5 Stocks to Buy Ahead of Q2 Earnings Results Next Week

 

The second-quarter 2022 earnings season is at its early stage and the results are mixed so far. The importation thing is that, as of now, earnings results have not revealed anything that can be considered as an indication of an imminent recession.  However, market participants will keenly watch this earnings season as it will provide the most descriptive view of the U.S. corporate health amid record-high inflation and an extremely hawkish Fed.

Next week will be the first big one of this reporting cycle as 892 companies are slated to declare quarterly numbers. We have selected five of them with a favorable Zacks Rank that are poised to beat earnings estimates. These companies are — EQT Corp. EQT, Medpace Holdings Inc. MEDP, Crane Holdings Co. CR, Zions Bancorporation National Association ZION and Hess Corp. HES.  

Q2 At a Glance

Like the first quarter, the second quarter of 2022 also remained tough for the U.S. economy. Various measures of inflation remained elevated at a 41-year high. The Fed hiked the benchmark interest rate by 1.25% to the range of 1.5% to 1.75% at the end of the second quarter from 0.25% to 0.50% at the end of the first quarter. Moreover, the central bank has started reducing the size of its $9 trillion balance sheet systematically from June.

Despite these aggressive monetary policies adopted by the Fed, inflation is showing no sign of declining. The latest measure of inflation showed that the consumer price index jumped 9.1% year over year in June, marking the highest monthly rise since November 1981.

The complete devastation of the global supply-chain system and shortage of labor continued to put pressure on businesses in the form of higher input costs and wages. The lingering war between Russia and Ukraine and lockdown in China due to the resurgence of COVID-19 infections were the major hindrances to the restoration of the global supply-chain system.

Q2 Earnings Results So Far

As of Jul 20, 60 companies within the S&P 500 Index reported their financial numbers. Total earnings of these companies are down 11% year over year on 6.6% higher revenues, with 73.3% beating EPS estimates and 63.3% beating revenue estimates. Our latest projection is that for the second quarter as a whole, total earnings of the S&P 500 Index will rise 3.1% year over year on 9.6% higher revenues.

Our Top Picks

Five companies will report second-quarter 2022 earnings results next week. Each of these stocks carries either a Zacks Rank #1 (Strong Buy) or 2 (Buy) and has a positive Earnings ESP. You can see the complete list of today’s Zacks #1 Rank stocks here.

Our research shows that for stocks with the combination of a Zacks Rank #3 (Hold) or better and a positive Earnings ESP, the chance of an earnings beat is as high as 70%. These stocks are anticipated to appreciate after their earnings releases. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

The chart below shows the price performance of our five picks in the last quarter.

 

Read More

Market Movers Friday - $GME $TWTR $SNAP and More

 Stock future were wavering Friday and the tech sector was weaker as investors remained focused on corporate earnings against a backdrop of ongoing concerns around inflation and the risk of recession.

Here are some stocks moving in premarket trading Friday.

Snap SNAP +5.42%  (ticker: SNAP) shares dropped 29.5% premarket trading after reporting slower revenue growth. Other social media stocks, such as Meta Platforms META +0.04%  (META), and Alphabet GOOGL +0.39%   (GOOGL), the parent of Google, declined.

Twitter TWTR –0.20%  (TWTR) was down 2.5% ahead of its earnings report and after Snap reported slower growth.GameStop GME –12.10%  (GME) begins trading Friday following its 4-for-1 stock split. The shares were rising 2.6% to $39.35.

Seagate Technology (STX), the disk-drive company, dropped 11.6% after its fiscal fourth-quarter earnings and sales missed Wall Street expectations, and offered weak guidance for the current quarter.

American Express (AXP) raised its revenue forecast for the full year as spending on its network soared. The stock gained 4.4%.

Schlumberger (SLB) raised its full-year sales forecast amid steady growth in exploration for oil and gas. The stock rose 2%.

Boston Beer (SAM) cut earnings guidance for the full year because of reduced demand for hard seltzer and the stock dropped 8.8%.

Mattel (MAT) shares fell 1.4% after the toy maker posted a quarterly profit that beat analysts’ expectations but margins declined because of inflation and supply-chain costs.

Intuitive Surgical (ISRG) fell 12% early Friday after second-quarter earnings and revenue missed analysts’ estimates.

Read More

Facebook is rolling out an update that enables its 2 billion daily users $META

 

The new feature is the company’s latest attempt to keep people coming back to its social network amid intensifying competition with its trendier rival TikTok.

After clicking on the Feed tab, users will be able to toggle over to a chronological presentation of their Facebook favorites, Facebook groups they have joined or feeds consisting exclusively of posts from all their Facebook friends in the order they were shared.

The new option is designed to address complaints from users who believe they have been missing interesting posts because Facebook’s algorithm fed misinformation or politically polarizing posts and omitted friends from their feeds.

Amazon to buy primary care provider One Medical for $3.9B

Amazon will acquire the primary care organization One Medical in a deal valued roughly at $3.9 billion, marking another expansion for the retailer into health care services.

The Seattle-based e-commerce giant said Thursday it’s buying One Medical for $18 per share. It’s one of Amazon’s biggest acquisitions, following its $13.7 billion deal to buy Whole Foods in 2017 and its $8.5 billion purchase of Hollywood studio MGM, which closed earlier this year.

One Medical, whose parent company is the San-Francisco based 1Life Healthcare Inc., is a membership-based service that offers virtual care as well as in-person visits. It also works with more than 8,000 companies to provide its health benefits to employees.

As of March, One Medical had about 767,000 members and 188 medical offices in 25 markets, according to its first-quarter earnings report.

Read More

Nasdaq Leads Again as Tesla Stock Pops $TSLA $AAL $UAL $T

Investors sifted through a busy news cycle on Thursday and decided they liked what they saw, with stocks ending higher for a third straight day.

Things got started early this morning on word that the European Central Bank (ECB) lifted interest rates by a higher-than-expected 50 basis points (a basis point is one-one hundredth of a percentage point). The rate hike marks the first for the ECB in 11 years, and comes as the central bank attempts to battle sizzling inflation and slowing economic growth across the eurozone.

• European Dividend Aristocrats: 40 Top International Dividend Stocks

Back at home, the earnings calendar remained in focus, with the latest quarterly results from Tesla (TSLA) garnering notable attention. The maker of electric vehicles reported second-quarter earnings that beat analysts' consensus estimate, though they fell short on revenue. 

"The company was clearly profitable this quarter," says Wes Gottesman, market advisor at Web3 trading platform TradeZing. "However relative to other quarters, the automotive revenue was down to $14.6 billion, as compared to the previous quarter's $16.9 billion. The culprit clearly being the shutdowns in Shanghai, and cutbacks in production/deliveries. That was the issue for this quarter, at no fault of their own. Their gross margins are at 25%, which means they have significant pricing power, while increasing production. Tesla also has a strong solar energy component which will continue to prosper as the world transitions to solar energy."

In addition, TSLA sold roughly three-quarters of its Bitcoin purchases in Q2. The move was made to "maximize" the company's cash position, CEO Elon Musk said in the earnings call. He added that Tesla is "open to increasing" its Bitcoin holdings in the future, and that "this should not be taken as some verdict" on the cryptocurrency. TSLA did not sell any of its Dogecoin, according to Musk.

Still, Bitcoin fell 2.0% to 23,197 on that news (Bitcoin markets don't close; price taken at 4 p.m. ET.), while TSLA shares soared 9.8%. Tesla's rally helped the broader stock market brush off news that President Joe Biden tested positive for COVID-19, with the Nasdaq Composite gaining 1.4% to 12,059. The S&P 500 Index rose 1.0% to 3,998, while the Dow ended up 0.5% at 32,036.

YCharts

Other news in the stock market today:

• The small-cap Russell 2000 added 0.5% to 1,836.
• U.S. crude futures shed 3.5% to settle at $96.35 per barrel.
• Gold futures rose 0.8% to end at $1,713.40 an ounce.
• AT&T (T) plunged 7.6% after the telecom firm lowered its full-year free cash flow guidance to $14 billion from $16 billion, "to reflect heavy investment in growth and working capital impacts related to timing of collections," the company said in its press release. This overshadowed T's higher-than-expected adjusted earnings of 65 cents per share and revenue of $29.6 billion in the second quarter.
• Travel stocks struggled today following negative earnings reactions for American Airlines (AAL, -7.4%) and United Airlines (UAL, -10.2%). While AAL posted its in-line earnings per share of 76 cents on higher-than-expected revenue of $13.42 billion, it cut third-quarter capacity, now expecting to fly 8%-10% below what it did in Q3 2019. And UAL recorded a slimmer-than-anticipated second-quarter loss of $1.43 per share, but revenue of $12.11 billion fell short of the cosensus estimate. 
• Data from the Labor Department showed jobless claims rose 7,000 on a weekly basis to 251,000 – the most since last November. Still, this did little to move markets today. "With earnings season in full swing and the ECB announcing its first-rate hike in more than a decade, the slight tick up in jobless claims may take a backseat in investors' minds," says Mike Loewengart, managing director of investment strategy at E*Trade. "But with jobless claims on an upward trend over the last month, some may question if the labor market will start to factor in more to the Fed's plan as it works aggressively to tame inflation."

 

Read More

$NUGN #BullishNews - The Company will be providing refurbishment consultancy, bank refinancing and long-term strategy services for the property.

 

About Livento Group

Livento Group is a US-based company focused on disruptive business models. Livento is a dynamic organization looking for businesses that can deliver value and strong growth. Founded five years ago, we are in continuous development of our own AI & machine learning portfolio system, and the start of the BOXO movie production brand.

Acquisition and merger with NuGene International Inc. delivered the opportunity to boost the value of our business and expand it on a global scale. Our ultimate target is to be listed on major world exchanges so large investors across the globe can participate in our projects.

Livento Group - Always a step ahead

For Investors

At Livento, we employ and partner with financial professionals in the USA and Europe to ensure your assets will be in safe hands and under our experienced management. We will assist you in building an investment portfolio suited to your goals. Livento currently has multiple products for each investor in regards of investment size or risk appetite, don’t hesitate to contact us.  

Livento is an OTC listed company, more information on otcmarkets.com.

Livento has as a target uplisting in the US exchange and long term grow of the company and its assets.  

NUGN - NuGene International, Inc. | Overview | OTC Markets

Our production team has been involved in packaging and producing the following movies:

New York, NY, June 21, 2022 (GLOBE NEWSWIRE) -- NuGene International, Inc./Livento Group LLC (OTC Pink: NUGN) today announced that it signed a strategic consultancy agreement with a hotel in Tenerife, in the Canary Islands. The Company will be providing refurbishment consultancy, bank refinancing and long-term strategy services for the property.

“Tenerife is one of the most exquisite locations in the Canary Islands and draws millions of tourists throughout the year,” said David Štýbr, CEO of Livento Group. “We believe that our real estate team, which will be focused exclusively on this project, can deliver added value for this hotel, modernizing it and providing strategic input. This is expected to result in significant upside for investors.”

Livento also has the exclusive right to sell the hotel or find a strategic partner, whereby the Company will receive 20% of the sales price in exchange for short term property financing in amount of maximum USD 350,000. Additionally, Livento will receive monthly fix fee followed by success fees for bank financing and refurbishment milestones. The total revenue can accumulate to USD 750,000 during next 12 months not counting the fee for sale of the property.

The hotel has great growth potential via further development on its plots. It includes following elements:

139 apartments 8 commercial spaces Parking for43 cars 2x swimming pool Restaurant Reception Gym Disco

Grocery store Diving center 2x bar Miniclub Hairdressing salon Garden Offices 3x lift

About Livento Group LLC

Livento Group (OTC Pink: NUGN) specializes in acquiring and developing companies with disruptive business models. The company is focused on film production, portfolio management and real estate investment. BOXO Productions, its recently launched film and television production subsidiary, is led by top actors and producers in the industry. For more information, visit www.liventogroup.com and www.boxoproductions.com.

Read More

$SOLS Cybersecurity in Orbit: Sollensys Signs ETA Space

 

Eta Space has engaged Sollensys to keep its space infrastructure and cryogenic refueling depots safe from data pirates set on holding civilization's new frontier for ransom; The Space Coast startup's first orbital test platform launches in 2024

PALM BAY, FL / ACCESSWIRE / April 28, 2022 / Sollensys Corp (OTCQB:SOLS), one of the first major cyber security companies specializing in ransomware recovery built on blockchain technology, announced today a new customer deal with Eta Space, the cryogenic propellant management company building service depots in space to advance our space economy infrastructure. The deal lays a path to keep important test data - expected to be in orbit by 2024 - safe from the threat of hacking. The announcement was made by Sollensys CEO Don Beavers and Eta Space CEO Bill Notardonato, a 30- year NASA veteran.

To achieve a fully functioning space economy we not only need to solve for feeding and housing the brave pioneering space workers but safely transporting them as well. The partnership between Eta Space and Sollensys will use the first blockchain-based cybersecurity safety net to thwart the threats of ransomware and data loss in space.

Eta Space has won two major development awards from NASA to advance their work in improving efficiencies in design and operation for cryogenic propellant management systems. One of their premier orbital test platforms is LOXSAT, which is a specialized mission focused on furthering our understanding of how ultra-cold liquids, such as cryogenic oxygen, behave in space and in the absence of gravity.

Sollensys presently deploys its technology to keep on-planet financial, government, medical and other industries safe from ransomware. Rather than starting with penetrable endpoints, Sollensys begins with securing a copy of what the hackers want most to hold hostage and corrupt: organizations' digital intellectual property and operational data. Sollensys exists to ensure companies never pay a ransom and their business can continue swiftly by safeguarding an immutable and uncorrupted copy of their critical data.

"The mission of Sollensys is to create a next generation blockchain cybersecurity company that makes the world - and now space - safer for all of us by creating a

ransomware safety net with our blockchain archive server," said Don Beavers, CEO of Sollensys Corp. "We are honored that ETA Space chose our technology solution to safeguard their mission critical data."

"The future of reliable cybersecurity recovery is happening today in Palm Bay, on the Florida Space Coast," said Bill Notardonato, CEO of Eta Space. "We are grateful to be working with Don Beavers and his team at Sollensys. His talented team of engineers have harnessed the multifaceted capabilities of blockchain technology into an agile cybersecurity solution. While we develop mission hardware to collect novel orbital test data that is essential to the future of space exploration and commercialization, it is imperative to protect that data as well as our intellectual property. Sollensys is making that happen."

About Sollensys

Sollensys Corp is a math, science, technology, and engineering solutions company offering products that ensure its clients' data integrity through collection, storage, and transmission. Our innovative flagship product is the Blockchain Archive Server, a turnkey, off-the-shelf, blockchain solution that works with virtually any hardware and software combinations currently used in commerce, without the need to replace or eliminate any part of the client's data security that is being utilized. The Company recently introduced its second product offering-the Regional Service Center which offers small businesses the same state of the art technology previously available only to large or very well-funded companies.

For more information please visit: https://www.sollensys.com.

About ETA Space

Eta Space was founded in 2019 by former NASA and contractor personnel with over 130 years of combined experience in CFM. The company is looking to leverage this experience to develop in-space propellant depots to enable the next phase of commercial space exploration. Eta Space is also actively developing several other cryogenic energy systems, including LOX/LH2 depots in orbit and on the Moon, lunar mobility systems, cryogenic ground support equipment for launch applications, and hydrogen energy systems for Earth applications.

For more information please visit: https://etaspace.com

SOLS Chart by TradingView

Read More

OTC : $ADHC Forms CBD Joint Venture With Hi-Tunes Distribution To Establish A Vertically Aligned CBD/Hemp Firm

ADHC Forms CBD Joint Venture With Hi-Tunes Distribution To Establish A Vertically Aligned CBD/Hemp Firm

DEL MAR, CA / ACCESSWIRE / April 15, 2019 / American Diversified Holdings Corporation (OTC PINK: ADHC) announced that ADHC has established a joint venture partnership to launch a flagship Cannabis / Music culture retail store in Las Vegas, NV. The Las Vegas store is a twist on CBD/HEMP retail store combined with a performance stage and VIP area that will feature live celebrity guests. The store is set to open in July 2019. More information will follow soon.

ADHC has partnered with Hi-Tunes Distribution, Arlington, Wa. https://www.hi-tunes.com/to provide services to help launch a celebrity line of CBD/Hemp products to be sold at a Las Vegas retail store. Hi-Tunes Distribution is slated to create 40,000 CBD Vape cartridge packages. The packages will be produced to highlight and support musicians. The cartridge packaging will utilize state of the art virtual and augmented reality to distribute new music and videos directly into the hands of the consumer.

https://www.respectmyregion.com/hi-tunes-connecting-music-cannabis/

Additionally,

ADHC has secured various joint venture contracts to convert a high quality CBD/hemp Biomass into vape cartridges to be packaged by Hi-tunes Distribution. All biomass will be sourced directly from Oregon state farms. The biomass will be processed into high grade full spectrum CBD/Hemp Extractd. All products that will grown and produced by licensed ODA (Oregon Department of Agriculture) approved farms and facilities. All CBD/Hemp products shall be grown, processed and produced in accordance with federally established guidelines of the 2018 Farm Bill.

For more information

Contact Liam Riley, COO of ADHC at BloomBergEdelson@gmail.com

This press release contains forward-looking statements pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements include risks and uncertainties that may cause the Company's plans to change and are in no way intended to guarantee that the Company will be successful in executing its plans. Common stock currently trades on the over-the-counter under the symbol ADHC. This press release in no way constitutes any recommendation regarding the securities of ADHC or its affiliates. Any person reading this press release is advised that this release should be considered in the light of all facts and circumstances regarding the business and financial condition and prospects of ADHC, and no reference has been made that this release contains all information.

CONTACT:

ADHCinvestor@gmail.com
Tel: 858-259-4534

SOURCE: American Diversified Holdings Corporation

View source version on accesswire.com:
https://www.accesswire.com/541973/ADHC-Forms-CBD-Joint-Venture-With-Hi-Tunes-Distribution-To-Establish-A-Vertically-Aligned-CBDHemp-Firm

ADHC STOCK CHART  

Most Recent Stories

More News

ADHC Appoints Liam Riley As Chief Operation Officer For All Cannabis OperationsACCESSWIRE - Mon Apr 8, 7:33AM CDT

Mr. Riley's Appointment Is Pivotal As Industry Analyst Project $22 Billion In Revenues By 2022

 ADHC : 0.0034 (unch)

American Diversified Holdings Corporation Issues Updates On Brazos Biomedical, LLC AcquisitionPR Newswire - Tue May 8, 8:28AM CDT

American Diversified Holdings Corporation (OTC: ADHC) announced today that it has met with the management team of Brazos Biomedical llc and has received all relevant due diligence information required...

 ADHC : 0.0034 (unch)

American Diversified Holdings Corporation Issues Updates On Brazos Biomedical, LLC AcquisitionPR Newswire - Tue May 8, 8:28AM CDT

DEL MAR, Calif. , May 8, 2018 /PRNewswire/ -- American Diversified Holdings Corporation (OTC: ADHC) announced today that it has met with the management team of Brazos Biomedical llc and has received...

 ADHC : 0.0034 (unch)

American Diversified Holdings Corporation (ADHC) Contracts with Chinese Based Medical Products Manufacturer to Develop TENS Migraine Treatment ApparatusPR Newswire - Thu May 3, 8:30AM CDT

DEL MAR, Calif. , May 3, 2018 /PRNewswire/ -- American Diversified Holdings Corporation (OTC: ADHC) announced today that is has entered into a design, manufacturing and private labeling relationship...

 ADHC : 0.0034 (unch)

American Diversified Holdings Corporation (ADHC) Contracts with Chinese Based Medical Products Manufacturer to Develop TENS Migraine Treatment ApparatusPR Newswire - Thu May 3, 8:30AM CDT

American Diversified Holdings Corporation (OTC: ADHC) announced today that is has entered into a design, manufacturing and private labeling relationship with mainland China based medical products company...

 ADHC : 0.0034 (unch)

Read More