilton Worldwide

Thursday, April 27

• Apple
• Microsoft
• Amazon
• Merck
• Bristol-Myers Squibb
• Intel
• Caterpillar

This article was written by Greg Michalowski at www.forexlive.com.

It’s a holiday-shortened day today and the reaction to non-farm payrolls was that good news is good news. S&P 500 futures closed early for the Good Friday holiday and finished up 9.5 points to 4141.

This article was written by Adam Button at www.forexlive.com.

The details of the US jobs report were strong but the dollar has been unable to hold onto gains. Jobs were strong in the household survey but the establishment survey was pushed up by strong government hiring or would have missed estimates.

The numbers all landed in a holiday-thinned market and and that could be a factor as well.

In any case, the US dollar rallied broadly on the headline but has now given most of it back.

This article was written by Adam Button at www.forexlive.com.