US Earnings

Posted on | by Leon Hinde | Leave a Comment on US Earnings

Stronger-than-expected results from Meta, Microsoft and Alphabet last week helped investor sentiment. It was interesting to see Amazon warning over lackluster growth in its cloud-computing business.

This week we look to key earnings calls by Apple, AMD and Qualcomm to shape overall price action.

With average S&P500 EPS tracking at $52+ for the quarter, there is no immediate risk, and our fair valuation range of 4200 for the S&P500 index looks about right.

Trade Table: US S&P100

Posted on | by Leon Hinde

Our US S&P100 Trade Table is up 9.1% year-to-date and Eli Lilly is among the best performers after being closed out for an 18.8% gain, over 48 days. The highlighted OHLC bars show the entry and exit points.

To enquire about our automated execution of the Trade Table signals, please call 1300 614 002.

Skyworks

Posted on | by Leon Hinde | Leave a Comment on Skyworks
Skyworks has recently shifted to Algo Engine buy conditions. Second quarter 2023 earnings will be released on 8 May.

Skyworks Q1 FY23 Results

  • Delivers Revenue of $1.329 Billion
  • Posts GAAP Diluted EPS of $1.93 and Non-GAAP Diluted EPS of $2.59
  • Generates Record Quarterly Operating Cash Flow of $773.4 Million
  • Returns $265.6 Million to Stockholders Through Dividends and Share Repurchases

Raytheon

Posted on | by Leon Hinde

Raytheon Technologies Corporation Common remains our preferred overweight exposure heading into first-quarter results. RTX reports on April 25, 2023.

January 24, 2023: Raytheon Technologies reported fourth-quarter sales of $18.1 billion, up 6 percent over the prior year. GAAP EPS from continuing operations of $0.96 was up 109 percent versus the prior year and included $0.31 of acquisition accounting adjustments and net significant and/or non-recurring charges. Adjusted EPS of $1.27 was up 18 percent versus the prior year. Both GAAP and Adjusted EPS included about 6 cents of a tax benefit associated with legal entity and operational reorganizations.
The company recorded net income from continuing operations attributable to common shareowners in the fourth quarter of $1.4 billion, up 108 percent versus the prior year which included $446 million of acquisition accounting adjustments and net significant and/or non-recurring charges. Adjusted net income was $1.9 billion, up 16 percent versus prior year. Operating cash flow from continuing operations in the fourth quarter was $4.6 billion. Capital expenditures were $855 million, resulting in free cash flow of $3.8 billion