#InsiderTime #Amazon #PayPal⠀
🚀 Insider time: insights for the actual week ⠀
Reporting season is in full swing, and four of the "Magnificent Seven" tech companies are due to report their results. Regardless of the global market's direction, we offer one stock that is likely to be favored and another for which a decline is very possible.
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• Amazon.com Inc (NASDAQ: AMZN): buy ⠀
The tech giant's quarterly results are expected to exceed the market's forecast thanks to continued growth in its cloud computing, e-commerce, and advertising businesses.
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The second-quarter report will be released on Thursday at 4:00 p.m. ET. Following the data release, market participants expect AMZN stock to fluctuate significantly (about 8%) in either direction.
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The forecast calls for earnings of $1.02 per share, up 56.9% from last year's period, as the company significantly improved its operating efficiency. Revenue is expected to grow 10.6% to $148.6 billion.
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First target: $222, 50 - 224.50, followed by $238.50 - 242.50 if the fundamental backdrop is favorable.
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• PayPal Holdings Inc (PYPL): Sell ⠀
The report is expected to be harmful due to a combination of unfavorable trends in consumer spending and customer demand. The company continues to lose market share in online payments. Expect a breakout of new lows.
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The forecast expects the company to earn no more than $0.98 per share, which is 15.5% less than the result ($1.16) for the same period last year. Meanwhile, revenue should grow 7.2% (roughly $7.84 billion), softening things.
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First target: $55.00 - 54.20. After correction, the next target can be sought in the zone of $52.50 - 50.00.
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Let's behave reasonably and don't forget about the risk!
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Profits to y’all!