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π΅ One buy and one sell: current week's promotions
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π Last Friday, stocks on Wall Street tried to compensate for the failed week with a technical pullback, but the main indexes after the next batch of economic data look bleak. On fears of a recession, the DJIA fell by 2.7%, S&P500 lost 0.7%, respectively, and only the Nasdaq Composite managed to earn slightly (+0.5%).
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Traders are waiting for the quarterly reports of the real market monsters: Microsoft (NASDAQ: MSFT), Tesla (NASDAQ: TSLA), Texas Instruments (NASDAQ: TXN), Boeing (NYSE: BA), Chevron (NYSE: CVX), General Electric (NYSE: GE).
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In addition, important data on the dynamics of growth for the 4th quarter will be published on Thursday, and on Friday β PCE index, which Fed considers a key indicator of the Β«qualityΒ» of inflation.
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Regardless of which general direction the market takes after the quarterly reports, we believe that:
β’ Visa must be purchased
Now the market capitalization of
Visa is $462 billion β the 7th place in the world in the ranking of the most valuable companies. On Friday,
Visa (NYSE: V) closed above $220 for the first time since April 2022. The global recession barely affects quarterly numbers, and now the company has a great chance to continue the rally. The report expects earnings of $2.01 per share (+11% for the year) and revenue growth of 9.1% (approximately $7.7 billion). The medium-term target is in zone of $249-254, and the most optimistic forecast for the rest of the year is $290.
β’ Intel worth selling
Shares of Intel (NASDAQ: INTC) are poised for a decline as the company looks to post a very negative financial report. Analysts assume earnings per share of no more than $0.20, which is more than 80% less than in 2021. This will be the minimum profit for the last 10 years. Forecast in terms of revenue β a decrease of 25.7% ($14.5 billion). The medium-term goal is $25-23.50, and the most negative forecast for the rest of the year is $18.
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Profits to yβall!