The Earnings Beat Goes On: Daily Contrarian, Feb. 9
Good morning contrarians! Stock futures are green for a change, continuing the rally from yesterday. The Nasdaq is leading things, up 0.9% as of 0645. The S&P 500 is up 0.7% with Dow Industrials 0.5% to the good. The Russell 2000 which tracks small caps is up 0.4%.

Bonds are holding steady, with the 2-year yield at 1.32% and the 10-year at 1.92%.

Commodities aren’t doing much either. WTI crude is down about 0.7% to trade around $89/barrel. Gold is unchanged at 1,827/oz. Natural gas is continuing to drop though, down 2% to get closer to the $4 level (currently $4.17).

Cryptos are flat. Bitcoin is down about 1% to trade around $43,500.

In the after market we had good news from Chipotle ($CMG), which has rallied, and bad from LYFT ($LYFT), whose shares have been punished.

CVS Health ($CVS) just reported, beating earnings and revenue estimates. The stock is up 1% in the pre-market.

CME Group ($CME), Fox Corp ($FOXA), GlaxoSmithKline ($GSK), Yum Brands ($YUM) also report before the open at 0930.

The after market should be interesting again. Uber ($UBER) is expected to report at 1600, followed by Sonos ($SONO), Vimeo ($VMEO), and Disney ($DIS). We’ll also get Twilio ($TWLO), Mattel ($MAT), Zynga ($ZNGA), and MGM Resorts ($MGM) after the close.

The Bottom Line
A lot of volatility has left the market this week. Doesn’t mean it won’t return of course, but things are noticeably calmer. Futures being bright green was a cause for concern during the high vol days of last week and the week before, but it’s difficult to see where the catalyst for ‘risk-off’ could come from. Earnings don’t get interesting until after the close.

Yesterday's bottom line told you it was looking like a blah day but to keep an eye out because those days often turn out to be the most interesting. We ended up getting a rally in risk assets, with the Dow, Nasdaq and Russell all adding north of 1%. This may be a good indication the bull market is alive and well (which it is statistically, anyway) as stocks tend to rally for no good reason during bull markets.
Upcoming Earnings Calendar (Feb 7th - 11th)
Hey guys!

A key week is ahead of us! Here's what I'm interested in:

  • $APPS - One of my largest holdings. I'd like an update on the progress of single-tap and the tests they were running with Meta $FB. I'm also interested in seeing how their device footprint is expanding after their latest deals.
  • $DIS - They've invested heavily on Marvel and Star Wars series for Disney+, so let's see if this translates to lower churn and higher growth.
  • $NET - Really interesting stock but the valuation seems too high. Let's see if there's a good opportunity to enter post-earnings.

Good luck!

If you'd like an easier way to track earnings dates, you can automatically sync your portfolio's earning dates to your personal calendar with just a couple of clicks here.





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Upcoming Earnings Calendar! (Nov 15th-19th)
Earnings season is slowly coming to a close, but there are still several highly interesting events coming up. Here's next week's earnings calendar and what I'll for looking forward to.

  • $SE: insights on their global e-commerce expansion.
  • $NVDA: comments on their product availability and supply.
  • $WMT: Update on their Walmart+ membership and comments on inflation/labor shortage/supply chain issues.
  • $DLO although this stock is too richly valued for me, I like their business and I'm following it in case there's a good buying opportunity post-earnings.

Comment below which earnings report you are looking forward to the most!

Friendly reminder: you can automatically sync your portfolio's earning dates to your personal calendar with just a couple of clicks here.

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Eric Pelnik's avatar
$266.5m follower assets
Earnings this week
📞Which calls are you most excited about?

Monday, August 9th
$API Agora
$APPF AppFolio
$ETH Ethan Allen Interiors
$GBDC Golub Capital
$COMP Compass
$CHGG Chegg
$ELY Callaway Golf
$TTD Trade Desk
$DOYU Douyu International
$TSN Tyson Foods
$WKHS Workhorse Group
$REAL The Real Real
$SQSP Squarespace
$MILE Metromile
$SDC Smile Direct Club
$AMC AMC Entertainment

Tuesday, August 10th
$MCFE McAfee
$DOCS Doximity
$U Unity Software
$PUBM PubMatic

Wednesday, August 11th
$APP Applovin
$BMBL Bumble
$OBLG Oblong
$HIMS Hims & Hers
$VRM Vroom
$MTTR Matterport
$MQ Marqeta
$OPEN Opendoor
$SONO Sonos
$WKME WalkMe

Thursday, August 12th
$ABNB Airbnb
$BIDU Baidu
$DIS Walt Disney
$DASH DoorDash
$FIGS Figs
$ZIP Ziprecruiter
$LTCH Latch
$PLTR Palantir

Friday, August 13th
None of interest

Sources: Business Insider, Google Finance, Yahoo Finance
Eric Pelnik's avatar
$266.5m follower assets
Earnings this week
📞Which calls are you most excited for?

Monday, May 10th**
$AFRM Affirm Holdings
$APPF AppFolio
$DUK Duke Energy
$TTD Trade Desk
$VOYA Voya Financial
$SPCE Virgin Galactic
$REAL The RealReal
$VCYT Veracyte
$MAR Marriot
$SDC Smile Direct Club
$WYNN Wynn Resorts

Tuesday, May 11th
$EA Electronic Arts
$ARMK Aramark
$COKE Coca-Cola
$FUBO Fubotv
$U Unity Software

Wednesday, May 12th
$AMAT Applied Materials
$JACK Jack in the Box
$DT Dynatrace
$VRM Vroom
$LMND Lemonade
$SONO Sonos

Thursday, May 13th
$ACB Aurora Cannabis
$BABA Alibaba Group
$ABNB Airbnb
$DIS Walt Disney
$DASH DoorDash
$FTCH Farfetch
$GDRX Goodrx
$PUBM PubMatic
$NEWR New Relic
$COIN Coinbase

Friday, May 14th
None of interest

Sources: Business Insider, Google Finance, and Yahoo Finance
Eric Pelnik's avatar
$266.5m follower assets
Earnings this week
Which calls are you most excited about?

Monday, February 8th
$SFTBY Softbank
$TTWO Take Two
$HAS Hasbro
$CHGG Chegg

Tuesday, February 9th
$CSCO Cisco
$FISV Fiserv
$TWTR Twitter
$AKAM Akamai
$LYFT Lyft
$CGC Canopy Growth Corp
$AYX Alteryx

Wednesday, February 10th
$KO Coca-Cola
$TM Toyota Motor
$UBER Uber
$GM General Motor
$EQIX Equinix
$ZG Zillow Group
$EFX Equifax
$MGM MGM Resorts
$ZYNGA Zynga
$XPO XPO Logistics
$UA Under Armour
$SONO Sonos

Thursday, February 11th
$DIS Disney
$PEP PepsiCo
$KHC Kraft Heinz
$NET Cloudflare
$TSN Tyson Foods
$VRSN VeriSign
$EXPE Expedia
$K Kellogg
$HUBS HubSpot
$GDDY GoDaddy
$TAP Coors Brewing
$MHK Mohawk Industries
$DDOG Datadog

Friday, February 12th
$D Dominion Energy

Sources: Business Insider, Google Finance, and Yahoo finance
Eric Pelnik's avatar
$266.5m follower assets
Earnings this week
Monday, Nov 16th
$VOD Vodafone Group
$PANW Palo Alto Networks
$TSN Tyson Foods
$SDC SmileDirectClub
$BIDU Baidu
Tuesday, Nov 17th
$WMT Walmart
$HD Home Depot
$KSS Kohl's
$SE Sea
$NIO Nio
Wednesday, Nov 18th
$NVDA Nvidia
$LOW Lowe's
$TGT Target
$CLX Clorox
$CPB Campbell Soup
$SONO Sonos
Thursday, Nov 19th
$INTU Intuit
$WDAY Workday
$WSM Williams-Sonoma
$M Macy's

Friday, Nov 20th
$FL Foot Locker

Sources: Business Insider, Yahoo Finance!, and Google Finance
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