Next Weeks Earnings
“If you want to invest in something with minimum risk
and a guarantee of a big return, Invest in yourself”
― Unknown
The Portfolio
Our blog portfolio continues to perform well and volatility remains low. Year-To-Date the portfolio is up +18.03%. Our benchmark, the S&P 500 is up a stunning +20.2%.
While I think the stock market is fairly valued (not cheap or expensive), I'm chomping at the bit to buy a number of companies that have been oversold by investors to exceptionally low levels. Since we only have one stock losing money right now, Nabriva Therapeutics, the loss is so low and the position large enough that I'm not inclined to add shares. I never add shares to a position that is above our cost. So we have to look for new names to add to the portfolio.
The Fed
Investors are making way too much of the Federal Reserve and interest rates. My hope is investors will run out of interest rate worries and get back to focusing on earnings and the general fundamentals of companies.
DOW 27,000
Friday the DOW crossed the 27,000 level and continues to climb. When I graduated college in 1987 I walked into a job market where the DOW fell exactly 508 points in one day to close at 1,738.74. That historic event is known as Black Monday. In 32 'short' years the DOW has increased 1,469.53%.
S&P 3000
In my last post I said, "My call for the S&P 500 to reach 3,000 looks bearish and my 2020 year-end target probably needs a revision too." The S&P 500 closed today at 3,013.77, 3,100 is looking very possible.
Repricing
I've added a new column to the portfolio that tracks the change in my 12-month target price from my previous target price. With earnings season coming, I've gone back through the entire portfolio and repriced my 12-month Target Prices. Most companies have had their Target Prices Raised, a few placed on Hold. The number of companies that I've increased target prices by double digits is impressive. I thought this approach would be more valuable to my readers than simply stating I changed the target prices and some percentage went up or down.
Earnings Season
Stock prices can move up and down significantly before and after an earnings call. Knowing the dates can be just enough information to take the mystery out of sudden price movements. In many cases I've stated that the date is estimated* based on previous reporting dates and analysts estimates. The exact date will be provided by the company prior to the report. Here are the upcoming earnings reports from our portfolio companies that are reporting in July and August. They are arranged by date.
GS 7-16-2019
Goldman Sachs Group is expected* to report earnings on 07/16/2019 before market open. The report will be for the fiscal Quarter ending Jun 2019.
The consensus EPS forecast for the quarter is $5.00. Earnings range is range is $4.38 to $5.52.
The consensus revenue forecast for the quarter is $8.91B, Revenue range is $8.62B to $9.36B.
FCCO 7-17-2019
First Community Corporation is estimated to report earnings on 07/17/2019. T
The consensus EPS forecast for the quarter is $0.35. Earnings range is range is $0.35 to $0.36.
The consensus revenue forecast for the quarter is $12M, Revenue range is $11.98M - $12.03M.
PGR 7-17-2019
Progressive Corporation (The) is expected* to report earnings on 07/17/2019 before market open. The report will be for the fiscal Quarter ending Jun 2019.
The consensus EPS forecast for the quarter is $1.43. Earnings range is range is $1.30 to $1.49.
The consensus revenue forecast for the quarter is $9.14B, Revenue range is $9.06B - $9.29B.
ASML 7-17-2019
ASML Holding is expected* to report earnings on 07/17/2019 before market open.
The consensus EPS forecast for the quarter is $1.75. Earnings range is range is $1.75 to $1.75.
The consensus revenue forecast for the quarter is $2.76B, Revenue range is $2.59B - $2.93B.
SAP 7-18-2019
SAP SE is expected* to report earnings on 07/18/2019 before market open. The report will be for the fiscal Quarter ending Jun 2019.
The consensus EPS forecast for the quarter is $1.25. Earnings range is range is $1.19 to $1.38.
The consensus revenue forecast for the quarter is $7.61B, Revenue range is $7.48B - $7.82B.
AMTD 7-22-2019
TD Ameritrade is expected* to report earnings on 07/22/2019 after market close. The report will be for the fiscal Quarter ending Jun 2019.
The consensus EPS forecast for the quarter is $0.96. Earnings range is range is $0.93 to $0.99.
The consensus revenue forecast for the quarter is $1.46B, Revenue range is $1.44B - $1.49B.
V 7-23-2019
Visa Inc. is expected* to report earnings on 07/23/2019 after market close. The report will be for the fiscal Quarter ending Jun 2019.
The consensus EPS forecast for the quarter is $1.32. Earnings range is range is $1.28 to $1.36.
The consensus revenue forecast for the quarter is $5.7B, Revenue range is $5.64B - $5.78B.
MPWR 7-24-2019
Monolithic Power Systems is estimated to report earnings on 07/24/2019.
The consensus EPS forecast for the quarter is $0.92. Earnings range is range is $0.91 to $0.93.
The consensus revenue forecast for the quarter is $150.52M, Revenue range is $150.16M - $150.7.
NOC 7-24-2019
Northrop Grumman Corporation is expected* to report earnings on 07/24/2019 before market open. The report will be for the fiscal Quarter ending Jun 2019.
The consensus EPS forecast for the quarter is $4.69. Earnings range is range is $4.42 to $4.89.
The consensus revenue forecast for the quarter is $8.43B, Revenue range is $8.28B - $8.52B.
AMZN 7-25-2018
Amazon.com, Inc. is estimated to report earnings on 07/25/2019.
The consensus EPS forecast for the quarter is $5.52. Earnings range is range is $4.34 to $6.77.
The consensus revenue forecast for the quarter is $62.46B, Revenue range is $60.97B - $63.76B.
MA 7-30-2019
Mastercard Incorporated is expected* to report earnings on 07/30/2019 before market open. The report will be for the fiscal Quarter ending Jun 2019.
The consensus EPS forecast for the quarter is $1.83. Earnings range is range is $1.73 to $1.91.
The consensus revenue forecast for the quarter is $4.09B, Revenue range is $4.01B - $4.18B.
SNE 7-30-2019
Sony Corp Ord is expected* to report earnings on 07/30/2019 before market open. The report will be for the fiscal Quarter ending Jun 2019.
The consensus EPS forecast for the quarter is $0.78. Earnings range is range is $0.78 to $0.78.
The consensus revenue forecast for the quarter is $18.79B, Revenue range is $18.79B - $18.79B.
RCL 8-1-2019
Royal Caribbean Cruises Ltd. is estimated to report earnings on 08/01/2019.
The consensus EPS forecast for the quarter is $2.47. Earnings range is range is $2.34 to $2.53.
The consensus revenue forecast for the quarter is $2.8B, Revenue range is $2.76B - $2.84B.
XYL 8-1-2019
Xylem Inc. is expected* to report earnings on 08/01/2019 before market open. The report will be for the fiscal Quarter ending Jun 2019.
The consensus EPS forecast for the quarter is $0.79. Earnings range is range is $0.76 to $0.80.
The consensus revenue forecast for the quarter is $1.35B, Revenue range is $1.32B - $1.40B.
MIXT 8-1-2019
MiX Telematics Limited is estimated to report earnings on 08/01/2019.
The consensus EPS forecast for the quarter is $0.18. Earnings range is range is $0.18 to $0.18.
The consensus revenue forecast for the quarter is $35.46M, Revenue range is $34.36M - $36.25M.
AWR 8-5-2019
American States Water Company is estimated to report earnings on 08/05/2019.
The consensus EPS forecast for the quarter is $0.51. Earnings range is range is $0.50 to $0.53.
The consensus revenue forecast for the quarter is $115.2M, Revenue range is $110.5M - $122.31M.
FOXF 8-7-2019
Fox Factory is estimated to report earnings on 08/07/2019.
The consensus EPS forecast for the quarter is $0.66. Earnings range is range is $0.65 to $0.67.
The consensus revenue forecast for the quarter is $187.94M, Revenue range is $185.12M - $190.3M.
CCMP 8-7-2019
Cabot Microelectronics is expected* to report earnings on 08/07/2019 after market close. The report will be for the fiscal Quarter ending Jun 2019.
The consensus EPS forecast for the quarter is $1.57. Earnings range is range is $1.50 to $1.65.
The consensus revenue forecast for the quarter is $267.13M, Revenue range is $263M - $270M.
NSP 8-7-2019
Insperity, Inc. is estimated to report earnings on 08/07/2019.
The consensus EPS forecast for the quarter is $0.83. Earnings range is range is $0.83 to $0.84.
The consensus revenue forecast for the quarter is $1.04B, Revenue range is $1.02B - $1.05B.
CVS 8-7-2019
CVS Health Corporation is expected* to report earnings on 08/07/2019 before market open. The report will be for the fiscal Quarter ending Jun 2019.
The consensus EPS forecast for the quarter is $1.69. Earnings range is range is $1.65 to $1.72.
The consensus revenue forecast for the quarter is $62.71B, Revenue range is $61.66B - $63.28B.
BDSI 8-8-2019
BioDelivery Sciences is estimated to report earnings on 08/08/2019.
The consensus EPS forecast for the quarter is $-0.06. Earnings range is range is $-0.25 to $-0.01.
The consensus revenue forecast for the quarter is $24.59M, Revenue range is $23.07M - $27.3M.
NBRV 8-8-2019
Nabriva Therapeutics is estimated to report earnings on 08/08/2019.
The consensus EPS forecast for the quarter is $-0.33. Earnings range is range is $-0.34 to $-0.33.
The consensus revenue forecast for the quarter is $790K, Revenue range is $500K - $1.25M.
BSTC 8-8-2019
BioSpecifics Technologies Corp is estimated to report earnings on 08/08/2019.
The consensus EPS forecast for the quarter is $0.72. Earnings range is range is $0.72 to $0.72.
The consensus revenue forecast for the quarter is $8.98M, Revenue range is $8.98M - $8.98M.
NVDA 8-15-2019
NVIDIA Corporation is estimated to report earnings on 08/15/2019.
The consensus EPS forecast for the quarter is $1.14. Earnings range is range is $1.07 to $1.24.
The consensus revenue forecast for the quarter is $2.54B, Revenue range is $2.41B - $2.57B.
VEEV 8-22-2019
Veeva Systems Inc. is estimated to report earnings on 08/22/2019.
The consensus EPS forecast for the quarter is $0.49. Earnings range is range is $0.48 to $0.51.
The consensus revenue forecast for the quarter is $259.37M, Revenue range is $254.17M - $262.6M.
HEI 8-26-2019
Heico Corporation is estimated to report earnings on 08/26/2019.
The consensus EPS forecast for the quarter is $0.54. Earnings range is range is $0.50 to $0.56.
The consensus revenue forecast for the quarter is $510.16M, Revenue range is $503.4M - $521.53M.
"Markets don't go to zero, Portfolio's do.
Buy quality, be patient...and look twice for motorcyclists"
- Clay Baker
Stay Invested,
Clay
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Keep Me Honest
S&P 500 declines to 2,350 or more (1-3-2019)
Healthcare and Biotech sectors outperform (1-3-2019)
S&P reaches 3,000 by year end (1-11-2019)
CSCO reaches $60/share (1-18-2019)
VEEV reaches $145/share (2-14-2019) (achieved $145.23 on 5-10-2019)
CVS reaches $91.50 (2-27-2019)
Bull market takes another leg up (4-7-2019)
The Fed will lower rates 1-2 times (5-13-2019)
Clay's Rules
Rule #1: Don't lose money
Rule #2: See Rule #1
Rule #3: Portfolios go to zero, markets don't, Stay Invested
Rule #4: When a good stock you own drops 10% below your cost basis, add shares
Rule #5: Bull markets aren't sustained without the Transports
Rule #6: When Forward P/E is lower than TTM P/E, expect earnings to increase
Disclosure: I am personally invested long in some or all of these stocks or funds that appear in the Stay Invested portfolio and may purchase or sell shares within the next 72 hours. I am also invested in other stocks and funds that do not appear in the Stay Invested portfolio but may be mentioned or related to this article. It is not my intention to advise or encourage the purchase or sale of any security. I am invested long in these securities mentioned in this post:
CVS, CSCO, VEEV, STZ, AMZN, NVDA, BCRX, GS, BDSI, VEEV, VTI, GLD, HD, AWR, XLNX, MRVL
I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article. This article is not intended to offer investing advice, guarantee 100% accurate predictions, or to be interpreted as providing a personal recommendation.
