US Markets

ASML Holdings

Posted on July 15, 2024 | by Leon Hinde | Leave a Comment

{ASML.NAS} is forecasting flat YoY revenue for FY2024, after facing headwinds from China due to export restrictions. Q2 earnings will be released on Wednesday, July 17th.

Amazon

Posted on July 15, 2024 | by Leon Hinde | Leave a Comment

In Q124, Amazon’s revenue reached $143.3 billion, a 13% YoY increase. The market is forecasting 8 – 11% average revenue growth for the full year.

Amazon is up 50.6% since being added to our US model portfolio.

US Earnings

Posted on July 15, 2024 | by Leon Hinde | Leave a Comment

Monday, July 15 – Goldman Sachs and BlackRock.

Tuesday, July 16 – UnitedHealth, Bank of America, Progressive, Morgan Stanley, PNC Financial, and J.B. Hunt Transport.

Wednesday, July 17 – Johnson & Johnson, U.S. Bancorp, Kinder Morgan, United Airlines, and Ally Financial.

Thursday, July 18 – Netflix, Abbott Laboratories, Blackstone, Domino’s Pizza, and Taiwan Semiconductor Manufacturing.

Friday, July 19 – American Express, Halliburton, and Traveler.

Week 1

Thursday, July 11 – Delta Air Lines, PepsiCo, and Conagra Brands.

Friday, July 12 – Citigroup, JPMorgan Chase, Bank of New York Mellon, and Wells Fargo.

Intel

Posted on July 10, 2024 | by Leon Hinde | Leave a Comment

INTC:NAS has rallied following the breakout above the $31 resistance. Several analysts have upgraded their price targets, and commentary has generally turned bullish. The trailing stop loss should be lifted to $32.50.

Micron is up 134%

Posted on July 8, 2024 | by Leon Hinde | Leave a Comment

MU:NAS was added to our model portfolio in March 2023 at $56 and is now up 134%. We recommend watching for the next Algo Engine buy signal.

Micron reported 50% sequential data center revenue growth in Q3, driven by AI demand. The company is well-positioned to benefit from the CHIPS Act and plans to expand its manufacturing.