Hi Folks,
I thought I’d try something new out for the community tonight. Hopefully this can be a repeating piece that I’ll try and put together every week (time permitting) highlighting some of the milestone for the week ahead. So without further ado let’s get rollin’ rollin’ rollin’
Virgin Galatic $SPCE
With no new flights until 2022 how much are they spending and what on? This will be a question on everyone lips. The delay to the flight program is not due to a manufacturing defect, Virgin assures us, so will there be any guidance on the refurbishment and upgrades program?
Q3 Report due after close on Monday 8th
Paypal
The market didn’t like the loosely floated plan to buy Pintrest sending the stock down and then back up a bit once they announced they weren’t pursuing the deal. Paypal has come a long way since it was spun out of eBay at $37 a share leaving its old parent in the dust. However trading up just 10% for the last 12 months it has most analysts expecting the stock back in the $300 range - will the Q3 earnings be the catalyst.
Q3 Report due after close on Monday 8th
Lemonade $LMND
I am a holder of Lemonade stock
Its been a rollercoaster ride over the last few months trading with the stock off over -60% from the all time high in January. The insure tech company recently tiptoed into the car insurance market after only tackling renters and pet insurance previously. Lemonade have the right story and brand in place but the need to start back this up with the numbers if they want to get anywhere near the January highs.
Q3 Report due after close on Monday 8th
Roblox $RBLX
After recording 46% year over year growth for daily active users in Q2 and coining in $15.41 per user this is going to be the yard stick the markets measure Q3 against. Of the 9 analysts who cover this stock 7 have buy or strong buy with upsides ranging from $80 - $103.
Q3 Report due after close on Monday 8th
Palantir
The big data brainchild of Peter Thiel and darling of a sub reddit that cannot be named reports Q3 earning before the markets open on Tuesday.
Getting a HOLD with average price of $24.83 the analysts aren’t expecting anything crazy this week. That said it has beaten expectations on all 4 of its earnings reports as a private company and has is on track to hit its targets to increase revenue from $1.5bn to $4bn by 2024.
Q3 Report due after before the bell on Tuesday 9th
Coinbase $COIN
As goes Bitcoin, Coinbase goes, well, that’s the theory at least. Coinbase are doing all they can to remove this link offering more coins and other complimentary add ons. Coming of the back of a volatile quarter in the crypto markets but with prices remaining high it’ll be interesting to see if Coin base is a good boi or in the dog house
Q3 Report due after before the bell on Tuesday 9th
Nio $NIO
Chinese EV maker NIO are reporting Q3 number on Tuesday evening. Across the board this is received a very strong buy rating with the lowest analyst giving it a price target of $110 or 250% at the current close price. The head winds for NIO are same for all EV makers and anyone building tech hardware at the moment chips.
Q3 Report due after before the bell on Tuesday 9th
Sofi $SOFI
I hold some Sofi stock
Positive noises keep coming out of this recently de-spac’d fintech. Getting a HOLD rating with not a lot of upside expected seems at odds with all the companies movements. Securing a banking licence is a big step in access cheaper fund and more people. Student loan refinancing which is a big revenue earner for Sofi should pick up with the pandemic measures removed by the US government.
Q3 Report due after before the bell on Tuesday 9th
Walt Disney Co $DIS
Everyone favourite mouse has his turn in the spotlight with final results due for the media monolith on Wednesday. Widly expected to beat expectations as it has over the previous 4 quarters these results will all be about growth to the streaming service Disney +. You can watch the earnings call at 21:30 on the Disney website
British Stocks
Marks and Spencer £MKS
Lets get the big news out of the way first … the M&S Christmas Advert has been released and if your a fan of adverting replacing genuine tradition you don’t need me to tell you its stars Dawn French as a fairy and pig voiced by Spiderman.
The good feeling seems to be back in M&S with no analysts recommended a SELL for the first time in years. Earnings are expected to surpass the pre pandemic numbers by a long way - is there life in this one yet?
AB Foods £ABF
If you don’t know who Associated British Foods are you’d be forgiven, they own Primark, if you want to read more about them check to this article from a nameless :freetrade: scribe. They own a range of other name brands but seem to have had a torrid 8 years trading sideways - this would be fine if their dividend yield ever broke 3%.
Persimmion £PSN & Taylor Wimpey £TW
Both reporting quarterly updates with many watching like hawks to see if the demand for new homes continues. The Stamp duty holiday formally ended in September but with homes being sold 6+ off plan this hasn’t been as much use to the home builders recently. The risk of the Bank of England raising interest rates and thus higher mortgage payments is the biggest worry facing the two of biggest builders but the rising cost of materials can’t be ignored.
Well that’s all for now folks from your friendly dinosaur and remember often the best trade is no trade at all.