Here's your weekly Investing Action Plan: what you need to know as an investor for the coming week. The Q4 reporting season slows down in the holiday-shortened week, though Walmart earnings will mark the beginning of top retail chains putting out full holiday-quarter results. Walmart (WMT) stock, which is a Dow Jones Industrial Average component, is also forming a base. Highly rated stocks Synopsys (SNPS), Sleep Number (SNBR) and Epam Systems (EPAM) also report along with big shale companies.
XStocks To Watch
UnitedHealth (UNH) and Monolithic Power Systems (MPWR) are extended beyond buy range from traditional entry points, but they are still buyable after rebounding bullishly from recent tests at their 10-week averages. Visa (V) edged above a short consolidation pivot of 210.23 Friday, signalling another potential buying opportunity. Fiserv (FISV) found support at its 10-week line and could be buyable with a strong bounce. TransDigm (TDG) is consolidating and could form a new base soon.
Walmart Earnings Due For Holiday Quarter
The retail giant reports early Tuesday, and analysts expect EPS to tick up 1% to $1.43 as revenue increases 3% to $142.48 billion, despite a shorter holiday shopping season. Walmart has been focusing on strengthening its e-commerce operations and developing a hybrid retail model that mixes its online and store operations. While Walmart stock has outpaced its industry over the past year, it has actually fallen by 1% since the start of the year. Still, shares are building a flat base with a 125.48 buy point.
Synopsys Earnings Seen Dropping
The chip design software developer will report fiscal Q1 results late Wednesday. Analysts expect EPS to fall 15% to 92 cents, with sales up 0.2% at $822.3 million. Synopsys stock is in record high territory ahead of the earnings report as the overall chip sector has been rallying on strong earnings and expectation for a turnaround.
Sleep Number, Floor & Decor To Report
Smart-mattress maker Sleep Number reports after the close on Wednesday. Wall Street expects EPS to fall 18.5% to 66 cents as revenue climbs 3.6% to $426.7 million. Rival Tempur Sealy (TPX) crushed Q4 estimates as revenue growth accelerated for a seventh consecutive quarter. Flooring retailer Floor & Decor (FND) reports after the close Thursday. Wall Street expects a 5% increase in EPS to 21 cents, with revenue up 21% to $527 million.
Epam Stock Near Sell Zone
The information-technology services provider reports before the market open on Thursday. Analysts expect EPS to rise 13% to $1.44 with revenue climbing 22% to $618.1 million. In info tech services, Epam sets itself apart by specializing in custom software development and product engineering services. The company, which gets more than 40% of revenue from Europe and Russia, hires most of its computer software developers in Eastern Europe.
Shares are near profit-taking sell range, which begins at 241.32, after breaking out from a 201.10 buy point in November.
Shale Earnings Due Amid Slump
U.S. shale earnings reports start in earnest as a prolonged slump in crude oil prices has forced producers to pull back on drilling. Diamondback Energy (FANG) and Concho Resources (CXO) report after the market closes Tuesday. Analysts see Diamondback's EPS jumping 50% to $1.81 on a 73% increase in revenue to $1.09 billion. The shale producer already reported a 65% increase in production vs. the year-ago quarter. Concho is seen reporting an 18% drop in EPS to 77 cents. But revenue is seen rising 8% to $1.15 billion. Pioneer Resources (PXD) and Parsley Energy (PE) will report late Wednesday. Pioneer's EPS is expected to jump 80% to $2.12 with revenue down 7% to $2.5 billion. Parsley's EPS is seen edging up 3% to 31 cents with revenue up 11% to $507 million.
Other Earnings
- Leidos (LDOS) will report Q4 earnings before the market opens Tuesday. Analysts see the defense contractor's EPS jumping 24.5% to $1.35 with revenue rising 7% to $2.83 billion.
- TransUnion (TRU) posts Q4 results before the open Tuesday. EPS for the credit reporting agency is seen rising 8% to 71 cents as revenue pops 10% to $675 million.
- InMode (INMD) reports early Tuesday. EPS at the recent IPO is seen at 39 cents on revenue of $42.6 million.
- SolarEdge Technologies (SEDG) reports late Wednesday, and EPS should more than double to $1.30 as revenue jumps 57.5% to $415.3 million.
- Garmin (GRMN) reports early Wednesday. EPS is expected to dip 2% to $1.00 as revenue rises 7% to $998.6 million
- Five9 (FIVN) reports late Wednesday, and EPS is seen falling 4% to 22 cents as revenue climbs 19.6% to $86.5 million.
- Boyd Gaming (BYD) posts Q4 results after the close Thursday. EPS for the casino company is seen exploding 27% to 47 cents as revenue ticks up 4% to $825 million.
- Domino's Pizza (DPZ) reports early Thursday. Wall Street expects EPS of $2.95, up 13%. Revenue is seen up 4% to $1.123 billion.
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