Authored by TD Markets
Friday’s Movers
- Wynn Resorts Ltd (WYNN) was up 8.6% following a gaming law amendment issued earlier in the day.
- JPM was down 6.15% as Wells Fargo downgraded the bank following the 4th Quarterly report
- BYND was down 6%
- PDD was up 4.84%
Earnings Due:
| Stock | Symbol | Announcement date | Release Time | EPS Estimate |
| Goldman Sachs Group | GS | 18/1/2022 | Pre-Market | $10.01 |
| Procter & Gamble | PG | 19/1/2022 | Estimated | $1.59 |
| Bank of America | BAC | 19/1/2022 | Pre-Market | $0.70 |
| American Airlines | AAL | 20/1/2022 | Estimated | -$1.03 |
Stocks to watch:
Goldman Sachs Group (GS)
The bank’s 4th quarterly earnings are set for release during tomorrow’s Pre-Market. Given the expectation out of the earnings report where the market close today will be pivotal for trading the stock tomorrow.
EPS estimate is expected to be $11.88 per share and the Revenue Estimate is expected to come out at $12.08B. Over the last two years, Goldman Sachs has beaten the EPS estimates 63% of the time, and Revenue estimates 75% of the time.
However JPMorgan and Citigroup bot retraced lower following their 4th quarterly report that was released during the latter part of last week.
From a technical point of view, the price had retraced to the bottom of the channel rejecting the 200day moving average as it holds above. Price has been trading in a sideways range since August of last year as it ranged between $373 and $420. The result is that if the 200-day moving average holds a great buying opportunity might be lining up to take it back to $420.
