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This is the busiest week of earnings season with over 1000 companies reporting including many big cap glamour names.
The reports keep coming even into the end of the week as some of the biggest names in the global economy are reporting earnings.
Some have excellent track records, others do not. Investors have been buying into the growth story of these names but does the recent stock market pullback throw a wrench into the bullish story? Or was it much ado about nothing?
Investors can go straight to the source by listening in on these company conference calls.
Is the global economy really slowing?
5 Fantastic Charts to Finish the Week
Starbucks (SBUX – Free Report) is stuck in a multi-year trading pattern as the Street believes the growth is gone, but the shares are also not cheap enough to be a value play yet. It has only missed once in the last 5 years, however. What can it say that will push the shares out of this stalemate?
MercadoLibre (MELI – Free Report) has missed every quarter since Amazon entered the Mexico and Central American market. It has had to match on free shipping which has pushed up costs. But has it finally figured out how to compete?
Chemours (CC – Free Report) was spun-off from DuPont and the shares have been on a tear until 2018. Shares are down 22% over the last 3 months but are dirt cheap with a forward P/E of just 5.7. It has beat 4 quarters in a row, will another beat turn it around?
Chevron (CVX – Free Report) has beat 2 out of the last 4 quarters but shares will move on the price of oil. With crude now trading under $65, will the earnings report even matter as far as boosting the shares?
Alibaba (BABA – Free Report) is coming off a miss last quarter. Shares have sunk in 2018 on fears about Chinese growth. While they have bounced off their recent lows, they’re still down 18% year-to-date. Will this earnings report reveal that the Chinese economy is slowing more than anticipated?
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