📈 5 MUST WATCH STOCKS|EARNINGS WEEK

Earnings season started last week with excellent results from the large banks.

JP Morgan crushed estimates:

Adjusted earnings of $4.32 per share vs. $3.41 estimate

Revenue of $39.34 billion vs. $36.19 billion estimate

Boosted a key piece of guidance: Net interest income will be $81 billion this year which is $7 billion more than their previous forecast

This week we have several more banking stocks but also some Technology Heavyweights.

SCHWAB (SCHW) will release earnings Monday morning 8:45 AM for 1st Quarter March 2023

Estimates:

Consensus:  $0.90

Revenue:  $5.21 B

SCHW is currently resting on major support at $50 and the MACD is bearish.

Netflix (NFLX) reports Tuesday 4:00 PM ET.

Estimates:

Consensus:  $2.81

Revenue:  $8.17B

Netflix sticking point is $335 and the MACD is neutral. The focus will be on their new ad revenue model for lower tier subscribers.

Tesla(TSLA) has earnings on Wednesday 4:05 PM ET. Delivery numbers and shipment numbers are always highly debated.

Estimates are as follows:

Consensus:  $0.85

Revenue:  $23.37B

Tesla continues to have support around $180 and the MACD is bearish but rising. Its starting to look exhausted from selling forming a possible flag.

Taiwan Semiconductor (TSM) is the largest chip manufacturer on the planet and capacity utilization is always watched closely as a sign for chip demand. Earnings will be released Thursday 6:00 AM ET due to the time zone difference.

Estimates are as follows:

Consensus:  $1.21

Revenue:  $17.00 B

TSM is wedged in ahead of the release but the MACD is starting to look tired. Usually ahead of earnings this means a more volatile move.

ASML Holdings N.V.(ASML) is the world's leading supplier for the semiconductor industry, provides hardware, software and services to chip-makers around the world. As goes ASML demand goes chip sales. Earnings will be released Wednesday 1:00 AM ET due to the time difference as they are based in Veldhoven, Netherlands.

Estimates are as follows:

Consensus:  $4.59

Revenue:  $6.73B

For a more detailed look into why the market is not selling off watch the video below.

Wishing Everyone Massive Success in 2023 🍾