Why This Earnings Season is Make or Break

by | Apr 22, 2022 | Options

It’s been an eventful week and earnings season is about to up the ante — which makes this one of the most important Weekend Watchlists for New Money Crew readers yet!

While most of the S&P 500 names are coming in above expectations, Wednesday’s disappointment from Netflix Inc. (Nasdaq: NFLX) was an eye opener.

The entertainment pioneer’s 35% single-day drop helped sour the mood in the markets, with the S&P 500 threatening to close lower for the third straight week.

Although the chop is picking up, our have been able to reel in some fantastic wins!

Wiretap Alerts started the week off on the right foot, closing on Wells Fargo (NYSE: WFC) and Twitter Inc. (NYSE: TWTR) for healthy returns of 17% and 42%*, respectively.

Before Netflix went and ruined the market, the Weekly Trade Alliance bonus trade on Advanced Micro Devices Inc. (Nasdaq: AMD) peaked at 107%** from its price at Monday’s alert.

On top of closing wins on Toast Inc. (NYSE: TOST), Lucid Group, Inc. (Nasdaq: LCID), and PepsiCo Inc. (Nasdaq: PEP), Weekly Blitz Alerts our bet on CSX Corp. (Nasdaq: CSX) paid off big time — scoring a 93%** gain… overnight!

With all of the headwinds facing this market, I see this is shaping up to be a make-or-break earnings season for 2022.

And with more mega-cap companies set to report next week, I have two big names right at the top of the New Money Crew Weekend Watchlist that traders need to keep square in their sights…

New Money Crew Weekend Watchlist: April 22, 2022

Three of the biggest names on the exchange are set to report earnings next week, and the headlines aren’t looking great so far…

It’s no secret I don’t like communications names right now. Just look at XLC, an ETF that tracks the comms sector…

Ouch.

And the market has a trifecta of FAANG stocks reporting in the middle of the week, starting Tuesday with Google parent company Alphabet Inc. Class A (Nasdaq: GOOGL).

The stock is down more than 17.5% on the year despite a massive 10% pop from its last earnings event on Feb. 1.

If the company misses expectations, we could see shares trade down to around $2,200, where they found support a year ago.

Next, we’ll see if Meta Platforms Inc. (Nasdaq: FB) can finally find its footing when it reports after the close.

New Money Crew has been following the company’s fall from grace and rebranding, and Meta’s 45.5% loss year to date makes Google’s subpar 2022 campaign look almost rosy in comparison.

That figure includes its nasty 26% crash from its most recent earnings disappointment.

In addition to lawsuits and the disappointing “Metaverse” reveal, the tech stock is fighting for attention.

The company saw a loss of over 1 million daily active users, citing increased competition from video platforms like TikTok.

If Zuckerberg’s baby comes up short again, shares could test previous 2019 support levels around $165.

Finally, coming up on Thursday, the New Money Crew Weekend Watchlist turns its sights to Apple Inc. (Nasdaq: AAPL).

Analysts project year-over-year growth for Apple Inc. (Nasdaq: AAPL) of around 6.5% as we head into the April 28 earnings event.

The stock has helped prop up the market more times than I care to count, but if the numbers come in light from the ongoing supply chain issues, we could be in for some serious volatility to close out April… 

P.S. Next week will be the peak of spring earnings season…

And with high volatility… comes some crazy opportunities!

Just last week, we witnessed Netflix put options grow by 9,499%** — literally overnight.

Trading earnings can be tricky… But I’m here to help!

Let me prepare you for the week ahead with a FREE Unusual Options Activity Workshop: Earnings Edition! 

It all starts at noon EDT on Sunday, April 24!

Click Here to Reserve Your Spot Now!

*Stated results are typical for given period. Past performance is not indicative of any future results. Trade at your own risk.

**Stated results are atypical for given period. Past performance is not indicative of any future results. Trade at your own risk.

WRITTEN BY<br>Lance Ippolito

WRITTEN BY
Lance Ippolito

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