Here's your weekly Investing Action Plan: what you need to know as an investor for the coming week. Recent IPO stocks Airbnb (ABNB), DoorDash (DASH) and Playtika (PLTK) will report for the first time since going public. New EV stocks also deliver quarterly numbers along with leading software, e-commerce, cybersecurity and home improvement companies. Meanwhile, Federal Reserve Chairman Jerome Powell will testify on Capitol Hill.
XStocks To Watch
Shoals Technologies (SHLS) is in an IPO base with a 41.86 buy point but also offers an early entry at around 40. Maxlinear (MXL) is consolidating and near a 38.81 buy point. KB Home (KBH) is hovering just above a 42.30 entry despite soaring mortgage rates. DocuSign (DOCU) is just above a 263.10 buy point. Chipotle (CMG) found support at its 10-week line, but investors probably should wait for the stock to get above 21-day line before buying.
IPO Stocks Report For First Time
Airbnb, DoorDash and Playtika all report earnings on Thursday. The consensus for vacation rental listings provider Airbnb, which comes out after the close, is for a loss of $8.41 a share on revenue of $739.4 million. Food delivery company DoorDash also reports late, and analysts see a loss of 34 cents a share on revenue of $938 million. Mobile game developer Playtika reports early and is expected to post EPS of 15 cents and revenue of $551.7 million.
Software Leaders On Deck
Meanwhile, Salesforce.com (CRM) reports late Thursday, and analysts forecast 14% EPS growth to 75 cents, with revenue rising 17% to $5.68 billion. At an investor day in December, Salesforce said it aims to double revenue to $50 billion by 2026, including a $4 billion contribution from recent acquisition Slack. Workday (WDAY) reports late Thursday, and EPS is expected to rise 10% to 55 cents with revenue up 14% to $1.12 billion. Intuit (INTU) posts fiscal Q2 results late Tuesday.
Hot E-Commerce Stocks Due
Additionally, Etsy (ETSY), Wayfair (W) and Farfetch (FTCH) all report late Thursday. The consensus on arts and crafts retailer Etsy looks for EPS to jump 128% to 57 cents as revenue surges 89% to $510 million. Analysts see Wayfair, a provider of home furnishings, earning 84 cents a share, up 130%, with revenue up 48% to $4 billion. Farfetch, a dealer of high-end fashion, is expected to narrow per-share losses to 38 cents from 46 cents a year ago as revenue grows 35% to $517 million.
Fed Chief To Testify
Chairman Jerome Powell will come before the Senate Banking Committee on Tuesday and the House Financial Services Committee a day later. The continued ebbing of the pandemic and acceleration of vaccinations should have him upbeat about the outlook. With the 10-year yield rising to 1.34%, the highest since late February 2020, Powell's conviction in a benign inflation outlook could soothe Wall Street, perhaps putting a near-term ceiling on yields. Powell will likely stick to script regarding an eventual tapering of Fed asset purchases — the Fed will give plenty of notice, and it will be gradual when it happens.
Home Improvement Retailer Earnings Due
Home Depot (HD) reports early Tuesday, and analysts expect EPS of $2.60, up 14%, on sales of $30.45 billion, up 18%. Lowe's (LOW) reports early Wednesday with EPS seen at $1.20, up 27.7%, on revenue of $19.33 billion, up 20.6%. Meanwhile, Floor & Decor (FND) reports Thursday after the market close. Views are for EPS to jump 65% to 43 cents as sales climb 31% to $691.2 million.
Bitcoin To Lift Square's Revenue
The mobile payments company reports late Tuesday, and EPS is seen ticking up 4% to 24 cents, while revenue is forecast to soar 400% to $3.1 billion. But most analysts now focus on gross profit as a key financial metric, which analysts have put at $801 million. In addition, Square (SQ) in early October said it had purchased about $50 million in Bitcoin, which was then priced at $10,618. Prices have since soared, and Square may need to recognize an investment gain as of Dec. 31.
Nvidia Facing Supply Constraints
The graphics-chip maker reports late Wednesday. Analysts expect EPS to jump 48% to $2.80 as sales surge 55% to $4.82 billion. While demand is strong for graphics chips for PCs, data centers and cryptocurrency mining, Nvidia (NVDA), like other fabless chipmakers, is facing supply constraints at chip foundries, namely Taiwan Semiconductor Manufacturing (TSM). Its guidance will provide more insight into its supply situation.
Beyond Meat Losses To Worsen
The maker of plant-based burgers and sausages reports late Thursday. Wall Street expects per-share losses to widen to 14 cents from 1 cent a year ago while revenue increases 6% to $104.5 million. The results arrive after Beyond Meat (BYND) announced plans to produce plant-based foods via partnerships with PepsiCo (PEP) and Yum Brands' (YUM) Taco Bell. But Beyond Meat has faced challenges amid coronavirus-related restaurant restrictions and efforts to bolster business from grocery stores.
Busy Week For New EV Stocks
Late Tuesday, Hyliion Holdings (HYLN) is likely to report a net loss of 14 cents a share. Late Thursday, Nikola (NKLA) should see a 21-cent loss per share. Fisker (FSR) also reports late Thursday. All are pre-revenue companies. Early Thursday, China's Li Auto (LI) should disclose a 4-cent loss per share on revenue of $565.5 million.
More Cybersecurity Earnings
Palo Alto Networks (PANW) reports fiscal Q2 earnings late Tuesday, and EPS is expected to rise 20% to $1.43, as revenue grows 14% to $923 million, including acquisitions. Zscaler (ZS) reports fiscal Q2 earnings late Thursday. Analysts project EPS of 8 cents, down a penny from a year earlier, while revenue jumps 45% to $147.4 million.
Shale Producers Report After Delay
Occidental Petroleum (OXY) reports late Monday after the winter storm in Texas delayed its results. Pioneer Natural Resources (PXD) also delayed its report, which will now come out late Wednesday. EOG Resources (EOG) will proceed on schedule after the market closes Thursday. Analysts expect EPS to fall 72% to 38 cents with revenue down 33% to $2.9 billion.
Other Earnings
- Crocs (CROX) reports early Tuesday, and EPS is expected to vault 583% to 82 cents as sales rise 55% to $408.25 million.
- Domino's Pizza (DPZ) reports early Thursday. Wall Street expects EPS to rise 21% to $3.79 with revenue up 20% to $1.38 billion.
- Novocure (NVCR) reports early Thursday, and EPS is seen rocketing 225% to 13 cents with sales up 45% to $144 million.
- First Solar (FSLR) reports late Thursday. EPS is expected to fall 37% to $1.27, while revenue climbs 49% to $715.3 million.
- Virgin Galactic (SPCE) will report late Thursday, and analysts see per-share losses narrowing to 31 cents from 37 cents a year ago, with revenue remaining at zero.
- DraftKings (DKNG) reports early Friday, and analysts expect a loss of 57 cents a share on $229.7 million in revenue.
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