Here's your weekly Investing Action Plan: what you need to know as an investor for the coming week. <\/p>\n
For investors in aerospace and bank stocks like Boeing (BA), Lockheed Martin (LMT), JPMorgan Chase (JPM) and Bank of America (BAC), the coming week will feature the the Super Bowl for those respective industries. The aerospace sector will have the Paris Air Show, and the bank sector will have the first part of the stress test results. Meanwhile, a top emerging-market index will decide whether to include mainland Chinese stocks, and the tech sector will get earnings reports from Oracle (ORCL), Adobe Systems (ADBE) and Red Hat (RHT). <\/p>\n
As the Nasdaq is nearing a test of its 50-day moving average, several big-name tech stocks are finding themselves in similar positions. <\/p>\n
Amazon.com (AMZN), fueled by its Whole Foods Market (WFM) buyout announcement, is rebounding higher after testing support at the 50-day line, which marked the second pullback for the stock since its mid-March cup-with-handle breakout. Friday's move puts Amazon in a follow-on buy area. <\/p>\n
Google parent Alphabet (GOOGL) and Facebook (FB) have both found support at their 50-day lines too. When deciding if you should buy on a pullback to the 50-day, look for declining volume as the stock falls and rising volume as the stock bounces from the line. <\/p>\n
Apple's (AAPL) chart is in a worse condition than its big-cap tech peers. The stock has sliced below its 50-day line and has now triggered a sell signal: Apple has nearly made a round trip from its follow-on entry at 141.12. And for those who bought in at the 118.12 handle entry back in January, the stock is now up about 20% from that level, after gaining as much as 34% from the buy point. <\/p>\n
Apple chip supplier Broadcom (AVGO) is nearing a test of support at the 50-day line (or the 10-week line on a weekly chart). After breaking out of a flat base with a 227.85 buy point in early May and running up as much as 13% from that level, shares are now back within the 5% buy range. <\/p>\n
Midrange jets will likely rule the Paris Air Show, which starts Monday. Boeing is expected to unveil the 737 Max 10, the largest version yet for that narrow-body family, and announce Indonesia's Lion Air as a launch customer. More interestingly, new details will likely emerge about a brand-new midrange plane being designed to take back market share from Airbus' (EADSY) A321neo, while the European rival is already planning to counter what some have dubbed the 797. Still, the total number of commercial plane orders is expected to be down this year. On the defense side of the Paris Air Show, Lockheed's F-35 is scheduled to make a flashy flight demonstration as more European countries like Germany evaluate the stealth fighter. <\/p>\n
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The Federal Reserve will release results from the first portion of its annual stress tests on Thursday at 4:30 p.m. ET. This part basically results in a pass-or-fail grade for each bank in a hypothetical economic downturn and financial crash, whose precise conditions differ from year to year. The grade gives investors a clue as to which banks will get approval for their plans to return capital to shareholders. The Fed will announce its approval or disapproval on those plans on June 28 at 4:30 p.m., after which individual banks will start saying how big their dividends and buybacks will be. <\/p>\n
Index provider MSCI (MSCI) is poised to decide Tuesday whether to include mainland China stocks, or A-shares, into its main emerging market index. That matters to U.S. investors because dozens of funds track or are benchmarked to that index, including the $31.65 billion iShares Emerging Markets ETF (EEM). A nod would raise China's profile in global capital markets while requiring fund managers in the U.S. and abroad to pour billions into China stocks traded in Shanghai and Shenzhen. <\/p>\n
MSCI has nixed the inclusion of A-shares on three previous occasions, citing accessibility issues for foreign investors in China's $7 trillion stock markets. Will the fourth time be the charm? A Bloomberg poll of analysts and managers in March found expectations for inclusion to be low. MSCI itself told the publication in May that a \"lot of issues\" remain. (China stocks listed in the U.S. like Alibaba (BABA) and JD.com (JD) belong to the N-shares class.) <\/p>\n
Oracle reports fiscal Q4 results after the close Wednesday. The consensus estimate on EPS is 78 cents, down 4% year over year, with revenue falling 1% to $10.47 billion. Oracle stock is up 17% this year as the software giant shifts to a cloud-based model and as short and long-term fundamentals continue to take a more positive turn. Oracle began a concerted push into the cloud three years ago, and some analysts have said the company has finally turned the corner after a rocky transition. <\/p>\n
The maker of digital media and marketing software is scheduled to report fiscal Q2 results after the market close Tuesday, and analysts are looking for continued momentum in its cloud computing transition. Analysts expect EPS to climb 34% to 95 cents, on sales of $1.73 billion, up 24%, in Q2. Adobe stock has found support at its 50-day moving average after a flat-base breakout in late January. It hit an all-time high of 144.34 on June 5. <\/p>\n
TheNo. 1 provider of open-source Linux software for corporate data centers reports fiscal Q1 earnings late Tuesday. Analysts expect EPS to grow 6% to 53 cents with revenue rising 14% to $647.8 million. Wall Street has been looking for traction in Red Hat's public cloud business as customers shift computing workloads to cloud service providers such as Amazon Web Services, which is a Red Hat partner. Shares in Red Hat have weakened ahead of earnings, dropping below their 50-day moving average. <\/p>\n
Homebuilder Lennar (LEN) will report fiscal Q2 numbers early Tuesday, and Wall Street sees EPS falling 18% to 78 cents, while revenue rises 5.4% to $2.895 billion. The National Association of Realtors will release May data on sales of existing homes on Wednesday, the Federal Housing Finance Agency will report its April home price index on Thursday, and the Commerce Department will come out with May new-home sales next Friday. Builder stocks had been showing signs on strength but sold off this week amid weak economic data, and the latest report on housing starts today showed a surprise decline. <\/p>\n
YouTubers and content creators are heading to VidCon in Anaheim, Calif., on Wednesday to watch and fete online video. Last year's multiday convention drew in over 26,000 attendees. As the traditional entertainment industry assesses the emergence of online pure-plays, some are looking to get in on the action and attract younger viewers. TBS Digital, New Form and Dunkin' Donuts (DNKN), for instance, are hosting a pilot-pitch competition at the convention. <\/p>\n
The Dublin-based global-tech consulting and services company reports fiscal Q3 earnings early Thursday. Analysts expect EPS growth of 7% to $1.51 with revenue rising 4.7% to $8.83 billion. Currency headwinds may have eased a bit, analysts say. Accenture (ACN) has been investing in digital, cloud and security services and competes against IBM (IBM), Infosys (INFY) and Tata Consultancy Services. <\/p>\n
The shipping giant reports fiscal Q4 results late Tuesday, and EPS is expected to climb 18% to $3.89, on revenue of $15.56 billion, up 20%. E-commerce and Amazon have fueled FedEx's (FDX) rise, but the internet juggernaut is expanding its own delivery operations, and is even leasing its own fleet of planes. FedEx shares are in buy range, following an early June breakout, and are up 13% year to date. <\/p>\n
The used-car superstore reports Q1 results early Wednesday and is expected to post EPS of 98 cents, up 8.9%, on revenue of $4.51 billion, up 9.2%. A flood of cars coming off lease is expected to slam the market for new and used cars, hitting prices, sales and dealers like CarMax (KMX) as well as the automotive industry more broadly. CarMax also cited headwinds related to its subprime car-loan business in its April earnings report. <\/p>\n<\/p>\n
5:40 PM ET If Boeing and Apple form a partnership to provide broadband access via thousands of satellites, it could transform how you...<\/p>\n
5:40 PM ET If Boeing and Apple form a partnership to provide broadband...<\/p>\n
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The Super Bowls For Aerospace, Bank Giants: Investing Action Plan - Investor's Business Daily<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Here's your weekly Investing Action Plan: what you need to know as an investor for the coming week. For investors in aerospace and bank stocks like Boeing (BA), Lockheed Martin (LMT), JPMorgan Chase (JPM) and Bank of America (BAC), the coming week will feature the the Super Bowl for those respective industries Continue reading